Competing Objectives...Who Wins?

[Don Bright]

Observing.....

I thank Andre and Limit for their comments, and if I thought that a few bucks of advertising money would sway the management of this forum (or any other) ....I would lose all respect for the management of the site.

And, I will be glad to compare success rates. We cater to the "successful minority"....and do our level best to keep our strong traders strong, and to bring up those who have what it takes to become good traders.


have a good weekend.....

Don

 

[limitdown]

Quote from cornholetrading:

I just heard today that FNYS still has traders doing really well in this market, but then again they do not do a lot of the scalping and real short-term trading stuff. Then again you are an employee not self-employed.

what's their website?

hey, share the wealth,

clearly not everyone is cut out for this stress....and there's nothing wrong with being on a salaried team instead of an individual in his/her yacht sailing the high C's

 

[Andre]

bright is also the only prop firm that advertises on this web site

Incorrect. Echo is a sponsor here.

FYI-I certainly didn't mean to be endorsing a particular prop firm in my example. For what it's worth, I've enjoyed talking with both Don Bright and Vito Sisto of Echotrade. I could envision developing a relationship with either firm. If I get to the point where I'm considering trading with a prop firm, I'd start with those because I've got a connection there.

Sometimes, perhaps especially so in trading, you find people wanting to know what someone can do for them. Almost demanding in their inquiries. I've never understood that approach. I suppose I've been lucky, I've had several "mentors" in a wide variety of areas in my life. But I never expected them to help. I guess I just engaged them and it developed into a relationship.

But you've got to have something to offer them. People are critical Prop firms. And hey, if you're a good trader you don't need them. But if you want something from them, their leverage and coaching... then it seems to me you'd better offer them something too.

André

 

[cornholetrading]

Quote from limitdown:



what's their website?

hey, share the wealth,

clearly not everyone is cut out for this stress....and there's nothing wrong with being on a salaried team instead of an individual in his/her yacht sailing the high C's

There website is http://www.fnysllc.com/. I don't work there but just heard today from a friend that spoke to some of their people recently. According to him there were several people still putting up 6 figure months and 7 figure years there. However I heard it is a bitch to get into. Obviously for a paid opportunity though it will be competitive with actual long term training program, pay, and no risk to the trader. However since you get paid it is a job and not for the trader who wants to work for themselves and show up when and at what time they want too.

 

[Don Bright]

Quote from Andre:

bright is also the only prop firm that advertises on this web site

Incorrect. Echo is a sponsor here.

FYI-I certainly didn't mean to be endorsing a particular prop firm in my example. For what it's worth, I've enjoyed talking with both Don Bright and Vito Sisto of Echotrade. I could envision developing a relationship with either firm. If I get to the point where I'm considering trading with a prop firm, I'd start with those because I've got a connection there.

Sometimes, perhaps especially so in trading, you find people wanting to know what someone can do for them. Almost demanding in their inquiries. I've never understood that approach. I suppose I've been lucky, I've had several "mentors" in a wide variety of areas in my life. But I never expected them to help. I guess I just engaged them and it developed into a relationship.

But you've got to have something to offer them. People are critical Prop firms. And hey, if you're a good trader you don't need them. But if you want something from them, their leverage and coaching... then it seems to me you'd better offer them something too.

André

What?? Vito who? Just joking, of course....Vito is respected in the industry....

Don

 

[murray t turtle]

Quote from Don Bright:

Observing.....
****************************

Like that thoughtful ,high speed , USAF fighter pilot winning.
It was a mature Cyber Corp ad. I like even more Cap Weinberger used longer term graphs to get more department of defense capital.

I doubt if Charles Schwab laughed at the newer SCH-CyberTrader ad that makes fun of little baby turtles.

 

[limitdown]

Quote from murray t turtle:

Quote from Don Bright:

Observing.....
****************************

Like that thoughtful ,high speed , USAF fighter pilot winning.
It was a mature Cyber Corp ad. I like even more Cap Weinberger used longer term graphs to get more department of defense capital.

I doubt if Charles Schwab laughed at the newer SCH-CyberTrader ad that makes fun of little baby turtles.

uh, MTT, what are you saying here?, didn't understand your comment or joke or humor

 

[murray t turtle]

Quote from murray t turtle:

Quote from Don Bright:

Observing.....
****************************

Like that thoughtful ,high speed commercial with a USAF fighter pilot winning.
It was a mature Cyber Corp ad.

Even though that was a mature [2000-2001] ad promoting high-speed-rapid trading it was well done.


I like even more Cap Weinberger used longer - term graphs to get more [win] department of defense capital. He showed Congress his charts.

Same principle there [Cap Weinberger ]as even the best daytrading or swing trading books contain graphs [charts] longer than one day . Many of those charts are longer than one day, even for daytrades.
==================================


My point here is ,while made with a smile, is the mature Cyber- Corp ad was far more thoughtful and cool than the new Cyber Trader ad.
I doubt if Charles Schwab laughed at the newer SCH-CyberTrader ad that makes fun of little baby turtles.

Limitdown you asked about new Mike Murdock info. Mike mentioned something that always will be timely-''wisdom''

Knowledge would knowing some trading principles.

As important as knowing trading principles are ;
Wisdom includes actually doing [action] in a timely way.
===== ===========================

 

[mixer]

Propers are scammers

 

[limitdown]

Quote from murray t turtle:



Limitdown you asked about new Mike Murdock info. Mike mentioned something that always will be timely-''wisdom''

Knowledge would knowing some trading principles.

As important as knowing trading principles are ;
Wisdom includes actually doing [action] in a timely way.
===== ===========================

MTT -- we need to start a thread on that last sentence alone....

It has been surprising how this thread started out, and what comments others have submitted.

During the time of this thread, a number of firms have either closed offices, closed all together, or thrown out a number of traders, whether profitable or not, and there has been a substanctial correction in the proprietary or leveraged trading business.

There's a lot of bruised feelings out there, and probably more to come, given the way things have turned out.

We, of course, can only hope for the best.

Cheers