Contact Us
Options Mentoring & Trading Headquaters
Chicago, Illinois
USA
312-772-2344
info@pitsavvy.com
sales@pitsavvy.com
Life at OTM & Pit Savvy
Daily routines are check positions and account statements by 7:30 a.m.
If there is a news event, have this task completed by 7:00 a.m. The
trading platforms are up and running by 7:00 a.m. Look over any
breaking news and the trading plan that was written last night.
I generally like to day trade the opening for a few markets. Once the market seems
to slow down, my alerts and alarms are set. I generally respond to the markets
during their first hour of the day and then only as necessary.
Hopefully, by 10:30 CST our trading strategies are in place and
we await any alarms from our computers that require our attention.
During this time and until the markets close I hope to talk to mentoring
students. I stood in a pit with over 200 people every day. Now I’m staring
at a lifeless screen and I’m missing the camaraderie and
interaction the pit once provided.
After the market has closed, settle out all positions and prepare daily
settlements for tomorrow morning. Finish the day by studying the price charts,
volatility charts and set any alarms for overnight markets. I then prepare a
trading plan for tomorrow.