Million Dollar Traders - Part 2 | British reality TV Series & Course created by Lex van Dam
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- เผยแพร่เมื่อ 12 มิ.ย. 2018
- Learn how to trade and join other graduates of the "Million Dollar Traders" Course! Head over to milliondollartraders.com
Savvy investors know that an investment in knowledge pays the best interest!
More about the TV Series and our online course training:
'Million Dollar Traders' was a British reality television series created by a hedge fund manager Lex van Dam (milliondollartraders.com)
Eight ordinary people are given a million dollars, a fortnight of intensive training and two months to run their own hedge fund. Can they make a killing?
The experiment reveals the inner workings of a City trading floor. The money is supplied by hedge fund manager Lex van Dam: he wants to see if ordinary people can beat the professionals, and he expects a return on his investment too. Yet no-one foresees the financial crisis that lies ahead.
The traders were selected in spring 2008, before the US credit crisis gathered pace. The successful candidates were chosen, trained and dispatched to their specially created trading room in the heart of the Square Mile. Among them are an environmentalist, a soldier, a boxing promoter, an entrepreneur, a retired IT consultant, a vet, a student and a shopkeeper.
The eight novice city traders struggle to ride the storm as stock markets around the world go haywire. Some of them take big risks, and others lose their nerve in spectacular fashion.
As you progress through the course you will gain a better understanding of how professional investors like Lex approach the markets and begin to develop your own style of trading using his framework. Crucially you will be equipped to recognize and adapt when market conditions change, and take advantage of trading opportunities that other strategies cannot possibly prepare you for. By the end of the course you will be fully prepared to invest on a personal basis or pursue a career as a professional trader.
If you are interested in joining the Academy head over to milliondollartraders.com or get in touch with us at info@milliondollartraders.com - แนวปฏิบัติและการใช้ชีวิต
![ช่วยพาฉันผ่านเวลา - วสันต์17 [Official MV]](http://i.ytimg.com/vi/HFnntWoqc54/mqdefault.jpg)
The girl saying she thrives under pressure only cries under pressure 😂😂LMAO
The black guy went to get cake and came back to a loss 😂😂😂😂😂😂
@@TsarOfRuss because it was a white cake
😂😂😂😂
Cleo - she’s heads her families multimillion pound company now
@@marco168888frl ?
Simon, the old guy, is lucky- he was getting ready to invest his life savings in trading and found out for free that it wasn't for him.
Trading psychology is a vital part of being a successful trader. I talk about it at milliondollartraders.com
Funny!
@@lexvandamofficial Happy Christmas to you too, Lex! 👌👍🤜
@@lexvandamofficial Any foresight on a second season Lex
I appreciate that entirely!
Simon is a perfect trader to have in your team. Just do the opposite of what he thinks. Profit guaranteed.
he is the "contrarian"
No. That’s not
what contrarian is
Good one
That was good one let’s start a fund and hire him and tell everyone to do opposite what he does
Literally
Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
Very true, I started investing before the pandemic and that same year I pulled a profit of about $750k with no prior investing experience, basically all I was doing was seeking guidance from *ROCHELLE DUNGCA-SCHREIBER* who's a guru in the game, you can be passively involved with the aid of a professional.
Simon: Somebody took a dump in Asia. Go long on toilet manufacturing!
I have a good strategy. Trade the exact opposite of Simon.
Haha, Beauty.
Conrad Sasinski lol
Well they will simply offset their own winnings
But I bet ya... as soon as the rest went against Simon's way...... Simon would've been on the winning side... BUT IF, Simon did not know what the others were up to, then that strategy might've worked for the rest of the team....
Thats a very good idea hahahaha
If cleo would have made a position in tissues for how much she cried, she would have out performed everyone with her contribution to the company alone.
xd
Part of successful trading is managing your emotions. Part of the 5-Step-Process is about trading psychology and mindset. Resilience being one characteristic. You can see more about it at milliondollartraders.com
@@lexvandamofficial Can you reply like a normal person
She didn’t contribute tissues
She used them up *bahlool*
@@whiteshadow5088 can you shut the fuck up? Man is a hedgefund trader - let him get an uplift.
