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18 it: BLOOD, SWEAT AND SUCCESS TEARS The bill, the market can exist only together with players, and in any way differently.

That is why I consider that Crash of 1987 worst of everything that only could occur. Certainly, as well as many, I was in euphoria of the big and instant earnings. Was a lot of broken a large sum, but there were also those who has appeared on the unsuccessful party of the market and has been destroyed. I would prefer to earn on one million dollars a year within 30 years, than to lift 4 million for one year by destruction of the market and its reliability.

There were those who after Crash mischievously triumphed. On me, they have assimilated to the proverbial simpletons who have killed a goose, laying gold eggs, in hope to receive all treasures at once. But, as the history says, the goose bore only on one gold egg in day, and fools, having armed with a knife, have ruined all business. Morals: the patience and foresight, especially in financial questions, bear fruit. Probably, it is the basic lesson from good times. Live how you can. Take pleasure in the good luck granted to you by a life, but remember that times can change. The life, as well as the market, has the cycles of liftings and recessions. Good times never proceed eternally.

Trading - my life IN It day when I have entered for the first time in It a hall Grew dim, I have understood that have found the destiny I heard noise, I saw chaos, I felt energy and excitation and have fallen in love on all life. In unimaginable bedlam people desperately gesticulated also something shouted each other, throwing in card air. And in this air smelt as money.

I was 22 years old when I have crossed for the first time this threshold in January, 1980. I endured a painful transition period and did not understand how to dispose of the life. But I have come on Grew dim and have understood that have found the place.

Now computers interfere in exchange trade. Approach of electronic stock exchanges to open auction throws down a challenge. If all stock exchanges join this channel, a trading floor, probably, will disappear, barrackings will stop, and open auction will forget. But the auctions will proceed. It is necessary for banks to hedge interest rates, funds will use futures S&P, balancing with portfolios of actions, and it, survived, still will be it profit between tics. I have already made the course, having created a computer operational hall out of a floor, and have provided possibility to trade for myself and for investors. If Grew dim once will turn to a museum, I will trade still. Or behind the computer at my office in two quarters from the Chicago Trading Stock exchange, or

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