can you name few of those dutch prop firms?
im aware of quite a few dutch market makers but wasnt aware of pure prop shops
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Swift Trade vs. Brite Trading convince me which is best...
- Thread starter bruins1
- Start date
can you name few of those dutch prop firms?
im aware of quite a few dutch market makers but wasnt aware of pure prop shops
any other firms offer trading of asian markets?
Quote from Don Bright:
In any event, since we've seemed to move on...there is no fight here...I have a call into Charles, and hey, how many of you would log into a Paltalk audio discussion with he and to get the facts, from both of us about our business models....?
If we get enough interest, I'll get it set up.
To my friend Momo, I really wish we could meet in person, my treat (to a point, don't know where you live, LOL).... somehow, somewhere along the line, I must have said or done something that may have been misconstrued.
Had that same thing happen with my now, good friend, Maverick 74 (Hi John).... a couple years back...the Paltalk discussion seemed to smooth things over for everyone.
Anyway, all the best to you Swifties, just please don't "Swift boat" me, LOL
Don
I am in if you tell charles and his 2000+ traders that the trading they do is not real. And charles promises to give examples of people (10+, managers he send to steal trading methods dosen't count) he send to bright. Also if there is no jokes about him paying fines the deal is off. So better have few written down. Like "Hahahaha charles remember the time SEC tried bringing down your company and your livelyhood, boy was that fun ROFLOL" or "Hey remember when OSC charged you and peter beck could have went to jail, boy I knew that guy loved gay porn. But to go this far to get some... LOL". Deal Don? When i wake up I will give you couple more if you want.
Quote from kiloj12:
I have seen many Swift traders come to elitetrader and post fantastic results. One trader seemingly made a million in 1 year and had posted his picks/calls throughout the site.
I have not seen any Brite traders on the board. Don, do the Brite traders exist on this website where we can see their calls and trading success?
What results? Its a retail trading operation, 95% fail. They make money on commissions and training. No need to worry about results. The 5% is good enough to keep reeling in newbies with dreams. LOL
Unlike Swift where if the trader doesn't make money Charles doesn't make any. And if the trader looses money its the office owner who eats the loss. Don never eats the loss. As he requires deposit. Thats why he must do marketing in every post. To get REAL traders to come and pay him commision and training dollars.
Quote from swiftmike99:
I am in if you tell charles and his 2000+ traders that the trading they do is not real. And charles promises to give examples of people (10+, managers he send to steal trading methods dosen't count) he send to bright. Also if there is no jokes about him paying fines the deal is off. So better have few written down. Like "Hahahaha charles remember the time SEC tried bringing down your company and your livelyhood, boy was that fun ROFLOL" or "Hey remember when OSC charged you and peter beck could have went to jail, boy I knew that guy loved gay porn. But to go this far to get some... LOL". Deal Don? When i wake up I will give you couple more if you want.
Hmm, "steal trading methods"? I have invited Charles and his people down several times to see what we do and how we do it. We chatted a lot about various black box pairs programs. And, although frightfully aware of the OSC and the charges you refer, they were more personal to Peter, and I don't see any reason to bring that up....but, Charles might want to since they haven't really gone anywhere (as far as I know now, haven't followed up lately). "Gay Porn?" I may have missed that, sorry.
I'll just cut and paste all of this and pass it along, see if we can bring some positives out of what has been perceived as negatives.
You know, so much of what goes on here on ET is either misunderstood or agenda driven (and I've been on the receiving end of a lot of it over the years, LOL (yeah, I know, too many LOL's over the years, but the truth is, I smile a lot, I enjoy my life), but I'm still a "glass half full" type person, and I think when people meet face to face without aliases etc., that most things can be worked out for the better.
Send me an email to donbright@brighttrading.net (hopefully with your real name, although I guess a few on ET know who you are), and I'll put something together...heck, market is a bit slow, might as well have some "drama" (yes, LOL again).
We use something called TeamSpeak for our Company chat rooms etc., it's free, and I can set you up with one of our passwords...maybe one day after the close next week (I have schools and boot camps the following weeks).
Oh, and I apologize for this, there is no ill will between you and Charles is there? Or any other reason to not do this? If so, just PM me and we can drop it...no "malice" or anything intended from my end. Heck, after a decade on the various trading floors, online "discussions" are just for fun.
And, FWIW, I agree with some of your posts about "shilling" - I've stayed of many threads where "Shill Trading" has been posted by TMDirect, cracks me up, (one more), LOL.
Hey Atticus, Maverick, following this? Join us, might be fun.
All the best,
Don
One more thing, sorry... I wrote an article for TASC that should show up in Sep issue I think, outlining the various business models for trading firms...hoping to clarify some issues that I've seen posted here. If anyone needs a free one year Subscription, PM or email me, I'll hook you up.
