TV Show: Million Dollar Traders

yeah i saw it

Get 10 newbies in a room and let them trade, take the other side of all their trades and bingo.

-and as for taking only 3 lunches in 8 years, thats bullS**T. I worked with Anton.

Not sure why VanDam and Kreil have put themselves up to do this, must be bored of life and strive some tv fame. The city is a secretive place and its participants prefer joe public to be somewhat unaware of its doings.

- totally fictional and ridiculous, but mildly amusing nonetheless.
 
For some reason I have this feeling the trades they phone through are not even going into the market. Wouldn't be surprised if they are just getting written down and recorded for P&L purposes.
 
Quote from marky1:

For some reason I have this feeling the trades they phone through are not even going into the market. Wouldn't be surprised if they are just getting written down and recorded for P&L purposes.
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Yeah I think you are right and what's with that stupid clicking a piece of paper in a machine thing?
 
Most traders call up when they want to deal in size, especially anything over $10m.

The machine they put their trade tickets into was a time stamper. The back office people would then reconcile the deals done.
 
Those poor suckers are trying to trade UK shares - one of the most illiquid and rigged markets on the planets.

Why isnt anyone looking at the volatility and trading something that moves.
 
Quote from Manni:

Those poor suckers are trying to trade UK shares - one of the most illiquid and rigged markets on the planets.

Why isnt anyone looking at the volatility and trading something that moves.
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Are they trading CFDs or paying .5% transaction tax?
 
Quote from Manni:

Those poor suckers are trying to trade UK shares - one of the most illiquid and rigged markets on the planets.

Why isnt anyone looking at the volatility and trading something that moves.
More...

Why do you say that?
 
If you listen the one guy says he lost 4%. Then they tell you he lost GBP500.

They are not trading in 10m multiples. I assume they are trading CFD's or the 0.5% tax would kill them.
 
Thanks for the Youtube guys, it seems like a good show.

You might also want to check out on Youtube the Apprentice UK edition, far superior to the US version and you might even learn a thing or two.

Also to be devil's advocate here, CBS that I know of and Comedy Central also block Canadians from watching their shows, so it seems to be some stupid trend of trying to save $3 from the bandwidth requirement to have foreigners watch your shows.
 
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