The Day Trader: From The Pit To The PC

The Day Trader: From the Pit to the PC

The S&P futures pit is the ultimate arena for traders. It is aplace where trading titans make split-second decisions on hugeamounts of money, and fortunes appear and vanish with the blink ofan eye. Successful day traders are brilliant, aggressive-and lucky.Lewis J. Borsellino is all three. And now he is telling his story.The nation's top S&P futures trader, Borsellino takes youinside the world of the day trader.Chronicling Borsellino's incredible run on the floor of the ChicagoMercantile Exchange, The Day Trader offers a rare behind-the-sceneslook at his everyday strategies and tactics. Raised to be a fierceand fearless competitor, Borsellino felt at home the first day hewalked into the chaos and excitement of the Merc. In The DayTrader, he offers both a compelling story as well as an inside lookat day trading and the S&P market. Borsellino outlines exactlywhat contributed to his unparalleled success-a rare blend ofdiscipline, drive, intelligence, and an uncanny ability to read andinterpret the market. The Day Trader is also a candid memoir of asecond generation Italian American who learned tough life lessonsfrom his father.The senior statesman of the S&P pit, Borsellino offers vividfirsthand accounts of the unique dynamics of the trading floor, thefortunes won and lost in the crash of 1987, the FBI investigationthat rocked the futures trading industry, and the tense politicalbattles between Merc titans Leo Melamed and Jack Sandner. He alsoshares war stories from the floor, many involving top traders suchas Richard Dennis and George Soros.Finally, Borsellino chronicles the latest phase of his career, ashe moves beyond the beloved trading pit to the challenges andopportunities of the electronic trading arena. More than thesuccess story of one the nation's most respected traders, The DayTrader offers practical insights into the futures markets, pittrading, market psychology, fundamental and technical analysis, andrisk. It is a rare opportunity to see inside the mind of one oftoday's most brilliant traders.LEWIS J. BORSELLINO is the top S&P futures trader in the UnitedStates with a career that has spanned an unprecedented 18 years.His long-term success puts him into the trading pantheon thatfeatures such luminaries as Paul Tudor Jones, Victor Niederhoffer,and bond trader Tom Baldwin. Borsellino is a frequent contributingcommentator on CNN and CNBC where he is regarded as the "biggestand best trader" in S&Ps. PATRICIA CRISAFULLI COMMINS is afreelance business writer and former correspondent for ReutersAmerica Inc. She has also written for The Christian Science Monitorand the Wall Street Journal.