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I believe they are based out of Vegas and require $25K contribution. Not to sure what their rates are (1 cent???). I don't know of anyone on this board that trades with them other than the owner and Rich Kenny.

Ok Drectified, time to spill your guts. What's latest insider info at ETG? What are they charging per share etc., payouts. How do the new incoming traders do? How long do they give them? What are guys netting after a year or so?

You are out line talking to Don like that. If you don't understand professional leverage, than that's your problem. Real traders deal in $$$ earned. Investors and academics deal in % returns. By slamming him, do you think he is going to offer you any advice? FYI, he's probably answered...

Don or Lescor, Do you guys ever wait for the stock to open, drift further away from the gap, then get in to avoid getting shaken out?

Every time I've been to the Rio there has been a huge line-up at the Voodoo.

I'm there!

Neovest First Alert. http://www.neovest.com/

Hmmm, You accuse me of making false claims, yet in the same post admit to deleting a couple of posts (coincidentally the exact posts I was referring to). Anyway, I'm willing to let it go. I'm tired of arguing with everybody. Let this die. Have a good weekend everone.

Wow! I can't believe how many posts were deleted and edited. What's up with that Moderator?

This is exactly my point. If a trader puts up a few thousand and is trading large positions, then gets whipsawed out of a trade and loses his bank++, what is he supposed to do? Quit trading because one bad trade. Huh? What do you mean? Of course you were going to say this. But in the...

It's 27.5 cents per fill now? And no, its not a fair deal for everyone involved.

Well, they WERE two of the best deals available. Now IMHO, its probably one of the worst. If a trader has to risk 100% of his own money to make 50%, then that's a statisically bad trade. Initially, your no money down, no commission, 35% payout was a very good deal. And then your 55 cents...

But there is a cost....$0.55 per fill + SEC fees, bullets, etc. check out; http://www.elitetrader.com/vb/showthread.php?s=&threadid=20197&perpage=10&pagenumber=5

LOL!

The new deal is you pay 55 cents per fill (not per share). You are also charged/credited all passthroughs. The payout has been bumped up to 50% (net of costs) from the 1st dollar earned each month. BUT, all traders now have maintain a "bank" and 100% of all losses are charged to the...

I know some Bright guys that have been with them for awhile but still trade suprisingly small volume (200 - 400 share lots, 25 trades a day) and Bright only charges them $0.005 per share. I was pretty impressed by that rate. I guess Don does have a heart!:)

Yeah, what's up with Echo??? I was actually contemplating joining.

Just curious, what kind of "real" job does an ex-pit trader take? :)

Are things really that grim in the pits that every trader is bailing looking for other work???

Bright Trading "Inc." used to allow/suggest their traders to join as a corporation. But when they changed to Bright Trading "LLC" they forced their traders to join as individuals. I know a lot of traders were f$%#ing pissed about that. My guess is that it had to do with the Bright brothers...