Dude...pull your head out...Don is salesman....nothing more nothing less.
Bright trading and any thoughts
- Thread starter tango29
- Start date
Like I said and will say again...Don is a gentleman. Everyone is fully aware that he is a salesman... therefore you are stating the obvious.
What? salesman cant be cordial and informative? Even a used car salesman can be a decent human being. Whats wrong with sales anyway? Most of the world revolves around somebody selling something to somebody else or buying something.
As a trader, you should be familiar with that. The great thing is I dont have to pursuade or convince anyone... I simply hit the buy or sell button when I think its the right time.
Your kind of reply to me is exactly the kind of reason many newbies dont even bother to post a question..."dude pull your head out"... was rather unnessary language and disrespectful. Though I posted on this forum with full awareness that someone like you might come along sooner or later. Its inevitable and not unexpected but unlike other newbies...it does not deter me from posting. People can learn from others and people do change.
I hope you change. Peace.
Yawn.....
You guys make him sound like he's Ashley DuPree.
He is going to make his case for his firm. Duh! You seen pictures of Bob? Bob would kick his ass if he was pitching for Echo.
I enjoy his posts. He's well heeled,has a good organization, and he's proud of it. If you don't want to go there, don't. But geeze, the grief he takes is uncalled for. If you don't agree with him, make the point. But on these boards, a guy makes point after point, and somebody goes, "Well, yeah. What about this?."
I'm hearing stories about guys going to work in a bunch of industries and the place is padlocked. I've seen the biggest scumbags in the world in the brokerage industry. I should put some of them here. In retrospect, they are hilarious. But I want to now I can trust management. Can you ever, really know? Probably not. But I dont' want to stay up at night wondering what they're doing behind closed doors. Call me crazy.
He is going to make his case for his firm. Duh! You seen pictures of Bob? Bob would kick his ass if he was pitching for Echo.
I enjoy his posts. He's well heeled,has a good organization, and he's proud of it. If you don't want to go there, don't. But geeze, the grief he takes is uncalled for. If you don't agree with him, make the point. But on these boards, a guy makes point after point, and somebody goes, "Well, yeah. What about this?."
I'm hearing stories about guys going to work in a bunch of industries and the place is padlocked. I've seen the biggest scumbags in the world in the brokerage industry. I should put some of them here. In retrospect, they are hilarious. But I want to now I can trust management. Can you ever, really know? Probably not. But I dont' want to stay up at night wondering what they're doing behind closed doors. Call me crazy.
Well, for you guys old enough to remember Ronald Reagan .. "Well, here you go again" LOL.
Regarding the numbers quoted. I simply took a reasonable number based on limited information given.
Regarding Bright Trading's structure. I can honestly say that no one on this board knows how the structure is set up. We've had a family business since 1978, in various incarnations and arrangements, all for various reasons.
Regarding "spin" - I don't see any real reason to spin much, since everything is pretty much out in the open. I don't see much from other firms on here anyway.
Regarding pricing. Some of you understand perfectly, some don't. Even Bright has limited capacity (at some point), so we can be a little more selective when bringing on new or returning people. I think our 20 million share per month traders are pretty happy.
And, things are constantly changing in this arena, there are no "absolutes."
And, yes, I will keep smiling and do my best to filter out what some may perceive as insulting remarks. No sense in getting my blood pressure up for no reason, my life is pretty good. Nice family, lovely grandkids, pretty successful and fulfilled. 90% of you guys, both posters and "lurkers" are very supportive, and I really appreciate your nice comments.
Trade well everyone!
Don
Regarding the numbers quoted. I simply took a reasonable number based on limited information given.
Regarding Bright Trading's structure. I can honestly say that no one on this board knows how the structure is set up. We've had a family business since 1978, in various incarnations and arrangements, all for various reasons.
Regarding "spin" - I don't see any real reason to spin much, since everything is pretty much out in the open. I don't see much from other firms on here anyway.
Regarding pricing. Some of you understand perfectly, some don't. Even Bright has limited capacity (at some point), so we can be a little more selective when bringing on new or returning people. I think our 20 million share per month traders are pretty happy.
And, things are constantly changing in this arena, there are no "absolutes."
And, yes, I will keep smiling and do my best to filter out what some may perceive as insulting remarks. No sense in getting my blood pressure up for no reason, my life is pretty good. Nice family, lovely grandkids, pretty successful and fulfilled. 90% of you guys, both posters and "lurkers" are very supportive, and I really appreciate your nice comments.
Trade well everyone!
Don
Quote from flytiger:
.......afraid of Bob, aren't you? Kicked your butt when you were kids, didn't he?
It's ok. You turned out alright.
