On a side note I had a serious discussion with my boss and looks like my contract will finally be done this week. Quite honestly our team had a rocky start but thankfully it won't count against me as I was never "officially" in charge.
He was pleased with my recent recruitings and gave me the license to kill. I will be able to outbid everyone include Bright & Echo rates, provided of course, the trader can come up with even half of the capital that they have to put up at those other firms and some sort of verifiable track record.
A look at Bright & Echo's 2002 pricing schedule indicated that Bright is capable of going as low as 0.75 cent per share for someone who does 3 million shares a month, and Echo didn't really say how low can they go. Well, I am allowed to go as low as 0.65, and if it is some super duper mega scalper, my boss is not afraid to hit them with 0.5 cents a share.
My boss finally acknowledged my legit concerns of those trading firms as high powered competitors, and he put together a "starter's kit" to battle Bright's equivalent.
For example, Bright offers 100% payout, no ticket charge, 1 cent a share, to anyone who can come up with 15K.
My boss is offering the same thing, WITHOUT the $400 a month desk fees, regardless of whether you trade 1 million shares a month or 10000 shares a month. And we will beat any rate you currently pay, by at least 0.05 a share. And they will be able to trade bigger sizes at equivalent capital contributions.
This is just an example of how aggressive our owner is in his quest to eventually create the most powerful day trading firm in this country, and he wants me to do some of the grunt work. So if anyone is interested, just e-mail me your current rates and I will tell you what I can do to put more money in your pocket.
The goal is to build the best possible team, and the mark of a great recruiter is his ability to bringing people who are ALREADY consistently profitable (if you are averaging $500 a day you probably won't want to move around too much).
He was pleased with my recent recruitings and gave me the license to kill. I will be able to outbid everyone include Bright & Echo rates, provided of course, the trader can come up with even half of the capital that they have to put up at those other firms and some sort of verifiable track record.
A look at Bright & Echo's 2002 pricing schedule indicated that Bright is capable of going as low as 0.75 cent per share for someone who does 3 million shares a month, and Echo didn't really say how low can they go. Well, I am allowed to go as low as 0.65, and if it is some super duper mega scalper, my boss is not afraid to hit them with 0.5 cents a share.
My boss finally acknowledged my legit concerns of those trading firms as high powered competitors, and he put together a "starter's kit" to battle Bright's equivalent.
For example, Bright offers 100% payout, no ticket charge, 1 cent a share, to anyone who can come up with 15K.
My boss is offering the same thing, WITHOUT the $400 a month desk fees, regardless of whether you trade 1 million shares a month or 10000 shares a month. And we will beat any rate you currently pay, by at least 0.05 a share. And they will be able to trade bigger sizes at equivalent capital contributions.
This is just an example of how aggressive our owner is in his quest to eventually create the most powerful day trading firm in this country, and he wants me to do some of the grunt work. So if anyone is interested, just e-mail me your current rates and I will tell you what I can do to put more money in your pocket.
The goal is to build the best possible team, and the mark of a great recruiter is his ability to bringing people who are ALREADY consistently profitable (if you are averaging $500 a day you probably won't want to move around too much).
