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Announcing our new JVC plan for Bright Traders. This innovative and no-risk venture is being put forward by Bob Bright personally. Submit interest via email to Don Bright.
Outline: Traders will open a new Sub-Account to trade Pairs with one of the available automated trading programs (Pair Range Trader from Vancouver, or Automated Trading System from Zoe Trading). Traders will keep their active "7XXX1209" trading account. All normal recurring expenses will be paid from that account. Traders will work together with Bob and others to maximize results in this sub account. Traders will trade in 100 share (x120 for example) increments on as many pairs as they feel comfortable with. When account reaches $10,000 positive, $2,000 will go to program developers, and the other will be split 50/50 between trader and Bob. All profits will be split 50/50 going forward, and can be withdrawn at each $10,000 level. Since account starts with a zero balance, there will be no haircut charges, only a 3% per annum capital charge for overnight positions (which is roughtly 1/4 "normal" haircut. If account ever reaches a negative $10,000, the trader will be placed on liquidation only until trader places additional funds into the account.
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New
for 2010