http://www.dailymail.co.uk/news/article ... -sofa.html
Andy, I think this is the woman that is featured.
Stuff to watch
I concur, it was a little light but entertaining. I thought the UK traders were even lighter. Trading newsflow isn't anything special and it will be interesting to see next weeks episode where they move into the homes. I can't see that you can really compete trading news flow now from a desk somewhere. A friend of mine works for MS and they invest millions to be a pico second ahead of everybody else so it's a big barrier to overcome.andyfuller wrote:I thought the program was a bit poor to be honest.
I did a lot of short term trading in the mid to late 90's so it was curious to see it exposed as something 'new and exciting'.
I was surprised that the pit trader at CBOT felt she had a good day when she netted $4k
It did remind me how slow financial markets are compared sports markets.
Have just watched by iplayer, and a few things also occurred to me :
1. And probably the most important.
Day traders tend not to make money, from huge home runs.
They tend to make small incremental gains (bases if u like), which compound to make a big number.
Its an interesting philosophy .. taking the green etc, compared to letting it run longer, and maybe making more/against losing etc.
2. The average daily Expected profit, seems to be much lower than I would have thought. Maybe they are hiding the super traders. Certainly, I seem to recall the highest paid guy on Wall St, got $1.3Billion last yr ..
3. It was interesting they featured a female trader .. i have always considered them inferior in risk based 'sports' .. thats not sexist, but, is just fact.
I enjoyed it ..
1. And probably the most important.
Day traders tend not to make money, from huge home runs.
They tend to make small incremental gains (bases if u like), which compound to make a big number.
Its an interesting philosophy .. taking the green etc, compared to letting it run longer, and maybe making more/against losing etc.
2. The average daily Expected profit, seems to be much lower than I would have thought. Maybe they are hiding the super traders. Certainly, I seem to recall the highest paid guy on Wall St, got $1.3Billion last yr ..
3. It was interesting they featured a female trader .. i have always considered them inferior in risk based 'sports' .. thats not sexist, but, is just fact.
I enjoyed it ..
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
I thought last nights episode was much more interesting.
Listening to the 'traders' talk about their experiences I could see my betfair trading journey, ticking things off that they said and remembering that same thing/experience happening to me.
Also I could see I have a lot of the characteristics shown by some of the traders.
They clearly were making an attempt like in the first episode to give a balanced view of some who make it big to others who don't. The only one that was missing really was the big loser who blows their bank but I guess they would be hard to get on camera.
It was also interesting that they covered investing and trading a little and how some people go for trading as investing in boring.
Some of it was clearly staged - if the guy who does the iron man runs like that normally it must take him forever to complete! But it provided them a way of shoe horning in the fact that he had now been given more money to trade (by who?). Something makes me wonder that there might be more to him than just a guy who decided to start trading, I may be wrong.
It was good that they showed the difference with the lady moving from Demo to real and the issues that raised and I bet the two young enterprising lads will be getting a lot more money coming their way.
Also was that you Jeff putting on an accent
I can imagine that the show took quite a while to get the narrative they wanted, hence why some was old and some was more recent.
Overall I much preferred the second episode to the first, probably because I could relate to it more, I wonder how many of them had tried sports trading....
Listening to the 'traders' talk about their experiences I could see my betfair trading journey, ticking things off that they said and remembering that same thing/experience happening to me.
Also I could see I have a lot of the characteristics shown by some of the traders.
They clearly were making an attempt like in the first episode to give a balanced view of some who make it big to others who don't. The only one that was missing really was the big loser who blows their bank but I guess they would be hard to get on camera.
It was also interesting that they covered investing and trading a little and how some people go for trading as investing in boring.
Some of it was clearly staged - if the guy who does the iron man runs like that normally it must take him forever to complete! But it provided them a way of shoe horning in the fact that he had now been given more money to trade (by who?). Something makes me wonder that there might be more to him than just a guy who decided to start trading, I may be wrong.
It was good that they showed the difference with the lady moving from Demo to real and the issues that raised and I bet the two young enterprising lads will be getting a lot more money coming their way.
Also was that you Jeff putting on an accent
I can imagine that the show took quite a while to get the narrative they wanted, hence why some was old and some was more recent.
