TV Show: Million Dollar Traders
- Thread starter Businessman
- Start date
I don't agree WSW showed some pros that made money in different ways. Some people on WSW would take weeks or months to make money, but they made money.
This show is about new people who want to be daytraders.
Daytrading is the hardest way to make money, but it is also the most exciting and glamorous way to do it.
That's why it is on tv.
This show is about new people who want to be daytraders.
Daytrading is the hardest way to make money, but it is also the most exciting and glamorous way to do it.
That's why it is on tv.
Better quality as youtube and as one piece:
http://www.megaupload.com/de/?d=PDLO2UJI
http://www.megaupload.com/de/?d=PDLO2UJI
After watching I felt awfully sorry for the "traders." Its seems like a monument to the ego of the guy who organized it.
He's not as good as the turtle boys. What a cock up in training and supervision. He deserves to take those losses.
He's not as good as the turtle boys. What a cock up in training and supervision. He deserves to take those losses.
Found it a bit sad actually, especially the part of reading Financial Times preopening, and trying to trade that news, what bollocks !!! 3/4 of my trades appear 2-3 weeks later in the papers. Buy the rumour, sell the news.Also found it funny when some of them missed the opening bell ! 
Only thing l did envy was sweet, sweet sweet beautiful Bloomberg Terminals, last used them in 2000 during my STA training course
Only thing l did envy was sweet, sweet sweet beautiful Bloomberg Terminals, last used them in 2000 during my STA training course
Observations:
1. The show clearly shows the superiority of technicals vs. fundamentals. A simple double bottom or MACD crossover strategy would have been just fine for them...
2. They call a few hours long trade "investing".
3. You can say fuck on BBC2?
4. The supervisor is an asshole. The old guy makes a mistake and he has shit for brains?? Everybody made that mistake when they started out. How about not properly teaching them?
5. 1 trade for a whole week? You have plenty of lunchtime. They should be forced to make trades, after all that is the point of the show...
6. They should have rules against everybody taking the same position at the same time. Then they wouldn't end up like with C.
7. Even if they lose 90K as projected after their worst day with Citigroup,that isn't such a bad loss overall for the whole experience, less than 10%....
8. They picked one of the worst times in history to be a trader, when pretty much everybody was losing money, so I wouldn't be that hard on them.
Here is the Youtube first part:
http://www.youtube.com/watch?v=lZc0fLZ4EQM&feature=channel
I bet we will have the American version by the end of this year. I also doubt there is real money involved, they probably going to reveal at the end that it was papertrading...
1. The show clearly shows the superiority of technicals vs. fundamentals. A simple double bottom or MACD crossover strategy would have been just fine for them...
2. They call a few hours long trade "investing".
3. You can say fuck on BBC2?
4. The supervisor is an asshole. The old guy makes a mistake and he has shit for brains?? Everybody made that mistake when they started out. How about not properly teaching them?
5. 1 trade for a whole week? You have plenty of lunchtime. They should be forced to make trades, after all that is the point of the show...
6. They should have rules against everybody taking the same position at the same time. Then they wouldn't end up like with C.
7. Even if they lose 90K as projected after their worst day with Citigroup,that isn't such a bad loss overall for the whole experience, less than 10%....
8. They picked one of the worst times in history to be a trader, when pretty much everybody was losing money, so I wouldn't be that hard on them.
Here is the Youtube first part:
http://www.youtube.com/watch?v=lZc0fLZ4EQM&feature=channel
I bet we will have the American version by the end of this year. I also doubt there is real money involved, they probably going to reveal at the end that it was papertrading...
Correction, they picked the BEST time to start trading,
1-High levels of VOLATILITY (aka Traders Lifeblood) compared to historic averages
2-Multiple company/bank failures
3-Conflicting outlooks from industry insiders/regulators/commentators/twats on ET
4-Information overload
You do not buy shares in a bank when the entire sector is imploding, CEO always lie, ALWAYS....
Learning in such an environment quickly sharpens your mind as its pretty much a sink or swim situation.
That would be a great conclusion.