How much is Bright Trading Training

Re: Successful Trader

A poster named garachen used to throw out some numbers...

Quote from garachen:


Last year I paid out between 200-400k per person. Split between base salary and profit sharing. It's maybe a little higher that the typical trading company but not as high as it would be it they forwent the base salary option.

This isn't what I pay starting out. I start quite low until they can prove they are on track for 1m a year.
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Making enough to cover expenses and build capital may not sound so successful if 5K a month would do it. In sports, a successful athlete would be someone who plays in the big league and receives big league salary. A guy on the bench of any NBA team, doesn't have to be a starter, is successful imo for example. In trading, what would the salary for the non-starters look like at Maverick74's Chicago firms or at Bright Trading's firm? Is garachen's range typical? Anyone with knowledge want to throw out some numbers?

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PS: $1250 is very reasonable. I wouldn't mind attending just to observe the mindset of the other traders, successful and not successful. Does $1250 include a free ride from the airport in Don's car?

Quote from Don Bright:

The 4 day class (5th day optional) is $1250. You can return as often as you like (each class is different, responding to current market conditions etc.)
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PS: $1250 is very reasonable. I wouldn't mind attending just to observe the mindset of the other traders, successful and not successful. Does $1250 include a free ride from the airport in Don's car?


Thanks, can't pick you up in Bugsy's car (you may be able to see it at the Tropicana exhibit), but our May 7-9, 3 day class, including our Pairs Trading classes with Rob Friesen from Canada, is $1,000 - but only $750 for those of you on ET. That $250 can buy some extra chips in the casino's, LOL....

Come join us. Call 702.739.1393. We are doing 3 classes per year in 2012, this is number two.

www.stocktrading.com/training.html

Don:)
 
Quote from Don Bright:

PS: $1250 is very reasonable. I wouldn't mind attending just to observe the mindset of the other traders, successful and not successful. Does $1250 include a free ride from the airport in Don's car?


Thanks, can't pick you up in Bugsy's car (you may be able to see it at the Tropicana exhibit), but our May 7-9, 3 day class, including our Pairs Trading classes with Rob Friesen from Canada, is $1,000 - but only $750 for those of you on ET. That $250 can buy some extra chips in the casino's, LOL....

Come join us. Call 702.739.1393. We are doing 3 classes per year in 2012, this is number two.

www.stocktrading.com/training.html

Don:)
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Don, it took you 7 hours to respond to that question. Everything OK? :)

Maybe since that post was complementary you didn't want to appear over anxious. LOL.
 
Quote from Maverick74:

Don, it took you 7 hours to respond to that question. Everything OK? :)

Maybe since that post was complementary you didn't want to appear over anxious. LOL.
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I have my laptop on "sleep" - sorry about that, LOL.

Don :)
 
dont pay for " training" many of the former prop shops now charge for " training"- as they say " if you cant do it, teach it"
 
Quote from mgrund:

dont pay for " training" many of the former prop shops now charge for " training"- as they say " if you cant do it, teach it"
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Not that Don needs defending, but in terms of the training at Bright, they are not teaching you how to trade. They are simply teaching you the rules of the game. Most of it you think would be common sense but you would be shocked at how many people don't know the basics. Just wanted to make that distinction.
 
Quote from Don Bright:

PS: $1250 is very reasonable. I wouldn't mind attending just to observe the mindset of the other traders, successful and not successful. Does $1250 include a free ride from the airport in Don's car?


Thanks, can't pick you up in Bugsy's car (you may be able to see it at the Tropicana exhibit), but our May 7-9, 3 day class, including our Pairs Trading classes with Rob Friesen from Canada, is $1,000 - but only $750 for those of you on ET. That $250 can buy some extra chips in the casino's, LOL....

Come join us. Call 702.739.1393. We are doing 3 classes per year in 2012, this is number two.

www.stocktrading.com/training.html

Don:)
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Hi Don...

Have you ever "hired" traders without making them take the class...?

If an experienced trader with a previous prop firm and a legit record applied to you... Would you make them take the class...?
 
Quote from mgrund:

dont pay for " training" many of the former prop shops now charge for " training"- as they say " if you cant do it, teach it"
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The idea of a firm charging money for 5-10 days training before you join doesn't sit right with me either...
 
Quote from Don Bright:

Thanks, can't pick you up in Bugsy's car (you may be able to see it at the Tropicana exhibit), but our May 7-9, 3 day class, including our Pairs Trading classes with Rob Friesen from Canada, is $1,000 - but only $750 for those of you on ET. That $250 can buy some extra chips in the casino's, LOL....

Don:) [/B]
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May 7-9th are all weekdays. The opportunity cost of missing those three days is higher than the training fee. I'm sorry I can't make it.

For your top guys who will show up at the training, wouldn't their opportunity costs be very big? Unless they're fully automated, I guess they will have to be paid handsomely just to be there (bringing back trading vs teaching argument).

Maverick74 mentioned that the speakers will teach the rules of the game, not some secrets to making money, which is most likely true. But for something like that, why bring in top guys when an average guy could do the job? Maybe for marketing value?

I don't want to discredit your training. Your fee of 750-1250 is the most reasonable out there. Other courses that I see online that charge 5-10K feel like rip-offs. I have never taken any course though so that's just my opinion. My only tuition was paid, and is still being paid, to the market. At $10/hour, 1250 equates to 125 hours. At 8 hours per day, that's about 15.5 days. Someone new can learn the tools of the trade with you in that period, which is faster than if he tries to find out everything on his own. $1250 is justifiable here. For the experienced guys, the money maybe more enjoyably spent at the Las Vegas shows or at the casinos. In this case, $1250 is a bit high for entertainment value.

It would be nice though if you have a course running on Sun - Tues where the students learn the tools on Sunday and see the two top guys with different styles just trade, with minimal talking, for full day on Monday and Tuesday. Probably won't happen, but it will definitely crank up the entertainment value imo.
 
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