TradersAudio.com. Presented by Ben Lichtenstein phone:

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500 Pit Background Only - Traders News Beat Presented by Ben

1 S&P 500 Pit Broadcast - S&P 500 Options Squawk Box CBOT 30yr, 10yr, and Options Broadcast - CBOT Grain Room Squawk Box S&P 500 Pit Background Only - Traders News Beat Presented by Ben Lichtenstein benl@tradersaudio.com phone:

2 Who is Ben Lichtenstein? Active Member of the Chicago Mercantile Exchange 20 years Floor Experience 12 years Squawk Broadcaster President and Founder of

3 What is squawk? Live Audio feed direct from the S&P Trading Pit Broadcasters Exchanging Information Your Eyes and Ears in the Pit Real Time Audio - Zero Delay Consistent and Concise Language

4 How do traders use squawk? Real Time Pit Information Direction for Swing and Scalp Traders Live Source for News and Economic Releases Market Momentum Indicator Best used to Offset Position Seeing is Believing, but Hearing is Confirmation

5 What are the benefits? Confidence in Trading Decisions Live Streaming Indicator for SP, ES, YM Information with No Visual Distractions Hear Markets, Watch Charts and Positions Makes You Concentrate and Focus on Trading Knowing Changes in Market = Opportunity

6 What is the pit layout? filling Brokers outside the Pit, Locals inside the Pit top step outside Rail - filling Brokers top step inside Rail Big size Locals close to Brokers Small size Locals - middle of the Pit

7 What do you mean by Paper? a Generic term: communicates an order that originates from Off the floor Two kinds of Paper - Institutional and Retail Brokerage Firms, Banks, Institutions Paper rarely trades with Paper Paper orders enter Pit with: Limit, Stop, Market, MIT, MOC, Cash Close orders Contract size determines Paper respect

8 Who are the Locals? Individuals Trading their own Account Locals are Market Makers they facilitate trade Locals are the middle man like a car salesman Locals are First In and First Out - low commissions Trades: Paper with Locals Locals with Locals Risk vs Execution Speed and Access Number One Trader and Top Ten Traders - Abnormal

Buys/Sells Locals stuck Long or Short How Locals respond to Paper activity

9 What should I listen for? Energy or lack of Energy in the Market Market same Direction when Paper Buys/Sells Locals stuck Long or Short How Locals respond to Paper activity - Action/Reaction Paper or Locals on the Bid/Offer Locals Buy/Sell the e-mini (ES) Big Paper Buyer/Seller comes into the Pit

10 Will squawk improve my trading? Only You can improve your trading Develop and write down a Trading Plan Stick to the Trading Plan like the Locals As soon as you open an account You Are Trading Always use stops Practice trading your Plan Squawk gives You the Information to trade efficiently

11 Available at Click Market Research tab to access: Daily Support and Resistance Levels Reports for the Week Audio Commentary Glossary of Terms mp3 Frequently Asked Questions Free 3 day Trial, benl@tradersaudio.com youtube.com/tradersaudio over 230 videos

12 S&P 500 Pit Broadcast - S&P 500 Options Squawk Box CBOT 30yr, 10yr, and Options Broadcast - CBOT Grain Room Squawk Box S&P 500 Pit Background Only - Traders News Beat Presented by Ben Lichtenstein benl@tradersaudio.com phone:

Types of Orders & Placing Orders

Types of Orders & Placing Orders Types of Orders Trading Concepts, Inc. 2 Types of Orders The E-Minis (ES, YM, and NQ) are traded electronically on the Chicago Mercantile Exchange s (CME) Globex trading