Quote from swiftmike99:
What results? Its a retail trading operation, 95% fail. They make money on commissions and training. No need to worry about results. The 5% is good enough to keep reeling in newbies with dreams. LOL
Unlike Swift where if the trader doesn't make money Charles doesn't make any. And if the trader looses money its the office owner who eats the loss. Don never eats the loss. As he requires deposit. Thats why he must do marketing in every post. To get REAL traders to come and pay him commision and training dollars.
Yeah, well, just for fun and fact, you might note that well over half our traders have been with us more than 6 years (as posted here for the SEC and everyone else to see). And, as posted here, we have "eaten" $millions over the years (nobody's perfect I guess). But unlike my friends at Swift, our traders don't give away half or more of their profits either. Just simply different business models.
Even the "true prop" model where a trader might not put capital up to begin with, the Firm charges commissions, and the trader has to keep $$ in the account, which is his, and he still gives away half of his profits (or some percentage)...and if he doesn't make money, he can't stay. Same outcome, only our people prefer to keep all their profits by merely putting some money from one pocket to another. The Stock Exchange Floor Trading model, that my brother and I enjoyed for so long from the other side.
As noted in the other response (sitting here on Saturday waiting to take my grandson to a Street Car show here in Vegas), some prefer to run a trading business, some prefer to be employees, some don't mind putting up some capital, some can't or don't want to.
Really no big deal....our top traders really do share with newbies and even with highly experienced traders, what they do, and the tools they do it with. The money we make from training is very minor, just helps cover the other traders who take the time to help.....our money is made when traders prosper...stay a long time...increase share volume, etc. Some have actually given us bonuses of their profits, just to thank us (we thought that was pretty nice).
Anyway, time for that car show....and 113 degrees of "dry heat"
PM me about next week if you're up to a TeamSpeak meeting with Charles etc. Some of the guys here would likely enjoy it.
Don
To Copernicus....one of my long time, top (very top) traders is located in Amsterdam...PM me if you like, and I'll ask him what he knows about any local type firms.
Don
Don
Quote from Don Bright:
To Copernicus....one of my long time, top (very top) traders is located in Amsterdam...PM me if you like, and I'll ask him what he knows about any local type firms.
Don
Don don't even bother with this crap, everyone who COUNTS knows Swift is a video game, the burn shop
Quote from Mom0/pH0x:
there's alot of bullshit in this thread, NONE of the swifties i know trade primarily for rebates... in fact across swift trade as a whole, 90% + of their traders actually cross the market to get in and PAY to TAKE liquidity... people who get rebates are a minority and people who actually TRADE FOR REBATES are a stark minority... this is first hand information...
swift also provides access to markets across the world, maybe bright does too, but i don't know of any bright traders trading euronext, omx, nikkei LSE etc.
don's pejorative jabs re: "real trading" is a pretty tasteless maneuver even for bright... i would bet that the success rate for swift is dramatically higher than for bright... also the fact that bright's rates are roughly 50 times swift's rates certainly isn't in bright's favor.... also the disinformation with regard to swift being a rebate trading shop(at least post circa 2004) is also a (new) stain on bright's credibility
that being said the very simple answer to the question is- if you want to hold overnights and trade multiday timeframes, bright is better... for anything else and all things intraday swift is better...
I've traded with both Swift and Bright for good periods of time and would find it very hard to believe swift has a higher success rate than Bright.
How many branches of swift have closed down over the years are you telling me the big numbers are coming from Asia?
You don't hear about the top traders at Bright because they have better things to do than waste time with the constant nonsense and negativity permeating here. Rob doesn't waste his time here and i've never heard someone at swift consistently posting 5/6 figure days like he does.
Obviously you get a lot of losers at all firms and all firms you'll get good traders making good coin. You can do well at swift but a firm like Bright attracts more talented individuals...case in point on my IM list i have: a friend who used to trade Bob's personal account, a former VP at Oppenheimer, a former fund manager, my buddy with an MBA who's career goal is to run a hedge fund in a few years, guys with CFAs, ect. And what about guys like Darren Clifford, Brandon Adams, Bob Bright - who probably has more trading prowess than all of swift combined!
Conversely the top trader at my old swift branch isn't even trading anymore! All of those guys moved on to different avenues; whether it be trading or something else it wasn't with Swift. If they were making such big dollars and knew there were lots of profitable traders w/n Swift they would move to another Branch. In fact aren't there rampant threads about swift losing all their talent to WTS and Title? There are highly talented traders that started at swift, no doubt - but how many highly skilled traders go there after being successful. I think of Swift as MLS and firms like Bright (where most traders have been with them for years and not a couple months) as a European premiere division. A real superstar player in MLS will move on to a better league where his potential can truly be fulfilled.