BT ratings

"I believe that work done by likes of Optional777 can only make this board better."

you have to be kidding.this bs makes this board look like its populated by a bunch of childern.we all know 777s views but to keep coming back time after time and bashing seems childish.
 
Never met Don Bright. Don't care if I ever do.
I will tell you that with all the Bright bashing on this site.....I sure do respect the man for taking all this crap.
I am not going to go thru all these posts and find out if 777 and others are profitable....but from a quick glance I doubt you are. And I mean REAL money...not I pay the bills ...yipeeeee.
You guys sound so bitter and pathetic. Get off the man. It is not his fault you were dumb enough to lay down a grand to listen him. Dude doesn't promise the world.....if you suck and don't know what you are doing.....don't want to learn on your own (b/c trading has nothing to do with PERSONAL style and feel, right?) then don't begrudge someone who is willing to take your grand while trying to teach you a thing or two.
With all the bashing....I almost LIKE Don Bright just b/c of the bashers.
And Tony in San Diego.....while he is a very nice man and I hope nothing but the best for him.....Dons course probably would not hurt.
 
wan2BTrader

I am not defending Don Bright, just saying that bashing him constantly in every post (like what optional 777 is doing) is getting repetitive. I would think people participating on this board would be intelligent enough to see if Don is the real deal or not. There is only so much shit you can dig up.
I live here in Vegas, and have communicated extensively with Don. I have been to their office several times, went to their weeklong seminar, and talked with different Bright managers (when I was still living in So Cal) and ex-Bright traders. In doing all of these research I have noticed 2 things:
1. Bright managers tend to stay with the
firm a long time. They don't jump from one daytrading outfit to another. Managers like Ray Bitar(Los Angeles), Russ Smith (Arcadia), and Mark (Long Beach) have been with the Brights for years. This shows stability within the firm. Of course, this is not as exciting and seductive as fancy offices and LCD monitors, but I would go with stability anytime.
2. All the ex-Bright traders I have communicated with left because of software issues, being unprofitable, incompatible trading environment, and for a host of other reasons. NONE of the ones I taked to though left because of immoral business practices by the Bright brothers. None of them ever said that they were screwed by the Brights in any way. Sure there are others who would say that they were ripped off by the desk fees because of being provided w/ crappy equipment, but they knew that going in, right? It's not like they were promised 19" LCDs and were given 17" CRTs instead. I find Don to be very upfront about what they provide to their traders.

These are my personal opinions about Bright based on my own research. Their business model is not perfect and is not for everyone. Like I said, they are very upfront about what they offer (fees, equipment, etc.). If you don't like what you see, all you have to do is keep looking. But please, stop whining.

:)
 
Originally posted by trader88
wan2BTrader

These are my personal opinions about Bright based on my own research. Their business model is not perfect and is not for everyone. Like I said, they are very upfront about what they offer (fees, equipment, etc.). If you don't like what you see, all you have to do is keep looking. But please, stop whining.

:)
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Trader88.
First, I have no issues with their business model. Actually, when I first learned from him and Bob's sales seminar, I immediately recognized this is great for both sides since it is so obvious. So I knew I was going to class even though I don't like the fact that it is not my choice, as you know if you want to trade with them you have to go to th class.
Second, I have nothing to whine, all along from the sales seminar I thought that I was going to trade with them. My logic was very simple, if Bright is good for so many traders then it should be good enough for me even though I knew that if I do some research I could find other firms and some may be a little better, but I"d rather spend time learning trading since I had no experience. So I completed paperwork during te seminar ( I have to say I realized that I was so naive when I saw other people say they would return paper work in another a couple of weeks or tiem a little longer or need time to make up mind).
Third, I'm not looking for anything, as I said before, I discovered ET (while I was trying to find resources on the web can help me with trading) and found there are others and I decided to not to trade with Bright even though I already paid exchange fee because it was so obvious that the benefit of trade with another firm is so clearly outweigh that exchange fee. (I can tell you that this has turned out better than I would expect.)
Fourth, regarding Bright traders stay or leave, I have no facts or stats, but I would doubt that all lefties are losers or whiners. I did have chances to talk to one of their managers and he was a very nice and genune guy from my interaction with him.

