Tuesday, 13 January 2009

BBC 2's Million Dollar Traders

Million Dollar Traders on BBC2 last night. What a great introduction to city traders and how unpredictable the Stock market can be.

Here's a link to the Telegraph.co.uk and an article about the proram if you didn't manage to watch.

www.telegraph.co.uk

Some of the trainees have aspirations to trade full time including a retired man who was interviewed stating that he wanted to use his savings to trade from home after the series had finished. It will be interesting to see how he and the other traders gets on under the watchful eye of successful hedge fund manager Lex Van Dam and his right hand man experienced city trader Anton Kreil.

Well I guess it was pretty bad timing as the program was filmed last year when Freddie Mac and Fannie Mae announced financial meltdown in the US so the newbies couldn't be trading at a worse time! However the familiar 'frozen finger' inability to place a trade was prevalent so too was emotional attachment and emotional reactions, loss of confidence etc to trading which most newbies go through - including myself.......oh yes some good 'ol roller-coaster days but have managed to keep it together long enough to have learnt and come throgh the other side.

Having said that I haven't been able to do it trading the UK Stock market - Forex is where its at as far as I'm concerned so hats off to the guys in the program for trading the UK Stock market through one of the most difficult periods in a generation.

Did anyone else see it and did it bring back memories of your own early trading days? Has the program inspired you to look into trading possibilities yourself or has it put you off entirely?

Be good to know what others think........?

Cheers

Annabel


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