Million Dollar Traders

James Austin · 30 January 2009

nomore4s said:
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.

IMO they walked out cos they realised consistently profitable trading is a friggin difficult sport.

Wysiwyg · 30 January 2009

It's Snake Pliskin said:
Life is a gamble. Walking across the road is a gamble.

Only if you`re a chicken.

MRC & Co · 30 January 2009

That was a terrible last episode.

Good insight into the emotions of the game, but where the hell was the trading? Why show them talking down a phone putting orders on, when they could show the justification of why they were taking the trade?

The other big factor is..........2 months............means.......................zip!

With some of them doing like 30 trades (like the shopkeeper), luck becomes a HUGE element!

1080p · 30 January 2009

James Austin said:
IMO they walked out cos they realised consistently profitable trading is a friggin difficult sport.

Agreed. Once people realise there is no easy money in the markets they tend to run away.

johnnyg · 31 January 2009

Did any of you other guys (specific) find that part in Episode 3 4 of 6 where Lex and Anton are talking about getting rid of Cleo amusing? Here are 2 guys worth tens of millions of dollars and yet they still cringe about telling an emotional women shes fired.

"so I guess she has to go right?"
'ok, how you gunna, how we gunna put it to her?'
"is she gunna cry?"
'shes gunna cry'
"this is ridiculous"
'lets do it, hopefully in 5 minutes it'll be over'

LOL

jersey10 · 31 January 2009

johnnyg said:
Did any of you other guys (specific) find that part in Episode 3 4 of 6 where Lex and Anton are talking about getting rid of Cleo amusing? Here are 2 guys worth tens of millions of dollars and yet they still cringe about telling an emotional women shes fired.

"so I guess she has to go right?"
'ok, how you gunna, how we gunna put it to her?'
"is she gunna cry?"
'shes gunna cry'
"this is ridiculous"
'lets do it, hopefully in 5 minutes it'll be over'

LOL

yes i thought that was quite amusing

but Cleo would cry if she stood on an ant, people like that can be hard work at times.

Largesse · 31 January 2009

the way lex said

"this is ridiculous" made me laugh for about five minutes

happytown · 31 May 2009

for anyone interested, the series million dollar traders starts screening this week on sbs tuesday night 7.30pm

cheers

Trembling Hand · 2 June 2009

I haven't read through this thread cuz I don't want to spoil the series so not sure if its been discussed but,

They were clearly not executing the trades into the market. Their "broker" was probably a guy sitting in the room next door.

And really as far as the whole premise, its a load of toss. Other than watching chocolate soldiers melt

jersey10 · 2 June 2009

Trembling Hand said:
I haven't read through this thread cuz I don't want to spoil the series so not sure if its been discussed but,

They were clearly not executing the trades into the market. Their "broker" was probably a guy sitting in the room next door.

And really as far as the whole premise, its a load of toss. Other than watching chocolate soldiers melt

I recommend you don't read through the thread because it will tell you what happens. When discussing this a few months ago a few people found it weird they were on a phone and not placing orders via internet. Does get a bit funny the way some of them carry on during the series.

jono1887 · 2 June 2009

jersey10 said:
I recommend you don't read through the thread because it will tell you what happens. When discussing this a few months ago a few people found it weird they were on a phone and not placing orders via internet. Does get a bit funny the way some of them carry on during the series.

I loved the part where that old man bought when he was meant to be selling, but for that phone thing... your right, it could just be the equivalent of paper trading, maybe no money is even being risked in the making of the series... they may as well use a simulator.

btw - do any real traders use phone brokers these days??

skyQuake · 3 June 2009

jono1887 said:
btw - do any real traders use phone brokers these days??

Maybe an investor, but definitely not a trader.

Imagine TH with a phone broker.:

TH: Ok, open a long, right about... NOW
Broker: Ok sir, the order is being placed and we...
TH: CUT AND REVERSE
Broker: ..wut? We were placing your..
TH: Scratch that, spoof 50 on the bid and try to get a short filled at 47
Broker: ....
TH: Hit that 100 lot!
Broker: ..you have a good day sir.

nomore4s · 3 June 2009

skyQuake said:
Maybe an investor, but definitely not a trader.

Imagine TH with a phone broker.:

TH: Ok, open a long, right about... NOW
Broker: Ok sir, the order is being placed and we...
TH: CUT AND REVERSE
Broker: ..wut? We were placing your..
TH: Scratch that, spoof 50 on the bid and try to get a short filled at 47
Broker: ....
TH: Hit that 100 lot!
Broker: ..you have a good day sir.

lol.

The whole series is on youtube - if you don't want to wait for SBS or you miss an episode.

jono1887 · 3 June 2009

nomore4s said:
lol.

The whole series is on youtube - if you don't want to wait for SBS or you miss an episode.

its been removed because of copyright

nomore4s · 3 June 2009

jono1887 said:
its been removed because of copyright

lol, that sucks, it is quite entertaining.

moXJO · 3 June 2009

jono1887 said:
btw - do any real traders use phone brokers these days??

Actually in the US a few do, and they won't touch internet platforms

Trembling Hand · 3 June 2009

moXJO said:
Actually in the US a few do, and they won't touch internet platforms

Except to get ALL their info!!

Trembling Hand · 3 June 2009

nomore4s said:
lol, that sucks, it is quite entertaining.

Yes it is entertaining but seriously the two head guys are full of it!! What did they expect to happen except tears? They don't even give them the right cliches let along help them figure out a good trade.

But no doubt it will whet the appetite of all the fresh meat out there and CMC will have a few 100 new accounts next month

moXJO · 3 June 2009

Trembling Hand said:
Except to get ALL there info!!

Ya I should clarify, they use the net for charts info etc. But not to trade across. Mainly due to previously being caught by blackouts or site problems and being stuck in trades. Couple hundred thousand people all ringing the net broker makes it worse.

adobee · 3 June 2009

I really enjoyed this program...

How do you know that the trades arent real.. it seemed real enough to me..
even if its not the contestants obviously think it is..

compared to everything else i am getting on free to air tv I rate this higly..

Million Dollar Traders

James Austin

Wysiwyg

Everyone wants money

MRC & Co

1080p

johnnyg

jersey10

Largesse

happytown

Trembling Hand

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jersey10

jono1887

skyQuake

nomore4s

Commonsense isn't that common

jono1887

nomore4s

Commonsense isn't that common

moXJO

menace to society

Trembling Hand

Can be found on the bid

Trembling Hand

Can be found on the bid

moXJO

menace to society

adobee

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