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Quote from Trader13:

Averaging over a year, that's $1M per month, or approx $50K per trading day. Using the ES e-mini, that works out to 1 point of profit per day ($50) with 1000 contracts. Impressive.
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Honestly, I doubt he is doing anywhere near that trading e-minis. He averages into all sorts of positions. Hell, he is probably buying KCG hand over fist right now. I would bet that most of that income is coming from "investment" type trades and he makes some coin on the side trading e-minis. Just my guess.

Not to take anything away from the guy. Everyone I know who has met him says he is sharp as a tack and comes across as a very astute trader.
 
100 contracts is a huge position for any trader to handle for more then a few ticks , too much risk

most traders will take a position with 5 - 10 contracts at a time on average

anyone trading 50-100 es contracts is usually trading for ticks

bob i am sure is holding positions for days with size that is hedged
probably does some swing trades intra-day , he has the capital to take the risk with trading size
 
Quote from Maverick74:

Honestly, I doubt he is doing anywhere near that trading e-minis. He averages into all sorts of positions. Hell, he is probably buying KCG hand over fist right now. I would bet that most of that income is coming from "investment" type trades and he makes some coin on the side trading e-minis. Just my guess.

Not to take anything away from the guy. Everyone I know who has met him says he is sharp as a tack and comes across as a very astute trader.
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Bob was trading between 500 and 5000 contracts per day in 2011. Has switched over to SPY's this year, since we're all trading the the Family "Bright Investments" account vs. Bright Trading accounts. Just a tax/regulatory thing.

It's all just a matter of proportionality. He also bought in for $1million to a charity World Series Poker tourney. And, he plays poker twice a week with Bobby Baldwin (MGM) and Guy Laliberte and a few really rich guys. Bob does pretty well with this guys. Just like me or you playing $100 minimum blackjack, enough to enjoy, but not enough to worry about.

All the best,

Don
 
Quote from Don Bright:

Bob was trading between 500 and 5000 contracts per day in 2011. Has switched over to SPY's this year, since we're all trading the the Family "Bright Investments" account vs. Bright Trading accounts. Just a tax/regulatory thing.

It's all just a matter of proportionality. He also bought in for $1million to a charity World Series Poker tourney. And, he plays poker twice a week with Bobby Baldwin (MGM) and Guy Laliberte and a few really rich guys. Bob does pretty well with this guys. Just like me or you playing $100 minimum blackjack, enough to enjoy, but not enough to worry about.

All the best,

Don
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Don, Bob gets 60/40 tax treatment on futures which for his tax bracket should save him 13% a year. I'm just curious why he would get better tax treatment on SPY.
 
Quote from Maverick74:

Don, Bob gets 60/40 tax treatment on futures which for his tax bracket should save him 13% a year. I'm just curious why he would get better tax treatment on SPY.
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He has that sort of money to throw around and your trolling this place to get people to sign up for "training" so that you can get ther "brokerage" fee's !! Now the training is "free" .... where is this thread headed ?
 
Quote from optionbull:

He has that sort of money to throw around and your trolling this place to get people to sign up for "training" so that you can get ther "brokerage" fee's !! Now the training is "free" .... where is this thread headed ?
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Huh? Wrong thread dude. They are not a broker and no one is selling training. LOL.
 
Quote from Maverick74:

Don, Bob gets 60/40 tax treatment on futures which for his tax bracket should save him 13% a year. I'm just curious why he would get better tax treatment on SPY.
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Mixed straddle rules maybe, I'm really not sure.

Don
 
Quote from Maverick74:

Nope. No tax benefits for mixed straddle on shares, only on options.
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As I said, not sure of the details, just know that he's trading SPY this year. We may set up a futures account in the family trust as well.

Did see this however:

Generally, a straddle for Federal income tax
purposes involves the holding of “offsetting positions” with respect to actively traded personal
property (such as stocks, bonds, commodities and
currencies). Positions are considered to be offsetting
if any position held substantially diminishes the risk
of loss associated with holding one or more other
positions. If one position substantially diminishes
the risk of loss on another position, it would appear
that the tax straddle rules apply even if the second
position does not reduce risk of loss associated with
the first position. In other words, risk diminution
does not appear to require mutuality.[/color/

Don
 
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