The look of relief on his face when he finds out Simon is quitting on his own. 😂
😂 😂 😂
it's a good thing even for his mind, calling out over being fired. It's a win-win
LOL buddy wasn't having enough of his shit but as he said trading is not for everyone....
The issue w him is that he wanted to understand why a move happened.
Who cares about why?
The lady with 2 kids, she is an entrephrenor, she has so many qualities that are priceless. Such exceptional confidence and calmness, such she is rational and accept that market goes up and goes down. Most importantly, she is strong in mind and trust instinct and the market, she is not emotionally attached, did her due diligence, and for a person like this, that s exactly what it takes to live in this market.
Did she pay u to write this
@@callumosullivan7546 hahaha no. Just as a trader i find value in her
And yet she packed it in at the end lol. Wonder what she does now and if she is actively trading or investing
True
@@illegalsmirf - Took her new skills home and now she has 76 children and 4 husbands.
Now you know why trading is 90% psychology and 10% skill.
Totally! James did a great video on this a couple of weeks ago. Be sure to subscribe and check out our other clips which we create on Tuesdays and Thursdays each week 👍
Very True 🙏
@@vg1024 40 years of reading instruction books and referencing to resolve problems has eroded his ability to make good self thought out decisions
no, if u have any emotions u r not trading u r gambling, pro trader just executes proven strategy like robot
@@MostIntelligentMan yes, just buy, put stop loss and tp right, dont look at it or u will crazy
The problem with Simon is he was only investing in companies he knew & believed were good companies. He believed in investing in "British excellence" over common sense. If he saw a commercial on TV that he recognized, that's his winner.
I'm at 50 minutes and I would fire Cleo and the old man.
I SWEAR BRO, i understand loosing and stress but he literally learn nothing from his mistake and the lady just make every body feel negative or skeptical about their analysis.....
clg632012 ikr Lmao I knew Cleo and Simon weren’t right for the job I. The first episode when Cleo cried for 1h 30 mins and Simon lost 3 trades in a row
@mark night I think he had low testosterone. That's why he acts like that
@@whiteshadow5088 you’ve never lost three or more trades in a row?
The ego is a castle for some… insane
The old guy is unfortunately painfully annoying in such a high stress environment like that. Obviously a nice guy but jheeze he would do my head in while trading
Think it positively and trade opposite to what he does)
U thought that from when he opened his first trade
the old guy just got into the wrong firm that's all. I believe in a quant firm he'll strive
Yeh Simon is a great indicator in himself lmao, the Simon indicator. go in the opposite direction
@@mejeff7478 ha ha ha
15 years later - and still a great documentary
After watching this for the third time I decided to find out a where are they now for the Contestants:
Mike Tovell - Sadly committed suicide after his personal and work life came into trouble
Amit Jobanputra - Now a sales director
Simon Brew - A councillor for Croydon
Cleo Folkes - Known now as Dr Cleopatra Folkes BVSc MRCVS and deputy chairman of the family business
Emile Coleman - CEO of Elite Sport Technologies
Caroline Taysom - Owned and exited many businesses since the show
Ohioma Imoukhuede - Working as an expat tax consultant
Sam Duby - Is last noted as an influential technology developer and has won awards for his PHD, still fighting for a cleaner world
You could sense that Mike Tovell was a weak minded person.
I was wondering this myself
@@devilgod136 No you couldnt, he performed admirably, shame on you, RIP Mike
Please do a new series with Simon, only with options trading. Have Simon sell puts, and you will have a new hit show.
He'll probably end up selling a call to DFV
imagine simon trading 0dte’s🤣
@@dmonleon24😂
Antons' look at Cleo when she sells her hedge is priceless. Universal. Unforgettable. A riot.
Thank you for watching. Please do not hesitate to check out our MDT course training and the Trading Club membership at the Academy on lexvandam.com! Happy learning!
