Rumor: Bright Trader blows up and loses millions

Discussion in 'Prop Firms' started by Daal, Aug 18, 2008.

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  1. So Don who was the Rat who spilled the firm`s business, and did you guys clean house, this should have never been public knowledge.


    And Brandon stop discussing stuff on Poker Forums utilizing your own name-----lawyers frown against that sort of thing!

    And what about the accusations that Brandon sold this trade on "inside info" to get some poker friends (Tran) to back part of the trade?


    Cannot have somebody within your own firm spreading these kind of accusations across the internet, Brandon Adams has too much to lose, he cannot put himself into these types of positions in the future, or he will not be teaching at Harvard Business School anymore!
     
    #101     Aug 19, 2008
  2. I was wondering what he saw that made him go long . ELN was in downtrend since 7-10 and no consolidation pattern in any smaller timeframes.
     
    #102     Aug 20, 2008
  3. Well a high stakes player on the forum that had money on ELN because of Brandons tip came out and said that in no way did Brandon imply he had inside info.

    The only person that has accused him of saying he had inside info is some random internet person that won't post his real name.
     
    #103     Aug 20, 2008
  4. bone

    bone

    I have been avoiding this website in recent years because it is so tedious to circumnavigate around the posers.

    When structured properly, Proprietary Trading = Free Call Option for the Gifted

    I have seen many, many more prop traders get cut loose for not taking on enough risk at the appropriate times than blowing out per se.

    In my mind, this is when you want to double-down on the guy. To wit: John Arnold's first six months at Centaurus.
     
    #104     Aug 20, 2008
  5. NY_HOOD

    NY_HOOD

    Don has always been a gentleman and very generous with his feedback on this board. as far as his trader goes,its just part of the game for the trader and the firm .
     
    #105     Aug 20, 2008
  6. LOL. Have you not been following any of this thread or the one over at 2+2??? You should re-think that statement because your analogy is not even close to reality. BA <> John Arnold. Maybe he could beat him in poker but we are talking about trading. This post made me laugh.
     
    #106     Aug 20, 2008
  7. Nice....pic:D
     
    #107     Aug 20, 2008
  8. Thanks, and yes...let's get on with it. Bob and Brandon will work it out.

    And, to the gentleman (exotiq?) who started the poker thread....no need to worry about repercussions .... just do us a favor and speak to me or Bob before posting anything like this about our (yes, "our" you and us) firm and any wild controversy....thanks.

    All the best everyone,

    Don
     
    #108     Aug 20, 2008
  9. don't hate the player, hate the game, yo!:D
     
    #109     Aug 20, 2008
  10. Don has always been a nice guy! I hope all is well Don!

    Yes, do not let those girls with the nice chests know who you are!:D That could get expensive.:D
     
    #110     Aug 20, 2008
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