Million Dollar Traders - Part 3 | British reality TV Series & Course created by Lex van Dam

hello disappointing traders I'm looking at WestEd and bingo will get worse wlw like to sell 42,000 it's going down but don't believe me I'm shopkeeper oh I've just been walking wanna be sure this is a city trading room like no other because no one here has ever worked in the city before 9 under quid light black these eight men and women have been given 1 million dollars and two months to run their own hedge fund and invest in the stock markets as they see fit this is what whose experiences that money can't buy door lockheed-martin it's a radical idea created by one of the city's leading hedge fund managers Lex Van Damme I'm taking a youth risk here I need people who participate to also care a lot and if they don't care enough then I'll make sure they care they've had to trade during the worst economic crisis in a generation while some enjoyed success I think you've traded really really well so you should be proud of others had been pushed to breaking points Simon do say yeah and one trader has already resigned this was getting divorced I mean that gives our education of how awful traumatic I'm finding this experience I think it's time to dip it for the seven remaining traders it's going to get a whole lot worse we're gonna have to just slam the guys down who aren't gonna do so why should we keep you and I look two more weeks left right I have two more weeks left if you answer the question properly okay as if he's not happy this is just the way the business works whatever personal morals or dilemmas do you have yeah I believe taken home as they enter the final push to the end not everyone will survive either we get this out in the open and stop making major crappy judgments so make it snow each it is a meal because no I don't know what's going on you have a choice whether you stay or you go if they walk out then it just shows yes it's actually really difficult to make it to the end [Music] [Applause] over the last five weeks the credit crisis has sent shockwaves throughout the financial world 120 dark Lee's wrote off another 1.1 billion pounds in bad debt linked to the credit crunch and the mortgage market nationwide says the price of the average home is now nearly fifteen thousand pounds less than it was this time last colonists are expecting losses of as much as 1.7 billion pounds which would be the biggest loss comfortably in British banking history extreme market volatility means making a profit is almost impossible she's saying this is the worst trading environment the industry has ever faced many professional hedge funds are struggling so it's no wonder that for the seven remaining rookie traders it's been an exceptionally testing time and a split has emerged in the team between those with real trading potential and those who are struggling so far single mum Caroline has proved herself the best trader and has developed a real taste for making money by the end of week two I'd say I was actually starting to quite enjoy myself and then when you have some trades that actually make money you really start to enjoy yourself it's just a fantastic feeling and I suppose if you know if you're a gambler a casino it's it's like it is like winning it's absolutely brilliant drawing on his skills as a promoter and teacher Emil is also doing well along with Mike and ex-soldier who's loving his new life as a trader any job where you come in at 6 and the next time you look at your watch oh my god it's 4:30 you know and the markets just about so close that's got to be a good thing the youngest stars are he only 20 and from Tottenham he's a straight-a student and showing great trading skill when you're making money you just become really a generalised the excitement the excitement is what keeps you here ok good level to get up with very well done you live and die a thousand times in a week and that in itself actually holds a lot of value despite these successes because of the traders who were struggling the team is down over 10,000 pounds let's go guys their manager is ex trader Anton creel with only three weeks left at the morning meeting the atmosphere is tense your auto parts of course UK what's the biggest rising sector in Europe oh thanks I thought it was real estate index yeah forget about index points we're not here to trade index points we're here to make money um it's a 30 year old shopkeeper from Lincolnshire currently has the biggest losses in the group okay major market news who's got what joy start go for it go for it well just quickly on farm front things been quite quiet but one thing to note is Biogen which felt actually Asuna major market news is this major what get news no sorry okay it's not specific okay while X vet Cleo has been crippled by a fear of losing money and has struggled to invest at all have you got strategies I'm adding to content on it oh right you're out of it yeah yeah yeah yeah so have you got structure need to go bucket alright quite possibly quite possibly is it a strategy well if the results are good then I'll going on along because they've rarely really well cool should we go make some money is that resounding yes environmentalists Sam has also been struggling with life as a trader why feel most uncomfortable about didn't want anything is for the kind of focus on the end piece let's go make some money I find that really distasteful I just really don't like that at all but that is that is the bottom line really or for this for this business for what's been done here Sam's been attempting to trade