Index-and-Option-Market

Book reviews for "Index-and-Option-Market" sorted by average review score:

Lessons from the Pit, A Successful Veteran of the Chicago Mercantile Exchange Shows Executives How to Thrive in a Competitive Environment

Published in Hardcover by Broadman & Holman Publishers (01 May, 1999)

Authors: Joe Leininger, Joseph Leininger, W. Terry Whalin, B. Joseph Leininger, and Terry Whalin

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Average review score:

A Non-Stop, Don't-Drop Book!!! It was, SPELLBINDING!

I grabbed this book online on a lark... and am I ever glad I did! I couldn't put it down! From the opening bell of the trading pit in the first paragraph, the author takes off at the speed of the markets, sidetracking only to share the lessons hard-learned along the way. For the first time ever I read about an "Everyday Joe" who buckled up for daily war and successfully fought to win in the greatest financial wars our society knows. He also lets us in on his REAL personal life, his fears, and the dichotomies and dilemnas of being a devout Christian operating ethically and morally in a world that most Christians neither understand nor condone. This is a work that stands for ANYONE trying to succeed in an arena that at first appears counter to their chosen values, regardless of religion or career. If you're reading these reviews to help you decide, STOP HERE! CLICK THE BUY BUTTON! It's the best trade you'll make today!

A quick and enjoyable read with many excellent insights.

"Lessons from the Pit" is a page-turner! It is an honest and easy-to-read account of life in the Chicago Mercantile Exchange. What makes it so fascinating is the way Joe and Terry bring characters and scenes to life and use them to show how God worked in Joe's life. No matter what their career, all readers will come away with valuable insights and helpful suggestions. My only wish is that the book had been longer. I didn't want to put it down.

Dynamic Parallels

Joe Leininger provides great insight in his daily efforts to be both a good and Christian person with his success as a commodities trader.

Few businessess are as brutally competitive as trading in Chicago exchanges. However, with great faith and works, Joe obviously holds to his strong Christian values in this tough environment.

This book helps me come to grips with striving for success while hoping to maintain the fundamental value of helping and loving one's fellow man (or woman).

The Day Trader : From the Pit to the PC

Published in Hardcover by John Wiley & Sons (02 April, 1999)

Author: Lewis Borsellino

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The subtitle of The Day Trader, From the Pit to the PC, indicates the evolution of the trader from floor jockey to computer cowboy. But this is less an account of the trader's changing arena than the story of Lewis Borsellino, a fist-shaking Italian American from Chicago's West Side whose grit and determination helped him become one of the top traders in the Standard & Poor futures pit. "When the world around me goes nuts, I become more sane. The wilder the market gets, the more disciplined I become." He credits this focus to his tough but compassionate Italian American father, a truck driver with a penchant for lightening the loads of his deliveries. "I do what I do so you don't have to," says the elder Borsellino, prior to getting busted by the feds for hijacking a million-dollar shipment of silver.

Shedding his father's mobster ties, Borsellino quickly moves up the trading ranks, establishing a position--literally--on the second step of the Chicago Mercantile Exchange. For 18 years, he doesn't budge, sometimes using his fists to ward off aggressive traders, and gaining a "sixth sense" that helps him determine which way the market is headed. Although Borsellino provides a good deal of technical reasoning behind his many successes and failures, he repeatedly returns to this intangible quality, stressing its importance and describing how it's made him millions.

The Day Trader concludes with some thoughts on the pit's computerized future. Since writing the book, Borsellino has left the S&P to become a fund manager. He relies on computers now more than ever, but wonders how digital day traders without floor experience will get their sense of market flow, timing, and price patterns. Borsellino's The Day Trader is a good place to start. --Rob McDonald

Average review score:

Not a book for people looking for trading education

I guess I'm spoiled by Martin Schwartz's excellent book Pit Bull. I was expecting a trader's autobiography something along the same line with The Day Trader, but what I got was the first 130 pages of Borsellino talking about what a tough guy he is and about his mafioso father. After that he dips into a high-level discussion of the changes to the commodities and NASDAQ exchanges over the years. There is virtually no mention of trading technique or psychology, outside of the constant tough guy braggadocio, which is pretty sad to hear from a 40-year-old guy. And definitely don't buy it if you're looking for trading advice or techniques. There is none to be found. If you want a nice biographical read about a trader, read Pit Bull or Reminiscences of a Stock Operator instead. Borsellino simply doesn't write well enough to keep this one interesting. The story wanders around too much and is too repetitious.

Learn about the important stuff in trading

While the title has disappointed some by leading one to think that this book contains the secret strategies of a successful day trader (it does not), I found this book to be perfectly appropriate for teaching everyone about an often overlooked concept and the one thing that kept him in the trading game: heart.

Through the lens of this notion, Borsellino gives folks a first-hand look of what it takes to make money in the S&P futures pits of the Chicago Merc. Much more than that, "Big Italy" gives you a no-holds-barred account of his humble beginnings and some of his more interesting episodes as a day trader on the Merc. The best story I ever read was about how he was able to earn over $1.3 million dollars on one trade...in about 1 minute! If you want to see what its like to be on the other side of the daytrading fence (the very profitable side) take a look at Borsellio's "The Day Trader". Also useful is an interview he gives in "The Best: TradingMarkets.com Conversations With Top Traders". There he discussed order flow and support and resistance from a pit trader and a pc-based traders point of view. Some useful nuggets there.

Excellent Book

The book is not a tech how to book but in all fairness the auther doesn't claim it as one. This book is more of an autobiography and in that category it is a 5. The auther brags about himself at times but anyone who is that successful has a right too. Excellent read well worth the time!