The movie is streaming on Netflix now..just watched it...Its pretty good...
It is focused more on the transition from open outcry to electronic trading and the issues that many of the traders went through in this transition. If you watched "Floored", it is very similar to that but the energy is not as negative as "Floored." The individuals followed in "The Pit" actually had positive outcomes from the electronic transition.
Futures trading is over now. Thanks MF GLOBAL, CFTC, CME, Goldman, SPIC for shaking the individual traders out of the markets and making a clear path for the Big Banks & corporations to control & corner the commodity markets.
@lewistalbot111 "you should be considering the points that have been raised". I have been, and every single one of them is 100% wrong.
"me trading with my dad's account. >I trade with him you retard"
You've just admitted you lied again. Either way, your dad is a fool to let a snot-nosed 17 yr old jackass anywhere near his money. You just might end up homeless, Mr. The Market Is Not Rigged. Just ask George KlEInman or WaRren BuffetT!
@lewistalbot111 "You clearly lack an understanding of the markets. Only an idiot would clutch at straws and quote wikipedia to prove a point."
I just proved that proprietary trading is THE EXACT OPPOSITE of what you think it is, yet you tell me I have no understanding of the markets. Here's your homework assignment: look up the word "hubris", Mr. FX trader-on-his-dad's-account.
This is an admission from a 17 yr old arrogant little punk who continually shouts how the markets are not rigged while he claims he trades on the FX using his dad's account. Does anyone else here see a recipe for a huge disaster?
@lewistalbot111 Wikipedia definition: Proprietary trading (also "prop trading" or PPT) occurs when a firm trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments, with the firm's own money as opposed to its customers' money, so as to make a profit for itself.
So you see jackass, you have again made a total fool of yourself. Care to tell me a little more about how much you know about the markets? Tell me more about how stupid I am. I love a good laugh!
@lewistalbot111 "You clearly stated "banks print money" which is obviously wrong."
Hey jackass - I said banks CREATE money. You again FAIL to understand the basics of the banking system.
"I've already told you what it is. It's proprietary trading."
Sorry jackass, you lied again! The evidence is there for all to see, You continually spelled it "propriety" until I pointed out your stupidity. But guess what jackass: you most certainly lack any propriety whatsoever.
@lewistalbot111 Learn to spell what you claim you do, moron! ProprietARy is how to spell it.
What they did is actually called commingling, which is illegal. They used customer money for their own purposes, and lost most of it. MF Global was the largest firm on the CME. Tell me again it's not a scam.
I didn't say banks print money. Pick up a book some time and read about fractional reserve banking. They create money out of nothing. It's called fiat currency. You have a lot to learn sonny.
@lewistalbot111 "I trade with my dads account you nob" Then your father is even more of a fool than you are - and he's breaking the law - or you're a lying little poser.
@lewistalbot111 Maybe you should stay in school a little longer and learn how to spell what you claim you trade in. Maybe you should pick up a newspaper or turn on a television and learn that MF Global stole their customer's money.
It boggles the mind that people can be so naive as to stick up for these crooks. Keep telling yourself it's a zero sum game when banks have the right to create money by typing numbers into a computer.
@lewistalbot111 "If you had half a brain you'd realise that these traders provide the liquidity necessary to allow hedging operations to take place. (btw I'm one of those traders)"
Really? You're 17 yrs old. Nice try boot licker. Ever heard of MF Global? News Flash sunshine: The markets are RIGGED. You're in way over your head. Run along now little boy...
@lewistalbot111 "BTW my IQ is over 150. I'll take you on in an intelligence contest any day, asshole. Enjoy being a boot licking apologist sucker for your criminal masters, loser.
@lewistalbot111 "your obviously very stupid and don't understand the world financial markets" Oh really? I guess my 30 years studying the crimes of the creeps who fix the markets was all in vain because a boot licking creep like you says so, huh? Dipshit.
That's the thing with the market and capitalism one minute your making $100,000 and one wrong move or trade or not getting in the right minute the next your in the red and your car, home, and everything is gone. It's just legalized gambling. You make a bet you either make money or you lose it all.
its all good with computer trading until it gets High Frequency, just a bunch of servers making automated trades with each other capable. to manipulate any price on any exchange.
