
39-year trading vet / MrTopStep Partner @pitbulltraders Home of The Pit 🐾 Join The Pit Chat Room: https://xitter.cf/t.co/pu883VTWDn
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MrTopStep retweeted
This is the trading room crew at Elliottwavetrader.net We run the Fibonacci Markets and Stocks area on the site. Free trials available :) queenoffibs.com
MrTopStep retweeted
$ES $SPY $SPX $QQQ $NQLT
Who sold them to me? Louis Borsellino LBJ and when I pull the offer the ESU went straight up and a few minutes later he came flying out of the pit, and came up to me saying screaming in my face saying "I know what you did, threaned me a few time and said"The next time to do that Im going to buy that 500"
I smiled at him when back to my desk, the PitBull wanted to talk to me : )
The End
MrTopStep retweeted
$ES $SPY $SPX $QQQ $NQLT
As the 4th oder hits the ESU is falling, Im up $80k, $90k, $110k and by the time the last $600 Tudor order is fill Im up $150k but Im not done. I walk over to WIN and tell him to bid 827.50 on 100, its trading 827.70 at 80 and I tell him to offer 500 at 80 'hard, show the hold number and would a 827.40 bid on 75 lots.
WIN offers 500 at 80 a few times amd ot goes 700 offered, I yell at him 'go down to 70, offer the 500 hard, its goes 60 offer and I tell him to go down to 60 and offer the 500 hard. WIN turns to me and say your filled I bould 100 at 827.50, its sell 50 bid. I look at him andf said offer 500 at 60, the SPU goes offered and I say, sell 500 at 50 and he offers and turns to me and says your filled I paid 827.50 on 75, I say cancel the 500 lot offer. Guess who sold them to WIN? Im up $180k in 15 mins
MrTopStep retweeted
$ES $SPY $SPX $QQQ $NQ
The locals in the pit knew the Tudor rotation and they start selling because they know another 600 SPU is about to get sold so when the 2nd oder hits the pit they offering infront of the order and at the end of that ofered Im down $50k. See WIN is the red jacket?
He knew my position and called me over and says when the next Tudor order hits let me offer 200 for you, Ill help scare the locs that I have a big order. I know that sould crazy but at this point... its going my way and I say... go ahead. By the time the 3rd order is filled Im up $35k
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MrTopStep retweeted
$ES $SPY $SPX $QQQ $NQ
And then I look over at the Tudor desk and I see the clerk walk into the pit (Paul Jones) did not want his orders flashed into the pit and I knew that when he places one oder into his desk 2nd order went to another desk and the 3rd oder went to another desk and the 4th order went to another.
What I didnt know was it a buy order or a sell order and a few seconds later the clerks in the pit were yelling out 'Tudor just sold 600 SPU' and now I was down $95k
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MrTopStep retweeted
$ES $SPY $SPX $QQQ $NQ
I knew that size kills, over trading, trading to trade never makes money, I knew that because I knew locals and desk accounts would blow up all the time.
I literally felt like I could throw up. All I could think is why did I put myself in this spot and I kept telling myself 'you know better'
And then I pick up the PitBull and as always he asked me what I think... I couldnt talk and told him I was short and would call him back and he hung up the phone on me.
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MrTopStep retweeted
$ES $SPY $SPX $QQQ $NQ
See the guy in the black jacket? The is Mark Erwin (WIN) He was fillion my oders but i was not hand signaling the orders in, I wrote them on a trading card because i didnt want 20 clerls yelling out "DBOYs short 200"
I want back to my desk and acted like nothing was going on and took a few desl orders as the SPU continied going bid.
Continued
MrTopStep retweeted
$ES $SPY $SPX $QQQ $NQ
A few clearks at my desk knew and one clerk in the pit was watching me the whole time, he saw I was sweating and saw the desk guys looking at me. They knew I was in trouble.
I had $500k in an account with the firm but this was the last thing I wanted to have happen. I was trying to figre out where I would have to stop myself out.
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MrTopStep retweeted
Ken Griffin on AI, Midterm Elections and Fiscal Policy
youtu.be/mV1V0FXixDE
MrTopStep retweeted
Rich Handelstats xitter.cf/i/broadcasts/1yKAPwZeA…
MrTopStep retweeted
Replying to @pointsnfigures1 @MrTopStep
One time I was long 500 eurodollars....was out 10 points on them ($125k). Number was coming out at 9am. It was 8:57....I could either chuck em, or hold em. I held them. Number comes out. Market rallies 10 pts. Another local bids my number for 500 and I yell SOLD. Scratched. Market fell apart. That wasn't skill....that was luck.