ethically but he's lost money and now he's having to accept the fact that most traders don't prioritize ethics I've never really experienced it yeah there's no reason for them no it's only gonna be a hinderance there's too much to think about anyway yeah which is why as mike says that trading is never going to change the world there's no reason for it to of course it's not yeah I'll change my bank times my impression of what needs to happen in this world the changes we need to make is so totally at odds with the way that the financial world is it's going in tending towards you have to be cold and ruthless in many ways and I haven't seen a lot of incredible human qualities emerging from the people that I've seen who are successful at this game for ransom there's no room for ethics in the last big push to make a profit over the next couple of weeks what you're probably gonna see is the difference between those that can turn on the brutality switch and make some money and the people who are just here for the right if the desk is gonna make money we're gonna have to just slam the guys down who aren't gonna do it I think it will get ugly there's certain people in the group who are displaying traits of being on the brink of paralysis and if they do actually fall into that psychological mode there's no place for them on the desk with a million dollars of his own money on the line it's the investor Lex Van Damme who ultimately controls the cash and fate of the seven remaining traders Lex wants to enforce the stricter regime there's going to be more discipline in people being in the office yeah you know so they get their lunch between 11:30 and 12:00 itself they're just back on the desk and they're not going out for little coffees whatever they can go for coffee at 4:30 uh-huh tell them that you know shape up or it's not gonna work right cause maybe softy softy and never gonna be real and you'll see that leaders Lex has already voiced his concerns to expect Clio clear yes a he thinks the problem is that despite being highly intelligent she's too soft if you ain't a vet practice and you have a new person and this new person start crying every time there's an animal that's sick that comes in yes what would you do I haven't cried every time that show number what we could do if you had a person like that how would you deal with us I've given support you'd give them support okay what happens if the support didn't work I tell them to pull themselves together right and stop doubting themselves okay so I'm telling you you should pull yourself together we should stop doubting yourself yeah your capital is half from 50 to 25 okay as far as I can see you know you've been distracting the team you know you should focus on yourself while you're trading forget about everybody else don't go with your issues to anybody else anymore you cannot let emotions get in the way so you're going from 50 to 25 and if you you know if this week it's the same thing if you get upset that you start you know start talking to other people about it then you know then this is your last week okay so that's how it is thanks very much okay okay thank you having reduced his risk with Clio Lex had already decided to invest this extra cash with this strongest trader Caroline you are an example to the group so I'm gonna give you more money so I'll give you 30 which is partially taken away from other people yeah so if everybody starts crying around you and being depressed yeah you should just say well you know you are almost like the winner right you've taken this from other people it's nice to be given the extra funds to invest and for the vote of confidence having more money means you actually being told to trade more I appreciate that that is your duty now but now Lex has another headache eret Amit is so far placed 23 trades of which 16 have lost money you're not applying what you have been taught hmm it is to build a portfolio you look tired hmm you're the biggest loser in my portfolio mmm you are doing yourself a massive disservice if you cannot change you're gonna have to go obviously yeah you know if you lose a lot more you're gonna have to go if you can't change you have to go so like your portfolio like you know in two days you look very different to what it is now okay you know I can do it you can't just learn this through a book it's all about experience you know day in day out I do want to prove to myself that I can do this you know I don't I don't wanna walk I thinking I can't but like I said the situation I'm in at the moment is that you know when you've been kicked in the teeth every time you've got no teeth left you know I mean it's like almost okay I'm gonna smile anymore right leg still has a hundred thousand pounds of his money up for grabs he will decide at the end of the week who to trust with the extra cash and whether amitin Clio will survive at all as the traders get closer to the end of the experiment you look for us please can you see him buy me a hundred taken mile I'd like 200 invested to try to balance both geopolitical tensions with supply and the mage funds are privately owned investment vehicles that are designed to make money whether the markets go up or down the 4,100 fell more than 2% in the morning master the dark art of balancing the two and you'll make money whether evidence today that the housing market in the UK is set for a protracted downturn markets in the UK Europe and America and now open to the novices 7 billion dollars by selling its asset management unit no burger Caroline has 90,000 pounds to invest and the other strong