Comments on: I want to become a floor trader! How do I become one? (CBOT, NYSE, CME, NYMEX)

By: Dilshod

Dilshod — Sun, 14 Feb 2010 12:35:47 +0000

Hey guys, I see here all stock exchange gurus. So I’m from uzbekistan and no chance to get in nyse or other stuffs…what exchanges offer electronic trading? Please reply me to my email, i would be very thankful: apex_man[at]mail.ru
(i dont have experience trading at stock exchanges, i just trade at forex)

By: Vanessa

Vanessa — Sun, 01 Nov 2009 18:26:55 +0000

Hey Nadlique, so what are you doing to get there?

By: Adam

Adam — Mon, 14 Sep 2009 23:12:49 +0000

Lots of interesting info about the pits. I really want to experience it, but really don’t know where to start. I wouldn’t have enough cash or experience to afford my own seat so how would I secure a job as a runner hoping to work my way up??

You have to start somewhere right??

By: jeff watson

jeff watson — Sun, 15 Feb 2009 03:53:04 +0000

As a veteran of the wheat pit, I mourn the demise of the pits. I spent the best years of my life there, made the best friends, heard it all, and saw it all in the pit.

Jeff

By: joe

joe — Fri, 09 Jan 2009 03:24:40 +0000

Traders commits to me when I started.

Want to make a small fortune? Start with a big one
.
Best way to become rich? Marry it.

Trade big and be right. ‘

Better to be lucky then smart

After a big losing day go buy something expensive.

By: joe

joe — Thu, 08 Jan 2009 02:49:18 +0000

1977 Rockford Boylan High [The One Most likely to fail] Factory worker for 10 years to pay way threw college and save $10,000.00. Started as a runner Never forget day one 1987 Black Monday. All Hell breaks loss. months later 5 year Note Futures pit opens for the first time ever at CBOT Received Permit to trade . Then months later 2 Year Note Futures pit opens for the first time ever. A One lot in the 2 year note futures pit value at $200,000.00 As 100 lots trade over my head and finding few would trade 1-5 lots even when bidding into an offer. Finding a Rule one must trade even a one lot when bidding into a offer or visa versa. I then made a 100 copies of that rule and placed them in every pocket in my smok. Most smoks had 8 pockets. Broker offer 500 with no takers. I yelled I’ll by 2 lots. I was pushed away and laughed at. Pulling out a copy of the rule yelling I’ll buy 2 lots. pulling the paper out of my hands and tearing it up then pushing me back. I heard a roar of laughter. Again pulling out a copy and again the broker tearing it up. Again and again the whole pit now watching. Then it happened. Broker saying to me 2 lots you happy. 2 lots went to 5 lots then to 10 lots to 50 lots to 100 lots then 500 lots. Selling all investment in 2007 Retires early 2008 At 49 years old. Take the sh-t do not give up Good guys do not always finish last. Thank God

By: nadlique

nadlique — Thu, 11 Sep 2008 06:58:02 +0000

Indeed Jimbo.

Come to think of it, even through electronic trading, I get stressed out and frustrated. Imagine if it was in the pit. I’d get mental.