Man simon has that personality that just grates on you. I can't put my finger on it, but I've met other men like him that just annoy me. Like as people. Best description I can come up with is he's just soft. Like a doughnut with no sugar
He's a man who cannot argue like a man so is super passive aggressive.
the mother of 2 was the smartest by far
Volatility is the bread and butter of trading, it's where all the money is made when it comes to trading
Could have mentioned that you're quoting Anton at least
True I had a company consolidate in a 15% range and it made me 30%+ in 3 months, if my platform allowed shorts I would have made 60%
Thank you Cap.Obvious
Nah, not really
Most people make money during strong trends and lose it all during highly volatile periods
"Nothing is unbelievable if you don't know what you're doing!" ...Classic
🤣
thats very classic :D
that made my day. It makes so much sense.
"You can't hedge for 10 minutes".
Based
That was hilarious..
True tho
The Peace at Carol face is actually God sent in the world of trading!
Not only did the show provide an invaluable perspective of an actual trading floor, but was also an excellent example of why banks/high finance roles generally do not hire older candidates for entry-level roles. True masterpiece this is.
It goes back to the old saying, “can’t teach an old dog new tricks”
If you really think this is how professional traders do their work you are misled by this crap show.
Give some WSB users 50k and they will first turn it into 300k and then back to 0 in the matter of days
We’d lose it in hours 😂 - a wall streets bet member
Ha!
Simon has a stubborn almost arrogant mindset due to his field/personality. He thought he could just come in without any DD/research and do just about any job and he would succeed. Even when he failed-multiple times- he refused to listen and learn.
THIS IS EXACTLY WHAT I WAS THINKING. thank you
IT people likes researching and learning all the time but Simon isn't one of them. I'm sure another person would go home buy books/research and learn as much as possible to succeed, but if you go home take a rest or play videogames then you won't go anywhere.
@Gods Grace Or Mans Synthetic Manipulation he’s that annoying little thinks he knows it all we all remember from elementary school, who infact annoyed us all because he DOESN’T know everything yet carries himself with arrogance.
That's true. Mistakes will happen. Simon doesn't want to learn.
@Toin Probably a bad IT guy, I work in IT and he is full of shait. I also trade, but I am in the money, just because i watch the news, do technical analysis etc. Good IT guys/girls want to know everything about the thing they are going to do. Simon just doesn't give a crap.
The amount I would give to have this opportunity
Trade this same amount 😁😁😁
Jon Rulz dame here
id give like everything but ive been trading (forex not stocks) for the past year and only recently started seeing green.. but for someone who has no knowledge this is alot of inspiration and guidance enough to make you want to open those trades and learn more about it. From my experience so far ive learned that when you trade you better trade with no emotion at all.
Agreed - honestly the markets were something that never even crossed my radar for years, but the more I get into them the more I realize how interesting I find them. It's not just raw numbers but the forecasting based of constantly evolving news, information and technology - literally anything and everything from weed stocks to commodities to biomedical to EVs. Any piece of news can have an impact on the market. I'm only in with what most people in the game would consider pocket-change myself (500£) but I'm up overall 30% and there's nothing better than making a calculated move and it actually pays off.
Never realized how addictive watching a ticker could be
You can paper trade now
After watching this I realized that Trading isn't for everyone, it's a very hard job to get easy money. The level of stress and pressure you feel is way beyond what average people can handle.
Funny how the girl said she thrives in this kind of environment
She should have said she "cries" in this kind of environment.
She said that she was fine with 25,000 vice 50,000. In episode 3 when she was cut, she cried because she cut and exclaimed that she should have been given more money.
And then cries for 1h30mins
I love how the black guy was so mellow you hardly ever know he is in the show.
I think he was funny
Calmness and measured independence of outcome is really important
@@sticklebacketienne it also seemed like he was the only guy who knew about finance a little.
@@kuronetwork920 he is an economics student
@@bensonkingori4545 yea probably boring entertainment wise.
Cleo reaallly is the type of person you dont want around in a highly complex environment
Is the type of drama queen you don't like to see anywhere.
The group applauding as Simon made his way out was comical
He was like a walking misery wank
It is smart of that retired Major to invest in companies that he already had expertise in, as he'd have deeper understanding of those companies than anybody else in the room.
Key to trading to think. You can do well if you know and have previous inside experience of the sectors you're investing in
He sadly took his own life 11 years later
@@tubiviral9093Do you have any source on this mate?
