what time do you get up in the morning to trade? Also, what is the "pit open"

Discussion in 'Trading' started by Anozira, Mar 22, 2013.

  1. Anozira


    The market opens at 0630 on the left coast so I get up about 0600. I wait for the markets to open at 0630 before I take notice of the market. What does the pit open refer to?
  2. Lucrum


  3. It's the overpriced starbucks like coffee and confectionery establishment on the chicago mercantile exchange that keeps the traders supplied with caffeinated drinks and sugar.

    Of course the real Pro's, use natures stimulant(coke the Real thing) in the adjacent well furnished executive lavatory .
  4. You playing with us arizonA
  5. lionline


    You're not serious.
    The real pit open is actually a buying or selling Non-held order (indicated by raising arms and exposing the armpit - or "pit")

    to be fair, it can be used at both the coffee stand and to get coke by the loo
  6. cornix


    20:30 (8:30 PM) for me. :)
  7. nursebee


    Pit open happens at various times, it depends upon who your broker is. Pit open refers to that time, about 3 seconds into the phone call or email, when one finally has to face the reality of a margin call.