Remote trading with Bright

[Don Bright]

Quote from Cy_M:

Sorry, don't intend to seem argumentive just trying to educate myself.......isn't 1 es contract worth about $64,000 at 1280? then wouldn't that be at $500 day marging like 128 times leverage?
What would the similar scenario be in equities? how much leverage does 1 get trading a $20 stock(trading on his own with his own capital Vs, trading for a reputable prop firm like Bright)?

We really don't concern ourselves with the "amount" of capital used, we monitor risk instead. We allow new traders 5,000 shares max per stock, and 10,000 aggreage...and we don't care if it's a $15 stock or $45 stock, so you can see there is quite a difference in the amount of capital being used. And, again, as you are with us, and participate in strategies that my be capital intensive (openings, pairs, M&A, etc.) we have no problem increasing the amount you can use...but if you want to simply short 5,000 "GOOG" or something silly, we obviously wouldn't allow that.

If you are relatively new (and trained), and send in $1million worth of Opening Only orders, we have no problem with that either. It's not a matter of $$, it's a matter of risk.

Don

 

[JA_LDP]

Quote from Don Bright:

We allow new traders 5,000 shares max per stock, and 10,000 aggreage...and we don't care if it's a $15 stock or $45 stock, so you can see there is quite a difference in the amount of capital being used. And, again, as you are with us, and participate in strategies that my be capital intensive (openings, pairs, M&A, etc.) we have no problem increasing the amount you can use...but if you want to simply short 5,000 "GOOG" or something silly, we obviously wouldn't allow that.

Don

Can you define "aggreage?" I looked it up at dictionary.com and found nothing.

Thanks.

 

[Maverick74]

Quote from JA_LDP:

Can you define "aggreage?" I looked it up at dictionary.com and found nothing.

Thanks.

"Aggreage" is another word for price gouging.

 

[cashonly]

Quote from JA_LDP:

Can you define "aggreage?" I looked it up at dictionary.com and found nothing.

Thanks.

Look up "aggregate" on dictionary.com:

"Constituting or amounting to a whole; total: aggregate sales in that market." is the most appropriate definition (as opposed to the "The mineral materials, such as sand or stone, used in making concrete" definition )

Or in this case the total number of shares across all positions being held.

Cash

 

[Don Bright]

Quote from JA_LDP:

Can you define "aggreage?" I looked it up at dictionary.com and found nothing.

Thanks.

Geez, I guess I better start reading what I'm writing....thanks Cash for correcting my spelling.

Don:eek:

 

[krazykarl]

Quote from Don Bright:

Hmmm, well as I remember, Will Rogers said "I never met a pair I didnt' like" (or something like that)....but, no bunny ranch for us, we have delivery service, LOL.


Don

which office? i wouldn't mind working there.......

 

[optionzztrader]

Yo Mr Don/ Mr Cash

What are the start up costs to trade remote at Bright?

Also, due to not hopping aboard with a broker for awhile, I don't have a series 7 anymore. So I know that will add to my costs.

I assume your trading platform has stop limit orders. Sorry for such naive question, but I have never traded proprietary in my life, so I don't know what to expect. I know your platform has hotkeys, which I am not interested in using. I don't care to scalp. I can swing trade during the day. Hell, I don't even have to use indicators.

I'll probably come up with some additional questions later on. These are the only ones I had at the moment. Sorry if you have answered the startup cost question before, but I can't find the answers at the moment.

Thanks for your time.

 

[tradecrumbs]

Quote from nysekiller:

Anyone out there trade remote with Bright? If so what has been your experience with them? How are the fees, their software, and your ability to use capital?

This thread starter sounds almost identical to the person who started the Cy group thread. I wonder if they are the same person. LOL. I guess daytraders have no life. lol. Read the below first line and the first line to first post on this thread. They are "identical"
http://www.elitetrader.com/vb/showthread.php?threadid=73570

 

[tradecrumbs]

Quote from ImamicPH:

Can I get in with no money down?

Me too. Can I get in with no money down?

 

[daytrademargin]

I would like that offer also.