Today’s lesson: What we can learn from Floor Traders about psychology when emini day trading, as well as the Dow futures and commodities trading. Who makes better traders on the floorÂ – people with brains or brawn? Is it better to be a scholar or an athlete?
Also addressed: What is the future of pit trading. Are all the seat owners going to get killed or make a killing?
In this video 3 NYMEX pit traders are interviewed to help answer these questions:
- Fredo is a seat owner who has been trading for 20 years.
- John is a floor trader who executes trades for his employer as well as his own account.
- Paul is a clerk who has only been at the exchange for 9 months.
This is part 3 of our 5-part series.
Enjoy the video, then please click on the “Comments” link at the very bottom of this section to leave your comments.