Million Dollar Traders

[Pager]

Posted this on the chartist as well

Very interesting about setting up a Hedge fund with novice traders, bloke doing it must have been inspired by the turtles.

From the BBC and in 6 parts, very interesting and much better than Wall Street Warriors.

http://au.youtube.com/watch?v=gVcMCrwc9UE

 

[MRC & Co]

Re: Million Dollar Trader

Thx Pager, will watch when I get time.

Should be interesting. Watched most of the first season of Wall St Warriors, actually didn't mind it, the Russian guy looked pretty solid.

 

[joeyjoejoe]

Re: Million Dollar Trader

i watched it.. it was very entertaining.. it gave me itchy feet.. wanted to jump through my screen and have a go myself!! i dont think i agreed with any of their descions. except the short on BA.

 

[jersey10]

Re: Million Dollar Trader

just finished watching it and enjoyed it. I think Chloe is rubbish as a trader and i think Simon would **** me to the nth degree if i had to work with him in a trading firm.

 

[Pager]

Re: Million Dollar Trader

Only Aired for the first time in the UK this week, looks like a series of 1 hour episodes so hopefully the next episode will be on youtube this time next week.

I thought it was excellent and will be interesting to see if any of them make it, my money at present is on the ex Army guy, interesting they also took a good range of ages and occupations.

 

[James Austin]

Re: Million Dollar Trader

seems there are 3 episodes in total,
next one is aired in UK on the 19th Jan, so hopefully it ends up on utube.


http://www.bbc.co.uk/programmes/b00gsr4p/upcoming

 

[peter2]

Re: Million Dollar Trader

This should be watched by all wannabe trader's. It shows ordinary people with confidence, self belief and normal expectations being given a chance to trade the markets. It doesn't take long for most of them to lose their confidence and become stressed and lose the plot.

Admittedly they were told how to swim and then thrown in the deep end. Although I have only seen episode 1 this can't end well for anybody.

I would like to see the surviving traders taught a trading strategy combined with appropriate risk mgt (complete trading plan) and then given another chance to trade. I would expect to see a few of the traders realise what trading is about ("light bulb moment"). That would be interesting.

 

[Pager]

Re: Million Dollar Trader

This should be watched by all wannabe trader's. It shows ordinary people with confidence, self belief and normal expectations being given a chance to trade the markets. It doesn't take long for most of them to lose their confidence and become stressed and lose the plot.

Yeah the Old chap bought some shares on the first day, the next day he's happily sitting having breakfast while the market open's.

The funniest bit was when he forgot that needed to sell some stock and ended up buying more then selling it again straight away and making an instant £200+ loss !

Scary thing is he want's to use money he has saved up for his retirement for him and his wife to be able to make more.

 

[MRC & Co]

Re: Million Dollar Trader

It shows ordinary people with confidence, self belief and normal expectations, doesn't take long for most of them to lose their confidence

Admittedly they were told how to swim and then thrown in the deep end. Although I have only seen episode 1 this can't end well for anybody.

I would like to see the surviving traders taught a trading strategy combined with appropriate risk mgt (complete trading plan) and then given another chance to trade. I would expect to see a few of the traders realise what trading is about ("light bulb moment"). That would be interesting.

Haven't seen this yet, but:

Completely disagree.

Point 1: Natural:

Point 2: That's how it's done in trading firms, which relates to point three:

Point 3: They are trying to get these guys (haven't seen it yet, just guessing), to develop their own style, so giving them a detailed trading plan would be useless. These guys have to learn how to think for themselves, once their trading plan stops working (AND IT WILL), what then? They need to learn how to read the market themselves and adapt to the constant change it brings. Without that, they will be a one shot wonder, wonder how many of the turtles did well trading once their plan stopped working?

 

[Dezza]

Re: Million Dollar Trader

It's a great show compared to all the other junk and repeats here on UK TV.

For those who missed it, you can watch it directly on the BBC website and find out more info on the program (1st episode is up and will expire on the 30th Jan)

http://www.bbc.co.uk/programmes/b00gsr4p

 

[MRC & Co]

Re: Million Dollar Trader

Watched it Pager. The old guy is funny as, ha ha ha. He just has absolutely no idea. Buying a finance company in a financial meltdown, just because someone else did and made some coin off it. ha ha ha.

I'm surprised it's all based on fundamentals, wonder if any will try and combine any technicals to their trading........

If the chick can gain control of her emotions, she may be ok. Military guy has some idea too. Will be interesting to watch them develop their styles. Though only another 45 days or so? That isn't really enough time to proove anything........

 

[DB008]

Re: Million Dollar Trader

Good show. are they limited to just shares, or can they also do options etc etc? i skipped a little bit to get into the trading part. To impatient sometimes.

 

[tcoates]

Re: Million Dollar Trader

Million Dollar Traders - Profit and Loss Episode 2 1of 6 BBC2

http://au.youtube.com/watch?v=NkpqWeWr_Vs

 

[MS+Tradesim]

Re: Million Dollar Trader

Just started watching this. Only at the end of the 2nd part, Ep.1.

Fascinating to see how the people are thinking.

I wonder about some things....like why are they ringing a broker instead of using electronic STP? Why does the main dude think that if you're sleeping well at night, something is wrong?

But will be interesting to see how it unfolds. Thanks for posting it Pager.

 

[jersey10]

Re: Million Dollar Trader

Just started watching this. Only at the end of the 2nd part, Ep.1.

Fascinating to see how the people are thinking.

I wonder about some things....like why are they ringing a broker instead of using electronic STP? Why does the main dude think that if you're sleeping well at night, something is wrong?

But will be interesting to see how it unfolds. Thanks for posting it Pager.

i'm watching it too. i also wondered why they are on the phone for their orders and not trading online.

I still think Simon is a nightmare. I would be very surprised if he doesn't lose all his money first.

Thanks for posting Pager.

 

[prawn_86]

Re: Million Dollar Trader

Why does the main dude think that if you're sleeping well at night, something is wrong?

Not watching the series, but to me it sounds like the whole American psychology which has got us where we are right now. If you dont take big risks you cant make big cash therefore the bigger the risk the more 'ballsy' you are, especially if it pays off. The yanks on wall st dont seem to realise that accumulation and slow growth can/should be a viable option

 

[Largesse]

Re: Million Dollar Trader

Not watching the series, but to me it sounds like the whole American psychology which has got us where we are right now. If you dont take big risks you cant make big cash therefore the bigger the risk the more 'ballsy' you are, especially if it pays off. The yanks on wall st dont seem to realise that accumulation and slow growth can/should be a viable option

the guy that said the quote is british

 

[jersey10]

Re: Million Dollar Trader

can't find part 6 of 6 of episode two. Anyone else found it?

Have finished watching all of episode two up to end of part 5 of 6. Still think Cleo and Simon are doomed. Time will tell.

 

[Chorlton]

Re: Million Dollar Trader

Has anyone seen EP.2 yet?

 

[jersey10]

Re: Million Dollar Trader

Has anyone seen EP.2 yet?

thats what the last few posts have been about. see link in post #13