performers Aki Mike and Emil have 60,000 far from being daunted for these four rookies trading has become almost second nature meals portfolio is going well and he's not short of new investment ideas it's open I said last night the only problem is he's run out of cash still rising it's rising sick what you want an endless pot of cash well you know we might be possible yeah oh that's just common Emil it's constantly under review ok cool right I'm actually doing quite well today and that's why when the mind is still more money you need to trust this that we'll do the right thing you know I'm in your hands aren't I it's not a big deal no no it's not a big dose will move on Monday as well I know it's not a big deal but when you find something right and if father dates what you originally thought it feels good doesn't it you know that you've been there yourself with that feeling course it does yeah exactly but what are you getting pissed off for I'm not just like you know I'm trying say keep me booked and make some money you're the type of trader who's just got itchy fingers yeah you want to deal all the time Yeah right you not me need to control that careful that's me being diplomatic Emile's problem is impatience but Cleo's is nerves how's your book looking clear well it's got three positions now what are you longer to you sure I'm long Tate yeah which I'm happy about what else sure is long si B yeah which I think is holding up considering the Tapani are you sure InterContinental Hotels ok they're not inputted yet if a trader buys long they're hoping a stock will rise if they sell short a complex process of borrowing selling and buying back shares they'll profit when a stock falls a good hedge fund trader must do both if they want to make a profit Cleo's been cautioned for not investing Emil wants to help we're trading two things who are who we flow in a oh this is good young Cleo it's still going off you spoke about this Abercrombie and Fitch is broken through it's down to 48 it's two dollars down is still going down a very good trading decks to have is when everybody's got very differing strong opinions you don't want to have a desk where everyone agrees on everything because everyone ends up short the same stuff and long the same stuff and then when you lose money the magnitude of the loss is always far greater good trading means following your instincts not other people according to ex-soldier Mike you have your view of the world and when you're trading you express that view by putting money on it and there's just too much consensus on the desk you know there's too many people in too many similar positions oh hi this is Carrie from traders under just goes for meaty SEO Tesco place tears I just get the impression there is not enough debate and people challenging other opinions on I'm loath to because I think people say it personally you know and they get up some trading is an unsentimental business with many unwritten rules such as how to deal with your broker when you call to place a trade how silverstern yeah I've really I've wrote Donington but on a motorbike yeah yeah yeah yeah yes I go sir who can you get me filled on that one over there 65 cities you see issues I like I like the plan sir with them as far as Anson is concerned the traders are here to make money not friends I'm frustrated with you guys because I just want you to get angry I want you to be vicious on the phone if you shut down the phone and you make them sit up in their chair they're going to get it right okay there's no downside to doing it there's absolutely no downside sell 300 at 750 four and a half thanks bye he's your [ __ ] seriously okay so he's not happy as your broker clear good management is allowing you to learn how to speak to these guys you've got your unique management style I've got my own way of David say listen listen right all however I communicate with people are always going to do it in my way because I'm always going to get the best out of people how I deal with them please guys get spoken to like this on a military minute basis every day does that mean it's right right it is right because it's the way the business works well does these guys no no these guys if you pick up the phonee just go by that Alex that amount by yeah like they don't take it personally it's not an insult it's their business what do you think I was what I've got no problem [ __ ] Bhavana I think it's rude personally huh I think food I think sometime never said calling [ __ ] and I think you did it's the tone yeah sure oh yeah you gotta be phone with them from the outset yeah and then if we take the piss out to you then you can go crazy right yeah but if you're not fun with them if you're not throwing them at all for the first three conversations they are gonna take the piss out of you yeah it's just in their nature while some enjoy the tough approach a cold there's your phone do this others find it less acceptable my job here is to get the best out of everybody and hopefully make everyone make money hmm that involves turning people into traders right my frustration generally with the group it's just lack of focus I've been in the industry for a long time right mm-hmm in terms of abrasiveness in the office in this business yeah for me it's like going around to my granny's and having a cup of tea right it's like it's part of the business almost like military get off my face I don't want any distractions I'm focused doesn't have to be like that trust me but I this is I have to be like that to make myself focused okay so that's you have to be like that's what but