Swift Trade vs. Brite Trading convince me which is best...

[Shreddog]

Quote from Don Bright:

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).

I was hoping to just sit back and enjoy the "debate" but nothing Don says annoys me more than this chestnut. It is so incredibly misleading.

So what you are saying is that those traders that make it to profitability stick around with you a long time. All well and good. But it speaks nothing to how many traders you churn through that never make it. The casual reader might very well infer that you have a less than 50% failure rate, which we both know is not remotely the case.

It is the most misleading thing you post on these boards and you've been called on this very same statement before. So I don't get the feeling this is an honest mistake. I think your compliance officer needs to be paying more attention.

 

[Copernicus]

Quote from GGSAE:

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.

two completely different business models.

if you have a proven strategy that is not based on low commissions, than Bright is the place to be because of good leverage overnight. saying that you already must be a successfull trader and 25k or whatever you put down is not a big deal.

seems that outside of FNYS, swift is the only one out there at the moment with access to multiple international equities markets. depending on your trading style that might be a better deal even with much lower payout.

 

[swiftmike99]

Quote from Don Bright:


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.

So you backed away from the deal by marketing your company over and over again and backing away from your previous statments. I have nothing against charles and peter beck I think both of them are tremendous business people. They are so good they don't have to come him and defend themselvs everyday on this board. Their busines sucess speaks for them self. People leave Swift for payout reasons. If Charles and Beck caved in places like Title and WTS would have no need to exist. But they didn't, and that's why Swift is the best place to start and has been for the last 8 years. For some its good after for others its good somewhere else. Many stay as the like the atmosphere the office manager and access to other markets.

As far talking to you I will pass, if I wanted to talk to someone I can't stand I would just call my ex-wife. LOL I heard from many people who met you it's a waste of time.

 

[Don Bright]

OK, not sure what that response was about, so I'll just let the previous posts speak for themselves. It just really hurts me to see such hostility, I wish you the best. If at some point you want to chat, private or otherwise, I'll be here...no feelings hurt or anything resembling being upset with you, we are who we are, no big deal.

And to the poster who said something about 50% success rate, not at all. My historicals show that, unlike all business ventures where 90% are gone the first year, over half our new people are here the second year, we lose more after that. My point about the long term traders is more directed at firms that claim to offer something we don't....since they can choose to go anywhere they choose.

Anyway, had a ball with my grandson at the car displays today... he's only 4 but was especially drawn to candy apple red corvette.... "that's my boy" LOL.

What a great day...family is so important... gotta take some time to enjoy them.


All the best,

Don

 

[swiftmike99]

Quote from Don Bright:

OK, not sure what that response was about, so I'll just let the previous posts speak for themselves. It just really hurts me to see such hostility, I wish you the best. If at some point you want to chat, private or otherwise, I'll be here...no feelings hurt or anything resembling being upset with you, we are who we are, no big deal.

And to the poster who said something about 50% success rate, not at all. My historicals show that, unlike all business ventures where 90% are gone the first year, over half our new people are here the second year, we lose more after that. My point about the long term traders is more directed at firms that claim to offer something we don't....since they can choose to go anywhere they choose.

Anyway, had a ball with my grandson at the car displays today... he's only 4 but was especially drawn to candy apple red corvette.... "that's my boy" LOL.

What a great day...family is so important... gotta take some time to enjoy them.


All the best,

Don

Sent you an email. I was politely asked not to swift boat you...

 

[fxlmnop]

Swiftmike...why don't you talk to Don and bury the hatchet...or at least explain all the hate...been reading all these posts and can't seem to find why there is a grudge...I'm in TO and know guys who have traded at swift...they say it's a good place to start..but not a real long term place...and guys who have went to Bright and enjoyed their time there as well...anyway...good weekend to all.

oh ya...my first post so be sure to be skeptical etc. I lurk..not interested in posting as I trade during the day...weekend I read posts.

 

[swiftmike99]

Quote from fxlmnop:


oh ya...my first post so be sure to be skeptical etc. I lurk..not interested in posting as I trade during the day...weekend I read posts.

Awsome. you are so busy and so cool for us mortals to grace us with your amazing presence. When I read your post I went down on my knees, offered my blessings to all the directions (north south east west) then to Mohamed (PBHU) and then to you.

 

[Don Bright]

Quote from swiftmike99:

Sent you an email. I was politely asked not to swift boat you...

Ah, geez...thanks for the email, and let me assure you that I said nothing to ET or any moderator about any of this. I feel perfectly comfortable discussing anything with anyone.... over the years, I have prided myself on going from "boardrooms to bar rooms" to meet and chat with anyone about anything.

