Why Did Bright Close It's Dallas Office?

Thanks Mike!

I can appreciate the "food chain" as well.
I worked on both the NYSE for a few years as well as an institutional desk for 12 years myself.

cheers,

el surdo
 
Quote from sub0:

Is that a coincidence? Sounds kind of like pair trading? Too bad you can't invest in strippers and football players! :p
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There is a "pairs" correlation for this too.... 2 Silicones = 1 Cortisone. :D
 
Quote from Maverick74:

Great post Mike. That pretty much sums it up. We can close this thread now. :)
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No I'm sorry its not. "No great man births himself"?????duh... how about HIS MOTHER! You owe your absolute existence to your mother.

edit....geez I'm sorry what a downer I am:(
 
Quote from RichardRimes:

No I'm sorry its not. "No great man births himself"?????duh... how about HIS MOTHER! You owe your absolute existence to your mother.

edit....geez I'm sorry what a downer I am:9
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Maybe the saying would be better this way, "No great man experiences himself"........Oh wait......that does not sound to good. :D :D :D
 
Quote from DHOHHI:

Okay ... then you're comparing apples to oranges. Not too many "Uncle Fester's" come to the office each day I bet!!

If you count all retail wanna-be traders versus guys in an office then you tilt the numbers a lot more in favor of the office guys being successful. But .. if you did an apples to apples comparison ... of "serious" remote traders versus the office guys I think it would be in the same ballpark as far as success goes for each group.
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I would think it takes at least some level of confidence in your trading abilities and market knowledge to go to an office and trade in front of guys with big egos. Uncle Fester probably won't show up and if he did probably couldn't handle it.

It would be stupid to think office guys as a whole aren't more successful. Just depends on which offices you are talking about. You will always have a few all-stars in an office. You could say in many ways it's required to even keep the office open! Whereas a remote trader could be trading until he goes broke. And without someone around to tell him he's an idiot and needs to re-evaluate what he's doing, it could be fairly quickly. Just depends of course on who he is. If I was George Soros, I would probably go remote.
 
Quote from sub0:

Uncle Fester probably won't show up and if he did probably couldn't handle it.
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I think you guys need to give poor Uncle Fester a little more credit. So he has a drinking problem, he's trying though. We need to get behind him and offer some support!
 
Quote from 5Pillars:

90% of all strippers make at least $500 a night....why do they get it so easy??? :eek:
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and 90% of those 90% spend $600 a night on drugs and are broke the next day.
 
Quote from volente_00:

Don, I have some Q's for you. When the Dallas office was open, what was roughly the maximum number of traders that were there. and many remotes does Bright currently have that live around DFW ?
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Not many, perhaps 8-10 with interns and students I woulkd guess. I would have to check about current remote traders, and get back to you.

Don
 
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