We can certainly tailor the course to fit the student level. Send email to: don@stocktrading.com.
Don
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Bright Trade
- Thread starter trader29
- Start date
We can certainly tailor the course to fit the student level. Send email to: don@stocktrading.com.
Don
Quote from goldenarm:
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.
__________________________
Based on the stringent criteria required to become a Bright Trader, it appears the guy in the pic is a shoo-in!
I really don't quite understand your point here .... do you not think that the trading business should be open to all who want to go through training and licensing? Do you not think that your career has value and is a good fit for you? The entrepreneural spirit is alive and well, and I thnik all the successful traders, as yourself, should encourage others....I love trading. There are no locks on the doors, no enslavement going on here....just a pretty darn good group of traders trading. And, yes...breathing is a requirement...and as a public entity, we cannot discriminate....
Some start, some go elsewhere, quite a few have come back... this is not a difficult concept. Bob and my offices are always open to our traders, and those who would like to become traders. No "guns to the heads" - and, yes, I even talk about ET to the new people (maybe to my own detriment at times, but we certainly have nothing to hide, and a lot to be proud of).
(I'm sorry if this sounds "defensive" or anything... just carrying on a conversation of sorts....not a big deal).
All the best,
Don (waiting for the market to make up it's mind...good scalping for a change, but a bit hard to read today, eh?)
What I am trying to say is that perhaps Bright is really two companies - those that come in through Don and his marketing efforts to people that should never step into the trading career path because they don't stand a chance in hell (probably the company you see), and those that end up trading at Bright seem to leave Don's supervision and try to align themselves with Bob and his kin as soon as possible - I claim that is the company you don't see, and those traders get as good a deal as anywhere else.
I think this gets to the cruxt of it. I have nothing but respect for Bob. It's important to remember that w/out Bob, Don would probably never have traded. If only we could be so lucky to have a mentor like Bob Bright...but that is breathing rarified air (seriously). I don't think he suffers fools as well as Don (not a cut, just an observation).
The question I had to ask myself was: What would Bob Bright do if he was starting over in the current market? I don't think the answer is: Join a prop group. He's a big proponent of "Reminiscences..." and I think there is some conflict between the thematic content of that book, and what is put forth by Don sometimes.
That's all...none of this should be construed as offensive. If a trader isn't hyper-critical (and I mean in the academic sense) of everything...it begs the question
Quote from stereo70:
I think this gets to the cruxt of it. I have nothing but respect for Bob. It's important to remember that w/out Bob, Don would probably never have traded. If only we could be so lucky to have a mentor like Bob Bright...but that is breathing rarified air (seriously). I don't think he suffers fools as well as Don (not a cut, just an observation).
The question I had to ask myself was: What would Bob Bright do if he was starting over in the current market? I don't think the answer is: Join a prop group. He's a big proponent of "Reminiscences..." and I think there is some conflict between the thematic content of that book, and what is put forth by Don sometimes.
That's all...none of this should be construed as offensive. If a trader isn't hyper-critical (and I mean in the academic sense) of everything...it begs the question
I have to agree about the "rarified air" of hanging with my brother...and yet, believe it or not, the combination of our efforts seems to have paid off well for the entire family and our "family of traders".
As far as joining a prop group today (Bob says)... "it would depend whether I had enough money to buy a seat on the exchange, and set up private clearing" - basically, if you have enough money to begin with then sure, you should go straight to the exchange, if not, prop is a viable alternative. The interest you would save on the the cost of the membership would more than pay any little "markup" from GS to BT.
I have heard my brother suggest to dozens of potential traders to "get a job at an exchange, make friends, get backed, move up the ladder" or "buy a seat, fund yourself".... We just offer an alternative.
I appreciate the comments, my ego and sense of humor are intact, and I wish you all well.
Don
allright, mr don.
thanks for your input. i want to park my series 7 somewhere, so i will get around to ur firm in the near future. thanks for all of ur time and patience. i just want to be with a firm that doesnt blow up with my hard earned capital, so i will give ur firm a try soon. i will post other questions when i think of them. talk to ya later.
thanks for your input. i want to park my series 7 somewhere, so i will get around to ur firm in the near future. thanks for all of ur time and patience. i just want to be with a firm that doesnt blow up with my hard earned capital, so i will give ur firm a try soon. i will post other questions when i think of them. talk to ya later.
As far as joining a prop group today (Bob says)... "it would depend whether I had enough money to buy a seat on the exchange, and set up private clearing" - basically, if you have enough money to begin with then sure, you should go straight to the exchange, if not, prop is a viable alternative. The interest you would save on the the cost of the membership would more than pay any little "markup" from GS to BT.
I think this is a little of "looking in the rear view mirror".
Let's be real: Bob made a good part of his fortune (initially) using computer-aided options models. Is this incorrect? That's a far cry from scalping stocks, which he then did when the edge was huge. Opening a stock trading firm, and being correct on the timing of said venture, was another genius move on his part.
Don, you play poker. You know that one of the goals is to extract information from you opponents. Sometimes this reminds me of someone laying their hand down and then telling you they had such and such cards. The cards are on the table, but they are not TRULY visible.
Quote from stereo70:
I think this is a little of "looking in the rear view mirror".
Let's be real: Bob made a good part of his fortune (initially) using computer-aided options models. Is this incorrect? That's a far cry from scalping stocks, which he then did when the edge was huge. Opening a stock trading firm, and being correct on the timing of said venture, was another genius move on his part.
Don, you play poker. You know that one of the goals is to extract information from you opponents. Sometimes this reminds me of someone laying their hand down and then telling you they had such and such cards. The cards are on the table, but they are not TRULY visible.
Hmmm? We may be getting a bit abstract here...remember, the first few $million came from blackjack, then to (yes) options strategies with Blair Hull and crew's "Options Research" - then we started clearing and executing our own stock on the exchange floor, then Bob went to Chicago (CBOE/CME), I stayed in Calif....we both stopped trading....he started again with Eddie Franco, and added others who needed capital and to benefit from the "economies of scale" based on larger share volume with SLK/GS. That's about when I came back into the business because we thought that the "newbies" who were using our money to trade with needed help (and boy did they back then, LOL).....
Pretty transparent in my mind....I can't change the past, what "is" - "is". We've all made good money trading over the years, and have never stopped trading even though the business does take quite a bit of our time.
All this is public knowledge, nothing fancy, nothing new. You don't need to "extract knowledge" from me, and I certainly don't consider anyone here an "opponent".
Don
Quote from Don Bright:
[BDon (waiting for the market to make up it's mind...good scalping for a change, but a bit hard to read today, eh?) [/B]
hey mr don
having trouble reading markets today? i have an indicator that works pretty well to let you know when stock and/or market has bottomed or topped. its the external RSI. pretty handy if u ever want to try it. works well for me. just match RSIx of stock to market's RSIx. if they match up, ur good to go. if they don't match up, don't trade the stock. RSIx is better than other RSI indicators in my opinion. hard to tell bottom and top in fast markets tho, but it doesn't matter to me since i hedge with options.
anyway, just tryin to help.