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God in the Pits: Confessions of a Commodities Trader
 
 
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God in the Pits: Confessions of a Commodities Trader (Paperback)

by Mark A. Ritchie (Author) "East down Jackson Boulevard, the morning sunlight had just begun its day over Lake Michigan when I turned right and walked into the Chicago Board..." (more)
3.3 out of 5 stars See all reviews (3 customer reviews)

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Product details

  • Paperback: 266 pages
  • Publisher: Thomas Nelson Inc; Reprint edition (Jan 1990)
  • Language English
  • ISBN-10: 0840731981
  • ISBN-13: 978-0840731982
  • Product Dimensions: 13.7 x 12.7 x 2.5 cm
  • Average Customer Review: 3.3 out of 5 stars See all reviews (3 customer reviews)
  • Amazon.co.uk Sales Rank: 1,155,627 in Books (See Bestsellers in Books)

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Customer Reviews

3 Reviews
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Average Customer Review
3.3 out of 5 stars (3 customer reviews)
 
 
 
 
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1.0 out of 5 stars Challenging, 18 Mar 2005
By Mark Weir (Nottingham) - See all my reviews
This is a book that should wear clothes. Its honesty and clarity on reflection makes it emotionally nude. Stunning. Must read.
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5.0 out of 5 stars Read but heed!, 22 Nov 1998
By A Customer
This review is from: God in the Pits: Confessions of a Commodoties Trader (Paperback)
I've rated this book five stars but can only recommend it to those who will honestly look at themselves and listen to what the author is saying. This book is NOT primarily about commodities trading although traders (especially "part-timers") should read it. It's an autobiography that starts with the author's means of livelihood but then moves into a far more important aspect of his life - something few have the honesty to think about, and of which fewer still are willing to write about publicly.

After trading a small account (and losing) for a year I ran across this book. I was excited and encouraged by the author's successes but chose to ignore or downplay his failures and warnings. "Surely that wouldn't happen to me, a Christian...after all, my motives are of the highest order [or are they?] and I would gladly donate half of what I make to good causes" [as long as it's half of a million]. In short, I didn't fully understand the subject which comes out as the main focus of this book, and because of this, I didn't heed the warning to us over-confident part-timers. Nevertheless, after near-bankruptcy three years later, I have a much better understanding of the more important things Mark Ritchie attempts to convey.

On second thought, based on the main focus of the book, I FULLY recommend it to all who can get their hands on it! Better to expose underlying bankruptcy and hypocrisy now, thus creating desire for a cure, rather than later when the remedy is no longer offered. I dare you to read it with an open and honest mind, but be especially careful, and read some of the primary source material cited. If this doesn't stir up your thinking you probably can't be stirred!

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4.0 out of 5 stars A "Must" read for anyone investing in commodities, 16 Mar 1998
By A Customer
This review is from: God in the Pits: Confessions of a Commodoties Trader (Paperback)
This very honest account of floor trading clearly outlines some of the subtle and not-well-known techniques of traders in buying and placing trades. Any investor should be aware of these variables and plan accordingly, as Ritchie warns. He also offers a fascinating view of the human and psychological side of the trading profession. The book is similar in approach to Niederhoffer's "The Education of a Speculator."
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