Does anyone know where this movie is release for purchase ? I want a copy. Any women involved in this that could answer me please ? thanks Elizabeth Di Francesca email me at elizabethsarmor@gmail.com
Fucking dumb asses, turn off CNBC. HFT does not "shut out" the small investor. The market is gona go which ever way its gona go. I love when people put the blame on others for their stupid mistakes. Oh and FYI, 'local' trading setups still work in the bond and tnote market. Quit falling for the index future hype and start trading some real markets.
Pit trading was so much better for livestock,especially feeders. I would always get a better fill than globex.Now globex is it.them and their bs algo's,fake quotes and all the other crap.
@papercut272 He said "guys, who make it down there, never went to collage!" .. therefore the dude saying he went to Harvard is going to get slaughtered!
one more question: the one guy says something beginning at 1:24 i dont understand his first sentence, but he ends with "but the customers actually prefer it tht way" i guess. can anyone help me? thank u
you do realize that the biggest commodity is YOU AND I ? We made ourselves a strawman when we were born and signed birth certificates/ We engage everyday in a dual life of the corporate world and corporate court system, we sign marriage certificates and make the state third party in contract to us as a couple, our children ( chattel ) and everything we have and work for............we never own our home courts are law of the sea/admiralty/see Max Jordans videos on admiralty- wake up!
@trystal1975 Nothing beautiful about computer algorithms that are rigged to rip off investors. HFT programs see order flow before it hits the market which allows a small group of people front run their orders ahead of everyone. Its a scam to enrich billionaires....
@KaliAndy2 I know and it's fucking BAY-YOO-TEE-FUL! Traders that bitch about the screen are sour because the heyday of them fucking the customer is over. They're pissed they're not raking in the cash and its a wonderful thing to me. These assholes and their Good Ole Boys Club are going down the shitter and I'm gonna toast a glass of champagne to it! Their hubris was unmeasurable when the going was good, they thought they were the smartest guys in the fucking room
@KaliAndy2 Now its time to get a real job. Have fun painting houses for a living because the old days of "I'll sell you 20 at 6 when its 7 bid across the pit" are over.
unless you're an institutional investor with access to high-speed computing systems that can log trades in microseconds, you really shouldn't think it's a "beautiful thing." These computers essentially shut out small investors, aka normal people, who want to put money into the markets but are dominated by algorithmic traders who make money off of the normal investors
@andrew99320 "normal investors" are people who basically give money away to the big banks, it doesn't matter if it's robots or people trading. Normal investors only make money when economy goes well for some time.
powellrobert, you are a complete prick, There is no better (or worse) feeling in the world than floor trading, You are ignorant as to what trading is all about, You must surely have an interest though otherwise you wouldn't have watched the video sure people like me have got rich from it, people have also failed and took their own lives as a result, Without any traders to regulate the commerce which helps control inports and exports untimately the world would be a much worse place.
@3of11 Before internet trading traders working the pits had huge advantage and made lots of money through fees, huge spreads, front running etc. Internet trading allowed people to buy/sell directly(ecns) which cut out the middle man, bringing costs to as little as $2-3-5 a trade vs potential $100s before. Now HFTs are allowed to front load ahead of every order same way fat pigs in the pits did. Is getting ripped off by a billionaires algorithm any better than getting ripped by a pit trader?
Thank you for posting this web on my cousin Charlie D, The one regret I had before Charlie died was for him to tell us the truth about "commodity" our birth certificates making us commodity and our strawman..had we known we would have educated others Bundling, selling We The Peoples, created debt,for pennies on the dollar The truth would have set us free , God help this nation. Elizabeth Di Francesca
@bethwall What the fuck did you just say? I read your post several times trying to make sense of it and I think I got the jist of it, but you write like shit.. Maybe you should rephrase that
@BLUR600 I just got back to this and your comments with profanity. First, I am first cousins of Charles D our dads ( were) brothers. Second, People who have no discernment could never understand what real knowledge is all about. Third, read Jekyll Island and other books or go see Maxwell Jordans youtubes on who you are and what our birth certificate means. When you understand the real Matrix is money-commodity-(you and I as slaves ) you will understand what I am saying.
