The Day Trader: From the Pit to the PC By Lewis Borsellino Free Download – Includes Verified Content:
DESCRIPTION
The S&P futures pit represents the ultimate stage for traders. It’s a place where market heavyweights make lightning-fast decisions on massive sums of money, where fortunes are created and erased in an instant. Thriving day traders must be smart, bold—and lucky. Lewis J. Borsellino embodies all three, and now he shares his story. Recognized as the nation’s leading S&P futures trader, Borsellino opens the door to the world of day trading.
Detailing his extraordinary career on the floor of the Chicago Mercantile Exchange, The Day Trader provides a rare insider’s view of his daily strategies and techniques. Trained from an early age to be a fierce and fearless competitor, Borsellino felt immediately at home in the Merc’s high-energy environment. In this book, he delivers both an engaging personal narrative and an insider’s perspective on day trading and the S&P market. He reveals the key elements behind his unmatched success—a unique mix of discipline, drive, intelligence, and a remarkable talent for reading and interpreting the market. The Day Trader also serves as an honest memoir of a second-generation Italian American who learned life’s toughest lessons from his father.
As the elder statesman of the S&P pit, Borsellino shares vivid first-hand stories about the unique dynamics of the trading floor, fortunes gained and lost during the 1987 crash, the FBI probe that shook the futures industry, and the heated power struggles between Merc legends Leo Melamed and Jack Sandner. He also recounts floor “war stories” involving prominent traders such as Richard Dennis and George Soros.
Borsellino goes on to describe the newest chapter of his career—transitioning from the traditional trading pit to the opportunities and challenges of electronic trading. More than simply the success story of one of America’s most respected traders, The Day Trader offers practical lessons on futures markets, pit trading, market psychology, technical and fundamental analysis, and risk management. It’s a rare chance to peer into the mind of one of today’s most accomplished traders.
LEWIS J. BORSELLINO is the leading S&P futures trader in the United States, with an unprecedented 18-year career. His long-standing success places him alongside legendary figures such as Paul Tudor Jones, Victor Niederhoffer, and bond trader Tom Baldwin. A frequent commentator on CNN and CNBC, he is widely recognized as the “biggest and best trader” in S&Ps. PATRICIA CRISAFULLI COMMINS is a freelance business writer and former Reuters America Inc. correspondent whose work has also appeared in The Christian Science Monitor and The Wall Street Journal.
ABOUT THE AUTHORS
LEWIS J. BORSELLINO, America’s top S&P futures trader, has enjoyed an extraordinary eighteen-year career, earning him a place among market legends like Paul Tudor Jones, Victor Niederhoffer, and Tom Baldwin. He regularly contributes commentary on CNN and CNBC, where he is regarded as the “biggest and best trader” in S&Ps.
PATRICIA CRISAFULLI COMMINS is an independent business journalist and former Reuters America correspondent, with additional writing credits in The Christian Science Monitor and The Wall Street Journal.
TABLE OF CONTENTS
Preface.
Acknowledgments.
High Times.
The Trading Life.
Combat.
A Competitor’s Heart.
The Down Times.
The Sting.
The Metamorphosis.
Trading Goes Electronic.
Politics, Trading, and the Futures Exchange.
From Grassroots to the Global Economy.
From the Pit to the PC.
