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Top Traders Are a Cot Above The Rest


Posted: 03/15/11

By: tomgrisafi

2926

Take a good look at the image to your right.

That's a nice old-fashioned cot parked squarely in front of my computer screens in the basement of my home-based trading office.

It's far from glamorous. And it's even further from comfortable. But there are nights when the risks and potential rewards are much too great to sleep through.

I share this image with you not to promote Cabelas but to illustrate what it can take to survive in today's markets, let alone profit while navigating them.

Today, successful trading has every bit as much to do with dedication as it does talent. Like never before in our industry, the new era of 24/7 global electronic markets (a topic we've discussed in great detail lately) demands a heightened level of participation and observance.

Last Friday when corn made a limit move before the sun had come up and most brokers had brewed their first pot of coffee, an entire world of million-dollar opportunities came and went. For this very reason, we're seeing a dynamic shift in the names and faces that are most successfully monetizing these markets. And it's tremendously gratifying to see hard workers rewarded for their efforts across a more level than ever playing field.

Making the most money you possibly can from these markets, indeed, requires a whole new level of dedication. And given the great many friends and acquaintances I've made after-hours on Twitter, I realize that a lot of traders are quickly discovering this reality. And they're cashing in on it every day. Along the way, they're lending credence to the famous quote from Elbert Hubbard: "Folks who never do any more than they get paid for, never get paid for any more than they do."

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18 Comments

Guest

Posted: 03/16/11

Money never sleeps and this is a prime example of how to keep on top of markets and your money.

Guest

Posted: 03/16/11

you're my freaking hero

Thomas Grisafi

Posted: 03/19/11

http://blogs.forbes.com/emilylambert/2011/03/17/all-the-cool-kids-are-night-trading/

Guest

Posted: 06/06/11

Cool ...

Guest

Posted: 06/22/11

You are great.. http://www.hototc.com/

Guest

Posted: 11/26/11

I have a couch in my office. HA! Great content and site, thank you.

Guest

Posted: 05/16/12

First, you aren't going to be a talking to a breokr. With forex, you will have an account with a dealer who will be taking the other side of your trades.Second, since they are dealers, they make their money off the spread, not by charging fees or commissions.Third, they are not banks or breokrs, so there is no such thing as proper insurance .If you want to learn how the trades work google forex and you will see a list of dealers. Any legit dealer will give you a demo account free for 30 days.Since forex is not governed by law anybody can be a forex dealer, but all the legitimate ones voluntarily register with the National Futures Association even though they don't have to because they are not actually futures breokrs.

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