@mdsimps2 now read the new one to Mr bad mouth BLUR600. I was being gentle here and I am about to turn ugly on these issues now seeing the jerks following these posts either haven't a clue as to who they are or they are working coverts smoke screening the truth....The Pit should end with the truth about money, the banking system, elitist and how the common people have been lied to and used for so many years: FREEDOM TO FASCISM is a good video to begin with here.
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I want this video on my N-Gage QD unit.
hunteraceved49 1 month ago
This is one very "perfect" video. =p
mspinney203 1 month ago
The movie is streaming on Netflix now..just watched it...Its pretty good...
It is focused more on the transition from open outcry to electronic trading and the issues that many of the traders went through in this transition. If you watched "Floored", it is very similar to that but the energy is not as negative as "Floored." The individuals followed in "The Pit" actually had positive outcomes from the electronic transition.
eessek 1 month ago
Where can I find this documentary? (1% > 99%)
ziyaze 2 months ago
Futures trading is over now. Thanks MF GLOBAL, CFTC, CME, Goldman, SPIC for shaking the individual traders out of the markets and making a clear path for the Big Banks & corporations to control & corner the commodity markets.
jensarmbag 2 months ago
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RickSofo 2 months ago
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RickSofo 2 months ago
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RickSofo 2 months ago
Anyone...... download link ?
raducumuculucu 3 months ago 8
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Are you looking for financial news and Forex Research & Tech. Analysis with informative videos for more details visit website tradernewsorg
ariesmars1 3 months ago
@lewistalbot111 "you should be considering the points that have been raised". I have been, and every single one of them is 100% wrong.
"me trading with my dad's account. >I trade with him you retard"
You've just admitted you lied again. Either way, your dad is a fool to let a snot-nosed 17 yr old jackass anywhere near his money. You just might end up homeless, Mr. The Market Is Not Rigged. Just ask George KlEInman or WaRren BuffetT!
NibsNiven 3 months ago
@lewistalbot111 "You clearly lack an understanding of the markets. Only an idiot would clutch at straws and quote wikipedia to prove a point."
I just proved that proprietary trading is THE EXACT OPPOSITE of what you think it is, yet you tell me I have no understanding of the markets. Here's your homework assignment: look up the word "hubris", Mr. FX trader-on-his-dad's-account.
NibsNiven 3 months ago
@lewistalbot111 WTF is a "liberial", retard?
NibsNiven 3 months ago
"I trade with my dads account you nob."
This is an admission from a 17 yr old arrogant little punk who continually shouts how the markets are not rigged while he claims he trades on the FX using his dad's account. Does anyone else here see a recipe for a huge disaster?
NibsNiven 3 months ago
@lewistalbot111 Wikipedia definition: Proprietary trading (also "prop trading" or PPT) occurs when a firm trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments, with the firm's own money as opposed to its customers' money, so as to make a profit for itself.
So you see jackass, you have again made a total fool of yourself. Care to tell me a little more about how much you know about the markets? Tell me more about how stupid I am. I love a good laugh!
NibsNiven 3 months ago
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@lewistalbot111 "You clearly stated "banks print money" which is obviously wrong."
Hey jackass - I said banks CREATE money. You again FAIL to understand the basics of the banking system.
"I've already told you what it is. It's proprietary trading."
Sorry jackass, you lied again! The evidence is there for all to see, You continually spelled it "propriety" until I pointed out your stupidity. But guess what jackass: you most certainly lack any propriety whatsoever.
NibsNiven 3 months ago
@lewistalbot111 Learn to spell what you claim you do, moron! ProprietARy is how to spell it.
What they did is actually called commingling, which is illegal. They used customer money for their own purposes, and lost most of it. MF Global was the largest firm on the CME. Tell me again it's not a scam.
I didn't say banks print money. Pick up a book some time and read about fractional reserve banking. They create money out of nothing. It's called fiat currency. You have a lot to learn sonny.
NibsNiven 3 months ago
@lewistalbot111 "I trade with my dads account you nob" Then your father is even more of a fool than you are - and he's breaking the law - or you're a lying little poser.
