Bright Trade
- Thread starter trader29
- Start date
don i got to correct you. you're telling me guys doing 1-2 mil vol a day at echo or hold are paying .007 for the first 1k vol and .004 for everthing over. that couldn't be further from the facts.there's barely a person on this board paying .007 for anything and i assure you if you know what you're doing you can get .003 for 1 mil,an office and basically unlimited intraday leverage with 10k down. anyone traders on here wish to say if .007 for the first 1k is the going rate?
Quote from stereo70:
DHOHHI wrote:
They continually work at those small incremental improvements.
Apparently you don't golf.
Wrong. Do you know what a "scratch" golfer is? I'm no longer playing scratch but can still play pretty well. It's the small incremental changes to your swing that get you from a 3 handicap to scratch. And for the pros it's the small changes that get them from top 125 on the money list to winning a couple tournamants a year. Trading can be similar in that small changes can produce big results to the bottom line.
DHHOI wrote:
Thank you for the insight. This speaks to the commentary on the commission structure at Bright.
Re: golf -- sounds like you're pretty good. I only started b/c I hurt my arm playing tennis. I've found that I get along better w/ tennis players more than golfers; maybe that's our problem.
Thank you for the insight. This speaks to the commentary on the commission structure at Bright.
Re: golf -- sounds like you're pretty good. I only started b/c I hurt my arm playing tennis. I've found that I get along better w/ tennis players more than golfers; maybe that's our problem.
And some who work on making the small changes still don't make it.
On a flight in the late 90's I sat next to a Senior PGA pro (a rookie--a TX oilman who made it even though he never played on the regular tour). He had just played in an event in Coon Rapids, MN, coming in last place; his playing partner in the final round was Arnold Palmer. He said that he spent forty hours a week just on chipping and putting (plus spending weekends on tour). Despite all that work, plus all the years before, his first year was his last.
If trading is like golf, then hard work and attention to detail might not be enough to make it to the top. All pros practice; all pros work hard; all pros try to learn all they can; all pros think they can succeed.
But few do.
Now come on, do you really think that our guys who trade 1-2 million shares a day pay .007? Of course not...as I've said many times...rates are a variable, based on volume, capital needed, proftiability (need to keep those accounts in the black)..... my point is just that the "returnees" keep me fully informed about rates elsewhere (they try to "low ball" a bit at first, LOL - can't blame them)...and when we consider everything..they come back (for the most part, there may be some "sweetheart deals" still in effect).
All the best,
Don
I just set another trader up on ET last week using my niece's computer.....and then borrowed my nieces laptop for my trip to France..so, if you happen to see a response from kbeck with my name at the end, that's what happened. I try to get new people on ET, and was using this as an example.
Still "no alias" on my part, LOL.
Don