I'm Considering Bright Trading

Do you really think that as a new trader putting up 5k that a prop firm is going to let you trade 10k shares of, lets say, a $50 stock? Would you, as an experienced trader, want to work at a firm that lets new traders take that much risk?

There is a lot of money to be made in the markets but you have to learn the game first. 100 shares will NOT make you any real money, but thats not the point. If you are expecting to make any income for the first 6-12 months, you will most likely be very disappointed.
 
genesis, barkley, questrade, mintrel,hlv. I/B has great commiss for hi vol guys now and payout is 100%. There is no need to overpay for commiss - which is brights bread and butter imo.
 
Quote from niceneasy:

genesis, barkley, questrade, mintrel,hlv. I/B has great commiss for hi vol guys now and payout is 100%. There is no need to overpay for commiss - which is brights bread and butter imo.
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Thanks for the great response! What's I/B (interactive brokers?) and is that a prop shop? I thought they where retail only.
 
i agree brights a good firm but there commissions are way to high in this hugely competitive envirnonment. a new guy shouldn't be paying over .005
 
"put 3k down - get 20,30,:1 leverage. 85-100% payout."

Which prop shop does this? Do you have a link? Please PM me! THANK YOU!
 
Well, well...as always, anyone who is serious should probably just call me to chat. And, no, we don't let people come in with $3k (to save them, that is way undercapitalized)...and yes, our traders have initial limits of 5,000 shares per stock and 10,000 aggregate. Our rates are very competitive for Firm's that have adequate capital for traders to use ($1Mil or 2 minimum to make a good living in this business).

This is a serious business, and I'll be glad to discuss the details with any of you who are serious about trading for a living.

All the best,

Don

(No real need for either "bashing" or continuing the thread... serious traders just call or PM as we have been doing for 15 years or so).
 
Don Bright said:
Well, well...as always, anyone who is serious should probably just call me to chat. And, no, we don't let people come in with $3k (to save them, that is way undercapitalized)...and yes, our traders have initial limits of 5,000 shares per stock and 10,000 aggregate. Our rates are very competitive for Firm's that have adequate capital for traders to use ($1Mil or 2 minimum to make a good living in this business).

This is a serious business, and I'll be glad to discuss the details with any of you who are serious about trading for a living.

All the best,

Don

(No real need for either "bashing" or continuing the thread... serious traders just call or PM as we have been doing for 15 years or so).
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Miss ya Don.
 
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