Million Dollar Traders - 4/18

[TheLouisCL]

Why don't they do this but not with real money to practice

[lionair44]

lol . let me trade for them... it's not gambling, it's about other person choices.. if you know what other traders what to do, then you can win... Wave trading.. should try it..

[ThePoliticalTicker]

I don't see how this was bad news for them. Yea, they probably lost money on their investment, but that was a perfect time to short stocks. And even go long on EUR/USD if they wanted to.

[solar793]

5:55

can you see the future? If not, we dont want you

[MrEastRyder]

I cant do this shit man, I scalp, I have no patience for day trades. I dont even pay attention to the companies. To much emotion with this kind of trading u gotta have strong nerves.

[2011blueman]

Does british tv find people with below average intelligence for shows or are these representative of normal Brits?

[ruggedd]

i can see the old bloke blow his retirement egg and the wife and him will end up in a trailer park

[manisco1]

dont buy banks now,that man in 2:40 is just dumb,if you are buying then buy it for a very long time

[ProfitMuhammed]

Bet on lehman brother's collapse, BET ON LEHMAN BROTHERS COLLAPSE!!!

[mylove1618]

why do they call their brokers..... where is the Direct Market Access software... level2??????????  whats going on here ?

[nepalihercules]

@mylove1618 they call brokers just to make sure they dont mess up. these idiots are too stupid to be trusted with that kind of power.

[highon74]

@ 1:29-ish.. he IS doing something. He is acting as a financial intermediary to the markets and providing liquidity. Those points seem to be lost on him.

[PuppyProwd]

did they teach them ANY technical analysis skills... trading the news is cool, but that seems to be the only strategy they're running!

[highon74]

@PuppyProwd right. I would of started with techincals first. F*** the news. Actually.. I think the news is important, but I use it to tell me where (*and when) an opportunity MAY be. Then I will watch the technicals for buy/sell indicators. Its rare I will get in on news alone. But there are times where that clearly works w/o technicals. Like those idiots GOOG that left China last year. buying puts on that day and closing out at the end would of make you bank.. a fat bundle.

[nicknack175]

lol this is a joke. it makes traders look like a bunch of idiots who guess and hope which is not the case at all. everyone loses sometimes, but proper risk management maintains success

[highon74]

@nicknack175 correct. And that guy at the very end actually addresses the risk management aspect. That's the first I have seen so far.

[Castorios]

what a bunch of pussies...

[jackiehurst]

love the way Anton says "really" - as if to say "what a surprise".

[chuckhf420]

Id totally chop Cleo

[zdrux]

I dont want to sound like a dick but.. I've made $491 yesterday, $875 the day before, and $1386 before that. I drop my trades if they lose more than $100 out of my $5k investment and let my winners run. It's not simple, but it's not THAT complicated.

The problem is they're listening to TV news. The TV news doesn't report news, it reports things that have already come to pass, DO NOT TRADE ON "TV FINANCIAL NEWS" - you stand only to lose most of the time.

[winstonchurchil1945]

@zdrux it is true its already priced in the markets before the mainstream news.. he was lucky that santander had momentum, however simon only seems to hope a stock price go's up without a reason to make the trade.

[zdrux]

@winstonchurchil1945 Yep, but hey.. I must say I've done most of the mistakes these guys did at one point or another, so it's probably not fair to blame them in hindsight, live and learn I suppose!

[algokid1]

20, 50 , 100 ema ..that' all you need the trend is your fucking friend 

[bobsgetti]

I'm glad that I one click trade. There is no clocking in, and clocking out my trades, that I have to show my boss. I am my boss!

[EtripleV]

This is horrifying. Utterly horrifying!

[MrsRandomlike]

these people are absolute terrible traders....good professionals actually know what they are doing and make a ton more money

[jackiehurst]

@MrsRandomlike how do actually get into trading - thats what I want to know ??

[joshuademoraes]

@MrsRandomlike and the good professionals make tons of money...hmmmm it look easy....

[DJLRacing]

If I was one of the other traders, I'd simply place opposite trades to the old guy. He's a great contrarian indicator!

[jackiehurst]

@DJLRacing so true - I was thinking that - whatever he touches goes the wrong way.

[SenatorTonyKreutzer]

Dont sass your boss you old fucking arsehole.

What a whiner.

[PlayClaner]

Am I the only one who hates the enviromentalist guy?

The old guy is king tho :D

"Right! :-)"

[mlawren7]

@PlayClaner 1000 shares make 200 pounds... whoop de fucking do. But the old guy is a douche, and they should all be shorting financials, the tiny profit from the 'ethical' guy was probably just volatility.

[pipsraker]

No technical analysis due to the fact they are not trading but investing rather their actions are based in pure fundamental analysis, the old way of "hold and pray", good luck with that!

[robertmalin]

@pipsraker man they used moving average, its technical analysis

[pipsraker]

@robertmalin It is, if they actually know how to read it and use it. Go figure...

[adpeters3]

My one question is simply this: where were the stop losses placed?

[xxxzzzxxx227]

they gambling.. no technical analysis at all..

[laton2010]

@xxxzzzxxx227 Exactly. looks like gambling..kkkkkk



[timetraveler2006]

@xxxzzzxxx227

Technical Analysis would be gambling. Only the weak of the mind and lazy without any proper and actual "technical" background resort to pattern-finding

[Oldsoho]

Tree hugging twat. Stupid old fucker . He says its a complex business IT IS FUCKING NOT

[thegoonist]

"thats the nature of the game, youre not doing anything at all really"

well said.

[nimchimpskii]

It's like the office!

[rapblack2]

@nimchimpskii WAO que descubrimiento o_O jajajajja

[Harley04]

Hope for the best @ 2 min, oh yeah, hope is a BIG part of my trading plan, NOT !!!

[TheDane824]

@Harley04 Hope should never be a part of anyone's trading plan (Jim Cramer)

[TruckingTrader]

Again news on US markets can change the market quickly wiping out stocks

[Eurospezial]

@TruckingTrader it's strange isn't it? From 9:35 a.m. New York time all we do is looking at US markets