Exposing one Donald Bright

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Yeah, I guess making money is "outdated" too....funny post however...

I know that most cannot do what we try to teach, but we keep trying, and the success rate is great....especially when compared to those who already have "opinions" on how to make money. We cannot, however, help those who simply refuse to believe the obvious..."this is what is working" real time, real money....(not trying to be argumentative, but we are in the Real world, with real numbers, not imaginary...as so many "new systems" and "software" are...."fun but no money"....

Anyway, I hope you're making money...and good luck!

Don

Let's hope Elite is making money off the advertising fees you are paying them, for if indeed you are not paying to advertise within the forum, they are getting ripped off.

You mention "real numbers, not imaginary." Why don't you just quote some statistical data? Like 87% of our traders make money? And where is the disclaimer in your posts? Does the SEC approve of pumping without disclaiming when it comes to day-trading?

You say, "our success rate is great" then fail to give a statistical figures to back that up. All you ever do is generalize. Great may mean anything. Just sales talk, that's all. Just hype. Smoke and mirrors, Wizard of Oz nonsense.

Why not be specific? Oh, then you could be held accountable and subject to SEC scrutiny.

Just like when a broker says "my clients are making zillions of dollars" it is not subject to the same standards of proof because there is no way to measure "zillions" of dollars.

If you gotta hype, why not say "our traders make jillions and gazillions more than the other guys at the other firms." Plainly, you are nothing but a salesman offering up misleading statements in an attempt to recruit traders.

The more I read your posts, the more I think the Forum is just you own personal informercial.

By the way, I am wondering if your column in Commodity Trading magazine is a paid advertising column too. I can't imagine them actually paying you for trading opinions.
 
Originally posted by vikana


My favorite moment at the show was at one of Don's presentations at their booth. He is speaking though his 150W speaker systems and basically telling everyone near and far that virtually all the vendors are selling cr** and generally don' t know anything about trading. (I agree with him on that, btw !)

The facial expressions on all the vendors around were just priceless. You could see that they were just waiting for Don to "shut up", so that they could go back to their sales pitch.

Don also shared his view on analysts and lots of other good stuff. The best presentation on the floor !
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Personally I liked his other talk when there were 20 people and I just sat down in the front row to see what Don would do....


Heard lots of great things about the.......other pro firm all of a sudden

:)
 
Originally posted by vikana


My favorite moment at the show was at one of Don's presentations at their booth. He is speaking though his 150W speaker systems and basically telling everyone near and far that virtually all the vendors are selling cr** and generally don' t know anything about trading. (I agree with him on that, btw !)

The facial expressions on all the vendors around were just priceless. You could see that they were just waiting for Don to "shut up", so that they could go back to their sales pitch.

Don also shared his view on analysts and lots of other good stuff. The best presentation on the floor !
More...

Uhm,

Please, please, have someone go ask Bob what he thinks the market is gonna do tomorrow...I wish I could be there...

nitro
 
Just to make 777 happy (and quote the same numbers for the hundreth time). As reported to regulators:1. Approx 70% success rate (after the one year learning curve). 2. About half don't make it the first year (but 90 % of all businesses fail in that time period, so I guess we're better than most business).

And once again, I can thank you for helping me bring up the good things about our firm, you have proven to be a good marketing assistant.

BTW, TASC does actually pay me for the columns and the Q&A...and I find it a good feeling to help those who ask. Usually just facts, not opinions unless stated as such.

(hey, traderprophet....you can dive in here anytime with your stats!!)....

Thanks again, PeeWee (another good photo, I must admit).

Don (ex Jabba trading)
 
Originally posted by rtharp


Personally I liked his other talk when there were 20 people and I just sat down in the front row to see what Don would do....


Heard lots of great things about the.......other pro firm all of a sudden

:)
More...

I wish you would have listened to all of the comments....since, believe it or not, I try to simply give people an understanding of how professional trading works...and always say that there are other firms out there, and other trading profiles....

It was good to see you there Robert...and I really like your new Echo/Van Buren book (especially the check lists!!).....

Don
 
Originally posted by Don Bright


We cover the charting that we find valuable (tick charts of S&P's), suppor resistance, longer term correlations and the like....but we try to get people into the "here and now" of tape reading and doing the things that are "working" right now...
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You "cover" charting? Much like if I told everyone what shit cars Fords are and why they should never buy one, I have "covered" Fords.

Have you ever considered a career in politics Don? They way you avoid and slip through the tough questions, the way you divert the conversation to something else, your diplomatic poise under fire, all top notch.

Let me ask you Don, how many trades does a trader need to make to make according to you? 30, 40, 100? What about 5 or 10? What about 1 or 2? What about taking a position and holding it for 3-10 days?

Obviously Don - and it IS obvious - if a person is not just trading for the next 2 minutes, he needs something to base his decisions on. Enter the chart. It is NOT used, as you mistakenly think, to simply PREDICT the direction of the market after a certain period of time. It is used as the basis for identifying entry points, measuring risk levels, and identifying profit taking points. Before you get all riled up Don, I'm not even talking about using chart PATTERNS as the basis for entry (although you could use them if you wanted to). A person could have some mathematical "technique" for entering the market and simply use the chart to "confirm" his idea of which way the market should move - entry, to determine where he'll get out if wrong - normally beneath/above a recent support point, and where he'll take his profits - usually based on how much profit he'll allow himself to "give back" to try and get more, which is easily judged by looking at a chart.

