Fairly good portrayal of the emotional side of trading
I live outside the UK and I struggled for ages to get hold of this series. I even emailed Lex van Dam after hitting a blank link to buy the DVD on his site. He replied almost a year later, giving me the name of some lady at a production company. She never replied. I eventually found the series cut up into 18 chunks on Youtube!
Basically Lex has made a lot of money and runs his own hedge fund. He hires and trains 8 rookies to make trades with his money. Simon, the oldest trader, battles with the sheer difficulty of it. Cleo has good ideas but cannot pull the trigger. She also gets very emotional. Sam, an environmentalist, battles to invest in any company he thinks is unethical. Emile, cage fight promotor, is not bad but emotions get in the way too. Amit, a shopkeeper, (who lost £25000 in the .com bust and ended up crying on his bedroom floor as a result) seems like a deer in the headlights. The other 3 are pretty good. The traders are supervised by retired Citi trader Anton Kriel. Lex is fairly hands-off with the experiment but comes in now and again to appraise etc.
I would have liked to have seen more on the training side of things. How long was this? What books were they given? How were they taught to research a stock etc. It was quite limited.
The traders traded through the global financial crisis which was bad luck in terms of timing from Lex. What was clear from the short series is that Anton and Lex are pretty emotionless guys (I still liked them though!) which makes them good traders. It left me with the question: Can I still be a good, emotionless trader and then have emotions and be liked outside of the market hours?
Let's also remember that the series was made for the average Joe's entertainment. I didn't expect them to go into what double-tops were and the mechanics of shorting. Non-traders would have flicked over to the Premiership football match of the day by that stage.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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