Bright Trading's new payout model
- Thread starter Maverick74
- Start date
- Status
Well I guess you could say i've never done a lot of volume (i've always had longer timeframes), but i've been VERY vocal especially to newer traders of the affect in haircuts....I've seen accounts firsthand get bled to nothing because of them, it's a horrible thing to hear.
Going back to the 20%, Bright still has a lot of things in the works about how this can be adjusted for traders in other services. Although I'm sure the guys doing big volume (as Don suggested maybe go elsewhere) would not do be with the firm for long, so that is a loss....
No one is going to make any money until the US fixes its longterm problems. No one is killing it this year. HFT is bogus, it was great in 08 and now there is no money in it
Being new to this forum, is Maverick's firm not known? From the tone, I thought he was at another prop firm.
BTW, as per my other post (Which the admins delayed in actually posting for almost a day due to my newness) I am in the process of joining Bright, I'd love a PM or two from those there or with some relevant experience with any insight. Is this still the way to go, does echo have the same issues? Do I seem to like asking a lot of questions?
Any Bright traders with any insight, I'd appreciate it, I'll buy you a beer if (when) I'm in Vegas for the Sept class.
BTW, as per my other post (Which the admins delayed in actually posting for almost a day due to my newness) I am in the process of joining Bright, I'd love a PM or two from those there or with some relevant experience with any insight. Is this still the way to go, does echo have the same issues? Do I seem to like asking a lot of questions?
Any Bright traders with any insight, I'd appreciate it, I'll buy you a beer if (when) I'm in Vegas for the Sept class.
It is perfectly normal to see "your trader's" positions as someone who runs a group or trading firm. 1) If and when they blow through their capital it is your money that is being bled, and 2) If you are training you can learn a lot about a trader's (bad) habits from seeing their activity. Normally you're just looking mainly at trader's p/l to manage risk, but have ability to drill down on any detail, and all depends on kind of operation.
Quote from GGSAE:
Have you been reading the thread?I've had two friends ask me about getting into trading in the past 6 months and I mentioned it may be the worst time ever.
Yes, it is just too sad now. Volume low, setups invalidated, dont know what is working anymore. Traditional scalping based on L2 is definitely dead.
Well swing trading will always be profitable (for the experienced trader), but yes the common theme is that the risk/reward setups are just not there, I think the only edge is taking it over the longer timeframe...I've just started looking for doing something else during my days, since most of what I do is automated anyway it's really tough to justify sitting here scratching my balls in favor of something else.
- Status