I'm pretty sure that all of them would have done better if they did not have cameras on them all the time. Caroline's demeanor is awesome despite all the pressure. She is an example of a really strong woman whom I would enjoy working with on a project.
Pressure or no pressure u have to master your emotions, thats why the big guns stay longer in the game
Lex:Simon here's 50 grand
Simon: i don't even know what I'm doing
😂
The amazing belief that the military is morally wrong...I once held that belief until we were attacked. The world is always Ying Yang, just like the market or breathing out CO2! Wonderful documentary.
I really hope y'all start a new series soon. So far it's amazing to me, headed to pt 3 now.
Alex was the only one pursuing his dream, amazing!!!!
Anton polished Lex like a champ in this series.
This show is good example why ''Day Trading'' is hard and not profitable
Kriss Ichi day trading is pretty unpredictable.
When you see green you usually pull out soon after before it might go red again.
Swing trading is better though since it’s focused on a bigger picture and more stable depending on the stock or ETF.
They were day trading on fundamental analysis not technical so you’re wrong buddy
honestly lex, i really appreciate you for this series. i REALLY appreciate it
This is why Traders die young and investor live long and prosperous
Its unbelievable! love his pronouciation :DD
Simon probably told his friends and family that "he quit" haha
Simons error when he made the Cadbury’s trade was when he said “I’f the world is going to end your grab a Mars bar”!!!! Cadbury’s don’t make Mars Simon come on man.
🤣🤣🤣🤣
I thought the same lol. Man invested in the wrong Chocolate.
If the world is ending you grab alcohol 😅
@@alexx123ify Coke
@@jitulvslife03 The one you snort or the one you drink
relaxing video, will watch it at bedtime :)
This show has me hook, line and sinker!!!
Lex is Raw....#Loveit
Can we have more programmes like this......never seen any program like this.....simply awesome
As someone who actually trades I can tell you one thing: Lex new this was going to happen. When I listen to their thinking process, hear the losses they are taking I feel almost physical pain myself. There is no way a newbie day trades in a consistent manner, especially on fundamentals. Good show tho!
agree fully, also a trader.
But I think he was trying to sell his course. He offers for sale the same course that these traders apparently went through. And they did beat the market. They lost less as a unit during the period of this show than the average professional trader, so while they still lost, during this very difficult and tumultuous period they still technically outperformed most professionals. So I guess his course kind of got the publicity it needed. Obviously trading is a very difficult discipline. I think in a way, he probably hoped that taking non-traders might be easier than attempting to train traders that already have so many bad habits, nuances and biases.
SAME...that stinging feeling inside brought me back to 2017-2020...I did nothing but get my ass handed to me for years trading...wasn't until more recently did I start having green weeks, months and years...on track for my third straight green year and no red months...just red days and a few red weeks this year. It's hard af and it takes a long time...took me a long time. Tbh it's not worth doing unless you are really into it, because if you aren't one of those rare people who are pretty good fairly quickly...you are gonna have a very hard time and you'll have to grind, and it's fvcking painful...only thing that will get you through the pain, is having a real zeal and passion for the markets...and good money management skills. Some people get into this, think they really want to do it...experience that pain, and then they give up. It's not nice constantly getting your ass handed to you by the markets....but since I dealt with it so long I don't even got bothered by losses anymore, cruise through them and look for the next play.
I'm glad I found this video I'm thinking of investing some money into shares hoping to gain some extra money for the future.
Watching this has really opened my eyes to the pressures of trading in stock's on a daily basis,.
I can't believe that Simon is putting him self in a position where he is under that much pressure and really not showing it.
he is his own worst enemy making bad decisions with out just sitting back and listening to himself or without learning from his own decisions.
I bet he's glad that he's been given the opportunity to spend someone else's money, I bet he's not going to put his own money on the line.
I really do hope he is successful in his future and if he does invest money in shares that he does with some professional help.
Conclusion of the episode: Cut the losers and let the winners run!
"i appreciate that...." oh my.
unbelievable how trading the financial market has improved for retail traders compared to 2008
?? 70 to 80 Pct of retail traders still lose money on places like CMC, IG and the rest. Cant see how that's an improvement
Great show 2023 and history is repeating it self.
cant wait to watch the next episode.
sry to bother you Lex but i am wondering if you would hopefully make another series on trading?/Great Series!!!.
yes especially since the markets changed so much
Yes, hopefully they time it perfectly to capture the global reset.
