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Special Guest Speaker Ben Lichtenstein Explains S&P Pit Trading

  • Jan 26, 2013 · 9:30 AM
  • This location is shown only to members

You know him as the voice behind the blow-by-blow action from the S&P 500 Pit as heard on Traders Audio (http://tradersaudio.com/) and on the Think or Swim Market Cast channel. You have also seen him on CNBC and now Ben Lichtenstein is coming to our club to give us the inside scoop on how the S&P Pit trading works.

It's not very often that we get an opportunity to speak one-on-one with an industry insider. Do your best to clear your schedule for this event.

Bio: TradersAudio started out about 15 years ago. I (Ben Lichtenstein) started as a clerk for a futures trader who spread the S&P and Dow Jones futures contacts. He needed to know what was happening in the S&P because the trade in the Dow was based on the S&P price. If I was quoting a price in the S&P and misquoted the price (slippage) it caused the trade to be worthless.
Quickly, I learned the importance of fast, factual, and concise information, especially for those not able to watch the trading floor live. I eventually spoke to the clerk and we both decided that I would just focus on TradersAudio and not work as a clerk any longer.

Being on the trading floor for a long time, I have learned price activity and how the human element factors into the markets. It took me years to be able to read people's faces and see how they
are handling a position emotionally. Key events over the past years, such as: Greenspan's "irrational exuberance", the events of 9/11, MF Global and the Flash crash, have made me a more mature broadcaster and thereby increase the quality of my broadcasts as well.

The focus of TradersAudio is to provide fast information relevant to trading. There is a lot of information developing throughout the day, whether it be buyers, sellers, options activity or news. We
try to provide all the information your charts can't tell you such as players. Local activity tends to have less conviction, whereas institutional activity has more conviction.

I am extremely proud of our customer service here at
TradersAudio. We treat each customer as individual as opposed to just a credit card number. TradersAudio maintains a commitment to honesty and integrity despite any circumstances that may arise. In addition, we work extremely hard to bring you a consistent service with relevant information. We are usually the first on the floor and the last to leave.

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  • Mike C

    Ben's strategy overview was most excellent.

    January 29, 2013

  • Mike P.

    War stories are something to learn from. The last hour had very good information. I would recommend to others if they get the chance to hear him.

    January 28, 2013

  • Candis K.

    The last 45 minutes of Ben's presentation was GOLD!

    Nick, if you keep getting such good speakers, you are going to need a much bigger room! :)

    Candis King

    January 27, 2013

  • Neil

    great guy

    January 27, 2013

  • Marty M.

    He gave me insights as to interpreting chart and volume behavior that I had never considered.

    January 27, 2013

  • Irina D.

    great! learned a lot!

    January 27, 2013

  • Mark S.

    Ben provided something foe every level trade and wit great examples and engagement. Excellent. Mark S

    January 26, 2013

  • Sergey B.

    Learn a lot from Ben today.

    January 26, 2013

  • Glen M.

    Great meeting!

    January 26, 2013

  • A former member
    A former member

    I came for the last hour, and it was great. Very entertaining and educational. Thank you Nick for bringing him.

    January 26, 2013

  • Nick F.

    Awesome job Ben! Thank you for spending the morning with us. Your daily S&P Pit audio is incredible. I would be lost without it.

    January 26, 2013

  • Chuck Dunlop S.

    I see Ben on the TV and am looking forward to hear what he has to say.

    January 23, 2013

33 went

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