Rumor: Bright Trader blows up and loses millions

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Quote from simon1080:

Szeven ..

Do you operate the swift branch in Victoria?

Are you taking in new people?
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Yes, Victoria, and no i dont hire people. There is a WTS branch here now, although im not sure they do either.
 
Don,

I think it's time for you to sign off this thread and let it die. You've been kind enough to address the question, even when you didn't have to. I've taken a huge position and gotten beaten because of it but you can't focus on that isolated event without considering all the ones that DID go my way. Shit happens. You just lick your wounds and move on. You can't work in this business without getting your head handed to you once or twice in your career.

Here's to hoping the SEC will ban short selling so the Dow can be up 1000 tomorrow :D

Quote from Don Bright:

LOL, well, with hundreds of traders, and one guy, who happens to be a friend of my brother's...just not a big deal. With hundreds who are more typical traders under direct risk control, we have had very few traders get hurt at all.

If you think about it, this event actually backs up what I've been saying all these years. One event in 16 years, with directional positions, blows up...... is just not a big deal, and will certainly serve as an example for the other traders.


All the best,

Don
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