Heck, over the years, these types of threads have brought a lot of interest, some good, some not so good.

The reason I first came to ET, so many years ago, was because a new "competitor" (underlings, not owners), were actually paying traders to steal Bright Traders, actually paying them...so (whoda thought?), they started posting all sorts of lies about my brother, my family, my Firm, and getting really personal.

So, I joined ET, without an alias (heck I'm "donbright" on AOL, yahoo, and virtually everywhere else...for 20 years or more)..... to simply refute the lies...without seeking retribution or anything. The really funny thing that happened, is that, by doing all that, we ended up nearly doubling the size of our Firm in the next time frame, due in part from our presence here.

I know full well, that everything I post is scrutinized by Regulators, so I make damn sure I don't "lie" or bs anyone here. Sure, I'm proud of our Firm, I'm proud of the traders we've helped over the decades, and I actually enjoy the Cyber Neighborhood we enjoy here. And, yes, I am a positive type person, who sees the glass half full.... and I also fully realize that Bright Trading has some who don't like us, for whatever reason, but the positive feedback we've enjoyed far outweighs the the negative.

FWIW, I have also, without fanfare or self promotion (believe it or not), gone to the wall for many traders from other places who have run up against the "dark side" of trading firms etc.

Anyway, Mr. Swiftmike, I, too, have a few ex wives I can call for abuse, so let's just part as gentleman, or look back and laugh over a beer at some point. Life is too short for negatism, IMHO.

And, to all the rest of you, check out Swift, WTS, and whoever else is in Canada, Echo, Assent, and whoever else may be left in the U.S....we'll be here.

(hmm, probably one of my longest posts, LOL).

All the best,

Don

 

[swiftmike99]

Quote from Don Bright:

Ah, geez...thanks for the email, and let me assure you that I said nothing to ET or any moderator about any of this. I feel perfectly comfortable discussing anything with anyone.... over the years, I have prided myself on going from "boardrooms to bar rooms" to meet and chat with anyone about anything.

Heck, over the years, these types of threads have brought a lot of interest, some good, some not so good.

The reason I first came to ET, so many years ago, was because a new "competitor" (underlings, not owners), were actually paying traders to steal Bright Traders, actually paying them...so (whoda thought?), they started posting all sorts of lies about my brother, my family, my Firm, and getting really personal.

So, I joined ET, without an alias (heck I'm "donbright" on AOL, yahoo, and virtually everywhere else...for 20 years or more)..... to simply refute the lies...without seeking retribution or anything. The really funny thing that happened, is that, by doing all that, we ended up nearly doubling the size of our Firm in the next time frame, due in part from our presence here.

I know full well, that everything I post is scrutinized by Regulators, so I make damn sure I don't "lie" or bs anyone here. Sure, I'm proud of our Firm, I'm proud of the traders we've helped over the decades, and I actually enjoy the Cyber Neighborhood we enjoy here. And, yes, I am a positive type person, who sees the glass half full.... and I also fully realize that Bright Trading has some who don't like us, for whatever reason, but the positive feedback we've enjoyed far outweighs the the negative.

FWIW, I have also, without fanfare or self promotion (believe it or not), gone to the wall for many traders from other places who have run up against the "dark side" of trading firms etc.

Anyway, Mr. Swiftmike, I, too, have a few ex wives I can call for abuse, so let's just part as gentleman, or look back and laugh over a beer at some point. Life is too short for negatism, IMHO.

And, to all the rest of you, check out Swift, WTS, and whoever else is in Canada, Echo, Assent, and whoever else may be left in the U.S....we'll be here.

(hmm, probably one of my longest posts, LOL).

All the best,

Don

I was silenced, you are a sponsor after all unlike crook Simon Liberati from WTS. all the best...

 

[GGSAE]

Quote from Copernicus:

two completely different business models.

if you have a proven strategy that is not based on low commissions, than Bright is the place to be because of good leverage overnight. saying that you already must be a successfull trader and 25k or whatever you put down is not a big deal.

seems that outside of FNYS, swift is the only one out there at the moment with access to multiple international equities markets. depending on your trading style that might be a better deal even with much lower payout.

I didn't say you had to be a successful trader, the point i was trying to make was in reference to whoever said that swift had a better profitability percentage of traders. Obviously you get all types in this business but the average bright trader treats trading more differently than someone at swift.

I'll give them marks for expanding to other markets but conversely it's a firm that tends to limit creativity. I could show them a consistently profitable and effective overnight strategy with very reasonable risk yet i guarantee they wouldn't even listen.