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I feel that if one more guy squeezes into this pit it’s going to explode. I get jostled around like a pinball, moving from spot to spot because I am standing in some members much-coveted space.

If we survive it means the same amount of public orders divided by more people, and that ultimately means less money in their pocket.Īs the gold market gets closer to the open, members start coming in at a rapid rate. We are not there to add to the pit population. We are not there to survive and buck the odds. We are there to fund their free-wheeling lifestyle, make the payment on the Porsche, maybe even fund juniors’ college. I come to realize very quickly all newbies are treated like financial road-kill by the veteran floor members. There are only a handful of traders there at this point, but they collectively give me a sneering look, realizing in an instant this is the day of the month when new members are unleashed onto the floor. I hit the trading floor from the member’s lounge like I own the place, striding confidently into the trading pit about 20 minutes before the open. I decided to start my career trading gold futures. The first thing a veteran trader told me the very first time I walked onto the trading floor, on my first day of trading at the now-defunct Mid America Commodity Exchange, sometime in the late Spring of 1980.įresh out of exchange orientation, there I am in my brand new trading jacket, with a shiny new trading badge with a red dot conspicuously placed for the world to see.

“The hardest easy money you will ever make.” If you desire a simple and comprehensive trading system or you just want to read about trading from a different angle, this article is right for you. Barry also shares funny and interesting stories from his career and ideas for trading in general. In his articles, he describes in his style his simple trading systems, which could be used in multiple time frames, he carefully explains the theory behind every part of the system. Vegas is a nickname for a former local trader named Barry Haigh, who achieved fantastic gains as a forex trader.