"Bright Trading"

Originally posted by Don Bright


You will be able to pick up your BT shirt in our office in Las Vegas, come on by (we have a few new ones left, or else I can give you one of mine, with an "autograph" on it...:-) :-)
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are yours previously worn? do they have your personal scent? is it the smell of money? will it enable those who wear it to get swarmed by all the hot babes in the singles bars? will it get you "comped" at the Olympic Gardens for a lapdance? will it get me a fast marker at the Venetian? or better yet, will it take my markers down??
:) :) :)
 
Originally posted by OPTIONAL777
What are you talking about? Don's a PAID sponser, nothing free about it. He's got every right to advertise his biz.

So, a paid sponsor has the right to pump his business here?

Does that mean anyone can pump their business here?
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No.
 
I have spent some time on this thread for the last couple days, this is my first posting but i wasn't sure this was the right place to start asking my questions, so i started a new thread, so as not to muck up the quality of conversation in this area.........hmm

anyway, its entitled Proprietary/options ecn and it seems there are lots of experienced prop/ecn traders here. was hoping for some input on where might be a good place for me to trade.

I would be interested especially to hear from Don as I would hope Bright Trading has a place they might refer active options traders to? The Bright rep I talked to said they have traders that also trade options at a different firm and trade their stock with Bright, but as far as margin requirements and risk management for the trade supervisors it would seem counterproductive to trade at more than one place. Also, I would prefer a remote setup as i live in the boonies.

Thanx for your time guys.
 
Originally posted by POSMENTUDE
I have spent some time on this thread for the last couple days, this is my first posting but i wasn't sure this was the right place to start asking my questions, so i started a new thread, so as not to muck up the quality of conversation in this area.........hmm

anyway, its entitled Proprietary/options ecn and it seems there are lots of experienced prop/ecn traders here. was hoping for some input on where might be a good place for me to trade.

I would be interested especially to hear from Don as I would hope Bright Trading has a place they might refer active options traders to? The Bright rep I talked to said they have traders that also trade options at a different firm and trade their stock with Bright, but as far as margin requirements and risk management for the trade supervisors it would seem counterproductive to trade at more than one place. Also, I would prefer a remote setup as i live in the boonies.

Thanx for your time guys.
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Hi....our traders can buy up to 25% of their account value of options, if they wish. We really don't encourage options trading (off the floor anyway), and haven't bothered getting set up with good pricing and exectution at this time. If and when we find that there is a better "quantifiable edge" than trading the underlying (which we do provide the additional capital for), we may do so. As for now, you might check with "Preferred" (in San Francisco)......

Don
 
Originally posted by OPTIONAL777
So, a paid sponsor has the right to pump his business here?

Does that mean anyone can pump their business here?
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LMAO! You answered your own question and you don't even know it :p
 
Originally posted by Don Bright


Hi....our traders can buy up to 25% of their account value of options, if they wish. We really don't encourage options trading (off the floor anyway), and haven't bothered getting set up with good pricing and exectution at this time. If and when we find that there is a better "quantifiable edge" than trading the underlying (which we do provide the additional capital for), we may do so. As for now, you might check with "Preferred" (in San Francisco)......

Don
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What about for hedging? Do you still discourage options trading in that case?

PS kudos to you for recommending another firm. That ought to throw off your detracters for a while (mwahaha, you've fooled them for now, lol ;)
 
Originally posted by arbtrader


What about for hedging? Do you still discourage options trading in that case?

PS kudos to you for recommending another firm. That ought to throw off your detracters for a while (mwahaha, you've fooled them for now, lol ;)
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"Hedging is only for people who don't know which way the stock is going." (small joke).

Our strategies are generally more efficient that paying premium, or giving away money to the floor traders. Remember, the options guys are all firm traders at places like "Hull Trading"...where they trade every conceivable instrument, and they do it very well...tough "tompetition."

Don't get me wrong, I loved trading options on the floor, but just don't see them as a long term strategy. The one exception is of course, if you have long stock in your portfolio, and don't mind losing some of it, sell calls for additional revenue is fine.

Every couple of years, options come into "vogue" again it seems....and they're fine for some....

Our hedging takes place in the form of "pairs" trading, and we have been very successful with that strategy.

Don
 
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