Now why I post "Don bashing" related post.
First, I believe too much of Don's sales pitch does not make this board better. Especially he often makes statements (regarding his class) which are borderline untrue.
Second, I believe that the stoodup of 777 and others can only make this board better.
Third, Don's posts in Tony's thread are disgusting. If you don't see that Don's trying to taking advantage of Tony's struggling aspect of trading and you don't think that can only make this board worse, then I don't know what to say.
 
wan2BTrader

My "stop whining" statement was not directed at you. I apologize for any misunderstanding.
With regards to optional777, he is now on my ignore list, so we don't even have to talk about him.:)
Cheers.
 
Originally posted by wan2BTrader


...and I decided to not to trade with Bright even though I already paid the exchange fee because it was so obvious that the benefit of trading with another firm would so clearly outweigh that exchange fee. (I can tell you that this has turned out better than I would expect.)
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What is the name of the firm you are trading with that clearly outweighs paying the exchange fee at Bright???
 
"Third, Don's posts in Tony's thread are disgusting. If you don't see that Don's trying to taking advantage of Tony's struggling aspect of trading and you don't think that can only make this board worse, then I don't know what to say."

after i read this i went back and read every post don made on the tony thread.i didn't see anything disgusting.tony is a perfect candidate for a bright office.he is a mess emotionly.he needs to be around successful traders.all i see is 20 different trading ideas by traders that is confusing the hell out of tony.none of it will help.trading is 80% emotional control.the $1000 for a bright class is probably the best 1000 tony would ever spend if hes serious about trading.
people are so funny.newbees want to become a trader and possibly make more money than a doctor.yet a doctor has to go to school for 12+ years and a trader complains about spending 1000 and taking a week class to get a good idea of how trading can work.lets get real folks.if you just jump into trading without knowledge you are little more than fresh meat for the sharks.
 
Thought I would jump in.

I appreciate Don's comments, heck, I appreciate everybody's comments. Even the ones who call me an idiot. (some small element of truth there..??) Every once in a while, someone makes a comment or suggestion that lights another candle in the dark wilderness a newbie inhabits.

I would not take a course like Don's, (or ECHOtrades's) for the following reason. By definition, the course is going to cover a lot of territory I have already traversed. True, there will be a couple things that are presented that I could benefit from, but the $1000 would be better spent on actual trading. I can make $1000 stretch for 2 or 3 months of actual trades, and that is more enlightening by far.

A brand new trader probably should have that type instruction. However, if I were running a shop like Bright or ECHO, I would give my newbies the same instruction at the office, no charge, real time, during market hours. If someone makes it as a trader, especially if they avoid a long agonizing period of struggle, they will probably stay where they are comfortable for a very long time. Thus, I am profitable, and they are profitable.

In my case, most of the pieces of the great trading puzzle are in place. The really tough final pieces still remain. The Bright/ECHO courses mostly cover the pieces that I already have in place.

Things like tape reading are BEST done in the office, during market hours, with the aid of an experienced trainer. One learns such things as reading the tape, learning about specialist, even (forgive me Don) learning to read chart patterns, by ACTUALLY doing it. And doing it real time with an experienced person helping is the very best way.

I haven't known of this sort of help even being promised, much less delivered by any firm.

Don's subtle (or not) references to training don't bother me in the least, and I think Don does offer many comments of value.

BTW, I do feel the need for some training, just not the kind offered in those classes. How about if I sit down, real time, with a highly experienced, successful trader for a week and learn his/her methods. Now THAT would be worth $1000 I expect.
 
"BTW, I do feel the need for some training, just not the kind offered in those classes. How about if I sit down, real time, with a highly experienced, successful trader for a week and learn his/her methods. Now THAT would be worth $1000 I expect."

tony we have a problem here.why in the world would a successful trader sit down with you for a week for a lousy 1000 unless he is your friend or your brother.he would be wasting his time and could make more than that just trading without you distracting him.
that just leaves you with a place like bright.they are willing to help you and if you trade in their office you might be able to strike up a friendship with someone good who would mentor you.if you arent willing to do that you have to learn at the school of hard knocks, if your money lasts that long.in any case your goal should be to last long enough to learn how the game works.i would guess at least a year.good luck.
 
Originally posted by vhehn
why in the world would a successful trader sit down with you for a week for a lousy 1000 unless he is your friend or your brother.he would be wasting his time and could make more than that just trading without you distracting him.
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Excellent point. Why would anyone help a would be trader become a better trader for free if their time could be spent elsewhere in a more lucrative practice?

So why would Don spend time in the forum trying to "help" traders?

He spends time in the forum not to "help" traders, but to market his seminars and to recruit traders. He uses the forum as if it were his own private marketing and sales tool.

Or does anyone really believe he doing all this "helping" out of the goodness of his heart?


777
 
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