Don's openings and more for 2005

Quote from NYSEscalpa:

Is the lack of posting on this thread indicative of the profitability of this strategy declining??
More...

Actually, the strategy still accounts for more than 30% of the profits from our entire group of traders (approximately 200 employ the strategy, in various forms, on a daily basis.

The adaptations of the strategy are numerous, and some are quite creative. Using several groupings, based on beta and sector (among other things), with automated trailing exit prices, seems to be the most fruitful currently. I, of course, only show the very basics, and usually have my bootcampers showing above a 70% profitability factor within a couple of weeks.

I only post up my manual trades, keeping the automated results within our own group at this point.

We are actually doing better overall since so many other firms simply lack the capital to allow their traders to place hundreds of opening only orders.....these capital restraints have forced many groups to resort to other, less lucrative trading plans for now.

All the best to everyone,

Don
 
From the August/September issue - Trader Monthly

30 Under 30
We polled the world's trading community to come up with the best young talent currently conquering global markets.
By: Imogen Rose-Smith , A.D. Barber
Issue: August/September 2005 , Page 70

________________________________________

"If I'm having a bad day, you literally have to pull me out of my seat. I don't like to give up."
The Best Young Traders in the World

Oh, to be young and a trader.
Trader Monthly hereby introduces our inaugural "30 Under 30" ranking, profiling some of the fastest-ascending traders working today in a wide range of asset classes and arenas, all 30 years old or younger. We've put our ears to the ground to find out who the trading superstars of tomorrow are. In the process, we found many young traders already making a name for themselves today.
Some young turks, boasting Ivy League pedigrees, come from a long line of securities-market mavens, while others never even finished college. But all the traders you’re about to meet have one thing in common: tremendous upside potential.
Not surprisingly, we found candidates in the ever-expanding ranks of the hedge-fund world, but that's not the only hot zone where you'll find young trading talent. From prop desks to the pits, youth is not wasted on this crop, any of whom could be a billionaire by 40 -- or, then again, they could be belly up and bust. But we, for one, are long the prospects of the group you’re about to meet.
For the full text of this article, including traders' biographies, please see the August/September issue of Trader Monthly magazine.
________________________________________
Darren Clifford
Age: 26
Firm: PairCo
City: Kelowna, British Columbia
Trades: Equity
When a big time job at a prestigious Wall Street bank didn’t pan out, Darren Clifford, who had just received his master’s degree from Smon Fraser University, was forced to reevaluate his options.
His timing – it was the summer of 2002 – might have been inauspicious. Tired of waiting for financial services recruiting to pick up post 9/11, Clifford turned to Bright Trading. Training under the Las Vegas – based prop legends Don and Bob Bright, he would eventually cofound his own pairs-trading firm, PairCo, a Bright affiliate. Clifford, along with his partner, Rob Friesen, oversees 40-plus traders. Not being willing to wait for Wall Street to find him has certainly paid off. He will make an estimated $350,000 from trading this year.
He as also brought his family onboard. His father and brother both of whom had been working in the family’s moving business, are Bright traders. “Even my mom was trading for a while.” Clifford says, though she recently gave it up.
Ever the good son, Clifford took his parents to Cancun for vacation this year. But his mother wouldn’t necessarily approve of everything this budding entrepreneur does. His out-of-office activities include “scuba diving, skydiving and skiing – anything with a bit of rush to it.”

(Good for Darren, a super sharp and nice guy).

Don
 
Quote from Don Bright:

1. Actually, the strategy still accounts for more than 30% of the profits from our entire group of traders

2. The adaptations of the strategy are numerous... automated trailing exit prices... seems to be the most fruitful currently.

3. and usually have my bootcampers showing above a 70% profitability factor within a couple of weeks.


4. We are actually doing better overall since so many other firms simply lack the capital to allow their traders to place hundreds of opening only orders.....these capital restraints have forced many groups to resort to other, less lucrative trading plans for now.

All the best to everyone,

Don
More...
1. This is a meaningless number since we don't know what the total profit numbers are or how well or how poorly the traders do in various other strategies. The fact that 30% of profits come from the opening strategy may actually be a reflection of poor overall results. Not saying it is...but it could be.

2. "Automated trailing exit profits" are stop orders; an "adaptation" Darwin, er Don, has, in no uncertain terms, said he never uses or encourages.

3. This too can be misleading. Most traders I know who employ this stategy "win" on about 3 of 4 (75%) of positions. The problem is not to lose more on the one loser than you make on the three winners. This is a problem if you accept the tiny "slingshot" profits and don't use stop-loss orders, as Don has both stressed.

