Who Is Don Bright?

Quote from Mom0/pH0x:

umm, actually, he makes his living from this thing called COMMISSIONS(and it ought to be a pretty handsome living given the commissions he charges, which is multiples of the industry standard)... you stand corrected...
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but those commissions come from TRADING, so technically you stand corrected...:D
 
Quote from Mom0/pH0x:

umm, actually, he makes his living from this thing called COMMISSIONS(and it ought to be a pretty handsome living given the commissions he charges, which is multiples of the industry standard)... you stand corrected...
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Dude what is your problem? Do you have alerts sent to your phone whenever Don posts in a thread so you can quickly reply about commissions? We get the point...
 
Quote from WyckoffTrader:

I was with Bright a while back and that experience taught me that I needed to look at many different asset classes and NOT just stock scalping or pairs trade.

Having many options to execute your plan is key to surviving this business and I could not do that at Bright.

Thanks for opening my eyes to what real trading is and you will not see that at any Bright offices...just mouse clicking newbies racking up commish for the Brothers.
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I think you're being a tad short-sighted, no? You probably underestimated the scope of the learning curve in this business, whatever the vehicle is, it takes time. And if someone wasn't upfront with you about that from the beginning i'm sorry. If you thought you were gonna 'kill it' out of the gates then you have no one to blame but yourself.

*Edit hey Don can you shave off my rate a tad for dealing with these guys? :p
 
Quote from Mom0/pH0x:

umm, actually, he makes his living from this thing called COMMISSIONS(and it ought to be a pretty handsome living given the commissions he charges, which is multiples of the industry standard)... you stand corrected...
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Of course their commissions are higher than the industry standard... the "industry standard" includes just the cost of execution and clearing and their commissions include a premium for the use of capital... thats like complaining about being charged interest for taking out a loan from a bank. Would it make you happier if they had cheaper commissions and just charged you pro-rated interest by the minute for the capital you're using? Pretty sure that would not work out better for anyone.

And I can already predict your lame response... "I meant industry standard for prop trading firms" ... well look around... most of those places are either shutting down left and right or are being shut down by regulators. Most of those places aren't structured properly to withstand exchange and regulator scrutiny... most of those places don't have a highly qualified compliance officer who used to work for an actual exchange.. most of those places don't have traders that have been with them for 20+ years... and most of those places you can't go to sleep at night knowing without a shadow of a doubt that your withdrawal requests will be processed promptly and that your capital contribution will be returned anytime you want to call it quits.

So yah... they charge more... and what do you get for that... staying power -- a strong firm that is always on the right side of the laws and regulations... they've been around for 20+ years... not too many places that can say that... and almost no other place can claim that they have traders who still trade with them to this very day who have been with them since their doors opened (unless their doors opened a few years ago).

I don't even trade at Bright and I can see through your bashing.
 
Quote from flytiger:

"Shave your nads?"

What kind of shop is this? Anyway????
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Haha that reminds me of a chat i had with a trader years...trading from home one day i was bored and tried my gf's Nair on my chest hair...I told my buddy trading in the vegas office he should do the same, sit down and trade like nothing out of the ordinary...
 
Quote from Mom0/pH0x:

LOL i guess we can add you to the bright floofer list....

sorry to get ur panties in a wad there princess....

you have absolutely no clue what you are talking about, bright charges MULTIPLES of the industry standard... and no, most of "these firms" are not being shut down left and right, or shut down by regulators... can you name ONE?! the only prop firm i know of that's been shut down by regulators in recent history is tuco, and i don't even consider their rates to have been close to competitive... although they were at or below half of bright's

you are wrong again, there are other firms that have had traders with them since they opened... also, bright has been asked many many times to verify his claim that over 50% of his traders have been with him for over 5 years... and he has yet to do so... if it were MY firm, i'd be REALLY quick to verify that information. it would be a VERY valuable marketing tool, yet he hasn't... guess the reason why is a matter of conjecture...

the fact is, active trading at brights rates is simply not feasible... the rates are absurd by any objective measure in comparison to the industry... they are among the HIGHEST IN THE BUSINESS!! i'm not saying it doesn't exist, but i haven't heard of any firm charging more expensive rates than bright...

seriously, you are obviously new to this business. noone really gives a fuck if they have a compliance officer that "actually worked at an exchange" LOL. you are too funny princess...

"well i was going to get this deal with .001 or less per share, but since this guy has a comp officer who "actually worked at an exchange" i guess ill go pay 8 or 10 times that amount to bright!" LOL. so let's see, if i trade, say, 200k shares a day on avg, and i pay .007 more per share, let's see... that's only $28000 extra per month i give to bright!! no problem, because hey! :p they have a compliance officer who used to "work at an actual exchange" and they have traders who have been there for 20 years(despite the fact that direct access trading didn't exist then), so yeah, whatever floats your boat there princess...for those rates you should be getting a truckful of naked thai chicks and a case of patron every week...


bon soiree
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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)
 
Quote from Mom0/pH0x:


you have absolutely no clue what you are talking about, bright charges MULTIPLES of the industry standard...
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They charge multiples of industry average and have been around for multiples of industry average as well... that in and of itself speaks highly of such a firm.....
 
Quote from Mom0/pH0x:

LOL i guess we can add you to the bright floofer list....


"well i was going to get this deal with .001 or less per share, but since this guy has a comp officer who "actually worked at an exchange" i guess ill go pay 8 or 10 times that amount to bright!" LOL. so let's see, if i trade, say, 200k shares a day on avg, and i pay .007 more per share, let's see... that's only $28000 extra per month i give to bright!! no problem, because hey! :p they have a compliance officer who used to "work at an actual exchange" and they have traders who have been there for 20 years(despite the fact that direct access trading didn't exist then), so yeah, whatever floats your boat there princess...for those rates you should be getting a truckful of naked thai chicks and a case of patron every week...


bon soiree
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No one trading 4 million a month at bright pays .008. You get your rate based on volume.
 
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