Lewis Borsellino's 10 Commandments of Trading

Source: Lewis Borsellino — CME floor trader legend. Traded for Goldman Sachs, Merrill Lynch, EF Hutton. Made $4.7M in a single day (1987). At one point responsible for 10% of S&P's total volume. 20 years of P&L without a single losing year. Words of Rizdom podcast, Part 2 (March 2026, 71K views).

Background: Who Is Lewis Borsellino?

• Started as an order filler in the Chicago Mercantile Exchange (CME)
• Rose to become the largest individual S&P futures trader in the pit
• Featured in USA Today as the biggest S&P futures trader in the country
• 20 consecutive profitable years — maybe 10 losing months total across two decades
• Traded ~1,000 contracts daily, sometimes making 2-3 ticks, sometimes 100 points
• Founded TeachTrade.com in 1996 (20,000 subscribers from 19 countries)
• Built an algorithmic trading system (5-min candle open range) that made $2M in 6 months
• Later founded a cybersecurity company (3 employees to 100+)