? about Bright Trading

Sky123987 · Jul 22, 2008

If you are paired up how much leverage do you give overnight?

NY_HOOD · Jul 23, 2008

Don is called "the most generous man in trading".if you look very closely at a pictute of "the last supper" with jesus; don is in the background.

Don Bright · Jul 23, 2008

Quote from Sky123987:

If you are paired up how much leverage do you give overnight?

We tend to slow traders down at around 30 to one. Some us more of course.

Haircut may apply.

up to 6 times your equity, no haircut

If you use 12 times, then you pay 1% per year. It scales up to around 3.75 at 30 to one approx.

"Bless you my son" LOL (I am .......)

Don

NY_HOOD · Jul 23, 2008

i love ya don, you have a sense of humor.

Don Bright · Jul 23, 2008

Quote from NY_HOOD:

i love ya don, you have a sense of humor.

Thanks, can't take life too seriously or you go nuts, especially traders it seems.

Don

jammy page · Jul 23, 2008

How much naked intraday leverage is available at Bright?

Don Bright · Jul 23, 2008

Quote from jammy page:

How much naked intraday leverage is available at Bright?

We don't really track it in terms of xx times equity...we just ask to keep it reasonable. Brand new people are asked to keep it to 5000 shares per stock, 10,000 total to begin with.

10,000 x average price of $50.00 about half million with 20 grand, often times more.

Don

Sky123987 · Jul 23, 2008

Quote from Don Bright:

We tend to slow traders down at around 30 to one. Some us more of course.

Haircut may apply.

up to 6 times your equity, no haircut

If you use 12 times, then you pay 1% per year. It scales up to around 3.75 at 30 to one approx.

"Bless you my son" LOL (I am .......)

Don

geez. That sure beat any firm hands down