Millionaire TradersQ: You trade Nasdaq basically from there?
A: Yeah, I do the exact same thing I would do if I was sitting in
my office.
Q: The only difference is do you trade overnight there? What
time does the market open there?
A: Yes. It’s the inverse of New York, so it’s 9:30p.m.to 4a.m.
Q: But stepping back to Chicago, when you have your own
business, how is the day? Is it still basically 8:30 you’re on the
desk? Do you trade from home? Do you trade from prop?
A: Well, over a year ago I left the office and set up at home just
because I moved out to the suburbs from the city and the commute
was just killing me. I hated it. I thought I would try it and see if
it was possible. I never thought you could trade from home unless
you actually ordered up a T1 and spent the money to do it right.
Which I was willing to do, but I thought I would go ahead and try
it because I noticed my Internet at home—DSL—was getting a
lot faster. So I set up at home and was shocked that it was actually
better than being at the office because you weren’t connected
through the office servers. I was piping directly into New York
versus going through all the servers that serviced 100 or so of our
traders in the office. Less issues, less problems, fast, if not faster.
So I run cable and DSL from home.
Q: For redundancy?
A: Yes, exactly.
Q: What kind of a setup do you have? How many screens are
you looking at?
A: Three CPUs. I have six screens—but one is just for instant
messaging other trading buddies. Also one is just a full page of the