SEASON 2, thursday TV WALLSTREET WARRIORS

2ez · Feb 21, 2008

Floor Trader lost $900k+ he says over the OJ crop report going against him.

Prop Trader Lady is finished her training period

The young Hedge Fund guy checks out opportunities in Connecticut. The young guy seems more staged and less real.

The two Stock Brokers were absent this episode. Maybe Sandisk tanked for this tapping

Mike805 · Feb 21, 2008

Quote from 2ez:

Floor Trader lost $900k+ he says over the OJ crop report going against him.

He handled that very well. In front of the cameras and under pressure.... I have respect for that type of character, I wish him success.

Seeing that also helped put my trading into perspective - i.e. everyone (even the big boys) takes losses and it's okay, very much a part of this buisness. Personally, as my average position size has grown a lot over the last year, a 5 figure loss is now a standard thing... The first time it happened I was pretty sick over it, now it doesn't mean much at all (still bothersome but it doesn't make me physically ill anymore). One has to take it in stride and build up the threshold slowly. Anyhow, it was neat to see a pro handle that situation, it definetly re-inforced some of my beliefs about the mindset required to trade size.

Mike

Nashequilibrium · Feb 22, 2008

Quote from Mike805:

He handled that very well. In front of the cameras and under pressure.... I have respect for that type of character, I wish him success.

Seeing that also helped put my trading into perspective - i.e. everyone (even the big boys) takes losses and it's okay, very much a part of this buisness. Personally, as my average position size has grown a lot over the last year, a 5 figure loss is now a standard thing... The first time it happened I was pretty sick over it, now it doesn't mean much at all (still bothersome but it doesn't make me physically ill anymore). One has to take it in stride and build up the threshold slowly. Anyhow, it was neat to see a pro handle that situation, it definetly re-inforced some of my beliefs about the mindset required to trade size.

Mike

Its about the % loss/gain!! not the nominal amount gained or lossed.

TokyoGhetto · Feb 25, 2008

Episode 4 is up on www.mojohd.com

interesting episode I must say.

lwlee · Feb 25, 2008

That's been up for a while now.

TokyoGhetto · Feb 25, 2008

something must be wrong with my browsers i have been checking everyday and today is the first time I seen it.

volatilitypimp · Feb 25, 2008

Quote from Mike805:

He handled that very well. In front of the cameras and under pressure.... I have respect for that type of character, I wish him success.

Seeing that also helped put my trading into perspective - i.e. everyone (even the big boys) takes losses and it's okay, very much a part of this buisness. Personally, as my average position size has grown a lot over the last year, a 5 figure loss is now a standard thing... The first time it happened I was pretty sick over it, now it doesn't mean much at all (still bothersome but it doesn't make me physically ill anymore). One has to take it in stride and build up the threshold slowly. Anyhow, it was neat to see a pro handle that situation, it definetly re-inforced some of my beliefs about the mindset required to trade size.

Mike

That guy must've been short boatloads of gamma into that report. Did you see the look on his face when he learned the number of oj boxes was 200 million? Brutal.

brocklanders · Feb 25, 2008

Quote from 2ez:

The two Stock Brokers were absent this episode. Maybe Sandisk tanked for this tapping [/B]

I guess they ran out of good scenes to re-enact from Boiler Room. That was painful to watch. They should be embarrassed that was aired on national TV.

Uncle_Ho · Feb 25, 2008

I thought the look on his face was hilarious...old guys tend to freeze up pretty good...priceless.

buylo · Feb 25, 2008

Quote from HotTip:

What I'm wondering is -- how representative of Wall Street are the people profiled in WSW? I mean, no offense to ETers, but it seems to me that boiler rooms and prop shops operate at the fringe of the entire Wall Street business. I like the pit traders that are profiled, and I like the private equity guy, but I'm sure the reason WSW chose the other "characters" is (1) there's no way in hell any of the BSD firms or individuals would even talk to Mojo, and (2) as someone else mentioned, much of Wall Street are boring analysts and IB number crunchers that don't make for compelling tv.

Having said that, can anyone comment on how big an industry are the boiler rooms and prop shops?

uh....decent prop shops are pretty much the same as pit traders being on seat leases or groups down on the floor. We're just trying to find good opportuinities like anyone else. I don't think you can group boiler rooms and prop shops together.