Bright Trading's website

Discussion in 'Prop Firms' started by Don Bright, Apr 9, 2004.

  1. wrangler, green flash is one nice eatery and bar for the locals, but your post has very likely guaranteed that the place will be peppered with paparazzi...and traders... this "Wed, Thur, Fri". Now this...just after the holiday crowd had moved on!
     
    #11     Apr 12, 2004
  2. OK, heading for SoCal... no openings today...will try tomorrow...

    Don
     
    #12     Apr 14, 2004
  3. Your website says...

    "Professional traders get interest on short stock held overnite (over $100K)"

    Does this mean that if I am short $100,000 of stock I not only do not pay interest but I *receive* interest?

    Can you clarify?

    Thanks!
     
    #13     Apr 14, 2004
  4. Dogen3

    Dogen3

    I am not part of Don's firm, but generally when you are short stock you receive interest on the cash from the sale, but also PAY margin interest on the value of the borrowed stock (which hopefully will be going down). So really it just lowers your expense a bit as you are (hopefully obviously) making less in MM interest than you are paying in margin interest.
     
    #14     Apr 15, 2004
  5. Yes...

    Don
     
    #15     Apr 15, 2004