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What's the difference if you charge less initially or charge more and get a rebate. The net cost is the only issue. What I think your firm does right from what you wrote in the last post is to target your lower costs to the traders who have earned it or deserve it. You earn it by making money...

For traders who leave negative accounts, why not just not accept a new trader at your firm who has walked away from a debit at another firm. When I went to my old firm, that was the first question they asked. (I left positive) That will prevent the cowboy traders from abusing leverage if they...

Don is a good guy with good intentions and of course a profit motive (this is a capitalist country). I question the impartiality of these boards if they are sponsored by Bright Trading. Doesn't Elite Trader think there is a conflict between open free discusssion and one of the firms most often...

The difference between a long and short account scenerio and a married put is that the married put has risk to the seller and potential upside gains to the buyer. There is an economic justification to it. At my old firm there was a trader who did not exercise his married put one night and the...

Firms that provide married puts to the pros are doing so by taking counterparty risk. They are exposed to the ability of the other side to pay for the trade because they are OTC transactions. That is why, if you are a customer they don't like to do business with you -- unless you have $1...

Thank you for clarifying what I was trying to say among all the sniping. One last point. Of all the firms I talked to and the two I have been associated with, ETG is the firm that cared the least about my trading volume and cared the most about my profitability. They wanted me to develop a...

Dagve is 100% correct. A bullet is the equivalent of a oong out of the money call. If the stocl was taken over when you had one on, you could profit nicely. When you sell your long stock off of your married put position, you are not short the stock. You are long the put with a delta...

Could anyone shed some light on my previous question. What should be the ratio of frim money to trader money in an llc to feel protected? Does Bright have it in their LLC that they keep up a minimal of 10 million as he suggests? Is there anyway to determine when discussing joing a firm how...

Are you saying that next year you will be allowing remote trading for members of your LLC who use BD margins?

First, a deep in the money put usually has little or no premium due to the credit in the account and that if the price of the call becomes less than the cost of carrying the stock to expiration then the holder of the long put would exercise out and cover his short call locking in a profit of the...

Thanks Don! Cash really makes it a different game. Changes the strategy.

I did not have to make a contribution. I don't think they are requiring it now either. Ask them, they will tell you the straight skinny.

If it is a married put (Long stock and long depp in the money put) Then not only do you not have risk on the upside, you have extra profit potential if the sock goes higher than the strike price before expiration of that married. There is no risk beyond what you paid (except pin risk) other...

Don, You mentioned in another thread that the owners of Bright always have 10 million of their own capital up in front of the traders money. I assume that is the type of thing I should be looking for in researching firms. Is that 10 million written into your operating agreement or is that a...

I could not have said it better. I add one thing. It is one thing to not like a person, but when we get to the point of actually wishing them ill will, then I think we have stepped over the line. I have said all I am going to say about ETG unless directly asked a question. Let's work...

It is on a cents per share with the minimum being a round lot of 100 shares. Final cost can only be determined at end of month based on your volume. They rebate off the base cost.

That makes sense. If a guy can negotiate his own signing bonus. I agree that traders are no differnet than athletes or Wall Street analysts etc who can and should try to get an upfront signing bonus. Do firms do that? I don't think firms should pay one trader for reffering another. An...

Wow. I can take a hint. You don't like me or ETG. As I said before, I am not a part of ETG. I left. I am not a big fan either. I am a believer in truth and fairness. We just have had two different experiences and realities. So be it. Please watch the language. Speaking of language what...

Sorry, I missed the question. The bullets costs are variable. There is a whole schedule that applies to as far as I could tell and was told to EVERY trader the same way. They rebate you based on monthly volume. THe low is I think a penny and a half. They use two different firms. If you...

Thanks. I was thinking about some of the futures exchanges as individual exchanges such as the Board of Trade. They put so much into the 30 year and now that whole builkding project seems a waste. I was wondering not about the economics to the exchanges. I was wondering about the economic...