All good things must come to an end, and this is the last in our series of 5 articles on Floor Traders and what they have to teach us about emini day trading, buying stocks or Forex and trading in general.
The original reason for creating this series was that I received a lot of emails from readers asking me to teach more about how the floor traders are screwing them over, and how they could ever compete with that elite group.
My hope is that while I personally hold pit traders in high esteem (it’s a tough job as I think you can see now), they are not necessarily smarter or better than you, and many of the advantages they used to enjoy are fading away … like the pits themselves.
So respect them, but don’t be intimidated by them … and certainly don’t blame your lack of trading success on them.
Rather than posting another video, I’m going to use this final post in the series to refer you back to a blog article I made back on April 15 of 2007 about my first visit to the CME (Chicago Mercantile Exchange).
I received a lot of great feedback on that post and it’s still one of my old articles that remains firmly in my memory even 2 years later.
… and if you are disappointed I didn’t post a video this time, here’s a video of actor Robert Downey Jr. visiting the floor of the NYMEX. At the end of the visit he gives his candid impressions of the experience. I’m just putting a link here rather than embedding the video because (be warned) there is some very, VERY colorful language!
If interested, you can check it out the video here:
Please leave your comments below.