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Agreed. His analogy, in particular, was perfect.

Might make more sense to have anyone paying <b>more</b> than Bright's posted rates to mention the firm they trade with. If you look at Dustin and Shreddogs' posts earlier on this thread, you'll see that they found Bright's commissions (not posted, but Bright's lower, negotiated rates), to...

Not to belabor the point, but I think your overall assessment is dead on. Two of ET's most successful traders posted their experiences when considering joining Bright in the past year or two, and both found the commissions to be unrealistically inflated. Dustin (one of the top traders from...

That's very good that you notice that sort of thing. I'm not sure what program you are using to do your paper trading, but is there any way to have it make adjustments to account for more realistic executions? Are you being 'charged' for commissions? If so, one good way to adjust for more...

You might want to try putting him on ignore, Baron, like most of the rest of us have. :-)

What reason would a consistently profitable trader have for posting their P&L every day for 5+ years? A trader such as that doesn't need to prove anything to anyone. They don't care whether you believe their results or not. The only reason to consider a long ongoing daily P&L posting is if...

Thanks, Baron. Excellent addition to the site.

Just a thought... I'm not sure why Baron wanted to delete old threads/posts in the first place. It could have been to free up disk space, or maybe just to remove some of the clutter from the site (an admirable reason, IMO). If things are to be thinned out at some point, the challenge is to be...

I have the reputation here on ET for being hard on Don in the past, or at least a reputation for ensuring that he doesn't post uncontested misleading information here. That said, I see no reason to doubt his statement that over 50% of his clients have been with the firm for 5 years or more...

Wrong conclusion, IMO. A losing day, or a losing trade is not necessarily an indication that you somehow "went wrong." Losses happen, they are part of trading, and should be expected. Do not change a 'winning' strategy simply because you have a losing trade or losing day (or week or month)...

Sounds like a plan. Best of luck.

I think this can be a problem at any firm, but especially those that teach courses to train newbie traders 'what is working.' You can imagine how it would feel if you found an innovative new strategy, started making consistent and sizable profits off of it, and a month or two later, your...

What he said. Seems like I recall he uses the Bentley Indicator, as well. http://www.elitetrader.com/vb/showthread.php?s=&postid=1877859&highlight=bentley#post1877859

I'm not suggesting that you publish your trading rules or strategy here. However, this is what I understand your overall strategy to be: "--my system for picking momentum trades is very basic. exponential moving averages on four intraday time frames (2, 5, 60 min, and a chart that switches...

Sounds to me like: You're not following a plan, if you really even have one. In the unlikely event that you do have a plan, you seem to have very little confidence in it, as evidenced by the fact that you seem to only infrequently have trades that you follow your plan. Here's a post that I...

I'm sorry to hear about the Linux problems. I started using Genesis for automated (API) trading in the summer of 2004 using Windows on my end. I can say that they are the best and most reliable platform I have ever used. Sure, there have been times when they have had problems, but while not...

Good luck

I would just encourage caution. No offense intended, but you may have more confidence in your trading ability than warranted. You've been trading six months, and have already suffered a 30% drawdown of your account, and you've got no trading plan or strategy on how you intend to trade...

Could someone comment on the legality or ethics of a prop firm watching the orders and/or trades of one of their successful traders for the purpose of learning their strategy, then disseminating the (new and unique) trading strategy to other traders in order to increase trading volume at the...

I think that's a legitimate concern. I have heard similar horror stories of a trader's edge soon becoming the contents of a prop firms new training material. While it may help generate more commissions for the firm, it really sucks for the experienced traders with creative trading ideas being...