A fascinating look at the high-speed, high-power trading floor of the Chicago Mercantile Exchange. Director Jon Else exp | dG1fYTI3SjN2V0FsV00
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01:30because of what? I need you to know, as my hands move, you're able to say what you see.
01:34What do they say? That's not buy one. This is buy one. Okay? And if you said that, what
01:41would the broker do? They would do exactly what you said. Buy one market. That's not
01:46what you want to do. You want to do what? Pay one. Or in your area, which is S&P, is
01:51pay ten. Do what? Pay two. Do what? Pay three. Do what? Pay seventy. Good. And the only thing
01:56you're waiting on now is what? The quantity. So if you see it, say it. You do not have
02:00to think about it in the means. What am I saying? If you're in a yellow coat, you're
02:04a clerk. If you're in a colored jacket, you're a trader. A yellow jacket is an entry level
02:09position. Somebody who is trying to work their way up to the next level, which is a broker
02:14or a salesman. But that is where you have to start. That is where I started. That is
02:18where everybody starts. And nobody comes down there expecting to be in a yellow jacket forever.
02:23They're going to learn. They're going to get into that pit. They're going to trade.
02:26And they're going to make a fortune.