Which Prop Firms provide the best mentorships and training?

jackdog11


well i guess , there is no name change after all it seems ?


I would not worry about bright, they are still making more money then most in the industry

the industry is on life support , all that matters if a trader can make money for themselves

there are plenty of prop firms out there still to choose from these days

don is a straight shooter & has strong opinions , so he can be a little rough around the edges

he does help others & that is hard to find these days , he is like a rock star on et

they are a old school firm with a good reputation
people trust them with there money , that is key for some people
if they lower there commissions to compete , get more platforms & reduce there capital requirement
they could be the dominate player with more traders then anyeone in prop

That will never happen, they do not need the money, there model works for them
 
Quote from Rocco11:Can someone clarify this. I hear that Bright guys are still trading pairs on non-automated systems. Is this accurate? If it is, why is anyone trading there? I know people are blaming firms for not changing their stripes, but it is very easy for traders to move to better situations if their year lock ups are over. I have had to use 5 different prop firms in my 15 year trading career. Very easy to move if you find a shop that fits your needs. Most firms won't adapt unless the traders start leaving en masse. By then it is usually too late. Moving firms costs time and some money, but usually worth it imo.
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From what I have been able to see trade decision support technologies have never been a priority at Don's shop. Plus if conversations with Don are any indication of technical expertise then they would be lousy at it if they tried.

Don is all over this board but NOWHERE does he completely define the deal he offers and for sure NOWEHERE does he even come close to defining success, failure and longetivity figures.

My belief is that lack of technology, high fees, training that produces high failure and the predatory business model are not just characteristics of this shop but of many of them and are the prime reasons for the decline in the industry. I just believe that Don is more technically inept, uncaring and more predatory than most of them.

Of course I have never traded with Don and he has never cost me anything other than the time I took to check him out. I do, however, feel for those who have lost fortunes.

Jack
 
Quote from hitnrun:jackdog11

well i guess , there is no name change after all it seems.....

Plainly you haven't seen their building lately - the sign at the top used to say Bright Trading now it's Stock Trading....

I would not worry about bright, they are still making more money then most in the industry Don may be making money but what about his traders? My guess is that in aggregate the sum of all the money earned by the few that earn any would never approach the losses of the many

don is a straight shooter & has strong opinions , so he can be a little rough around the edges certainly most would find him rough but "straight shooter"........certainly not me for one.

he does help others & that is hard to find these days , he is like a rock star on et a rock star to those who don't know any better maybe and given your ability to spell and punctuate - probably to you too...........
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Jack
 
Just drove by Don's shop.

Now there are 3 names on the building. A guy in the parking lot says he has been there 12 years but that there are only about a half dozen left from the 50 or 60 that used to be there.

Both the parking lot and building appear unkept with vast unused capacity in both.

Declining market share in a declining industry cries out for a short unless there is game changing technology or concepts in the works and Don has never been known for either.

Jack
 
Quote from JackDogII:

Just drove by Don's shop.

Now there are 3 names on the building. A guy in the parking lot says he has been there 12 years but that there are only about a half dozen left from the 50 or 60 that used to be there.

Both the parking lot and building appear unkept with vast unused capacity in both.

Declining market share in a declining industry cries out for a short unless there is game changing technology or concepts in the works and Don has never been known for either.

Jack
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Any pictures?
 
BTBldg2004.jpg
 
Where is proof Bright's training is good?

Are their money makers internally trained or are the self taught or recruits from elsewhere?
 
Thanks for the photo Mav. And, Vin Man. We offer training to everyone, and our friends at other firms send their new people here. We do about 3 classes per year, a one time fee of $1,000 ($750 for ET'ers this year), and we simply show as much as we can from basic platform setups all the way through automated trading. How to "beat" HFT, and how make money routing (yes, we can still do that).

And, traders, even from other places, can come back as often as they like. And, they should since the market is constantly changing.

October 22 is coming up, last class until 2013 guys.

Call 702.739.1393 to register.

Don
 
Quote from Don Bright:

Thanks for the photo Mav. And, Vin Man. We offer training to everyone, and our friends at other firms send their new people here. We do about 3 classes per year, a one time fee of $1,000 ($750 for ET'ers this year), and we simply show as much as we can from basic platform setups all the way through automated trading. How to "beat" HFT, and how make money routing (yes, we can still do that).

And, traders, even from other places, can come back as often as they like. And, they should since the market is constantly changing.

October 22 is coming up, last class until 2013 guys.

Call 702.739.1393 to register.

Don
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Don, you probably are a Gregory Peck fan. What did you think of my comparison of you to him? :)

You have to admit, there are many similarities to the dying equity model and the fictional New England Wire and Cable company.
 
Quote from JackDogII:

Just drove by Don's shop.

Now there are 3 names on the building. A guy in the parking lot says he has been there 12 years but that there are only about a half dozen left from the 50 or 60 that used to be there.

Both the parking lot and building appear unkept with vast unused capacity in both.

Declining market share in a declining industry cries out for a short unless there is game changing technology or concepts in the works and Don has never been known for either.

Jack
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As I've said previously, Nevada Residents have been a bit discouraged from trading in the office, extra fees involved. Many trade from home to avoid being "in the office." We just keep this as our training and corporate headquarters. Echo closed in Chicago, does that mean they are failing? Or just good management?

We had 80% of our traders in 40 offices a decade ago. Now we have 95% trading remotely, the rest in only 3 "brick an mortar" places. All thanks to technology and what I think is good management choices.

Don
 
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