Book Description
The Day Trader - The S&P futures pit is the
ultimate arena for traders. It is a place where trading
titans make split-second decisions on huge amounts of money,
and fortunes appear and vanish with the blink of an 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 you inside the world of the day trader.
Chronicling Borsellino's incredible run on the floor of
the Chicago Mercantile Exchange, The Day Trader offers a rare
behind-the-scenes look at his everyday strategies and
tactics. Raised to be a fierce and fearless competitor,
Borsellino felt at home the first day he walked into the
chaos and excitement of the Merc. In The Day Trader, he
offers both a compelling story as well as an inside look at
day trading and the S&P market. Borsellino outlines
exactly what contributed to his unparalleled success-a rare
blend of discipline, drive, intelligence, and an uncanny
ability to read and interpret the market. The Day Trader is
also a candid memoir of a second generation Italian American
who learned tough life lessons from his father.
The senior statesman of the S&P pit, Borsellino offers
vivid firsthand accounts of the unique dynamics of the
trading floor, the fortunes won and lost in the crash of
1987, the FBI investigation that rocked the futures trading
industry, and the tense political battles between Merc titans
Leo Melamed and Jack Sandner. He also shares war stories from
the floor, many involving top traders such as Richard Dennis
and George Soros.
Finally, Borsellino chronicles the latest phase of his
career, as he moves beyond the beloved trading pit to the
challenges and opportunities of the electronic trading arena.
More than the success story of one the nation's most
respected traders, The Day Trader offers practical insights
into the futures markets, pit trading, market psychology,
fundamental and technical analysis, and risk. It is a rare
opportunity to see inside the mind of one of today's most
brilliant traders.