@John Sm how wrong you were xD
Yes, Simon, it really does work like in IT. The difference here is that in the trading world they program those computers to put impatient traders in the red long enough for you to realize a loss. Because they know your types.
Oh Lex, just keep smiling...you make my day complete just by your smile! I hope I can see more of you in TH-cam! Lol..
More to come!
Gosh, I can’t stand how emotionally invested all of them are in their trades. It’s like they have no strategy
They don't lol thats the test lmaoo
23:00 that guy's reaction on the phone is priceless haha
Yyuueahhhhh
Lex, I watched this show when it premiered on the BBC and I still think it is one of the best TV shows that ever came out. I really want an update on Caroline and Ohi, they were great.
Caroline is my mum, she didnt go onto do anything to do with trading, she focused on us really, we moved to the West Country and now she invests in our yard which is cool
@@rosietaysom9461 The wisest trader is the one who doesn't trade.
@@virginraydevitobullshit. there ar the bulls, the bears and then there ar the pigs who do nothing
This show is absolutely fantastic 😮 love it, saw it come up.on tiktok. Im 5 years late but loving it!!
What a peak for beginners like me.
Simon needs to avoid investing his own money he’d be fucked
I love the way the team work in unity, being open to one another and consoling one another. They even applauded Simon, and the supervisor also appreciated him despite the loses. Despite the loses, Simon went motivated.
Here in Africa, they will laugh at you. They will not even applaud you. In fact, they will destroy your self esteem completely.
Do you think that might be part of the reason for the lag in performance?
I really liked the way Amit thinks.
The simon indicator strategy.
Keep simon next to you. Whatever position he is taking - go for the opposite. Take profits.
"A computer program will run forever"!
The production of this was done extremely well, a complete series should have been done
Thanks Dylan
Lol it’s because it was a BBC series not just some random series for TH-cam
It was done..
please do another one this series is so good
Thank you for watching. Please do not hesitate to check out our MDT course training and the Trading Club membership at the Academy on lexvandam.com for more education! Happy learning!
Key lesson from Amit for investors (and traders too!) - diversify your portfolio.
Caroline is amazing :)
Last episode Anton was 27 this episode 29 thats called exponential growth :D
umer zeeshan They said he retired at 27. Then he traveled for 14 months and then got a call from Lex about the show. Sounds about right.
Simon should have gone long on Kelloggs
Bravo!
I watch these type of competition and laugh at mistakes as well as humor and I quickly realize how fortunate such individuals are, I would give anything to have such a chance it would mean a lot to me
Cleo appreciates a lot
4th time watching the series.
Rookie numbers
She wants to make it on her own but is always crying
Great show! Would love to see you guys making another series like this!
A trading version of the Apprentice would be best thing on tv
I would too but I can see why it wouldn't appeal to a wider audience. People like you and me seem to be interested in this kind of stuff and can probably understand most of the technical stuff they talk about on the show etc but I don't think the way this has been produced is dramatic or exciting enough (which I personally like about it) to appeal to a wider audience like shows like the Apprentice would, where I sometimes think they intentionally pick idiots to make the show more dramatic.
@43:38 "Nothing's unbelievable if you don't know what you are doing" :-D
The most stupid thing said in the whole series!!!
Arthur Sandomine it’s not stupid cause it’s true.
He at least admits to not knowing. Jack shit cause they actually weren’t taught anything.
These guys are just an experiment to see who can be the 10% that will profit and who can generate ideas and strategies on how to trade by themselves.
That killed me
@@arthursandomine5464 it's not stupid at all...
I'm learning about the forex and watching from Kenya, This is great for getting details on trading psychology.
Don't miss our #BLACKFRIDAY Sale at www.lexvandam.com! Get the Million Dollar Traders training program and 6 months of complimentary Trading Club access for 60% OFF! Watch Black Friday special video here: th-cam.com/video/_mVtdmrXW-4/w-d-xo.html
ive never seen some be so nice firing people, lex is the man
Trading platforms are so much nicer now. Imagine the future
Simon being an IBM tech veteran i sort of expected a lot more out of him but i guess this just shows how you can't always go by someones resume when picking out an "employee"
well yeah and how most of the trading process is psychological rather than intelligence.
