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Million Dollar Traders

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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...

Emile,

Good to see you posting.

In the first two episodes it shows you trading via phone using a broker, clear as day.

There was no statement that you were not trading for real. So, not aware of where you gathered that information from my post. Go back and re-read the post.

The synopsis for the third episode states that you will be trading directly from your computers and not callign a broker.

The point related to interesting from the synopisis is how they set up the keys on your workstations.

Cheers.
 
Re: Million Dollar Trader

lesm said:
Emile,

Good to see you posting.
Click to expand...

Agree, good to see Emile.

I love that statement by Simon "Nothing is unbelievable if you don't know what you are doing"
 
Re: Million Dollar Trader


I was not being accusatory in any way, ive not read that synopsis yet, could you post it as it would be interesting to read.
 
jersey10 said:
which one is emile? the scouse fight promoter?
Click to expand...

yes emile is the fight promoter
would be interested to know whether any of the traders have followed on into a trading career
or if the experience has put them of trading completely
 
Re: Million Dollar Trader

emile said:
I was not being accusatory in any way, ive not read that synopsis yet, could you post it as it would be interesting to read.
Click to expand...

Will see if I can find it again and post it when I do. You guys have generated a lot of discussion around the Internet

Thought it may be more of a misunderstanding around terminology.

It was interesting in that in the 2 episodes screened to date that you quys were trading over the phone rather than live trading directly from your workstations, which is how we normally trade. This does not infer that you were not trading for real, just another way of dining the same thing. With the inherent delays of calling the broker, receiving a quote and placing the trade

We would have thought that they would have had you trading live using straight through processing (STP) rather than via the phone. But, whoever is running the show must have their reasons for portraying it this way.

The third epsiode is supposed to show you guys trading using STP.

Based on what you have posted earlier it appears that a fair amount of activities that you have actually undertaken in analysing your trades have not come across. The show itself is mainly portraying the use of news trading and fundamental analysis, Yet, when you see some of the computer screen shots charts are being displayed, but very little is being seen from a technical analysis perspective.

At the end of the day they can only show so much in a 1 hour program and someone has to make the call on what is shown.

Looks like it may have been an interesting exposure to the world of trading, as well as a bit of a roller coaster ride emotionally for the participants.

It would have been even more interesting to newcomers to trading, due to the period in which the activity was conducted and the events hitting the world at the time. What great timing for this type of show.

Liked that comment of yours when you called out 'I just made 900 quid'.

Take it you are back in Liverpool now.

Now that you have had the exposure to trading, do you think that it is something that you may have an onging interest in?

Cheers.
 
very interesting show. I enjoyed ep 1 and 2.

Having said that I don't like the people in charge. I think they have a poor attitude. How on earth they can expect these people to not make stupid mistakes within the first two weeks training I don't know. (and then insisting that they make trades when they are still unsure)

I think Lex and his trading friend need to get their heads examined for letting a bunch of novices spend their money like this.

There are so many things wrong with the learning approach given in this show I don't know where to start.

One thing I will say is this:

Traderfeed blog emphasizes the need for a gradual approach to learning how to trade. It talks about getting the learning curve right such that you begin with simulation trading and then work your way into very tiny live account. From there you can trade in larger position sizes as you become more experienced and profitable.

Secretly I laugh inside a little knowing how these institutional firms run their business and the pressure they place on themselves. I don't believe trading needs to be as stressful as the way it is made out to be in this show and wallstreet warriors. And yet i'm sure that the stress level is very high for these wallstreet firms

As retail traders we have an added edge in that since we are not trading with other peoples money it is or should be a lot less stressful than trading in a firm such as the ones in these shows.
 

LOL, it's reality TV. Notice how much attention goes on those in emotional distress and how little on the quieter ones. This show is all about attracting viewers...

However, it is interesting to see how different temperaments, given the same opportunities, handle the pressures of trading!
 
Final Episode currently airing in the UK as we speak...

Great watching so far...

Emile: Still got "itchy fingers" these days?
 
Finished. Wow, didn't see that coming. Won't spoil it for everyone but wow...

Anyways, a good show and interesting insight into the emotions of trading.

Hopefully there'll be a 2nd series with some different people and personalities. Much better than watching Big Brother.
 
I'm just wondering if it annoys some of you successful and aspiring traders that many every day people just think trading is gambling?--and give you a hard time constantly repeating the same thing to you
 
alwaysLearning said:
I'm just wondering if it annoys some of you successful and aspiring traders that many every day people just think trading is gambling?--and give you a hard time constantly repeating the same thing to you
Click to expand...

Doesn't bother me in the slightest. Just means more potential to make money
 
alwaysLearning said:
I'm just wondering if it annoys some of you successful and aspiring traders that many every day people just think trading is gambling?--and give you a hard time constantly repeating the same thing to you
Click to expand...

, To a certain extent it is gambling, your just putting the odds in your favour.
 
alwaysLearning said:
I'm just wondering if it annoys some of you successful and aspiring traders that many every day people just think trading is gambling?--and give you a hard time constantly repeating the same thing to you
Click to expand...

Life is a gamble. Walking across the road is a gamble.

But is it gambling like in a casino? no.
 
well i'm just going to say that emile looked like a right old knob the way he handled himself in the last episode.
never seen a bloke so badly hypnotized by a crying girl.
harden up mate
 
Largesse said:
well i'm just going to say that emile looked like a right old knob the way he handled himself in the last episode.
never seen a bloke so badly hypnotized by a crying girl.
harden up mate
Click to expand...

lol, I agree. I don't really understand why they walked out, it's not as if she had been harshly treated, she had plenty of chances. Just looking for an excuse to quit and take the moral high ground imo, I thought it was funny the way they were trying to justify it though.
 
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