Bright Trade
- Thread starter trader29
- Start date
Hmmm? Let's see, how shall I respond to this. Perhaps I can judge "current market conditions" based on overseeing a few billion shares being traded by hundreds of traders, 26 years experience, constant chatting with my brother who is one of the best traders ever, chatting with NYSE Specialists, having access to a whole boatload of research data at my fingertips (there are a lot of traders doing a lot of research to help with their trading) shall I go on?. I have discussed and debated with some of the best...and anyone in the market knows full well that NoOne "knows anything for sure".
To anyone else reading this, please understand that I realize this may come off as a bit strong and self serving, for that I apologize. As usual, I simply try to answer questions
My comments reference what I think, and are editorial in nature (as is everything on a chat board, not much "hard news" here, LOL).
And, since our "business model" has been modified over the decades (going back to the floor, of course), I don't see it to be pigeionholed at all, therefore how could I "pideonhole" anything to fit an ever changing business? Bright Traders "write their own business plan, pick their trading style, all we do is try to direct them to what is working currently. How can I tell what's working? I see around 500 account balance everyday...doesn't that make sense?
I'm sincerely sorry that you may have had a bad experience, there have been a handful of the last 15 years...we can't please everyone, and there have been a few who have had to be dismissed for cause who keep trying to muddy the waters (not saying you are part of either group, just commenting so that the newer members of ET have a better understanding of some of these posts.
As for me making a comment to my remote manager, I'm really sorry, but come on, I always try to keep things light when I can.
As far as "safe" goes, I obviously mean in relationship to non-dollar neutral trading or investing in stocks...and I'm sure the regulators know this full well. Not many business ventures in general that could be classified as safe, IMO.
Someone else started this thread, and since my name is on it, I thought I would participate. If my comments bother you, I think there is still a "ignore" button that works here on ET. No need for continued animosity here...the adults can sift through these posts pretty well (I've noticed over the years).
All the best,
Don
(Once again, sorry for the long post everyone).
don you've been around 15 years are so. what % of traders with bright who start are there lets say 3 years later? also since it's not about 1 trader what does the avg bright trader "net" per year after all expenses?i'm sure you have all this info at your fingertips but i'm not so sure you'd want to tell us as i'm sure it ain't pretty
As reported here many times, our report to the regulators. First off, trading is a business, and 90% of all business ventures fail, usually in the first year. We tend to lose only about 50% (for various reasons, sometimes money, sometimes they find that trading is just not for them). We may lose another 10% or so the next year. These numbers have been posted here many times.
Since no other Firm has ever even come close to posting any data similar to this, I feel that I should wait for your Firm (or other B/D's), to at least post what I have above (for comparison purpose, actually I would welcome that).
As far as profits, it ranges from losses to over a $million this year to date. Traders wouldn't continue to trade year after year if they weren't net profitable. We do what we can to help, and provide capital and services, but we can't be responsible for everyone's results. I figure if they're going to trade anyway, and want to learn the business based on reality, then we may as well give them the best tools to use.
A Subway franchise, a Legal practice, a paper route, any business is rhe responsibility of the person running it..and our traders are an independent type.
I say that there are very few business ventures with a virtually unlimited upside, and a defined, limited downside...and trading is simply not for everyone...some just will never "get it" - and I'm sorry, but it's surely not our fault.
I never did get a website for that other Firm from anyone? Caliber or something?
Don
I am taking a guess, but I found Caliber Financial when doing a google search.
http://www.caliberfinancial.com/
http://www.caliberfinancial.com/
OK, thanks...I see they are a sub-LLC of Hold Brothers Online.. no need to introduce myself the them.
Thanks anyway,
Don