“Daytrading -- Good or Evil?”
Bright Trading President Debates
Daytrading With N.A.S.A.A. President;
Agree On Many Pertinent Issues

Friday November 12 12:00pm
Source: BusinessWire

LAS VEGAS--(BUSINESS WIRE)--Nov. 12, 1999--

Business Editors and Writers Host Event in Las Vegas.

Bright Trading Inc. President Robert Bright went heads up with National Association of Securities Administrators chief, Brad Skolnik, in a spirited discussion about the pros and cons of daytrading.

The debate (titled "Daytrading -- Good or Evil?") was monitored by Wall Street Journal reporter Rebecca Buckman, and attended by journalists from the most respected national and local papers.

Bright opened the discussion by pointing out the significant differences between professional stock trading and retail daytrading. Bright Trading has approximately 400 professional traders in their 32 nationwide locations, all of whom are registered with the Securities and Exchange Commission and required to pass an industry examination prior to trading.

Skolnik's opening remarks pointed out the fact that several studies have shown that most "daytraders lose money." Although the exact figures were questionable, both men seemed to agree that daytrading is a losing proposition for the untrained, amateur trader.

"Daytrading has been around for 200 years, and is practiced daily by professional floor traders on many stock exchanges," Bright pointed out. "And what we have tried to do is make professional trading available to those with the desire to dedicate themselves to the profession," he added.

Approximately 20 of these top journalists visited the Bright Trading headquarters in Las Vegas to see how a professional firm operates, and to see the differences between professional and retail trading. Don Bright, the firm's director of Education, conducted a tour of the facility and answered questions about trading in general, and how education is essential to those interested in a career change.

Bright was quick to point out that everyone in the firm actually trades, from the president on down, and that they are not in the "teaching business as a revenue stream. We offer an intensive 5-day trading orientation with a one-time fee of $1,000 and encourage traders to come back as often as they like free of charge," he offered as further edification.

Bright Trading can be found on the Internet at www.stocktrading.com or reached at 800-249-7488.