Now, Don's idea of why chart "patterns" exist is because at $30 a stock is a good dividend yield play. If it goes to $40, it's not such a good dividend play, so people sell it. If goes back down to $30, people buy it again. I'm not sure which charts Don's been looking at (maybe he's using Channelingstocks.com?), but I haven't found too many examples of a stock calmly oscillating between $30-$40.
Seriously, to anyone with any idea about trading at all, this example falls so far short of being an "explanation" to anything that I wonder why Don bothers to give it.

Don also seems to mistakenly think that making money in trading relies on how accurately you call the markets next move. He tells us a story about how Blair Hull employed a whole bunch of math geeks to predict the market and the best result they got was that they could predict the markets move for the next 6 minutes, 70% of the time. I'm not at all sure what the point of this story was. Seems to me Don is trying to induce everyone to just keep getting in and out, in and out, in and out. Afterall, that puts money in the bank (commissions).

Don, you pass yourself off as some expert trader, but, honestly, I don't think you really know very much about trading at all.
 
Here is the slam:

lidodido
Junior Member

Registered: Jun 2002
Posts: 29


08-12-02 08:17 PM
Re: Re: Charts???

quote:
--------------------------------------------------------------------------------
Originally posted by Don Bright


We cover the charting that we find valuable (tick charts of S&P's), suppor resistance, longer term correlations and the like....but we try to get people into the "here and now" of tape reading and doing the things that are "working" right now...


--------------------------------------------------------------------------------



You "cover" charting? Much like if I told everyone what shit cars Fords are and why they should never buy one, I have "covered" Fords.

Have you ever considered a career in politics Don? They way you avoid and slip through the tough questions, the way you divert the conversation to something else, your diplomatic poise under fire, all top notch.

Let me ask you Don, how many trades does a trader need to make to make according to you? 30, 40, 100? What about 5 or 10? What about 1 or 2? What about taking a position and holding it for 3-10 days?

Obviously Don - and it IS obvious - if a person is not just trading for the next 2 minutes, he needs something to base his decisions on. Enter the chart. It is NOT used, as you mistakenly think, to simply PREDICT the direction of the market after a certain period of time. It is used as the basis for identifying entry points, measuring risk levels, and identifying profit taking points. Before you get all riled up Don, I'm not even talking about using chart PATTERNS as the basis for entry (although you could use them if you wanted to). A person could have some mathematical "technique" for entering the market and simply use the chart to "confirm" his idea of which way the market should move - entry, to determine where he'll get out if wrong - normally beneath/above a recent support point, and where he'll take his profits - usually based on how much profit he'll allow himself to "give back" to try and get more, which is easily judged by looking at a chart.

Now, Don's idea of why chart "patterns" exist is because at $30 a stock is a good dividend yield play. If it goes to $40, it's not such a good dividend play, so people sell it. If goes back down to $30, people buy it again. I'm not sure which charts Don's been looking at (maybe he's using Channelingstocks.com?), but I haven't found too many examples of a stock calmly oscillating between $30-$40.
Seriously, to anyone with any idea about trading at all, this example falls so far short of being an "explanation" to anything that I wonder why Don bothers to give it.

Don also seems to mistakenly think that making money in trading relies on how accurately you call the markets next move. He tells us a story about how Blair Hull employed a whole bunch of math geeks to predict the market and the best result they got was that they could predict the markets move for the next 6 minutes, 70% of the time. I'm not at all sure what the point of this story was. Seems to me Don is trying to induce everyone to just keep getting in and out, in and out, in and out. Afterall, that puts money in the bank (commissions).

Don, you pass yourself off as some expert trader, but, honestly, I don't think you really know very much about trading at all.


Don's reply,

Our traders are making lots of money. You must not be making money like our traders. Thanks for all the support from the good traders who make money with us.

You sound unhappy. Probably because you are not making money with Bright trading.

Did I mention that our traders make lots of money?

Getting back to me and Bright Trading, we are the best out there, and our traders make lots of money.

We have a proven system that works, and our traders make lots of money.

Once again, I feel sorry for you. You need psychotherapy, and by the way, did I mention that we make lots of money at Bright Trading?

Life is short, so making lots of money at Bright with the little time you have left is the way to go.


777
 
What a pair you guys make....at least you seem to find humor in one another, as do most of us....enjoy yourselves, your charts, and whatever else makes you happy....why so spiteful all the time.? I mean, really...intelligent discussion, and disagreement makes for better people, ...but this type of silliness doesn't do anyone any good.

Don

PS "777" pretty much covered the response. :-)

"Lido" I hope you find our advanced classes with (yes) Bob's charting packages for intraday trading to be helpful to you. We introduce them in Denver this month.
 
Originally posted by Don Bright
What a pair you guys make....at least you seem to find humor in one another, as do most of us....enjoy yourselves, your charts, and whatever else makes you happy....why so spiteful all the time.? I mean, really...intelligent discussion, and disagreement makes for better people, ...but this type of silliness doesn't do anyone any good.

Don

PS "777" pretty much covered the response. :-)

"Lido" I hope you find our advanced classes with (yes) Bob's charting packages for intraday trading to be helpful to you. We introduce them in Denver this month.
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You guys really all need to get a life! You guys do realize there were a couple markets being traded today right?

This place is getting sadder and sadder by the minute :(

PEACE,
Publias
 
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