An opportunity to talk with a futures trading veteran

I just took part in a webinar organised by my broker, Mirus Futures - "How to Design Your Own Unique Theory of Trading", by Jeff Quinto.  During the webinar he held a competition for a free hour's mentoring with the fastest to answer three questions winning the prize.

I won.



From the CME website;

"Jeff Quinto is a 37-year veteran futures trader and a world-class  trading coach. He has trained hundreds of electronic traders, including  traders from Hong Kong, France, Slovenia, England, Australia, the US and  Canada.

Jeff’s entire career has been spent in the futures business, first as a  commodity specialist with Shearson and, later, as a trader on the Kansas  City Board of Trade floor where he traded wheat and stock index  futures. His company, Jeffrey S. Quinto and Company was a clearing  member of the Kansas City Board of Trade and a member of the Chicago  Board of Trade. In the nineties, Jeff served as President of Rand  Financial Services, a large Chicago-based futures clearing firm.

From 2000 to 2005, Jeff was responsible for training traders at an  all-electronic proprietary trading firm located in Chicago and Vienna,  Austria in which he was a partner.

Today, Jeff coaches electronic futures traders from around the world in his Electronic Trader Mentoring Program and in his Upgrading Your Trading Course. "

Some notes from the webinar;

Jeff Quinto's Theory of Trading

"Jeff Quinto has been called "America's Preeminent Futures Trading  Mentor".  Jeff is a 37-year veteran futures trader, former CME member  and a world-class trading coach.  He has coached hundreds of futures  traders, including traders from Hong Kong, France, Slovenia, England,  Australia, the US and Canada.

Jeff strongly believes that professional traders are world-class  competitors, comparable to professional golfers, top tennis players, and  Olympic athletes.  None of these competitors could have achieved their  top-ranked status without first having a world-class coach.

Jeff is that world-class coach for futures traders."


He was talking about a time earlier in his career when he was working at the Kansas City Board of Trade; it was 1982 when they introduced Value Line Futures, making Kansas City Board of Trade the first exchange to offer a stock index futures contract.   Average trade size was 10 to 20 contracts and he took an order from Paul Tudor Jones for 1000 contracts at 50 points higher than the market. At the time the order was equal to 50% of the daily volume in the market and he had to try and fill it.  The market rallied sharply, passing the order price before he could get it all on.  That must have been a trade pretty early on in Paul Tudor Jones' career.


He's looking to get something set up for next week. It'll be real interesting getting some guidance from a futures trading veteran.


There was a discussion about him over at the Trade2Win website, one of the comments was;

"I am head  trader for a hedge fund and have been using Jeff Quinto's   coaching for  over 3 years.  He saved my career once when I got into a   hole and I  intend to continue using his service.  Its certainly not   cheap, but you  get what you pay for in this business and 99% of the   people who offer  such services aren't worth paying a single cent for.   Take him seriously  is my advice."