NibsNiven 3 months ago
@lewistalbot111 Maybe you should stay in school a little longer and learn how to spell what you claim you trade in. Maybe you should pick up a newspaper or turn on a television and learn that MF Global stole their customer's money.
It boggles the mind that people can be so naive as to stick up for these crooks. Keep telling yourself it's a zero sum game when banks have the right to create money by typing numbers into a computer.
NibsNiven 3 months ago
@lewistalbot111 Sorry goof, but 17 yr olds are not allowed to trade. You're not fooling anybody but yourself.
NibsNiven 3 months ago
@lewistalbot111 "If you had half a brain you'd realise that these traders provide the liquidity necessary to allow hedging operations to take place. (btw I'm one of those traders)"
Really? You're 17 yrs old. Nice try boot licker. Ever heard of MF Global? News Flash sunshine: The markets are RIGGED. You're in way over your head. Run along now little boy...
NibsNiven 3 months ago
@lewistalbot111 "BTW my IQ is over 150. I'll take you on in an intelligence contest any day, asshole. Enjoy being a boot licking apologist sucker for your criminal masters, loser.
NibsNiven 3 months ago
@NibsNiven Yeah, quoting an IQ score always makes you look clever online
mcbooze 3 months ago
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@mcbooze Like I give a shit what you think.
NibsNiven 3 months ago
@lewistalbot111 "your obviously very stupid and don't understand the world financial markets" Oh really? I guess my 30 years studying the crimes of the creeps who fix the markets was all in vain because a boot licking creep like you says so, huh? Dipshit.
NibsNiven 3 months ago
"It's raw capitalism" No it's not - it's a scam. I hope every one of these leeches is homeless by the end of the year.
NibsNiven 3 months ago
what a nightmare this place is. a greedy gamblers paradise
MrMeineNamen 3 months ago
@iExperiencedit lol i was just about to look.....
zz4r 3 months ago
That's the thing with the market and capitalism one minute your making $100,000 and one wrong move or trade or not getting in the right minute the next your in the red and your car, home, and everything is gone. It's just legalized gambling. You make a bet you either make money or you lose it all.
redmustang03 4 months ago
its all good with computer trading until it gets High Frequency, just a bunch of servers making automated trades with each other capable. to manipulate any price on any exchange.
blkhat117 5 months ago
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Does anyone know where this movie is release for purchase ? I want a copy. Any women involved in this that could answer me please ? thanks Elizabeth Di Francesca email me at elizabethsarmor@gmail.com
bethwall 5 months ago
@sleepyhungaw the market is very stable nowadays.
WilliamAztech 5 months ago
Fucking dumb asses, turn off CNBC. HFT does not "shut out" the small investor. The market is gona go which ever way its gona go. I love when people put the blame on others for their stupid mistakes. Oh and FYI, 'local' trading setups still work in the bond and tnote market. Quit falling for the index future hype and start trading some real markets.
markpen23 5 months ago
@markpen23 What are the "real markets" ?
Smaejdah 5 months ago
Why are they yelling? What are they saying? Are they buying or selling stocks? Could someone explain please?
Fodorxx 6 months ago
@Fodorxx Their looking for your mom.
lolumad82 5 months ago
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Domibond007 6 months ago
I cannot wait for this to come out on DVD or Blu Ray as I can't get Netflix where I am.
Shannmeister 6 months ago
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Where can I watch this film online?
Cobratrading81 6 months ago
what a bunch of jackasses
lilbromarky1 7 months ago
thepitmovie
Y NO LINK IN DESCRIPTION?
FomoHaber 7 months ago
Hft High frequency trading has destroyed the way of trading down on the floor!!!
movie58 7 months ago
love the excitement the guy shows at 0:22 .. Dances better than justin bieber even while working..
rbehani777 8 months ago
0:23 that guy's really on fire!
exitiummagnum 8 months ago
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still cant beleive that watched this movie in webmovietube for completely free
GailCamino 8 months ago
cool movie..check this at webmovietube
KimberlyFilippelli 8 months ago
Anyone know where I can download or watch this. There isn't even a purchase option on their website....
SapereFX 9 months ago
I love how everyone has an opinion but no one has answered the question of WHERE CAN WE WATCH THE MOVIE AT?
