Quote from NY0BScalper:
I don't know about Eric but my parents dropped me as a baby.
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It is clear that very few of those who have been with Don for 5 + years are making more than a McDonalds worker, so when he sells using the longevity angle, without backing it up by mentioning success rates, it's just another sleezy sales tactic.
Now back to watching my positions...
quote from Maverick74
But I will say this about Don, he and his brother have been around for 30 years. That says a lot. I have been in this business for 10 years and I can tell you right now, I can count on one hand how many people I have met in this business that I felt were honest people.
Quote from yobo:
Interesting thread...pretty clear that people don't really have anything bad to say about Bright other than possibly the rate structure.
So here's the question, if you are a prop trader or looking to go prop and have a series 7, which firms should one consider and do due diligence on other than Bright, especially if you want to be remote?
Quote from timcar:
Have to agree with maverick74 on this one. Don Bright of BRIGHT TRADING does pump his firm quite a lot on this board. However, he answers questions and has open discussions about the entire PROP TRADING industry in general. No one else from any of the other firms mention here (ECHO, GENESIS or ASSENT) has someone who appears on this board or else where and will debate traders about various issues in PROP world.
Does this make BRIGHT TRADING a more solid/stable firm than others? not always
What it does give BRIGHT is a spokesmanâs and a face others can associate with. With which experienced traders looking to possibly change firms and for newbieâs looking to join the industry a chance at least to have a discussion about issues concerning PROP trading they might have.
With the higher rates BRIGHT charges guess they are able to maintain a marketing department and a spokesman where the lower rates firms cannot.
Quote from timcar:
No one else from any of the other firms mention here (ECHO, GENNESSI or ASSENT) has someone who appears on this board or else where and will debate traders about various issues in PROP world.
Quote from UDon'tKnowMe:
Assent and Genesis can't come on here posting like Don because both are members of FINRA and have much stricter compliance than an exchange BD like Bright. That is one of the main reasons you don't see other firms on here hyping and spinning their firm like Don does, because they are more regulated than Bright.
Quote from DHOHHI:
Both IB and MB Trading have a presence here, answering questions, etc. and they're both members of FINRA. So that kind of blows your theory on why Assent and Genesis can't post here.