BBC2. 9pm. Million Dollar Traders

Masomnia

Is it not tomorrow night?

Either way yeah I'm enjoying it. Is it just me that was reminded of David Mitchel by that old bloke?

Thrugelmir

lcharm wrote: »

Anyone still watching this? I watched last weeks one today and it's looking really interesting now. Can't wait for tonights one!

Yes still watching. Interesting to see what developes.

Did you see the Money Programme last week? The fact that Porsche has in a sense bought VW for a pittance by buying long, while the hedge funds were selling short is truly amazing. Also that Porsche made 6 billion euros from share trading while only making 1 billion from cars. Just go to proves that you don't need to be a rocket scientist with complex formulas, only a clear well worked out stragegy.

My aim now is take control of Tesco's by the end of March :cool:

lcharm

Masomnia wrote: »

Is it not tomorrow night?

Either way yeah I'm enjoying it. Is it just me that was reminded of David Mitchel by that old bloke?

Was on Mondays last 2 weeks but you're right it is on tomorrow.

Yes he does sound lots like David Mitchell...uncanny!

Masomnia

Hehe yeah I'm sad he's gone really. I can't believe that Clio is still in it! Three/four weeks in and she only had one stock in her portfolio?!

I'll be interested to see how the ethical guy does in comparison to the chap who's buying all the arms companies.

The boxing promoter who's buying his favourite companies could do ok, didn't Buffet and Graham say something about investing in stuff you know about and are interested in?

lcharm

Cleo is a stuck up cow IMO and Lex should've sacked her! It doesn't matter how many times you say "i appreciate your opinion" because it meant nothing since it was clear that she didn't!! All the crying too! What does she think this is...X-Factor?

Looks like Ethical and Arms will do ok, Boxing will do good too and the single mother entrepenuer seems a natural. Feel a bit sorry for Amit at the moment and not too sure about the economics student, not been much focus on him yet.

WTF?_2

Interesting show - would have been more interesting to see more technical info about the decisions they were making and why they were picking what they picked though. Otherwise, it just comes across as some outright gambling.


I wonder if they'll turn a profit? From what we've seen, highly unlikely. The David Mitchell soundalike guy just seemed to make endless bad decisions and be pretty bad at taking feedback about them. (Talking about how they sound, just what sort of accent does the ex-trader who is acting as team leader have? Sounds like it might be Brummie in origin but heavily truncated.)

They might still outperform the market though by not losing as much as most

Masomnia

Yeah agree with you, I doubt they'll do that well. That guy sounded a bit scouse to me, but I may be wrong!

I think that David Mitchell guy was gambling, honestly, and was a bit unlucky. They did seem to be making better informed decisions by the end, like looking at where the oil was and if it would be affected. That kind of thing. The ones that hedged properly seemed to be doing ok too.

nobblyned

Have to disagree with the majority here. Thought the program was absolute rubbish. The claim that the Beeb is giving us an insight into the way trading works in the city couldn't be further from the truth.

These guys are essentially guessing, one bought stocks because he knew their brand names - apple, addidas etc. No sign of any analysis or thought processes.

Some will win, some will lose, but it will essentially be random over this timeframe. Prove your worth based on a PnL over 6 weeks?

lcharm

Oh come on!

If anything it is a way of proving how difficult trading really is and that doing it wrong is a gamble.

The northerner didn't buy stocks because he knew their brand names, he traded those well known brand names after his research, i.e. he traded in what he knew just like the ex-military guy only traded in arms. If they went into detail as to what was done for each trade the show would be too long and would bore viewers.

Yes 6 weeks is too short a timescale but some are proving their worth by making calculated decisions and building a decent portfolio.

These guys are all novices and the aim of the show was to see if this guy could turn some of them into good traders like city traders. Hopefully by the final show tomorrow you'd see a few that shine through and show the best potential.

nobblyned

Oops seem to have run into a fan!

It's fine if you like X factor.

But city trading it ain't.