The World's BEST Trader Reveals the 10 Commandments To Profitable Live Trading

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Mar 16, 2026

Lewis Borsellino, former CME floor trader who ran the S&P pits and traded for firms like Goldman Sachs, shares his Ten Commandments of Trading. He covers pit-born skills, reading order flow, discipline, managing ego and losses. Lewis also talks about transitioning to electronic markets, handling others' money, and why rules and process beat hype.

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ADVICE

Practice Like An Athlete To Trade At Game Speed

Train like an athlete: repeat setups so your reactions in the market become automatic and fast.
Lewis compares pit trading to game-day speed — practice builds the habit of scanning order flow and reacting without freezing.

ADVICE

Cross Validate Levels With Multiple Disciplines

Combine multiple disciplines (Gann, reversal, intraday) to cross-validate levels and trade with higher confidence.
Lewis ran three analysts and used overlapping signals to act in real time when order flow confirmed those levels.

INSIGHT

Physical Order Flow Gives A Sensory Edge

Pit traders gained a sensory edge: they could feel and see emotion and order flow in person, which influenced decisions beyond screen data.
Lewis says screen traders miss that physical energy when markets flip from bid to offer and retail panic becomes visible.

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In this episode of Words of Rizdom, Lewis Borsellino returns to break down the mindset and discipline that made him one of the most legendary traders of the Chicago floor era. A former CME floor trader who traded for Goldman Sachs, Merrill Lynch and EF Hutton, Lewis made $1.4 million in a single day in 1987 and at one point was solely responsible for 10% of the S&P’s volume.

Lewis breaks down his hard hitting Ten Commandments of Trading to lessons on losses, ego, patience and rebuilding after losing massive wealth, Lewis explains why process, honesty and rule-following matter more than hype - and why real success goes far beyond money. We hope you enjoy this interview!

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Timestamps:

00:00 Who is Lewis Borsellino?

13:35 Why Most Traders Fail & The Nature of Trading

17:17 Personality, Pressure & Traits of Successful Traders

29:54 Technical Analysis, Trading Programs & Decision-Making

36:50 Trends, Order Flow & Staying in the Action

39:57 Trading Commandments: Principles for Profitability

46:29 Ego, Peaks and Valleys: Staying Grounded

50:08 Overcoming Setbacks & Learning From Losses

57:29 Commandments 5-7: Cutting Losses, Letting Profits Run

01:00:00 Managing Other People's Money: Psychology & Pressure

01:07:03 AI, Algorithms & Risk in Modern Trading

01:13:43 Commandments 8-10: Emotional Control, Process, and Circuit Breakers

01:18:28 The Role of Ego, Handling Success & Failure

01:20:38 Defining Success & The Importance of Happiness

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The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom.

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