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Million Dollar Traders

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Re: Million Dollar Trader

just finished watching eps. 2.

poor bastards. the emotional roller-coaster of day trading.
 
Re: Million Dollar Trader

such a shame this only runs three episodes deep.

really enjoyable viewing
 
Re: Million Dollar Trader

Just finished watching 6 of 6 episode 2. My prediction about Simon was correct but after seeing Cleo's chat with Van Dam i am less inclined to think she is going to fail. Looking forward to next week's episode.
 
Re: Million Dollar Trader

James Austin said:
poor bastards. the emotional roller-coaster of day trading.
Click to expand...

ha ha ha, that's what I thought exactly.

Feel sorry for Simon, when he was saying it's his most stressful time since his divorce a decade ago. Don't think people realise just how much it can affect even the coolest of customers.
 
Re: Million Dollar Trader

To be brutally honest, Simon wasn't a particularly cool customer.

Did you see how he couldn't take Anton's constructive criticism? It's not like Anton was out of line with anything he said, nor was he trying to be a dick, Simon just couldn't cope with any of it.

I'd like to think in the same situation i could handle myself a bit better
 
Re: Million Dollar Trader

i believe the real problem with all of them that is blatantly obvious with Cleo and Simon is that they don't really know what they are doing. Cleo can't pull the trigger because she is not sure if the stock is at the right price to buy or sell and Simon justified one of his trades with Cadbury (i think) based on the fact that 'if the world is going to end everyone will still buy chocolate' or something along those lines. How can they be expected to trade profitably with no real plan for set ups, money management, etc.
 
Re: Million Dollar Trader

Simon was actually pretty cool considering, it was more his self doubt that got him. Even the best traders on the planet will go through a patch like that. He just didn't have the brain of a trader IMO, no real logic.

These guys coaching them probably don't use specific set-ups as such or traditional MM, it looks complete discretionary. You heard the guy who watches over them talking about a weak stock or sector (can't remember), sitting right on support and to expect a break down hard through it should it break (that is probably as close to a set-up as they get). The guy tells them to build their portfolio, not put all eggs into one basket and to hedge (with multiple traders doing the same thing), that alone is their MM.

Still, they need more time than 2 months, so will be interesting to see episode 3 and the conclusions it draws. Guess these guys coaching them know what they are doing though.........
 
Re: Million Dollar Trader

Interesting to note that there was one guy who a ran small sum up to about 25,000 Pounds, only to loose it all in one day when the Tech bubble burst.

He was the one who couldn't pull the trigger on that loss.
 
Re: Million Dollar Trader

I can't believe Simon called Anton (spelling?) a tosser, pot calling the kettle black there.
 
Re: Million Dollar Trader

lesm said:
Found part of the synopsis for the third episode via google, while looking for a complete episode two.
Click to expand...

Dont know where you are getting your info from but its wrong.

we did trade for real!
hope you enjoy it, the third show is very very interesting!!!
 
Re: Million Dollar Trader

emile said:
Dont know where you are getting your info from but its wrong.

we did trade for real!
hope you enjoy it, the third show is very very interesting!!!
Click to expand...

Do you think you'll keep trading emile?

Watched the first 2 episodes, was interesting to say the least!
 
who knows maybe, the show does not really show us trading though, in terms of how much work we put in etc. it shows no aspect of how we used fundamental and technical analysis. it just looks like we reacted to the news which was untrue. perfect example of that was my adidas trade, i had worked on that for two weeks before their annual report came out, when it did the price shot up.
 
Any ideas if Van Dam will be producing a second series after this finishes airing in the UK?
 
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