Overall I much preferred the second episode to the first, probably because I could relate to it more, I wonder how many of them had tried sports trading....
Y, I thought the second was a bit more realistic.
It was amusing seeing those old blokes trying to trade short term by consensus, the antithesis of short term trading.
I realised a bit later that they were meeting in one of my favourite pubs, about ten miles easy of Winchester.
It was amusing seeing those old blokes trying to trade short term by consensus, the antithesis of short term trading.
I realised a bit later that they were meeting in one of my favourite pubs, about ten miles easy of Winchester.
Im sure if three or four of us had got together we could have done a much more interesting program on Sports Trading!
Just think of the visibility that would bring.
Peter - I think you should put a call into the producers and spark the idea for a follow on!
Just think of the visibility that would bring.
Peter - I think you should put a call into the producers and spark the idea for a follow on!
Very good programme, showing the realities of trading from home
Peter,
Leon Best is still a Blackburn player - his move to Derby this year and Sheff wed last season were both loans
I also know that pub, it's just outside Alresford
Andy,
You're right about Rene - it's Ferru with a limp
Also, the woman in Devon was interesting - she showed how demos and training screens need to be taken with a pinch of salt. Playing with real money seriously impacts upon your pulse rate, and invariably it's this that destroys the dream for some
Overall
That guy Charlie was excellent - he really knows his eggs
The old guys are having fun, but don't seem destined to make large sums.
The 2 black fellas in Birmingham I didn't warm to at all. There's something about them that repelled me - they seem to want to start using other people's money to trade, and we've all seen some horrendous stories over the years connected to those arrangements. I'm not convinced they have the cash they are claiming - it's just a gut feeling, but I reckon they are fly-by-nights
Peter,
Leon Best is still a Blackburn player - his move to Derby this year and Sheff wed last season were both loans
I also know that pub, it's just outside Alresford
Andy,
You're right about Rene - it's Ferru with a limp
Also, the woman in Devon was interesting - she showed how demos and training screens need to be taken with a pinch of salt. Playing with real money seriously impacts upon your pulse rate, and invariably it's this that destroys the dream for some
Overall
That guy Charlie was excellent - he really knows his eggs
The old guys are having fun, but don't seem destined to make large sums.
The 2 black fellas in Birmingham I didn't warm to at all. There's something about them that repelled me - they seem to want to start using other people's money to trade, and we've all seen some horrendous stories over the years connected to those arrangements. I'm not convinced they have the cash they are claiming - it's just a gut feeling, but I reckon they are fly-by-nights
Just watched on iplayer.
U can see how much money is out there .. and, in a way, its good for sports trading, as if lots of people try financial trading, they, will by defintion, get used to handling risk, which is what traders do, whether its financial or sports.
I can see the day, when Sports hedge funds exist .. especially when/if, Mega mkts, like US basketball, becomes legal to trade, in their home markets.
Getting a bigger account to trade, is good for forex trading, as the size of the global mkt is collosal.
Hopefully, some sports mkts, will get to a decent global size, one day.
U can see how much money is out there .. and, in a way, its good for sports trading, as if lots of people try financial trading, they, will by defintion, get used to handling risk, which is what traders do, whether its financial or sports.
I can see the day, when Sports hedge funds exist .. especially when/if, Mega mkts, like US basketball, becomes legal to trade, in their home markets.
Getting a bigger account to trade, is good for forex trading, as the size of the global mkt is collosal.
Hopefully, some sports mkts, will get to a decent global size, one day.
That has to be a wind-up.
Black rats live 1yr .. Brown rats 4 yrs.
If they take 6 mths to train,there isnt much left.
Black rats live 1yr .. Brown rats 4 yrs.
If they take 6 mths to train,there isnt much left.
For some reason it seems as though trading stocks is 100x more acceptable in society than trading racing. Is it because of the negative connotations associated with "horse racing" or/and it could be people are simply unaware of sports trading. Anyway, I have heard of average people who have lost millions on the share market, an amount that is almost impossible to reach whilst Betfair trading. Despite this, share traders are given the utmost respect, whilst we are told that we are having a laugh (personal experience 
) I suppose we will just keep on going quietly about our work
) I suppose we will just keep on going quietly about our work