MrTopStep retweeted
Tom Incorvia: Market Profile xitter.cf/i/broadcasts/1dKrPrXeW…
MrTopStep retweeted
♾🙏...Missed Markets & Mindset today? Catch the recording. See you next Wednesday, 11am CT.
SAVE THE DATE
The Funded Path Workshop
Sat, Nov 14 · 11am to 1:50pm CT · in the Pit
Closing with a sound bath integration by my sister, Steph Radkay. Free. Sign-up link coming soon.
@MrTopStep @pitbulltraders @TrebledSouls
MrTopStep retweeted
♾🙏...Mindset Foundations This Week: Markets & Mindset. Wednesday, 11am CT in the Pit. Free. pitbulltraders.com/l/thepit/
SAVE THE DATES
Nov 14 · The Funded Path Workshop. Free.
Dec 22 · Funded Path Institute. Doors open. Cohort One Orientation.
@pitbulltraders and @MrTopStep.
MrTopStep retweeted
Rich Handelstats xitter.cf/i/broadcasts/1YGNrbgXN…
MrTopStep retweeted
It doesn't really matter what you trade but the thing that does matter is movement, unless you are selling options premium. Why have the ranges and volume fallen?
I have a 2 word answer why, the midterm elections : Ranges Shrink / Volumes Fall
A 2025 academic study examining elections from 1992 through 2024 found unusually low volatility during the weeks immediately preceding elections, even though volatility was elevated during earlier pre-election months.
ScienceDirect sciencedirect.com/science/ar…
The Federal Reserve Bank of St. Louis also found that the VIX declined an average of 7.3% around midterm elections, measured from two trading days before to three trading days after.
St. Louis Fed stlouisfed.org/on-the-econom…
I have to admit, I never intended to use Ai as much as I do but it's not Ai coming up with the ideas, it's me and there is no way I could pull this type of data on my own.
ES Trading Volume and Daily Ranges Fall Sharply in October
October started with strong ES trading volume, with 1.859 million contracts changing hands on October 2. However, participation quickly began to fade, dropping to 1.359 million contracts on October 5 and 1.262 million on October 6. Volume briefly rebounded to 1.700 million contracts on October 8 before falling sharply again, hitting just 927,661 contracts on October 12. That's a 50.1% decline in daily volume from October 2, and the lowest-volume session of the seven shown.
The ES's daily trading ranges followed a similar pattern. On October 2, the ES traded in an 87-point range, followed by 87.25 points on October 5. By October 9, the range had narrowed to 53.50 points, and on October 12 it contracted to just 40.75 points, a 53.2% decline from October 2.
Our View
What stands out is that both trading volume and daily ranges have been contracting at the same time. Over the seven sessions, the ES averaged 1.377 million contracts and a daily range of 68.71 points. But the last two sessions were noticeably weaker, with both volume and volatility falling well below those averages.
The ES has continued trading near its contract highs, but the declining volume suggests participation has thinned considerably. That doesn't necessarily mean the market is ready to sell off, but it does raise questions about the conviction behind the recent rally.
The bottom line: The ES is trading near its highs on significantly lighter volume and in increasingly narrow daily ranges. The question now is whether fresh buying comes back into the market or whether the lack of participation leaves the ES vulnerable to a larger move when volatility returns.
Our Lean
There are 20 days until November 3 midterm elections. There seems to be some type of risk off trade going on and the CPI number could be telling today. Our lean is if volume picks up we could see some type of pull back / sell off. I'm still bullish but I am concerned about the treasury yields. 7820 , 7800 amd 7780 are all key support, under 7780, 7748 could be in play.
MrTopStep retweeted
$NVDA $AAPL $GOOGL $MSFT $AMZN $META $AVGO $TSLA $BRK.B $WMT
Humpty Dumpty Sat on the Wall Street Wall
Poem By Danny Riley
Humpty Dumpty sat on the Wall, The S&P rose while the little stocks stalled. The Nasdaq was flying, the bulls stood tall, But ten giant stocks were carrying it all.
Humpty Dumpty counted the dough, Trillions in stocks, how high can it go? GDP's thirty-two, the economy moves slow, While credit card bills just grow and grow.
Humpty Dumpty watched the Fed, Consumers kept borrowing to get ahead. The bulls kept buying, ignoring the red, While trillions in debt hung over their heads.
Humpty Dumpty watched the big ten, Wondering when they'd roll over again. If they drop ten percent, three trillion could fall, And Humpty might tumble right off the wall.
Humpty Dumpty knew one thing was true, Trust your gut, not the TV telling you what to do. The trend is your friend, till the selling comes through, And the ES and NQ turn from green into blue.
All the Fed's horses and all the Fed's men, Might not put Humpty's bull market together again!


















