Registered: Mar 2012
10-19-12 06:34 PM
The only true measure of the worth of the training at Bright is how well it helps people to become successful.
The legacy of that training is a long history of broken bankrolls and broken dreams.
Today the parking lot is all but empty. The dozens of traders are gone and not likely to return. Of all the people that have taken this training and joined Bright - practically none are still there today.
I think of Don as a shameless predator who targets those least able to discern the value or lack of value in his offering.
I have been involved in the markets for over 30 years and everytime I hear Don's lame ass pitch I am bumfuzzled at how anyone could buy so many non sequiturs from such an obvious huckster.
Most new traders fail and for sure most new traders at Bright also fail so what is the edge for a new trader to post a 5 figure deposit and pay 4 figures for training and fees that produce negative results and then begin to trade paying fees and commissions that many consider outrageous.
While there might be some advantage to traders that are experienced and already profitable, I believe it is an almost certain death trip for beginning traders and I believe the current state of their business and more important a history of their results proves this out.
While there was, in the past, some edge offered by such a retail prop approach and some traders prospered and for sure Bright prospered whether his traders did or not - today that edge is gone.
The shame of it all is that during those halcyon days Don was not able to foresee change and put methods and technologies in place to deal with it.
Of course there has been change and ancient writings tell us that it is certain that there will be more change. The good news is that while market dynamics have changed there are technologies and methods that have evolved to deal with them.
The sad news is that I think if you look up the word Luddite there should be a picture of Don next to the definition. I think of him as a wealthy, grouchy old man whose fortune came from the misfortune of others and one who spends his todays on the river of denial - unable to learn, grow or change.