Playing video games really does pay

Here is a picture of the S&P pit area at the ol’ Merc location. You see traders sitting along the ring with headsets to locals in the pit. The window to the visitor gallery is along the back wall. The yellow jackets are clerks and the colored jackets are traders. The guy in front has controller in his hand like you would find with an X Box. I guess there is something to putting in 10,000 hours of playing Grand Theft Auto. There are a group of locals who play for “Nickles”. They will buy 10 Bigs at 1206.20 and sell 50 minis at 1206.25 picking off $125 at a clip. Do that 50-100 times a day and you can eke out a decent living for two guys. Keep in mind that with a seat you have nominal clearing fees that, once you reach a certain monthly volume like theses guys do, then the trades are free.