Another Florida event...

Quote from riskfreetrading:

You are an idiot. My point is that Bright may make money from commish, similar to a middle man between a prop trader and a broker/clearing.

What does a customer gets as added value that would justify the middleman role?
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I'm an idiot? LOL

You ask "what does a customer gets (sic) as added value that would justify the middleman role?" Well, in the prop world you get access to the firm's capital for one thing. And as far as I know ALL traders pay commissions, whether to Bright, other prop firms, IB, E*Trade, Fidelity or any other retail or direct access firm. It's part of doing business, both for the trader and the firm you trade through.

If you're so concerned about commissions and associated costs then you probably shouldn't trade. I've traded full time 13+ years and know that all traders incur costs. Why should I begrudge the firm I trade through making a few $$$$ via the commissions I generate. I'm happy to be able to make $$$$ and if a very small part goes to them so be it. All businesses have expenses. Which part of this do you apparently fail to comprehend?
 
Quote from riskfreetrading:

You are an idiot. My point is that Bright may make money from commish, similar to a middle man between a prop trader and a broker/clearing.

What does a customer gets as added value that would justify the middleman role?
More...

It would be one thing if Don were going around making claims (i.e. guarantees & secrets) like yourself, but he isn't.

riskfreetrading

Registered: Jan 2008
Posts: 3461


01-24-08 07:00 PM

I have a method to trade stocks/efts in which I am guaranteed to always to never do worst than my cost basis (not including commissions and bid-ask spreads). I cannot tell what it is as it may have monetary value beyond what can be shared in a forum.

Does others have similar secrets?

A little humility goes a long way in this business.
 
Quote from JCBLESS:

I have met all 3 in person. Stand up guys.
I met John Person, and Jake Bernstein in 2004 at the West Palm Beach Wealth Expo. I met Don Bright in 2009 at the Houston, Texas Seminar they hosted.

These 3 guys have been in the business for so long they are the experts in this sphere.

Word to the wise for attendee’s is listen, God gave you Two Ears, and one mouth for a reason, Listen and take notes, do not talk or ask too many questions, go there to learn and absorb as much as you can. Just Be Open to the flow of knowledge and wealth they have to offer well worth it. A steal for $49.


I would like to fly out there; just to join you all.
Alot of solid education.
If Mr. Weiss will consider it, may just do that.


JC


PS Don, Host an event with John and Jake here in Houston, I will market to the advisors and traders here, maybe later in the year, or after that one. I would like to see John and Jake again.

P.S.S Thanks again for hosting the event you did in Houston.
Food was great! It open my eyes to trading beyond what I had expected. Very empowering!
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Mr. Weiss is planning on being there...I'll double check and post it up.

I'll talk to Jake and John about Houston...we had fun there last time..and it was nice meeing you.

edit; I'm choosing to skip the flaming posts, just let it be said in front of the Regulators and everyone else that I "practice what I preach" as far as trading...having a "fair year" this year. Please realize that my brother is the "master trader" and has handled a good portion of my trading money in our family accounts. I don't have the benefit of trading all day due to the fact that handle much of the day to day running of the business, and take about 40 phone calls and 100 emails daily, and have over 400 on my Messenger list. I'm fortunate enough to not "have" to trade to make a living, but will likely never stop...I enjoy it.
And, yes, my "voice" learned a lot in those dozen year in the trading pit, LOL.

All the best to everyone...come join us if you can.

Don
 
Quote from riskfreetrading:

You are an idiot. My point is that Bright may make money from commish, similar to a middle man between a prop trader and a broker/clearing.

What does a customer gets as added value that would justify the middleman role?
More...

Well if it weren't for the opportunity these firms provide, I wouldn't be trading like I am. I think you need to have a bit more respect for what they're doing. Putting up leverage for prop traders isn't riskless......

Your attitude really sucks.
 
You have to give Don his props on running a biz. No question about that....Secondly its the safest prop firm to place your capital...But and this is where it become a bit offensive and arogant on his part , is his ranting about open orders and pair trading and how its the only strategy that traders can make money..I firmly agree that pairs trading is a viable and profitable strategy..But that open order nonsense went out the window about the time grasso was taken out in a body bag...Give it up Don, it dont work. too many quants know the griff and they play the other side.. again i give you full propers on the biz side and pairs trading...and hell when you put on these trader get togethers you get to drink and hook all over the country, tax deductable...more props.
 
Quote from Don Bright:

This is a little more retail and derivative oriented. Joining Jake Bernstein and John Person for an evening on June 23rd. Should be fun.

http://www.stocktrading.com/special2009.html

Followed the next night by a more intimate dinner with those who might want to meet with my my Miami traders (June 24th). More details on that coming soon...still picking the restaurant.

Hope to see some of you ET'ers again.....

Don
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Why would you pick these two ? They both are just a snake oil salesmen in my book. How many disciplinary actions were filed against them ? I am quite surprised by your association with these two.
 
Quote from riskfreetrading:

I asked Don how he is doing as a trader, he answered how bright trading is doing as a business! Bright trading should make money from commissions/othercharges to the customers who are traders.

Don: your non answer is an answer. One may assume that you mean that you do not trade, or that if you trade you would not say what your record is.

I think you are a good salesman. As for trading, I do not know as I do not have the facts, but my inclination is that if I were to assess you based on what I have read is that I would be surprised if you are above the average of your own customers. If it is the case, you are charging people who are better than yourself?

I think your educational background seems to come from an area where talking and arguing is the most important determinent to success. I would not be surprised if you got some real low grades in math/sciences if you ever took classes in these areas. In other words, you may lack rigor, but your throat maybe strong because of a lot of talking.
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You yourself have a website, and at least at one point in the past you hoped to make money from it off traders. How have you done trading?
 
Quote from riskfreetrading:


What does a customer gets as added value that would justify the middleman role?
More...

Well for one thing it's impossible to access the market without one. Now I suppose that for most traders that's actually not a value added, and in fact they would be better off without it. That not withstanding, it's not possible for you to (hopefully) make any profit without the middle man is it?
 
Quote from Don Bright:

This is a little more retail and derivative oriented. Joining Jake Bernstein and John Person for an evening on June 23rd. Should be fun.

http://www.stocktrading.com/special2009.html

Followed the next night by a more intimate dinner with those who might want to meet with my my Miami traders (June 24th). More details on that coming soon...still picking the restaurant.

Hope to see some of you ET'ers again.....

Don
More...
I'd be interested in the dinner on June 24th. Could you please post the information here once you have a restaurant? Thanks.
 
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