If I am correct, Pabst, you have worked a couple of years as a local in the bond pit ? I have a couple of questions regarding the bond pit. I welcolme other members who have experience about pit trading to give their insight too. - What size were most of the locals trading ? 10, 50, 100 or 1000 ? - What size were so-called big local trading ? - Were the so-called big local just a few people i.e less than 10 or more like 20 or 50 among the 500 traders ? If I'm correct you've worked in the bond pit at the time Tom Baldwin was there ? In the interview he gave in Market Wizards, he stated that most of his big trades are 4 ticks winners. - Do big locals really make money by scalping 4 ticks ? - Could you see how he traded by being in the pit or was it too crowded to be able to follow his trades ? I find it hard to believe you can make millions in the long run by scalping 4 ticks. - What is your opinion on making millions by scalping 4 ticks ? Thanks.