Who Is Don Bright?

Quote from puretruth:

Echotrade has been around for some time, what do they charge in comparison with Bright ?

Echo is much cheaper than Bright. There are a lot of former Bright guys at Echo, mainly because of rates/software/blackbox access.

From what I have seen Bright is the best place for a newbie to go to because they have training and Echo does not. It is far better to pay a higher rate and have someone teach you how to trade than pay a lower rate with no guidance if you are new to the game.

But once a guy has it figured out and wants to take his trading to the next level they look around and seem to gravitate over to Echo. Echo does not really seem to even want newbies to the game, I have heard when people who have never traded before call in many times they tell them they should contact Bright and even give out the Bright vegas phone number.

For me now as an experienced high-volume trader I also am very glad Echo does not teach classes. There have been many credible rumors over the years that sometimes a trader figures out something really good and is with one of the firms that does teach classes, and a few months later the really cool thing he figured out is being taught in the classes after the firm saw him do it and the money dries up for him as a ton of guys jump on it. I know I have had some very good stuff running at Echo for many years and still have no competition on it (I would see it on time & sales if there were). That piece of mind would be worth paying more for to me but I also pay less, so a win/win for me.

Having said that though, Bright does have a lot of good things to offer, I would also tell any newbies that Bright is a great place to start. Both are very financially secure, very regulatory compliant (ie - no Tuco issues), and very straightforward about what you will get when you join. I would tell anyone that for me there are only two places I would consider, Bright or Echo. Bright if you need to learn how to trade, and Echo if you know how to trade.
 
Quote from Jachyra:

Are you aware that the stuff you say doesn't even make any sense or does it make sense in your own head? I was almost ready to respond until I got to your 3rd error (or lie, I have no idea) and 4th contradiction of your own words... and then I realized... ahhhh, another one of those failed traders who has an axe to grind... either that or you're too inexperienced to know better.

Good luck with your "trading" (although I'm sure you're probably the only one who calls it that)

I doubt this guy even trades for a living, he's just so negative in every post it's hard to believe he's living a happy life, trading profitably. If he was doing well, why would he care about other traders and what rates they pay, who cares what other people do?
 
Hey Naz, what kind of tools and programs does echo have? You can pm if you want, i'm not looking for anything specific just interested in seeing what they may have to offer. Thanks!
 
Quote from flytiger:

So anyway, Don and two of friends are having drinks, and they have their dogs with them.

Don's accountant friend points out his dog, Ledger, can actually count. Ledger, on command, stacks four piles of five biscuits, and taps out "20" with his paw.

His other buddy, a gourmet chef, has his dog, Bistro, break his biscuits, whip up a pate, and present them as a hor dourve.

Don, not to be outdone, has Trader screw the other two dogs, and eat all the biscuits.


** I just didn't want to be left out of the "Beat up Don " club. I just don't know what to beat him up about. But I'm a joiner, and didn't want to be left out.

Thank me later, Don.


I thought this was pretty darn good for a trading forum.

Ledger, Bistro and Trader....

I looking forward to uptick and arb and hedge.
 
Quote from Mom0/pH0x:


and yes, echotrade has been around a very long time, and last i heard, their rates were just under half of bright's
same with assent, genesis, rbc, jc trading, cy or just about ANYONE


Conclusion : Bright is about double in fees compared to the rest BUT they offer training and guidance to newbies > SOUNDS FAIR TO ME.
 
Don't forgot the haircut for holding all those pairs.

Quote from Mom0/pH0x:

well over double in most cases.... and yes, like i said it seems like a decent place to me IF, and ONLY IF you want to trade longer timeframes/multiday...
 
momo trader does make a good point..... since the BRIGHT BROTHERS probably used a shill to even create this thread , most of the things that trace back to them are usually hype and BS.....BUT HEY there are always news suckers to rope in!
 
Quote from Mom0/pH0x:

lol, you are too funny... anyone who doesn't have a positive opinion of everything must not trade for a living... brilliant deduction sherlock...

i simply said bright charges exceptionally expensive rates in comparison to the industry standard, and it's true... that being said, i've ALWAYS said that anyone trading with very low frequency or multiday timeframes should take a serious look at bright... if you pulled your head out of your ass and actually investigated the false claims you made, you'd know that... i give credit where credit is due, bright seems like a reasonable place for people who don't want to trade actively... that being said, if you ARE an active trader, the prospect of trading at bright is foolish at best...

don't get your panties in a wad because someone makes valid criticisms of bright, being that you are their #1 floofer who mysteriously appears to refute and deny any criticism of bright...

and yes, echotrade has been around a very long time, and last i heard, their rates were just under half of bright's
same with assent, genesis, rbc, jc trading, cy or just about ANYONE

sorry, have to get back to "not trading" now...

Everything you say is negative on this forum, show me a post that's been beneficial in some way shape or form? I can show you my inbox of dozens of pms i've replied to people on this site; all of which have been objective and helpful in some way.

I've traded at three firms and i'm always considering what my options are, and if i pay more what do you care?

You're from MTL right, i'll dumb this down a bit :) It's my trading why you do you worry about what other people are doing?

And for the record there are guys that trade a good amount of shares. I've been in the office when guys did a million+ in a day - as it's been said so many times over - everyone has different rates! I don't go into every single thread about your trading firm (if you do trade) and make the same redundant argument over and over.
 
Quote from Mom0/pH0x:

From the bright trading website:

What this does mean is that YOU CAN PARTICIPATE IN STRATEGIES THAT ACTUALLY WORK VS. "Picking a Stock's direction" or "Picking the overall direction of the market."

what this says, and what don has said, is that trading directionally doesn't work... how very intellectually dishonest... it's not to say that there aren't viable strategies which aren't directional, but seriously? statements like this and others he's made really damage his credibility... they are misleading and dishonest...

"Our traders can take part in market making, position trading, pairs trading (collecting interest on the money generated when you sell stock short, where most, if not all, retail brokers do not pay you that interest). We can place "Opening Only Orders" with the NYSE, pre-market, so we can take part WITH THE NYSE SPECIALISTS when stocks gap up or down each morning. "

"market making"??!! seriously? on .01-.008/share??!! he can't be serious... yet he really tries to sell that shit! he preys on the ignorance of noobs who believe that crap!!! it's insulting to everyone who knows better...

oh and lets not forget that "over 50% of don's traders have been with him for over 5 years..." according to him at least...

it's crap like this that takes away what credibility they COULD have for setting up a shop that caters to the needs of longer term traders...

Who cares about this, do you really have to knit pick down to the last word...an experienced trader would just treat it like a business and contact them about the rates and his/her strategy. Are you upset about the habs being shit this year?
 
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