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Hey! I like the idea of a get together, but how about we take it to neutral ground. I really don't feel like being surrounded by a sales pitch for Bright Trading! How about a place like the hotel bar. That way it's close, comfortable, and on neutral ground. And it has the added benefit of...

Just a screen name.:D

OK... er... ummm... speaking softly here because I don't want to get in the crossfire between Don and GHansen. Don, does this mean that right now, if a Bright trader were to make $1000 profit today, he could take out that entire $1000 without Bright holding back $250?

Go ahead and call him... his number is on the ads at the top of the thread pages <g>.

The thread is titled with a question: "% of traders profitable at pro firms?" Well, that answer depends: What do you consider profitable? If someone nets $1000 in a year, that can be considered profitable and meet the title of this thread. But I wouldn't consider that profitable. For some...

I really don't understand why you hold 25% of the profits that a trader takes out. I've read your other posts that say it's for the trader's own good so he'll have money left to pay taxes. I've been in business for myself for many years and have never had to scrounge to pay taxes. I take...

Does Echotrade provide a way to enter trades with a computer program. I mean using an API link or something?

Is it true that Echo doesn't charge a haircut fee? Also, I understand that Bright holds 25% of your profits until the end of the year. They say that they are required to do that by the SEC or someone like that. Is Echo not under the same restrictions?

Regardless of which firm you trade with, I recommend you keep your account balance at the absolute minimum. No matter how solid a firm is, disaster can strike (ie Baron's). If the firm has a 10K minimum, then look at what you might expect your worst run or drawdown to be... say maybe...

I don't think you can make a judgement on education alone. I've seen many traders on both sides of the fence - heavily educated (formal) and little formal education. Both do well, and both fail miserably. First, I think that people that have it drilled into them that they MUST be right...