Inside the Trading Empire of Bright Trading

Don Bright · Dec 9, 2011

Million Dollar buy in poker tournament... you guys "in"?

My brother had dinner with the guy putting this thing together, July 2012.

Keep your fingers crossed, don't want my brother's kids to go broke if he loses their inheritance, LOL.

I played in the last "biggest buy in" game (only $50k) a few years back with Bob and some of our traders and others. Not going to be in this one, just Bob. Can't seem to find the youtube of it... it's out there somewhere.

http://flapsblog.com/2011/06/02/wor...ournament-on-july-1-2012-to-benefit-one-drop/

Other guys:

ONE DROP has received commitments from 15 participants thus far. They are: Guy LalibertÃ©, Chair of ONE DROP and Founder of Cirque du Soleil; Bobby Baldwin, four-time WSOP gold bracelet winner and President & CEO City Center Group; Phil Ruffin, Owner, Treasure Island Resort, Las Vegas; poker professionals Patrik Antonius, Gus Hansen, Daniel Negreanu, Johnny Chan, Tom Dwan and Tony Guoga. Quebecâs Casinos and a European group intends to offer satellites as well, plus a prominent businessmen will also join, in addition to Andy Beal

I guess Bob might be the "prominent business man" - I really don't know, I just heard from Bob yesterday that he did actually commit to this thing...should be fun to watch.

Don

edit: Just FYI, this entry fee is about 20% of his trading profits this year I think...he's had a pretty good year...and who knows, maybe he'll win the stupid thing.

Maverick74 · Dec 9, 2011

Quote from Don Bright:

Million Dollar buy in poker tournament... you guys "in"?

My brother had dinner with the guy putting this thing together, July 2012.

Keep your fingers crossed, don't want my brother's kids to go broke if he loses their inheritance, LOL.

I played in the last "biggest buy in" game (only $50k) a few years back with Bob and some of our traders and others. Not going to be in this one, just Bob. Can't seem to find the youtube of it... it's out there somewhere.

http://flapsblog.com/2011/06/02/wor...ournament-on-july-1-2012-to-benefit-one-drop/

Other guys:

ONE DROP has received commitments from 15 participants thus far. They are: Guy LalibertÃ©, Chair of ONE DROP and Founder of Cirque du Soleil; Bobby Baldwin, four-time WSOP gold bracelet winner and President & CEO City Center Group; Phil Ruffin, Owner, Treasure Island Resort, Las Vegas; poker professionals Patrik Antonius, Gus Hansen, Daniel Negreanu, Johnny Chan, Tom Dwan and Tony Guoga. Quebecâs Casinos and a European group intends to offer satellites as well, plus a prominent businessmen will also join, in addition to Andy Beal

I guess Bob might be the "prominent business man" - I really don't know, I just heard from Bob yesterday that he did actually commit to this thing...should be fun to watch.

Don

edit: Just FYI, this entry fee is about 20% of his trading profits this year I think...he's had a pretty good year...and who knows, maybe he'll win the stupid thing.

So that's where all those commission dollars go! Are you paying attention LEAPup? Just kidding Donny Boy. I kid the Don.

Don Bright · Dec 9, 2011

Quote from Maverick74:

So that's where all those commission dollars go! Are you paying attention LEAPup? Just kidding Donny Boy. I kid the Don.

I anticipated something like that...that's why I noted his 2011 trading profits... LOL.

Should be good TV...

PS did you get the Redi file ok?

Don

Maverick74 · Dec 9, 2011

Quote from Don Bright:

I anticipated something like that...that's why I noted his 2011 trading profits... LOL.

Should be good TV...

PS did you get the Redi file ok?

Don

Yes Don. Thanks! I guess now I owe you an airport pickup.

lwlee · Dec 9, 2011

Geez, i thought the standard procedure for these $100k or more buy-ins, was to get several people to take a piece of you ala "The Corporation" back a few years ago when Doyle, Phil Ivey and Co. took on Andy Beal.

Fronting the entire million? That's some big balls.

I doubt any of the better poker pros will be able to do it.

Quote from Don Bright:
edit: Just FYI, this entry fee is about 20% of his trading profits this year I think...he's had a pretty good year...and who knows, maybe he'll win the stupid thing.

Don Bright · Dec 9, 2011

Quote from lwlee:

Geez, i thought the standard procedure for these $100k or more buy-ins, was to get several people to take a piece of you ala "The Corporation" back a few years ago when Doyle, Phil Ivey and Co. took on Andy Beal.

Fronting the entire million? That's some big balls. I doubt any of the better poker pros will be able to do it.

I hear ya.... most of these guys, several of whom I know pretty well are still gamblers at heart...opting to play even the stupid games thinking they can always get someone to back them again for the WSOP or cash games. Andy Bloch, Barry Greenstein, Chris Ferguson and a couple of others are the exception... they actually respect the game and the money.

Have a good weekend everyone...

Don

Maverick74 · Dec 9, 2011

lwlee · Dec 10, 2011

Ferguson and Howard Lederer are crooks. They had the golden goose and f*cked it up. They should get locked up. They couldn't just be happy making an easy several million a year. They had to treat Full Tilt like their own piggy bank. If they had managed their business like PokerStars, at least they would still have a viable business.

Poker was enjoying unprecedented popularity and gaining legitimacy. But then, Hamilton and UltimateBet, decided to cheat online players by looking at the hole cards. Now even the supposedly "good" guys, Ferguson and Lederer, are robbing people. It plain sucks.

Quote from Don Bright:

I hear ya.... most of these guys, several of whom I know pretty well are still gamblers at heart...opting to play even the stupid games thinking they can always get someone to back them again for the WSOP or cash games. Andy Bloch, Barry Greenstein, Chris Ferguson and a couple of others are the exception... they actually respect the game and the money.

Have a good weekend everyone...

Don

lwlee · Dec 10, 2011

Kinda makes sense. Less chance, younger people have the cash to trade.

Quote from Maverick74:

Oh man, this is classic. Don, your trading group looks like an AARP convention. Where do you find this people? Local retirement communities? Would it kill you guys to put some art on the walls?

Maverick74 · Dec 10, 2011

Quote from lwlee:

Kinda makes sense. Less chance, younger people have the cash to trade.

I use to work on a daytrading floor in NY with 800 traders of which maybe 5 were over the age of 30.

Here is T3's trading floor in NY.

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