trust me when I say it most guys in the industry are like that doesn't mean it's right here's a load of [ __ ] you know somebody respects you will do what you ask them to do my speech so another human being in that way when there's no need for it it's all the bravado that's what it is but this there's so much bravado in the city in everything you do yeah it is I think it is I know after time and ends up being a pissing contest I think it though if you get like a high concentration of a man in one place at one time it's always gonna be like that and I think if you look around you the city seems to be high concentration of men yeah and most of our souls it's just a lot of [ __ ] [Music] there's still over two weeks to go and life as a trader is taking its toll on everyone Amy I think the boys the girls everyone's sick but for investor Lex fan BAM nothing not even illness should stand in the way of profit really well some and/or he were sick on Friday right oh he toughed it out and some went home early right all right I think the same bug husband has spread to Clio and uh and um it Cleo uh was sick three times last night that she's coming she said to me this morning if she's gonna vomit and she runs off the desk screaming it it's not because I'm emotional it's because I'm going to be sick no but she should just have to tell her that just put a bit next to her session maybe say most about it she'd have been next to everybody and this is throw up in the Vinland I have to throw up say like you know we don't want people like being off the desk all right because I might throw up if anyone who is close to throwing up together I'll go and get two bins um it's please apparently been vomiting all night I'm not happy my message is that it's gonna be really important to come in at the end of the day you don't have food on this portfolio you know it's gonna have to go okay at midmorning um it's arrives by just a bit ranging it's worst you know like you get you get off just like wish you could almost caught him with a collapse any minute right now yeah what would the symptoms just sickness hey did you Bobby yeah okay headaches Percy I perceive all right there's clear oh sure you should probably go to one of the drop-in centers in the Civic yeah yeah it's like 60 quid nothing consultation and I thought you ever I saw it yeah yeah I'll just go up at like go before lunchtime yeah all right it's just thanks last week Amit lost 1200 pounds from just one investment this loss has hit him hard and despite being worn by Lex to widen his portfolio and hedge better he's only managed to place three trades I've been being of quite a few times the last few weeks so this is one of those things you know you score take on the chin and move on the hardest thing is there's been like developing my portfolio I just got to deal with it you don't deal with it I've said you must call it a real chance here [Music] for Emil and Sam weeks on end stuck in an office as it times been a real psychological challenge if you feel like a battery chicken non natural life like it's timeless I know trusting myself made any decisions today either because Worley and their stuff and I'm tired yeah - not very good state of affairs so far Emil has shown glimpses of real trading ability and was rewarded with 60 thousand pounds to invest but today he's adding to Lex's problems that sin if that says 67 thousand yeah I was 64 thousand he's exceeded the cash limit that Alexis sent him a cardinal sin in trading I know what I've closed out and know what I've invested doesn't make sense like how do you want me to explain this - what do you want me what do you want me to say - because if I call him now and say you're over he's gonna blow his top whatever then I'll just trade out it this morning it's come to light that Emile's broken his exposure limits by 10 percent right I need to go and he didn't even realize the point is is like they left the office last night and they didn't even check their exposure or their P&L or anything right both Anson and Lex feel part of a meals problem is his friendship with Clio why did it happen because he's just not focused he's not watching his positions properly it's just going home and it's just getting too clear all day hmm he's been distracted again by her it's just very difficult to have them both in the office we just actually can't let this go today I think we can't let it go I know it's like we it's one step too far yeah he wants a spreadsheet right yeah that's not the trade counter yeah right I need to pull it together yeah it's a show cost value versus current value of your positions and exposure right okay it's fairly straightforward okay Lex wants to penalize a meal he's got to stop trading immediately and compiled a list of all his investments from the last six weeks a partner an hour later and Emile's had enough I'm not doing it seriously I'm not even doing it no I'm not wasting me time I'm not wasting me time I'm doing it because it's it's just you for this I wasn't 67,000 over yesterday I was 63 and a B then you told your 10% well you know you've got the sheet there now why don't you just send that one to Lex as it is no no I'm not even doing it seriously I'm not playing games I'm really not playing games with someone course PC a [ __ ] face like a child and they've run off the phone that does cuz that's what it became that's why it's being for the last few days and last week as well and we all know it and even admit it now there's a problem in dealing with me because he can't say a face-to-face it's absolutely stupid he has been