i can't speak on Bright, other than what i've read here as having an exceptional reputation, but assent, no chance. every flamer and troll on here is obviously with them, not sure why they'd defend the model. they must be happy or making a killing and are trying to protect their basket. across the board, churn and burn shops, a franchise model based on commission trading, your own capital, little or no support, no mentoring or training of any kind, no ability to modify or use alternative trading softwares, etc.. if it comes down to semantics, fine, but in the end, someone has to be making a profit somehow. nobody trades for free. in my own situation, i'm a hybrid, but it remains to be seen and tested if the model actually works, and what kinds of traders are best suited for it. there seem to be many idiots on here hell bent on just pissing on every conversation for the sake of pissing, so we know where those guys will be seated when the flight leaves. but at least i'm willing and taking the risk to try. no one else seems to be. so far, i've seen more positive and constructive than destructive and negative, which in and of itself is a great sign. i believe, as in all evolutionary processes, a hybrid model between the two will develop, and the larger firms will eventually copy it or acquire the smaller shops having perfected the model in a considerably shorter period of time and cost than if they were to build new divisions or change their existing models entirely, simply because it takes a long time for a big ship to turn around. when that day comes, we'll see who was right and who was wrong in this whole "props suck" discussion. but my guess is as soon as the economy even remotely shows signs of recovery, churn and burn shops will disappear entirely from competition at the retail level, or for having had their dark pools lit up for scrutiny to the new derivatives SEC unit, their leverage ratios cut to match the daytrader retail restriction.
WTF is this training business? You are thinking about going prop without knowing how to trade already? Training would be an insult to me personally. "buy at support, sell at resistance" "watch level II institutional orders" I mean come on.....if you dont know this..why are you trying to go prop? Far as im concerned, this is just a way for traders who ARE profitable already. To trade on high leverage and no PDT BS. Please stop posting your newbie sob stories. Are you making money on your own currently? I thought not.
that's absolutely amazing. i think i did that last wednesday, between 0931 and 0932am scalping BAC. but don't quote me on it. no one will believe you. i'm up 1732% YTD. and that's 8 figures, not including to the fourth decimal point on currency trading. congrats. keep up the great work, but i'm not planning on training anyone. ignored.
Pretty clear your some kind of nutty troll who needs a life TRYK. 100% is still beating the market my a huge margin. Im not claiming ive learned every aspect of the game. Just saying I'm a solid trader who is making money on a regular basis. Congrats on your returns....but I think it's obvious to all your the one who is full of shit here. Why would someone whos is clearing so much....spend his time trolling this board? I have a reason.....im here because my fairly small account. I need leverage so im trying to do a bit of DD on PROP's. You sound like a burn out. Let's be honest.
100% is JACK SHIT in this market. seriously. how the f do you think 5 banks managed to make so much money to pay back TARP so quickly? trading. free money. trillions of it, scalping the shit out of anything that moved 247 in every market in the globe. insulting people you have no clue about is not the best approach to DD. go back to school another year. as soon as the correction starts, you'll be blown out and back living with mom and dad.
Much better then your negative returns. Come on you expect us to believe someone with such a bitter attitude is making 8 figures? ROFL!!!!!!!!!!!!!!!!!!!!!!!!
believe whatever you want. i'm not the one eating dog food everyday like half of americans at the moment.