OGxN3U12ONx 10 months ago 2
the 3 people who disliked this video are those lost their all borrowed money in pit trading ...
charismapowerdotcom 10 months ago
I did not know this is what is going on behind the PC screen.
25EZEKIEL 10 months ago
the only antique thing here is that guys moustache
korahaplayas 11 months ago
... the "into the pit" documentary brought me here! couldnt be more opposed!
flop89 1 year ago
Pit trading was so much better for livestock,especially feeders. I would always get a better fill than globex.Now globex is it.them and their bs algo's,fake quotes and all the other crap.
cowtrader 1 year ago
Anywhere one can get this documentary?
Onyemeachi 1 year ago
Where can I watch this?
negrosunited 1 year ago
That dude from harvard looks like Floyd landins
rbonilla18 1 year ago
YAWN New York pits have (had) nothing on Chicago.
joker2x 1 year ago
why do they all start shouting at the start?????????/
321dilraj 1 year ago
"guys here... never went to college!" ... next guy.. " i went to college in harvard.."..
papercut272 1 year ago 10
@papercut272 He said "guys, who make it down there, never went to collage!" .. therefore the dude saying he went to Harvard is going to get slaughtered!
Smirnoff71 1 year ago
@Smirnoff71 he looked rich to me =]
papercut272 1 year ago
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when is this coming out?
riceboi1983 1 year ago
Release date? Or already out,
Lodian1019 1 year ago
one more question: the one guy says something beginning at 1:24 i dont understand his first sentence, but he ends with "but the customers actually prefer it tht way" i guess. can anyone help me? thank u
HSWRKUHHUJHU 1 year ago
@HSWRKUHHUJHU no, help yourselve bitch
yougonasorry 1 year ago
@HSWRKUHHUJHU "It's kind of like an antique way of doing business but the customers actually prefer it that way"
adde22 1 year ago
@adde22 thank you
HSWRKUHHUJHU 1 year ago
you do realize that the biggest commodity is YOU AND I ? We made ourselves a strawman when we were born and signed birth certificates/ We engage everyday in a dual life of the corporate world and corporate court system, we sign marriage certificates and make the state third party in contract to us as a couple, our children ( chattel ) and everything we have and work for............we never own our home courts are law of the sea/admiralty/see Max Jordans videos on admiralty- wake up!
bethwall 1 year ago
Because, the truth shall set you free, even if you work in the Pit
bethwall 1 year ago
why did someone delete all my comments?
HSWRKUHHUJHU 1 year ago
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HSWRKUHHUJHU 1 year ago
@HSWRKUHHUJHU these people are looking bankruptcy in the eye every day. It's raw capitalism.
nZoAlpha 1 year ago
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HSWRKUHHUJHU 1 year ago
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HSWRKUHHUJHU 1 year ago
thats why i hate humans
MrAlexandreJuby 1 year ago
I love that computer trading is taking over. It's a beautiful thing.
trystal1975 1 year ago 16
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HSWRKUHHUJHU 1 year ago
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HSWRKUHHUJHU 1 year ago
@trystal1975 really? do you understand how many jobs were lost?
HoefsTP 1 year ago
@HoefsTP do you understand how many more jobs were created??
gman1876 1 year ago
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@trystal1975 coming from someone who doesn't know a thing about trading ..
brandonvass1002 9 months ago
@trystal1975 Nothing beautiful about computer algorithms that are rigged to rip off investors. HFT programs see order flow before it hits the market which allows a small group of people front run their orders ahead of everyone. Its a scam to enrich billionaires....
KaliAndy2 6 months ago 2
@KaliAndy2 I know and it's fucking BAY-YOO-TEE-FUL! Traders that bitch about the screen are sour because the heyday of them fucking the customer is over. They're pissed they're not raking in the cash and its a wonderful thing to me. These assholes and their Good Ole Boys Club are going down the shitter and I'm gonna toast a glass of champagne to it! Their hubris was unmeasurable when the going was good, they thought they were the smartest guys in the fucking room
trystal1975 6 months ago
@KaliAndy2 Now its time to get a real job. Have fun painting houses for a living because the old days of "I'll sell you 20 at 6 when its 7 bid across the pit" are over.
trystal1975 6 months ago
@trystal1975
unless you're an institutional investor with access to high-speed computing systems that can log trades in microseconds, you really shouldn't think it's a "beautiful thing." These computers essentially shut out small investors, aka normal people, who want to put money into the markets but are dominated by algorithmic traders who make money off of the normal investors
andrew99320 6 months ago
@andrew99320 "normal investors" are people who basically give money away to the big banks, it doesn't matter if it's robots or people trading. Normal investors only make money when economy goes well for some time.
