Larry Levin
Encyclopedia
Larry Levin is an American
businessman and the president and CEO of Secrets of Traders and Trading Advantage headquartered in Chicago
, Illinois
. He trades the S&P 500
at the Chicago Board of Trade
, now known as The Chicago Mercantile Exchange
(Also known as the CME Group
). Larry Levin has been trading his own account or company's proprietary accounts since 1993. At the height of his trading career Larry averaged between 2,500-3,000 S&P contracts per day. In a four year period between 2002–2005, Larry Levin accumulated $1,900,336.82 in the commodities market, and in 2007, he authored a book detailing the techniques he used to successfully navigate the market and earn his wealth. Larry is a guest commentator on CNBC's "Squawk Box
," and he is called upon regularly to speak on Fox Business News, Bloomberg Television
, and the Business News Network
in Canada
.
in Chicago where he dropped out after a brief stint to start a career at the Chicago Mercantile Exchange that is now known as the CME Group.
Levin has been in and around the S&P 500 futures pit at the CME for 21 years. He started there as a runner for Lind-Waldock
in 1989. He learned the logistics and intricacies of the futures pit and the commodities market before quickly moving up the ranks from runner to phone clerk to desk manager of the S&P desk. Larry Levin left Lind-Waldock to become a full-time floor trader in 1994.
In 1996, he began an educational business to help aspiring traders. In 1998 he formed Trading Advantage, a publishing company enabling him to distribute his self-authored trading course, The Secrets of Floor Traders. In 2000 he sold the rights to the course Secrets of Floor Traders to Secrets of Traders, LLC to market the products on his behalf. This transaction has allowed him to trade full-time for a living while continuing to distribute his message.
Larry is frequently cited as a crook and ripoff artist.
Larry Levin frequently updates his personal blog detailing his issues and happenings on the market floor
, Bloomberg Television
, and Business News Network
to discuss the current state of the market and to provide insight to traders.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
businessman and the president and CEO of Secrets of Traders and Trading Advantage headquartered in Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, Illinois
Illinois
Illinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
. He trades the S&P 500
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
at the Chicago Board of Trade
Chicago Board of Trade
The Chicago Board of Trade , established in 1848, is the world's oldest futures and options exchange. More than 50 different options and futures contracts are traded by over 3,600 CBOT members through open outcry and eTrading. Volumes at the exchange in 2003 were a record breaking 454 million...
, now known as The Chicago Mercantile Exchange
Chicago Mercantile Exchange
The Chicago Mercantile Exchange is an American financial and commodity derivative exchange based in Chicago. The CME was founded in 1898 as the Chicago Butter and Egg Board. Originally, the exchange was a non-profit organization...
(Also known as the CME Group
CME Group
The CME Group bases prices for US gasoline on Brent Crude rather than West Texas Intermediate Crude , which many believe is responsible for artificially high gas prices for US consumers...
). Larry Levin has been trading his own account or company's proprietary accounts since 1993. At the height of his trading career Larry averaged between 2,500-3,000 S&P contracts per day. In a four year period between 2002–2005, Larry Levin accumulated $1,900,336.82 in the commodities market, and in 2007, he authored a book detailing the techniques he used to successfully navigate the market and earn his wealth. Larry is a guest commentator on CNBC's "Squawk Box
Squawk Box
Squawk Box is a business news television program which airs at breakfast time on the CNBC network. The program is currently co-hosted by Joe Kernen, Rebecca Quick and Andrew Ross Sorkin. Since debuting in 1995, the show has spawned a number of versions across CNBC's international channels, many of...
," and he is called upon regularly to speak on Fox Business News, Bloomberg Television
Bloomberg Television
Bloomberg Television is a 24-hour global network broadcasting business and financial news. It is distributed globally, reaching over 200 million homes worldwide. It is owned and operated by Bloomberg L.P...
, and the Business News Network
Business News Network
Business News Network ' is a Canadian English language Category A specialty channel. BNN broadcasts programming related to business and financial news and analysis. As of December 2010, the station is based from 299 Queen Street West in Downtown Toronto and is owned by Bell Media...
in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
.
Biography
Larry Levin attended Niles North High School in Skokie, Illinois. He attended Columbia CollegeColumbia College Chicago
Columbia College Chicago is one of the largest art colleges in the United States with nearly 12,000 students pursuing degrees within 120 undergraduate and graduate programs...
in Chicago where he dropped out after a brief stint to start a career at the Chicago Mercantile Exchange that is now known as the CME Group.
Levin has been in and around the S&P 500 futures pit at the CME for 21 years. He started there as a runner for Lind-Waldock
Lind-Waldock
Lind-Waldock was founded in 1965 by Barry Lind, a successful trader at the Chicago Mercantile Exchange, and Jack Waldock, who made his mark in the meat packing industry. Lind-Waldock has been regarded as the first discount futures broker, the first to develop an electronic order-routing system to U.S...
in 1989. He learned the logistics and intricacies of the futures pit and the commodities market before quickly moving up the ranks from runner to phone clerk to desk manager of the S&P desk. Larry Levin left Lind-Waldock to become a full-time floor trader in 1994.
In 1996, he began an educational business to help aspiring traders. In 1998 he formed Trading Advantage, a publishing company enabling him to distribute his self-authored trading course, The Secrets of Floor Traders. In 2000 he sold the rights to the course Secrets of Floor Traders to Secrets of Traders, LLC to market the products on his behalf. This transaction has allowed him to trade full-time for a living while continuing to distribute his message.
Larry is frequently cited as a crook and ripoff artist.
Books and Other Authorship
In 2007, Larry Levin published "How I Made $1,900,336.82 Trading Commodities," as a tool to help aspiring professional floor traders.Larry Levin frequently updates his personal blog detailing his issues and happenings on the market floor
Appearances in the Media
Larry Levin appears regularly on Fox Business News, CNBCCNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
, Bloomberg Television
Bloomberg Television
Bloomberg Television is a 24-hour global network broadcasting business and financial news. It is distributed globally, reaching over 200 million homes worldwide. It is owned and operated by Bloomberg L.P...
, and Business News Network
Business News Network
Business News Network ' is a Canadian English language Category A specialty channel. BNN broadcasts programming related to business and financial news and analysis. As of December 2010, the station is based from 299 Queen Street West in Downtown Toronto and is owned by Bell Media...
to discuss the current state of the market and to provide insight to traders.