Phantom of the Pits
It had to happen I thought
to myself as I took a walk to the top of a small hill just behind
my home. There isn't a single trader who wouldn't give half his
trade (more...)
I've been asked over three
decades to present to others just a few of the secrets of trading.
I am not one to want my picture front and center. I am not one to
wa (more...)
The following is an
interview with one of the most powerful traders I have ever known
and whom I consider the best trader I have ever known. His purpose
in this a (more...)
ALS - Phantom, can you
remember the first advice you ever heard from another
trader?
(more...)
ALS - Let us get into a
little of your background without breaking the rules here. How did
you come upon the name of Phantom of the Pits?
(more...)
When several traders who
use the Futures Magazine traders forum learned that there would be
a book on Phantom of the Pits they made suggestions. We are going
to s (more...)
When the subject of why it
was so important to write this insight, the remark was always,
catch me at the right time for that answer. I remember as a child
playin (more...)
ALS - Phantom, do you want
to continue on rule one or is it time to move on to rule
two?
(more...)
ALS - Phantom, your
required rules seem pretty simple. Let's use some practical
applications in real time trading.
(more...)
ALS - Just by the title of
this chapter I can see a picture being painted by an artist. All
these traders standing with notebooks, bow and arrows, alarms ready
to (more...)
Option trading presents
many more possibilities to vary your trading plan than do just
futures, bonds or stocks. There are as many ways to trade a
position or sce (more...)
Cloud Hopping is dedicated
to the memory of your and our friend John Denver who died in his
experimental airplane on October 12th, 1997. John touched our
hearts w (more...)
This chapter is as
important as any chapter of any book written in modern times to
Phantom. I don't mean to take a platform but today I have
discovered many reaso (more...)
It has taken me awhile to get my thoughts together after what has become one of the most
eventful trips of my life. We arrived home in time for Allan to
make a 7:00 PM cla (more...)
Phantom indicated it was a
combination of knowledge and behavior modification, which he
learned over his trading career that, was the important elements in
correc (more...)
Many subjects of interest
seem to intrigue Phantom on trading but seldom is there time in a
persons life or career when the time to smile and have nothing but
fun (more...)
Usually a newly placed
trade in any particular market is placed with the greatest optimism
and with human elements of hope for it's correct movement. Perhaps
the (more...)
ALS - Is it true that you
have saved the best until last in your insights?
(more...)
Phantom remembers those
people he meets along his journey in trading and those he has met
since he started his insight give back. His remarks were that he
felt he (more...)
I've noticed a lot of
arrows drawn on pieces of papers, a few triangles and other strange
dittos. I thought they might be new flow charts for another one of
Phant (more...)
Everyone knows that the
market is always considered correct and there isn't reason to even
dispute this belief. Most of our beliefs have been previously
written o (more...)
Art - Phantom, you have
indicated that you used rule one and rule two in your trading
career to allow you to change your thinking and your behavior. Why
do you no (more...)
Just when you know you have
everything covered to start your trading career or to continue the
one you started, you find that you have a few more questions that
y (more...)
The phone rang in the
middle of the night. Not knowing if it was important I got up to
answer it just as everyone else would. The voice at the other end
was a fam (more...)
Phantom has always been
anxious to address what the traders questioned in trading. It was
with great hesitation that the subjects of order placement and fill
pric (more...)
Phantom indicated that it
was time to conclude the talk forum part of Phantom's Gift and move
to the sidelines in order to complete the first book of his give
bac (more...)
It's always difficult to
get a group of people together at a time and place and equally
difficult to get Phantom to be available to work on a specific
project esp (more...)
Arthur L. Simpson is an
independent trader and has been a member of the Chicago Open Board
of Trade and (now) the MidAmerica Commodity Exchange continuously
since (more...)
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