[MINTED]

I have just finished watching a 3 part series that was aired in the UK called "Million Dollar Traders".

Basically it follows 8 people who were plucked out from all walks of life, to see if they could actually learn to trade in only 2 months. To make matters worse, the world financial crisis was just beginning, adding added pressures, that even "seasoned" traders had never seen. Worst market conditions for a generation, as one trader says.

It was FASCINATING. I wont give too much away (as I DO recommend you view it), but ONE statement stood out from ALL the others....one of the participants just said

"YOU CANNOT LEARN THIS FROM A BOOK, ONLY BY EXPERIENCE"

The final "results" will shock you....

[DbPhoenix]

Originally Posted by MINTED »

ONE statement stood out from ALL the others....one of the participants just said

"YOU CANNOT LEARN THIS FROM A BOOK, ONLY BY EXPERIENCE"

The final "results" will shock you....

Unless they all failed miserably, the results wouldn't shock me. Anyone who can tell the difference between up and down ought to be able to learn this in a much shorter time than is generally claimed (usually by those who have something to sell).

Children learn quite well and quite easily, until they go to school....

[Kiwi]

I suspect you need to watch it db - you might find it differs from what you expect. If not available locally copies can be found on the net pretty easily.

It is an excellent lesson for anyone. I really enjoyed it.

[atto]

The series was very bizarre and perplexing to me. I can't relate relate to their trading style and strategies (which are governed by the gut, primarily). In addition to that, it's typical reality trash at times, which some people quite enjoy. I'm sure the producers were eating up all the drama. I got a chuckle on the results, especially since they were mostly in cash, so it's expected that they couldn't win or lose all that much.

Trading doesn't have to be like that. And a lot of the "wisdom" they impart makes for good TV, and that's about it.

[BlowFish]

It was enjoyable enough. I gave a heads up when it first aired on UK TV (not much use to many) though It pretty quickly found its way to youtube.

I would have liked to know a bit more about the strategy they employed, I guess an average reality TV viewer is less likely to be interested in that so not much coverage was given. A lot was gut, based on the newspapers and news wires, though I seem to remember they had to trade pairs.

It would seem that people react to trading other people money similarly to there own, though I guess some might be able to be a bit more dispassionate.

'Certainly worth a look' rather than 'must see' imho

As an aside I found this absolutely fascinating The Ascent of Money | Financial History | Professor Niall Ferguson | Channel 4 it's also on you tube I think and definitely worth a view. It's good to know that there are quality programs being made here and there.

[thalestrader]

Originally Posted by DbPhoenix »

Anyone who can tell the difference between up and down ought to be able to learn this in a much shorter time than is generally claimed (usually by those who have something to sell).

Many are misled both by those who have something to sell, as well as by others who merely have an ego that they wish to have stoked and stroked. Many are led to believe that learning to trade is a long drawn out process, full of pain and peril, not unlike that endured by the Sorceror's apprentice. When I finally had the epiphany that the question for the speculator is simply "is price rising, falling, or holding steady?" consistency and profitability quickly followed.

Originally Posted by DbPhoenix »

Children learn quite well and quite easily, until they go to school....

Children are perhaps the best candidates to learn to trade ... Goldman Sachs ought to start now training their next generation of traders by starting a charter school.

Best Wishes,

Thales

[ehorn]

Much more are those who believe trading is probabilistic.

[uexkuell]

Originally Posted by MINTED »

It was FASCINATING. I wont give too much away (as I DO recommend you view it)

Too bad for me (and probably some others).

Sorry guys, perhaps I don't know how to search in YouTube but I surely don't succeed in finding these videos except some trailers that do not have any informational content.

May I ask you to sum up what the results where or what impressed you?