LOL...not too worried, good to have an older brother. Thanks!
Don
Don, this couldn't be farther from the truth. If you had, in fact, used "reasonable number(s) based upon limited information" then I would not have commented at all. Instead, let's review what you did:
UDon'tKnowMe started the discussion with the following statements:
A "reasonable" assumption would be that the traders in question must do sufficient trading volume and carry sufficient overnight positions to generate $300k in annual savings from the lower prices they got at Echo, versus Bright. In fact, this is explicitly what is stated.
If this seemed unlikely, a reasonable request would be ask for more information, such as the traders typical overnight exposure or trading volume, to result in such an apparently large savings. Intead, this is how you responded:
Hmmm, why on earth would you fabricate numbers in order to suggest that UDon'tKnowMe was either ill informed or lying about what his friends were savings? UDon'tKnowMe never said that his friends were trading 2 million shares per month. He never said they carried $1M in overnight balances or had a deposit of $30k. You made up all these numbers to reach your desired conclusion:
"I doubt my friends at Echo are paying people to trade. I'm not questioning that someone may have said something like that, just have to question the real numbers."
Well, no wonder. We all question the numbers, Don, since they were <b>your</b> numbers that you created to make the $300k per year savings at Echo look impossible.
UDon'tKnowMe has since provided the real numbers, to replace those that you created from thin air:
...and you have been eerily silent in reponse to those numbers.
I think with things being so much 'out in the open', it just makes the job of spinner that much more difficult and risky. It just becomes too easy to be caught up in misrepresentations. You didn't happen to be ducking sniper fire on the Bosnian runway with Hillary 12 years ago?
For what it's worth, I've got no 'axe to grind'. Just trying to correct obvious misstatements and misreprentations when I see them. That said, I know I'll encounter some insults for providing this clarity for the benefit of others here on ET.
Eric,
I know you from the Daytrading thread on SI. I find it interesting that you seem to have some vendetta with Bright. You almost seem obsessed with wanting to nitpick everything Don posts. Such behavior is very different than your more laid back easygoing self on SI. He conjectured on what a poster wrote, based on what he read. Bright is a sponsor here; Don replies to questions, provides information. Sure he's looking to recruit traders, it's part of his function. Nowhere have I ever seen him post they're the lowest commission firm out there. Nor has he posted they're the only option for traders. But it is interesting that he's forthcoming with info and no other firms have a presence here divulging similar info.
I trade retail, never had a need to go prop as I was well capitalized before I ventured out to trade 12 years ago. I don't trade with the cheapest firm out there because I value the whole package. So if you, and others, have better rates than what you think you'd get with Bright that's great. But I'd bet some of you guys are merely conjecturing on what you'd pay. I know you do a lot of volume everyday. Have you ever sat down and talked to Bright to see what you'd pay there? Bright seemingly offers more that some other prop firms and nothing is free in life. You get what you pay for. Look at the Tuco guys today. Bright has been around a lot longer than most of the other firms they're competing with today. And I suspect Bright, having been successful over the years, can be more selective at times with traders and rates. Any trader can negotiate rates.
I do admire Don for putting up with so much crap from posters. Bright isn't the best option for all traders. But they've obviously done some things right given their longevity. And I'm certain a lot of their competitors would love to emulate their success.
I know you from the Daytrading thread on SI. I find it interesting that you seem to have some vendetta with Bright. You almost seem obsessed with wanting to nitpick everything Don posts. Such behavior is very different than your more laid back easygoing self on SI. He conjectured on what a poster wrote, based on what he read. Bright is a sponsor here; Don replies to questions, provides information. Sure he's looking to recruit traders, it's part of his function. Nowhere have I ever seen him post they're the lowest commission firm out there. Nor has he posted they're the only option for traders. But it is interesting that he's forthcoming with info and no other firms have a presence here divulging similar info.
I trade retail, never had a need to go prop as I was well capitalized before I ventured out to trade 12 years ago. I don't trade with the cheapest firm out there because I value the whole package. So if you, and others, have better rates than what you think you'd get with Bright that's great. But I'd bet some of you guys are merely conjecturing on what you'd pay. I know you do a lot of volume everyday. Have you ever sat down and talked to Bright to see what you'd pay there? Bright seemingly offers more that some other prop firms and nothing is free in life. You get what you pay for. Look at the Tuco guys today. Bright has been around a lot longer than most of the other firms they're competing with today. And I suspect Bright, having been successful over the years, can be more selective at times with traders and rates. Any trader can negotiate rates.
I do admire Don for putting up with so much crap from posters. Bright isn't the best option for all traders. But they've obviously done some things right given their longevity. And I'm certain a lot of their competitors would love to emulate their success.