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George Lane Still Trading Off Stochastics at Age 75 Written by Martin Chandra Jan 08, 2007 /finance-articles/george-lane-still-trading-off-stochastics-at-age-75-90040.html George Lane completed his 47th year of trading in December 1996 and is still going strong. After many years of trading in the grain pits in downtown Chicago, Lane has shifted to screen trading during his retirement in a small community about 80 miles south of Chicago. However, retirement means different things to different people, as Lane was up until 2 a.m. trading Italian bonds the night before he spoke with this reporter. Lane said, I was having fun! ... it beats working for a living! Early in his life, Lane was set on becoming a physician-as his father had been. But, then I was out roaming around Chicago one afternoon. I wandered into a building to buy a cigar and I heard a bunch of noise upstairs. I went up and saw these men standing around yelling, Lane said. All of a sudden, I was hooked and medicine dropped from the picture, Lane said. While initially Lane worked as a broker, he said that didnt work out very well ... because as a broker you want to give customers advice that is in their best interests. Sometimes what you think goes against what the firm thinks. In the late 1950s, Lane purchased a membership on the Chicago Open Board of Trade for $25 and started trading the grains. The Chicago Open Board of Trade, now known as the MidAmerica Commodity Exchange, was originally founded in 1868. At first, Lane said, I wasnt doing very well. An old timer came over to me one day after the dose and asked me how I was doing. Every night after trading, he and I went down to the local tavern and as long as I bought the whisky, he taught me everything he knew about the markets. He introduced me to the Taylor trading method, which is a three-day trading cycle Lane explained. Lane began to pick up trading and started to see some success in the pit. He eventually became the president of the Investm