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“God just let it get back to even and I promise I’ll never trade again.”
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233
"A commodity trader's career lasts an average of 19 months, less time than most players spend in the National Football League. The difference is that every day is game day in the markets."
—Wall Street Journal, March 19, 1993
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It’s criminal how many times in my career I’ve taken off positions that would have been $250k winners 24 hours later.
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151
"Still has cards, pens, and gum in the pockets. Same as the day I left the floor. I put in my will I want to be buried in it."
—CME $FB page
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130
“There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market.”
—Paul Tudor Jones
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17
112
Been awhile since I've seen someone get dropped off in an 80s style limo in front of CBOT.
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7
109
Opening of the new $CME trading floor, 11/28/83 (via $FB)
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105
“Ceres Cafe is not a place you drink when you have subsequent commitments.”
—
@kbernot
,
@ChicagoMag
, 12/2/19
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9
98
"Most of these Harvard MBA types - they don't add up to dogshit. Give me guys that are poor, smart, hungry - and no feelings. You lose a few, but you keep on fighting."
4
20
85
It once cost $4000 a month or more to stand in this octagon.
13
9
93
"The floor was littered from end to end with scattered grain, peanut shells, torn newspapers and a countless multitude of yellow telegraph forms, crumpled and muddied under the trampling of innumerable feet. It was the debris of the battle-field."
9
15
86
Everyday I wake up and wish I could find something remotely as interesting as this fucking bullshit.
5
9
85
Rule was you had to wear a tie, but it didn't have to fit or look nice.
13
8
84
As a young trader I hated the days the market was closed. Now I know better.
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5
80
One of the first things an old-timer told me when I first got down to the Board was this: “The market exists to hurt as many people as possible.”
5
12
81
Per Facebook post, we’re sad to report ALNA has passed away. Deepest condolences to her family and friends.
May her memory be a blessing.
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3
77
Drug Enforcement Administration (DEA) officials raid the Chicago Board Options Exchange (CBOE) to arrest twelve individuals responsible for trading and using cocaine within the exchange (2/7/1979)
13
15
76
“You’re on a roll kid, enjoy it while it lasts. ‘Cause it never does.”
1
10
72
When the CBOT floor goes, so do the businesses that support it.
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7
70
One great thing about the floor was that you could literally throw anything on the floor. The next morning, it’s all gone.
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70
“Here you don't have a title, a plaque on your door or an executive washroom. What you do have is independence.”
—Lolly Doerrer, Futures, February, 1995.
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11
66
"God is not a commodity trader. The evidence suggests that God doesn't even like commodity traders."
—Larry Williams
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67
In 2019, Chicago Police superintendent Eddie Johnson was found asleep in his car after having “a couple of drinks” at
@Ceres_CafeIL
,
@cbotbuilding
.
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66
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63
“One thing you’ll find out the longer you are in this business is that nobody comes up with anything new. Everything that’s been done by you as a trader and everything that’s been done by the trader who started six months earlier has been done a thousand time before."
—Charlie D
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7
60
"A crowd forms in the pit of the Board of Trade, 141 West Jackson Boulevard, Chicago, Illinois. A corn fungus has recently surfaced, causing prices to spike." 8/1/1970
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59
"Soybean prices have been shifting sharply over the past few days, causing traders to crowd the soybean pit at the Board of Trade." 4/29/77
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"Think of it, the food of millions of people just at the mercy of a few men down there on the Board of Trade. They make the price. They say just how much the peasant shall pay for his loaf of bread. If he can't pay the price he simply starves."
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Getting married in Chicago is contingent on getting photos taken at CBOT.
5
2
57
“Chicago was a grease spot on the prairie until 1848 when the CBOT started. Without it, St. Louis is probably the hub of the Midwest. Chicago owes its entire existence to the formation of the CBOT and the subsequent financial innovation.”
@pointsnfigures
1
15
53
“Cut your losses. Cut your losses. Cut your losses. Then maybe you have a chance.” —Ed Seykota
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51
When I first came down to the Board a local told me “The market exists to hurt as many people as possible.”
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3
53
Don’t ever remember seeing
#CBOT
boarded up like this before, not even during WTO, Occupy or NATO “protests” in recent years.
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49
"There is nothing like losing all you have in the world for teaching you what not to do."
—Jesse Livermore
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51
Shuddered Kansas City Board of Trade (KCBOT), unknown date.
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52
Laughing the stormy, husky, brawling laughter of Youth, half-naked, sweating, proud to be Hog Butcher, Tool Maker, Stacker of Wheat, Player with Railroads and Freight Handler to the Nation.
—Carl Sandburg
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13
51
RT if you ever clerked on a Chicago floor and tell us when/where and share photos.
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"Traders buy and sell on the floor of the Chicago Mercantile Exchange", 5/31/79
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"The Board of Trade Building, black, grave, monolithic, crouching on its foundations, like a monstrous sphinx with blind eyes, silent, grave,—crouching there without a sound, without sign of life under the night and the drifting veil of rain." (1904)
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49
Mid 1990s CBOT trading jackets from Richard Harrigan, Paul M. Pantola.
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5
47
"We had a stripper on with a mutual fund manager to talk about her needs," he said over lunch. "He put her into a short-term bond fund."
—
@DavidBarboza2
,
@nytimes
, 5/16/99
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