I prefer swingtrading... this month up 49%
Awesome show Lex I watch it time by time. :)
thanks!
Thumbs up for Simon he is a funny man... 😁😁😁😁😁😁😁
DOMINOS!!!
Sadly Mike (army) checked out earlier this year. "Sam, its a bad world..." . I guess it was too. He actually seemed to have the right stuff to have a chance at trading I thought.
Where'd you hear that?
"We really appreciate each other, and that's great" 😂😂
I've been hedge all week and only at the last two day of the week I took profits from the hedge
And reinforced my main traid idea lol my timing was off by a day thats why I allways move into a position wisely if it gos down I observe if my fundamentals are solid I hedge once my hedge stabilize the bleeding I observe if my market analysis is correct I reinforce my original traid idea
So much better and less stressful to just trade technical analysis at the comfort of your own home, remotely, any time, without a suit, following a rule based strategy and risk management... Much less stress, uncertainty and consistent opportunities, never had to rely on fundamentals. But if it works with fundamentals, absolutely!
Fundamentals are important, but we also like technicals as many people do. A combination of both is best, in our experience
Word!! 🙌🏻👌🏻
The dude talking about the morality of what they're doing just should nt be in trading, you are there for money. Not for saving the world. You don't think of the victims you think of the profit.
Trading is a morally neutral activity. Especially day trading like this. You're not producing, they are. Day Trading is betting on price movements and investing client money is acting in the best interest of clients (at least they're supposed to), you're a services employee not a global influencer. Trading isn't any more moral or immoral than taking out a loan for a house. It's a purely financial decision. And putting your clients ahead of lofty college idealism is no more moral or immoral than a mother bear killing something that gets too close to its cubs. It's just instincts and human nature in practice. And every trade is a voluntary transaction by 2 parties who both believe they benefit. Any attempt to be more ethical than that is just hubris thinking that you know what's best for everyone more than they do.
The only victims are other traders, there is no such thing as ethical trading its bs leftist crap.
@@CHURCHISAWESUM It's not a question of morality. There's no such thing as morality. But it is a question of ethics. Ethics is a dynamic set of criteria that we apply to changing situations in order to act in a way to do the least amount of harm. Ethics in trading implies refraining from taking the naive view that the decisions an individual makes have no effect or consequences on the world around them. Investing, no matter the duration, in munitions companies is unethical. They provide the weapons infrastructure for governments to enforce illegal foreign policies around the world. It doesn't get any more clear than that.
Moralizing is for narcissists
It's funny but he ended up being right, a lot of companies are moving to "ESG" investments. Basically a lot of big banks won't lend or invest in fossil fuels especially fracking. but not investing in fracking ends up supporting middle eastern countries who aren't the biggest fans of the gays.
Thanks for posting this Lex, very inspirational series and full of gems for us retail traders.
Thanks Silvio. For me thats what the show was all about
So inspiring!!
Thank do much for taking the risk and doing this program.
Did you guys not go a bit soft on the participants?
@@lexvandamofficial will you ever do this again in the future?
Simon could be a character in "The office" tv show. Suggesting he come back for drinks to celebrate himself after getting sacked is quite odd. xD
Awsome show
Thanks Bill. Be sure to check out our other videos on the channel - lots more cool stuff coming. LvD
Simon wasn't a complete loss...he at cereal like a champ.
ha!
25:04 pretty much sums up the entire show
To be honest, the voice over really, give a lot more tips and tricks like "For those who hedge well, are effectively bailing out on less successful trades." This already giving me the basic idea of building a portfolio and cut those unsuccessful trades leaving a positive outcome on the P&L. On the backend we have to research and do some homework always input ideas. Just with this ideas, I straight away went into invest on plus500+ shorting AAPL and Buying it at my choosen price and buying EUR/USD. will update again in September.
As far as investing goes, just buying every company that you like is actually the best thing you can do. Randomness wins in equities investing.