4. This is merely a self-promotional advertisement.
 
4 fills all short -220.00

-.45 / +1.05 %

tried to wait it out...

cost about 120.00 to wait....

stopped out on all 4 orders
 
Quote from Don Bright:

From the August/September issue - Trader Monthly

30 Under 30
We polled the world's trading community to come up with the best young talent currently conquering global markets.
By: Imogen Rose-Smith , A.D. Barber
Issue: August/September 2005 , Page 70

________________________________________

"If I'm having a bad day, you literally have to pull me out of my seat. I don't like to give up."
The Best Young Traders in the World

Oh, to be young and a trader.
Trader Monthly hereby introduces our inaugural "30 Under 30" ranking, profiling some of the fastest-ascending traders working today in a wide range of asset classes and arenas, all 30 years old or younger. We've put our ears to the ground to find out who the trading superstars of tomorrow are. In the process, we found many young traders already making a name for themselves today.
Some young turks, boasting Ivy League pedigrees, come from a long line of securities-market mavens, while others never even finished college. But all the traders you’re about to meet have one thing in common: tremendous upside potential.
Not surprisingly, we found candidates in the ever-expanding ranks of the hedge-fund world, but that's not the only hot zone where you'll find young trading talent. From prop desks to the pits, youth is not wasted on this crop, any of whom could be a billionaire by 40 -- or, then again, they could be belly up and bust. But we, for one, are long the prospects of the group you’re about to meet.
For the full text of this article, including traders' biographies, please see the August/September issue of Trader Monthly magazine.
________________________________________
Darren Clifford
Age: 26
Firm: PairCo
City: Kelowna, British Columbia
Trades: Equity
When a big time job at a prestigious Wall Street bank didn’t pan out, Darren Clifford, who had just received his master’s degree from Smon Fraser University, was forced to reevaluate his options.
His timing – it was the summer of 2002 – might have been inauspicious. Tired of waiting for financial services recruiting to pick up post 9/11, Clifford turned to Bright Trading. Training under the Las Vegas – based prop legends Don and Bob Bright, he would eventually cofound his own pairs-trading firm, PairCo, a Bright affiliate. Clifford, along with his partner, Rob Friesen, oversees 40-plus traders. Not being willing to wait for Wall Street to find him has certainly paid off. He will make an estimated $350,000 from trading this year.
He as also brought his family onboard. His father and brother both of whom had been working in the family’s moving business, are Bright traders. “Even my mom was trading for a while.” Clifford says, though she recently gave it up.
Ever the good son, Clifford took his parents to Cancun for vacation this year. But his mother wouldn’t necessarily approve of everything this budding entrepreneur does. His out-of-office activities include “scuba diving, skydiving and skiing – anything with a bit of rush to it.”

(Good for Darren, a super sharp and nice guy).

Don
More...

What does this have to do with opening orders? Or is it just shameless self-promotion? Or maybe that was the purpose of this thread. We should switch the name of the thread to "Come trade with the Bob and Don show"
 
Only 60% profitable on the second day of automated entries with bootcampers....still a bit slow on the slingshots...but getting better.

(I gotta get back to some more blatant self-promotion so as to give Oz and friends something to do....my friend, the ever vigilant Oz)....


Don :)
 
Quote from areyoukidding?:

What does this have to do with opening orders? Or is it just shameless self-promotion? Or maybe that was the purpose of this thread. We should switch the name of the thread to "Come trade with the Bob and Don show"
More...

to Don:

My ten year old daughter could be 60 or 70%, profitable if all she tried to make on a trade was 2 cents. You shouldn't set your sights SO high. As long as you continue to show yourself to be nothing but a shill, a huckster, and a con artist, there will be people to call you one, even if ET chooses to censor it. :)
 
Oz is CORRECT

their are many of us who have made that much multiple years trading prop utilising far less capital than darren. i'm sure darren is using multiple millions in overnights plus scalping against positions during the day to get his return.

here are some suggested numbers traders would be intersted in

maximum aggragate $ position (long + short)

avg overnight $ position

best/worst months (see his return volatility)

to just throw out there that he made 300k is a worthless misrepresentation. there would be plenty of money managers and large traders who have made 300k in a DAY. it's all relative.
 
Quote from Oz Cillator:

to Don:

My ten year old daughter could be 60 or 70%, profitable if all she tried to make on a trade was 2 cents. You shouldn't set your sights SO high. As long as you continue to show yourself to be nothing but a shill, a huckster, and a con artist, there will be people to call you one, even if ET chooses to censor it. :)
More...

Boy, talk about "off topic" - I don't know what numbers you like to make up about my business, but as my son and nephews/nieces say..."whatever" LOL

FWIW, I don't bother asking to have anything deleted, it's up to them, and FWIW, I have paid for advertising on ET, perfectly up front and in the open with full disclosure, and no alias.

Always nice to hear from you....I hope that your daughter is not influenced by your fear of success and society in general. Why not try life without the pessimism for a change?

Whatever,

Don
 
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