Originally posted by cas
lidodido.
I was at the class last week as well. I live in Vegas, so it was easy enough for me to go.
Let me make a few points:
-I have been trading fulltime for 7 years now, I have made alot of money in both the NASDAQ and NYSE markets trading many different styles. There are so many ways to make money, Bright prefers listed....after going to the course it makes sense why. There are many advantages of trading listed (MOO, MOC, etc) It won't stop me from trading NASDAQ..but it did give me some new insights on NYSE.
-Before I went to the seminar I had already made thousands of $'s simply by reading Don's OpenOrder thread and then using it. so the seminar was free.
-I went into this with the understanding that ofcourse there would be a sales-pitch for Bright trading. I would do the same thing if it were my business.
-I trade with IB. 10,000 shares at IB is $52.50, while 10,000 shares at Bright is 1/2 of that (they have a max comm rate)
-I certainly don't know everything about trading...but I went because I felt that I could pick a few tid-bits here and there that would be worth more than the $1000...and I feel that I did.
-If anything most of what Earl covered was good info for new traders.....and for experienced traders a good refresh.
-their hardware is old and outdated....sure..but it works. I have a wonderful trading setup/desks/computer(s) with 19in. monitors in my office: http://www.daytradingstocks.com/tradestations.html (middle of the page "Christopher Steele's Trading Room") Would I trade on the equipment in Bright's office? No way....BUT.....the important part of trading is the trader. If it works, I can understand why they haven't upgraded it.
-Software: I have never used REDI+, so can't comment. I have FirstAlert just as the Bright guys do/can. They don't have any advantages on me.
Overall, I feel that I got my money's worth. It confirmed my setup for the OO's, I refreshed some thought processes, I was able to gets Bob's insights on the market, I picked up some misc points about trading.
At this point in my trading career I do not have a compelling reason to trade with Bright...but..things could change, and it would be a very good option. Also, IMO Bright's setup is very good for an undercapitalized/inexperienced trader...it would give them big leaps ahead of people that have to put the pieces together by themselves.
cas
(Chris Steele)
Chris Steele,
Your brought up something I mention a few times in my earlier posts on this particular thread.
Some individuals didn't like the class and some individuals did like the class.
Most knew what it was all about before arriving and a few choose to not read the outline prior to the class...lib chose not to read the outline and admitted to such.
In fact...I know someone that knew what the class was going to be about and choose not to cough up $1,000. Thus, they didn't go.
A few in support of lib think the issue is about the truth...it is not...
to me the issue was about him/her saying they want to trade at Bright while harboring such a negative attitude towards Bright.
All successful traders know more than 1/2 the battle is psychological. Thus, he doesn't have a chance of succeeding at Bright with his/her attitude.
He/her is better off trading at another firm that he/her feels has a better product or better business model.
At least...to me...that is the issue.
His argument is based on as if Bright is the only game in town. I based this on his FLAWED argument with the Ford vehicle and CEO analogy he made...
aren't there other vehicles out there just as good as Ford or better with a good CEO? Surely there must be.
More importantly...anybody that felt that the class by Bright was worth it or got something of value out of it...according to lib's quote..."They were probably clueless about trading from the start."
Proves my belief his/her agenda had nothing to do with the truth....has nothing to do with wanting freedom to express the truth...
it has everything to do with his/her
one sided view and that those that sat in the same room as him/her are either clueless and bums.
Therefore his attempt to say others share the same view is especially one sided when he dismisses the views of those that were there and don't share his view.
That's like losing $1000 on the stochastics indicator and saying its worthless while another person makes $1000 on the stochastics indicator and saids its worth using it.
Thus, for one trader to dismis the truth of another trader...is ridiculous.
More importantly, to come to a public forum and do such...proves there's a hidden motive...a very negative motive.
Thus, I'll repeat my message to lidodido...
"Therefore, I'm not doubting your bad experience (your truth) nor am I doubting the good experience of others (their truth)....
I'm doubting your motive of this thread...that's my attack of you."
NihabaAshi
