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Bright trading retreat

Bright trading retreat. Dec 3-4, 2011. Controlling Cost. When you are a trader, you are essentially running your own business. It is very important to be aware of all of your costs, so you know where you can cut back. *Spreadsheet with everyone’s fees*. Making Money.

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Bright trading retreat

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  1. Bright trading retreat Dec 3-4, 2011

  2. Controlling Cost • When you are a trader, you are essentially running your own business. • It is very important to be aware of all of your costs, so you know where you can cut back. • *Spreadsheet with everyone’s fees*

  3. Making Money • There ARE profitable traders. • Seem to be the same people every year. • They may be making less than they used to, but they are adapting and still managing to be profitable. • Each of these people work beyond market hours. • It is extremely important to do your homework and stay up on what is going on with the global economy. • I will get into some money-making trading ideas tomorrow. • (I might get to some today…)

  4. Current Routing

  5. Volume • 23 of our traders do 60% of the firm’s volume. • For 2012 we will be implementing a new rate schedule. • It will help especially the top-end volume and low-end volume traders. • ALL traders will get some reduction

  6. Rates Comparison

  7. Heavy discussions going on with Goldman now, regarding the 80/20 split.

  8. High Frequency Trading • Yesterday, I was filled at 1256.50 AND 1261 in the same SECOND.

  9. High Frequency cont. • Never leave out more than 1 layer at a time, unless dividing into pieces.

  10. Macro Trading • Price precedes news. • Legal insider trading.

  11. Trading Ideas • SPY and other ETF’s • If trading a $20 stock, why not trade a $120 stock? • Save on commissions

  12. Snapshots

  13. Now, as this is YOUR retreat… I, as CEO, would like to hear any of your ideas of how we can make YOU more profitable.

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