Don's openings and more for 2005

[DHOHHI]

Quote from gr8trader:

If you want to piss away $1000 for worthless training then by all means do so. I am simply warning the fence sitters out there to take a closer look before investing there hard earned dollars.

I will quote a recent PM i rec'd:

"I believe what you are doing in Don's thread is honest and to the point. I'm actually afraid you may be banned for it since Bright is a sponsor of ET.

If you would've posted earlier, my friend could have saved $800 in desk fees, $2500 in training costs and over $1000 in losses trading the opening orders.

Good Job! I hope you saved some new traders from falling into the same trap."

Amazing! You have ONE data point; someone who lost a whopping $1000 on OO. If a $1000 loss hurts that much then they likely shouldn't be trading. This isn't a recreational activity. The facts are that most traders are likely to fail. There are no guarantees in this business ... and that's what it is, a business. Ask your "friend" who emailed you WHY he/she failed? Was it poor money management? Lack of dsicipline? Did they execute the OO strategy as taught? Plenty of people who have been successful in other endeavors in life don't make it as traders. I can only wonder if you're a failed trader yourself lashing out at anyone who has a different perspective. I'm sure you've reached the masses with your ranting about this being a losers game. Go pat yourself on the back.

I started at All-Tech in the 90's. They offered boot camps also. And guess what? A good number of their aspiring traders failed as well. That's life, some make it and some don't. To assign the blame to someone who offers instruction is a bit near sighted. After all, no one forces any aspiring trader to put up money for training. It's a choice.

 

[Don Bright]

Quote from mschey:

Wow.........must be slow for traders lately. Speaking of trading, I thought I'd post my results. After a tough friday, Monday and Tuesday have produced some solid trading profits, around $7000 over the past few days. This is about as good as it gets IMO. While I am encouraged by the action of the last two days, the openings have been really "compressed" as of late. This trend, if it continues will make trading in the summer months really tough.
We will see.

I would like to comment on the Canada group. If it weren't for the Canada group, specifically Rob, I would probably not be in the trading business today. When I started with Bright, I attended their 5 day class, and quickly got myself into a losing situation. I lost about 1/2 of my start up capital in a matter of months(GEHON merger blew up). I was desperate, and attended Robs course in Langley. Rob gave me a working theory, a methodology that I could focus on, to work profits in the market. He didn't give me the "holy grail", but gave me a new direction to take my trading, and taught me to look at all trades as winners from an informational standpoint. A very powerful distinction. It was the best investment I have ever made. (aside from my house in SD california). He is a good teacher and an all around good guy.

Darren has been a good friend, and was there to help me when I hit the wall with my trading. (a sign of a true friend is whether or not they are there for you when times get tough)

The rest of the guys are a group of hardworking, good guys, who are committed to trading well.

That's about all I have to say about that!

Good trading to all!

Mike

I'm happy to respond to you, but it's getting a bit borring with "the other guy" - you are a real and serious trader, and know Darren and Rob well. Darren now backs nearly 40 traders with PairCo's profits....and they're still making good money....I am personally very proud of what they have done. Indidividual traders have made more $$ within the Firm during the last couple of years, but as far as solid and consistent profits, these guys are Good!, as you know. All the best Mike.

Don


__________________

 

[Tbill1]

Hi Don,

Did you get my PM?

Thanks,

Tbill

 

[Don Bright]

Quote from Tbill1:

Hi Don,

Did you get my PM?

Thanks,

Tbill

Yes.
Don

 

[chiguy]

3 fills / 500 shares each

3 longs + 113.00

out by 8:41

- .65 / + 1.35 %

 

[Don Bright]

Flat opening, and then I started "fading" the rally, got stuck, traded back, up for day, but I don't cound that for opening.

Have a great long weekend everyone!!

Don

 

[sucre_estave]

One fill today. Didn't participate yesterday - had to go to the ultrasound for baby #3 (damn family crap!)

+$215

Mon: -110

Tue: -85

 

[Don Bright]

Quote from sucre_estave:

One fill today. Didn't participate yesterday - had to go to the ultrasound for baby #3 (damn family crap!)

+$215

Mon: -110

Tue: -85

Hope the baby is doing fine, those tax deductions can add up (you pay $10K per year, get $1,000 deduction)...LOL

Give you wife my best!!

Don

 

[mschey]

Shorted IR today, , but managed to work my way out of the bad position(Don't be sore........short some more) +$300 today. Have a great weekend, I know I am looking forward to it.

Mike

 

[Oz Cillator]

Quote from mschey:

Shorted IR today, , but managed to work my way out of the bad position(Don't be sore........short some more) +$300 today. Have a great weekend, I know I am looking forward to it.

Mike

So did you average your price up, in this case...against Don's advice? LOL

Have a good weekend yourself.