Traders: Millions by the Minute

BBC2 9pm tonight. Traders: Millions by the minute

Anyone heard of the above documentary? Traders: Millions by the minute?. 2 part series documenting the lives of independent traders.

Episode 1 of 2
DURATION: 1 HOUR

Two-part documentary series which goes inside the fast and fiercely competitive world of financial traders to meet the men and women who play the markets in London, New York, Chicago and Amsterdam. The film offers a rare, personal portrait of what life is like for the people who do this lucrative but relentless job, against a backdrop of non-stop news, globalised markets and the rise of ultra-fast computers capable of placing millions of trades at a time.

Manhattan hedge fund manager Karen believes that money is power and making it is fun, as she juggles two sets of twins, a busy social calendar and her $200-million fund. Bob has spent more than three decades yelling out his trades and jostling for position on Chicago's cattle futures trading floor, but now he thinks it may be time wean himself off his trading addiction. London day traders Will and Piers use their expertise to train others in the art of making money from tiny moves in the markets. But they warn their new trainees it is going to be far harder to master the psychological and emotional skills needed for trading than the technicalities. Ultimately, it is a story of money, desire and emotion


http://www.bbc.co.uk/programmes/b04j525k

A decent informative realistic prog I thought.

the thing that worried me was the traders trading real money after a months "training"

good luck with that ............no offence but a month is not really an apprenticeship ?

N

next week its the home trading market...cant wait

N

counter_violent said:

A decent informative realistic prog I thought.

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yep it was better than most ........the hedge fund lady impressed me the most .......... she looked pretty switched on

N

Mrs Wilkinson-Tancock, who is featured in new BBC2 documentary Traders: Millions By The Minute


Juggling the school run with the stock market: Meet the mother-of-three who has started trading shares from her sofa

*Jane Wilkinson-Tancock one of a growing number of 'middle-class gamblers'
*Part-time nurse juggles trading with her work and caring for her children
*Mother-of-three, 43, says trading is like an 'addictive computer game'


http://www.dailymail.co.uk/news/art...mother-three-started-trading-shares-sofa.html

here come the wave of newbies looking for fame and riches ..............god help us

NVP said:

here come the wave of newbies looking for fame and riches ..............god help us

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Let them come my good man.

I for one wish them all the best, and sincerely hope they achieve their goals, whatever they may be.

As for god helping us, well I'm certainly happy for the help I've received, so let us not be selfish, and ask god to help others too.

Best
John.

NVP said:

here come the wave of newbies looking for fame and riches ..............god help us

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Yes very true.

I've found Cod Liver Oil tablets produce better daily results than praying to big bad God who seems to be permanently off on vacation.

I wonder how much money does one lose before he notices lil ol thee

Sigh

It was a slightly better program than I was expecting. Interesting that the two people featured who had been in the business longest were also both looking to get out and do something else. I suppose we'll never know if the guy we see at the end setting up his 4 screens at home ever had success or not.

gc1 said:

It was a slightly better program than I was expecting. Interesting that the two people featured who had been in the business longest were also both looking to get out and do something else. I suppose we'll never know if the guy we see at the end setting up his 4 screens at home ever had success or not.

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perhaps hes on the show next week ................with the greatest respect to him only a months training and the expensive screens and hardware is arriving in his chelsea riverside apartment ?

the odds are not good

N

and the training appeared to be sitting waiting for big economic announcements and then jabbing the buy or sell button ?

really ?

really ?

N

I enjoyed the programme but I can't say I found it especially informative. If I wasn't as interested as I am in the topic, I doubt I'd have got much from it. For example, their explanation of how and why the futures market was created made sense to me, but I rather doubt that the average viewer who knows nothing about it will be any the wiser! Ditto with the Amplify trainees. In terms of tuition, they weren't giving much away - assuming they have something to give away that is. For me, the best aspects of the programme were the human interest elements, such as the U.S. hedge fund lady juggling her work with a busy home life.
Tim.

Pretty rubbish imo. Trying to impress on the trainees that anything can happen etc, and all that harping on on about that psychology rubbish. Trading around a number!!? I mean, where you supposed to put the stop in that volatility! If the buy/sell light flashed up on the screen I never saw it. Bunch o crooks

33mins in, Virginia buying on the down tick! after a number!! Hah! Sheer gambling!

I thought it was an enjoyable program and will be looking forward to next weeks and the home traders

Yes Amplify training seems like a different version of banks and Institution type of trade training - ie with banks etc they want top clever graduates who excel in say maths and physics and want to have then trained in 6 months so they can make them loads of money - sticking to bank guide lines#

That's why most are not that good - ie they are constrained and don't have all the business savvy required

To try and train retail traders who predominately will be working with under say $100k to operate like bank traders - is a joke to me

Its like a London professional taxi driver training Lewis Hamilton to improve his go karting or Formula 1 techniques

Nobody explains that retail trading is a different ballgame to Commercial trading

That one reason so many fail - and with regards going live after 2 months etc - yes OK - but only on very small stakes

Its impossible to be good without the hours - just like flying and other skill jobs

You need over 5k hrs on live charts as a prerequisite - I know myself from trying to teach Major Magnum over 8 months all my tips and methods etc - he his still needing more experience - only gained over time and with more trades to get to a really high intraday FX level. And he had over 18 months plus of normal trading experience beforehand.

With regards to the older traders leaving - well really after 15 -20 yrs you should be burnt out - and of course trading 15 -25 yrs ago - totally different to today

The new breed over next 10 yrs will need new different skills to the old pit traders and pre 2008 traders

Next Monday evening at 9 00 pm is in the diary ;-)

NVP said:

and the training appeared to be sitting waiting for big economic announcements and then jabbing the buy or sell button ?

really ?

really ?

N

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As long as it's a random jab they should do OK.

Forexmospherian said:

To try and train retail traders who predominately will be working with under say $100k to operate like bank traders - is a joke to me

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Haven't seen the programme, but if this is what they were attempting to do then I totally agree with you. But I don't know any institutions who would ever even attempt to train ex-retail traders.

Forexmospherian said:

You need over 5k hrs on live charts as a prerequisite -

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If that's been your personal experience then good on you for sticking with it. You obviously had the luxury of doing so. As an institutional trader, you will not be given a year and a half of trading days (15 hours/day 220 trading days/year) to prove your mettle or worth.