Prop Firms And Credibility And Blogs?

Quote from maxalpha:

I agree. Bright Trading has a turnkey $100 website. For a firm making millions of dollars a year you'd think they could spend 5K on a decent website redesign. They don't understand that this investment will pay itself a hundredfold in new business. That's internet marketing 101.

Welcome to the 21st century, Bright Trading! Now get your act together and try to look professional!:p
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I second (or third now!) to that point!
 
Quote from cubsguy81:

I second (or third now!) to that point!
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LOL...you know it's funny how the website either works, or doesn' t work for some people. I, of course, do it myself with a little help from my IT guy...which explains how basic it is. I got the URL in 1994 I think, a half hour before a friend of mine tried to get it and ended up with stocktrade.com.

About half the people who mention it say that they get turned off by "fancy" websites, and that it's refreshing to see a a basic site that simply shares information vs. trying to show off the latest "slick" stuff available.

I actually did pay a whole $100 12 years ago for "fancy" ... LOL

http://web.archive.org/web/19971222092024/stocktrading.com/pg4exec.html Animated GIF's and all, LOL.

At least "fancy" for the time.

All that being said, I am looking among my traders to see who might want help with a new look. Can't be too fough to update however, since I need to constantly update it.

All the best,

Don
 
One of the firms in the OP's post was nextleveltrading.net

Does anyone have any experience with them? I've been looking at them recently. Gonna download their demo soon.
 
Quote from Don Bright:

FYI...Professional, licensed firms are somewhat limited when it comes to "advertising" as compared to retail firms.

FWIW,

Don
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What in the world does this mean?

Why don't you just say, you know, "the truth"...
That you are a US broker-dealer or whatever...
Subject to NASD Advertising Regulation or whatever...
But that doesn't stop you from having a radio show...
> 10,000 promo posts on ET...
And a huge, 90s web site...
Extensive interstellar communication with aliens, etc.

The spin never stops.
 
Quote from DeeDeeTwo:

What in the world does this mean?

Why don't you just say, you know, "the truth"...
That you are a US broker-dealer or whatever...
Subject to NASD Advertising Regulation or whatever...
But that doesn't stop you from having a radio show...
> 10,000 promo posts on ET...
And a huge, 90s web site...
Extensive interstellar communication with aliens, etc.

The spin never stops.
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Thank you for stating in more detail the scrutiny that we're under. Everything that is posted, placed, joined into, etc. reviewed by Compliance, including all the stuff here (Hi Diane).....Most of what we try to do is communicate through education (Magazine column, Radio shows, workshops, college classes etc., and even quite a few daily questions here via PM). And, sure, a few basic "paid" ads from time to time.

No aliens that I know of, except perhaps here on ET from time to time, LOL. Sorry if a few of you choose to "spin" what I do differently....but after 30 years in the industry, I'm pretty proud of what we've accomplished, as traders, and as a reputable firm.

All the best,

Don
 
Quote from paul_alan:

One of the firms in the OP's post was nextleveltrading.net

Does anyone have any experience with them? I've been looking at them recently. Gonna download their demo soon.
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Nothing but a positive experience. Gil Jo has been my coach and he definitely puts time and effort into helping me the trader that I am today. I was at other bigger prop firms but I never got any worthwhile training and thus blew several "big" accounts.

I'm in the game now but more than that I understand the game and now am part of the game.

My advice would be to get training from Gil - he's unlike any of the other trainers I've met during my prop trading.
 
that is the goal the powers to be want to shut the down the exchanges which are running the markets like a casino. don't you get it?

it's the end of prop trading.

as far as i'm concernt the exchange only need 3 guys and a computer server in a 10X10 room to operate.

these exchanges are printing money for providing nothing of value to the economy or traders.

Quote from Don Bright:

I'm pretty sure they will exempt market makers, and exchange member firms and licensed traders...or else the exchanges will shut down overnight. Their target, as my people tell it, are the hedge funds and others trading OPM.

Regarding the Wall Street layoffs, it's been pretty dramatic, and many would rather trader than go without a job. My point was simply that over the last few months our numbers have gone up significantly from Wall Street lay offs vs. the general trading public. Many are already licensed which makes the transition easier of course.


All the best,

Don
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I don't have quite the same sense about what is trying to be accomplished with any sort of taxation on equities trades. I do agree that continued consolidation of the Exchanges will take place going forward. They've done a lot already. One of the primary reasons for exchanges, brick and mortar or electronic, is give confidence to those exchanging large sums of money, sort of like Escrow for Real Estate. Transfer of cash or securities needs some sort of independent clearing house, IMO.

Don
 
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