I actually thought it was sort of humbling that throughout the book he decries that basically everything he has accomplished in life is because of his dad in one way or another. Yes, he talks a lot about the pits and the change to electronic trading, but hey, it was big news in and life changing for a pit trader. I thought he was quite rationale about it all though, trying to embrace what he declared was the future electronic trading as opposed to holding onto the past.
So what if he talks about his childhood a lot. I think most people would if they wrote a book about themselves. Who are you to tell a man how to write about his own life?
He never promised a book that would make you a great day trader. They are few and far between and their story will always enthrall you. It reads like a thriller. Even if you're not interested in the financial world, this man's story makes it a whirlwind. I highly recommend it. I was expecting a lot from this book, but unfortunately it didn't deliver.
The book delves too much into how many fights the author has been in, how Italian-Americans are always accused of being mobsters and how his convict dad wasn't a bad guy. Not enough useful information for would be traders, but plenty of information about the author's money management firm, fighting and his dad.
One person found this helpful. I recommend this book to all traders. I worked as a runner at the Merc, but in the "Meat Dept" I did travel through the S P Pit When I first picked up the book, I thought it was a promotional piece for a trader turned fund manager. I realized this was from a real trader, not an expert.
Having lost much money from following technical experts' advice, I've learned only to read the masters. Those who want a technical book, don't look here. But know that if you want to win and win big, you may want to read this. I also learned that you don't have to nit-pik every psychological thought to arrive at masterful trading, as the psychologists of trading would have you believe. I was totally hooked into the story of his life's joys and sorrows.
I couldn't put it down--I read it in one sitting. Some books have interviewed the best traders with similar conclusions from their experiences, but rarely do they provide the insight into their minds.
The book captured many of my own experiences. This was a heroic story describing overcoming in one of the world's most difficult occupations. I used to wonder what made a Jesse Livermore tick?
Permissions Request permission to reuse content from this site. Published on January 23, I was expecting a lot from this book, but unfortunately it didn't deliver. Advanced embedding details, examples, and help! It is a rare opportunity to see inside the mind of one of today's most brilliant traders. One person found this helpful.
What in his trading career made him commit suicide? I assure you, it was not a trading rule he broke. This is a rare book because it's an authentic, open-hearted, unabashed, no-holds-back account into the soul of one of the best pit traders in all time and his trial by fire, of a reality more dramatic than any fiction story. The Dalai Lama says that we have traveled so far into the stars, to other planets, to the moon, but we have not looked inwardly.
We have not traveled into our hearts, into the domain of mind. When one considers the intense nature of trading emotions including pain and suffering, illusion and confusion, greed and fear, ego and humility, shame and anger, this journey, whether you travel or not, is the journey of all traders, captured par excellence in this book.
It's a story about an Italian American turning prejuidice into riches, about a soul turning defeat into victory. If you're new to the game, this is what it takes. One person found this helpful 2 people found this helpful. At least, that's how Lewis Borsellino calls it. Being my second time reading The Day Trader, it's an amusing book albeit it gets redundant and tedious at times.
I have actually enjoyed many tales from Lewis, and it shows me what it takes to be a day trader: Of course, ego is highlighted in so many pages that it is natural enough to accept highly successful traders are among of this breed. I enjoy Lewis' presentation of Merc's storied history and how trading has evolved going from open outcry to electronic. So, there is a sense of appreciation here.
Also, Lewis falls in the same line of many traders of failing at first before picking himself up and being determined to get back into the game. So, that's a winning trait of a successful trader. And now he is telling his story. 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. 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. 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. He also shares war stories from the floor, many involving top traders such as Richard Dennis and George Soros.
Finally, Borselli 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.