Bright Trade

optionzztrader · Jun 6, 2006

Okay Mr Bright
I am asking again. Does Bright allow options trading? Thanks.

TheCaracal · Jun 6, 2006

Quote from optionzztrader:

Okay Mr Bright
I am asking again. Does Bright allow options trading? Thanks.

Yes.

Don Bright · Jun 6, 2006

Quote from optionzztrader:

Okay Mr Bright
I am asking again. Does Bright allow options trading? Thanks.

The answer above is correct, but with a couple of caveats. We have always allowed traders to buy up to 25% of their account value of calls and puts. We allow 1 short to 100 shares for qualified traders (a short verbal test and standard account balance).

We are hoping to get more derivatives going with the Euronext merger...and while I'm visiting the "big wheels" in Paris next week, I will do some basic fact finding.

Don

BTW, I want to thank the people who sent PM's asking about how to get involved in teaching at their local colleges. I encourage anyone who wants to get involved in helping out their community, and will be glad to share course outlines and materials. Send email to: don@stocktrading.com

riskarb · Jun 6, 2006

Quote from Don Bright:

We allow 1 short to 100 shares for qualified traders (a short verbal test and standard account balance).

Cash-secured, but based-upon equity haircut?

smilingsynic · Jun 6, 2006

Quote from Maverick74:

If that is true then they are definitely churning. Although that number seems very low. If their best guys are only making .02 a share, they are marginally profitable at best.

How does 2 cents a share compare with the best stock traders out there?

Is that high, or low, or somewhere in the middle?

2 cents might sound like pocket change (actually, it is), but that adds up to 20K every million shares.

stereo70 · Jun 6, 2006

I'm glad that you guys are content with whoever you're trading with....After nearly 30 years in the industry I've learned that it's really a good idea to keep friendly and respectful with everyone involved, from clerks to CEO's...you never know who's going to be working for/with whom.

I agree. After 7 years waiting tables, I learned to be respectful to everyone from the host to the dishwasher (basically so my food won't get spit in). When in Vegas the Bright's took us out to breakfast and I've never seen anyone berate a host/busperson like Bob Bright did. Relax a bit, Don. Still coming across defensive/aggressive.

... you might notice that I have done my best to help those who ask without caring where they clear or who they trade with.

I paid you $1000 already for my "continuing education"...so you've never helped me for free

(Not sure what kind of "marketing quip" to insert here, and I certainly don't want to annoy anyone, so bye for now).

how about this one:

Perhaps some of you can join us for our retreat coming in October...have a little "inter - firm" fun, golf, poker etc. And, btw, there is no "profit" in this venture for BT.....(figured I better point that out up front, save you guys a bunch of typing, LOL).

riskarb · Jun 6, 2006

Don, this cat will be stopping by with "product" in exchange for one of these sweetheart "$0.125" deals. Plase hook him up, thanks.

kbeck · Jun 6, 2006

Quote from Don Bright:

The answer above is correct, but with a couple of caveats. We have always allowed traders to buy up to 25% of their account value of calls and puts. We allow 1 short to 100 shares for qualified traders (a short verbal test and standard account balance).

We are hoping to get more derivatives going with the Euronext merger...and while I'm visiting the "big wheels" in Paris next week, I will do some basic fact finding.

Don

BTW, I want to thank the people who sent PM's asking about how to get involved in teaching at their local colleges. I encourage anyone who wants to get involved in helping out their community, and will be glad to share course outlines and materials. Send email to: don@stocktrading.com

I'm new to trading, but am going to have to do some student teaching upon graduation. Is this material basic enough for brand new students?

Kevin

riskarb · Jun 6, 2006

Quote from kbeck:

I'm new to trading, but am going to have to do some student teaching upon graduation. Is this material basic enough for brand new students?

Kevin

goldenarm · Jun 6, 2006

Trading firm to open doors to new people

By JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL 3/11/04

Las Vegas-based Bright Trading is offering young workers -- including some as young as high school seniors -- an opportunity to learn the stock trading business using the firm's money.

"You have to be breathing and have an interest in the market," Don Bright said of the people the firm expects to pick for its training program.
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Based on the stringent criteria required to become a Bright Trader, it appears the guy in the pic is a shoo-in!