Reply to: Million Dollar Traders BBC2 review

[scooterscot]

Your posts got a year long filler or something??


Sent from my iPhone using Tapatalk

[BrilloPad]

Sadly Michael "Mike" Tovell passed away 28th Feb 2019. 2 days short of his 47th birthday. His funeral is Tuesday 2nd April and a memorial will be held at Sandhurst Friday 5th April.

He was head boy at school. Left Cambridge university as a lawyer(and he rowed twice for Cambridge, once captaining the lightweights, and very nearly was a full light blue only stopped by an unfortunate incident the night before the trials). Joined the paratroopers on the fast track to the top but could not stand the lack of morality of the government towards the forces. He there earned the nickname Trigger(not due to Roy Rogers horse or the only fools and horses character) due to his incredible marksman skills. He turned down the SAS, leaving on day 17 of selection to the disgust of the selection officers.

After million dollar trader he wanted to do more reality TV, but was told he was too intelligent. Towards the end he was working on a revolutionary fitness idea.

I remember a couple of years ago I was under attack by three of the most deadly adversaries I know - my children. I was in a dangerous place - Facebook. Mike bravely stepped in and rescued me. A true legend, never afraid.

When he died he was happy to be gone. His death was a huge shock. He still had a huge amount to offer.

Its odd how someone who had achieved so much and still had so much to offer could not see it.

Its not getting what you want. Its wanting what you have got. Easy to say - difficult to do.

Damn.

[GreenMirror]

Sadly Michael "Mike" Tovell passed away 28th Feb 2019. 2 days short of his 47th birthday. His funeral is Tuesday 2nd April and a memorial will be held at Sandhurst Friday 5th April.

He was head boy at school. Left Cambridge university as a lawyer(and he rowed twice for Cambridge, once captaining the lightweights, and very nearly was a full light blue only stopped by an unfortunate incident the night before the trials). Joined the paratroopers on the fast track to the top but could not stand the lack of morality of the government towards the forces. He there earned the nickname Trigger(not due to Roy Rogers horse or the only fools and horses character) due to his incredible marksman skills. He turned down the SAS, leaving on day 17 of selection to the disgust of the selection officers.

After million dollar trader he wanted to do more reality TV, but was told he was too intelligent. Towards the end he was working on a revolutionary fitness idea.

I remember a couple of years ago I was under attack by three of the most deadly adversaries I know - my children. I was in a dangerous place - Facebook. Mike bravely stepped in and rescued me. A true legend, never afraid.

When he died he was happy to be gone. His death was a huge shock. He still had a huge amount to offer.

Its odd how someone who had achieved so much and still had so much to offer could not see it.

Its not getting what you want. Its wanting what you have got. Easy to say - difficult to do.

[BrilloPad]

Was speaking to somebody this morning : apparently a similar expirement was conducted on wall street 40 years ago!

Conclusion was you can teach almost anyone to make money trading : but certain types will always be better than others.

I think I just found a link to the expirement - http://www.investopedia.com/articles...le-trading.asp

[Drewster]

No Sh*t Sherlock!

Conclusion was you can teach almost anyone to make money trading : but certain types will always be better than others.

almost anything

[BrilloPad]

Was speaking to somebody this morning : apparently a similar expirement was conducted on wall street 40 years ago!

Conclusion was you can teach almost anyone to make money trading : but certain types will always be better than others.

[Solidec]

What they should have done was run a parallel experiment with a group of equally selected numpties and sent em to a bookies!

[BrilloPad]

Ambling in late, I've only just managed to watch this on iPlayer.

I can't believe they sat there watching the screens - surely mentally that was the worst thing they could do?

Either way, I hate environments like that - whilst I love the idea about information-sifting and trying to make good judgement calls, I hate the idea that if you're not there at 7am, work solidly all day and are the last to leave you are pulling your weight.

And what sort of an arse throws someone in that situation and then says "who on earth cries for an hour and a half"? Someone under pressure, that's who. No wonder so many of them burn out if emotion is off the radar too.

I just asked Mrs BP. She says it is almost impossible for a girl to cry for 90 minutes!

[Sysman]

I hate the idea that if you're not there at 7am, work solidly all day and are the last to leave you are pulling your weight.

I realised this many years ago. In came the extremely highly paid Yank who demanded that the managers at clientco should work a 60 hour week. That might work on a production line, but it doesn't work with iT if you are constantly tired and making mistakes.

[Beefy198]

Ambling in late, I've only just managed to watch this on iPlayer.

I can't believe they sat there watching the screens - surely mentally that was the worst thing they could do?

Either way, I hate environments like that - whilst I love the idea about information-sifting and trying to make good judgement calls, I hate the idea that if you're not there at 7am, work solidly all day and are the last to leave you are pulling your weight.

And what sort of an arse throws someone in that situation and then says "who on earth cries for an hour and a half"? Someone under pressure, that's who. No wonder so many of them burn out if emotion is off the radar too.

[ruethewhirl]

Turtles?

Saw something in the credits about:

"Original concept by van damme" (or whatever the guy's name is).

Isn't the concept basically a replay of the Turtles experiment, where a number of non-finance folks were given money and a system (Donchian breakouts), and told to follow the system?

Those that did made money and were hired, those that didn't follow the system lost money and dropped out...

Altho at least the Turtles had a system to follow. It seemed like these guys didn't have any sort of rigourous system, no wonder they were all constantly kacking their Daks. I would too if I had to trade with no guidance and from ideas I got from looking at the morning news during the banking crisis...

Hmmm, let's buy some Bradford and Bingley?!?! Should we just flip a coin then shall we??? Some trading system!

[emile]

thanks for calling us numpties etc.

[tim123]

Yes. Its true.

Maybe I should stop being jealous and get on with my life?

I think you might find that helps

tim

[tim123]

HBOS hedging with allianz. but both sides failed.

Yeah, that's what I meant.

Got my Banks wrong, good job I wasn't buying :-(

tim

[Iron Condor]

I loved the programme.

Of course the novice traders are never going to make money in 8 weeks without luck or help.

It does show how hard trading is for people starting out.
The easiest looking job in the world is in fact one of the hardest.

I like the way the ex vet is taking it so seriously. She obviously is out to prove something, that she can make it without help from her dady. I think she failed or gave up being a vet and went to work for her dad instead. If she fails again she is going to feel pretty worthless. The others dont seem to have their self worth on the line.