WilliamAztech 5 months ago
@trystal1975 it's not though, there is no match for a human brain...it's still humans trading on computers...
zF15z 5 months ago
powellrobert, you are a complete prick, There is no better (or worse) feeling in the world than floor trading, You are ignorant as to what trading is all about, You must surely have an interest though otherwise you wouldn't have watched the video sure people like me have got rich from it, people have also failed and took their own lives as a result, Without any traders to regulate the commerce which helps control inports and exports untimately the world would be a much worse place.
flyingAnet 1 year ago
FUCK the people who created the trading platform ICE... Fuckin Assholes!!!
PowellRobertM 1 year ago
Irony: Bunch of capitalists upset because a new technology is beating them and is going to cause them to lose their jobs.
3of11 1 year ago 26
@3of11 YOU ARE A CAPITALIST YOU DUMB FUCK
BrettDunbar 1 year ago
@BrettDunbar How do you know??? A bit presumptuous I would say...
And he is right! Bunch of capitalists being pissed because "darwinism" of the introduction of computers is taking over: IRONY
BillHicks420 1 year ago
Comment removed
GeoffBond007 1 year ago
@3of11 That's not irony, that's just capitalism.
jcbookman 1 year ago
@3of11 guess whos is using the technology.
mpk779 1 year ago
So so true. It's easy being a capitalist when you're on top. Harder to swallow it tho.
Renegen1 9 months ago
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@3of11 hahahaha
bostonrules222 6 months ago
@3of11 i love how naive you are ha ha - capitilsm is teh only reason you can type that comment
Guugleable 5 months ago
@3of11 Before internet trading traders working the pits had huge advantage and made lots of money through fees, huge spreads, front running etc. Internet trading allowed people to buy/sell directly(ecns) which cut out the middle man, bringing costs to as little as $2-3-5 a trade vs potential $100s before. Now HFTs are allowed to front load ahead of every order same way fat pigs in the pits did. Is getting ripped off by a billionaires algorithm any better than getting ripped by a pit trader?
KaliAndy2 5 months ago
Thank you for posting this web on my cousin Charlie D, The one regret I had before Charlie died was for him to tell us the truth about "commodity" our birth certificates making us commodity and our strawman..had we known we would have educated others Bundling, selling We The Peoples, created debt,for pennies on the dollar The truth would have set us free , God help this nation. Elizabeth Di Francesca
bethwall 1 year ago
@bethwall What the fuck did you just say? I read your post several times trying to make sense of it and I think I got the jist of it, but you write like shit.. Maybe you should rephrase that
BLUR600 1 year ago
@BLUR600 I just got back to this and your comments with profanity. First, I am first cousins of Charles D our dads ( were) brothers. Second, People who have no discernment could never understand what real knowledge is all about. Third, read Jekyll Island and other books or go see Maxwell Jordans youtubes on who you are and what our birth certificate means. When you understand the real Matrix is money-commodity-(you and I as slaves ) you will understand what I am saying.
bethwall 1 year ago
@bethwall Well said. I totally agree.
mdsimps2 1 year ago
@mdsimps2 now read the new one to Mr bad mouth BLUR600. I was being gentle here and I am about to turn ugly on these issues now seeing the jerks following these posts either haven't a clue as to who they are or they are working coverts smoke screening the truth....The Pit should end with the truth about money, the banking system, elitist and how the common people have been lied to and used for so many years: FREEDOM TO FASCISM is a good video to begin with here.
bethwall 1 year ago
Comment removed
mdsimps2 1 year ago
What's the website? I'd like more info on the movie
evafan427 1 year ago
wow
JustWantBeSuccessful 1 year ago