rude to you you know and I'm really not happy about that it's [ __ ] mate all we're doing is spending all our time and pandering to the guys who are a joke it's always somebody else's fault when you [ __ ] up yeah you know hates me what can I can the DEF CON like I'm the one who do they look looking difficult I saw these people like you people today thing when you put people look at some like me it always appears that is what I'm like no it's not that me don't know one o'clock I haven't done no way about any trades yeah America markets open in an hour now I've got loads on there I should be looking I should be doing more things I wants to reverse my position in rim or not I don't know whether a fan cause it I've been making yeah but be mayhem only felt like you make nearly ten eleven days now and that's why I feel frustrated yeah I'm sure and I'm you know it puts all we the negatives which applause oh yeah that's a personality yeah hoping you're right but it's my fear no I don't want to want to be the center of something don't disrupt other people in a I don't want to be I don't want to have conflict we have a valid point and it's ironic because I brought it up today to be a ruthless in business well I told he wanted it needs dictate things are getting out of hand Lex is due to arrive tomorrow to distribute the remainder of his million dollars who gets the money and who gets the boot only Lex can decide [Applause] [Music] hey c'mon let's go for the past two months the seven rookies have been immersed in the world of trading why then from the top you ought to kick me off down that's not points my name check SP up not 0.55 Nasdaq up the end point O 3 Fe future their lives have become a routine of daily meetings financial data and portfolio analysis gold broke 800 overnight which is super significant support line if it breaks through that then all these hedge funds is going to start unwinding their positions cool I don't know what time his Lord and Master will be in today but I I just expect lets me at some point today as well this one doesn't give me yes the anyway but across the square mile at a breakfast meeting lexan and Sun are about to bring down the axe regarding a business there's only two weeks labs the downtown grounds it's not really getting much worse but it's also not improving so Cleo it seems like she's been copying other people's trades yeah as far as I'm concerned she's a smart girl she doesn't analyze but she's just not a trader so how about a mitt and it's hit a brick wall nature unfortunately for um at this time it's just too late he's hungry for the city life yeah the city lifestyle to set one day to turn around and say I'm a trader right but he doesn't want to do the work I just can't see how he's gonna make money Emil I think he's worth an investment does he think he's got a lot of potential he's been working hard he has diversified his portfolio however he's not what he made like a really big error and he broke his limit he seems to be totally distracted because of Cleo we've had so much patience yeah but we got to give ourselves a chance to make some money back there so the question is let do let go of Cleo do we let go of Amit do let go both markets may be the toughest seen for years but there are no excuses in the city you read the doing well or you're not and this fund this down of the ten grand Emil Cleo and Amit's are about to receive a blunt reality check so the question is hmm why should we keep you true those is your opinion of us listen ASIS I can't make you it isn't for you and I will endeavor to try my best and make some money but if you think I'm going wrong and I'm going to run pot then less you're just making yeah yeah I repeat the question why should we keep you why should we keep lucky to keep me I think you think for the past few days that Maya piano is moving in the right direction right and see for the pound three days you've done three tries three Johnny Vong was kind of new ish sure so so why should we keep you um I got two more weeks left right I have two more weeks left if you answer the question properly okay try to convince me hey at least one go yeah sure yeah no I mean I believe I think I can make some money out of this I want to express Alex I've worked my harder I can tell you right now I am working towards a goal which is to get my P&L back in because it didn't date one more person adding to the P&L on the plus side will be in your benefit but if I give their money to someone who's better there's even more benefit of course okay fine okay I quite like the way when he's put under pressure he actually stays pretty calm I mean for him he knows it's the final conversation okay positive yeah what next is Cleo what percentage of your your stocks are like you're not generated by yourself having done the work all of them I don't just jump on the back of other people's ideas if that's what you're trying to insinuate I'm not insinuating anything maybe you are the source of all ideas and everybody comes to you and then puts it on after you put it on or no other people have the idea and then you know you put it on after that let's take Nike yeah I actually spoke to Emile about Nike all right your meal have his own reasons for going into Nike but we had a son Reese obviously he did but I said have family noticed there's a hundred let's say a hundred thousand talks in the US have you read an article about Nike and he happened to also have his own name both put it on I I generate ideas and I do chat to people about my ideas just it the next two weeks I'm gonna be so much harder why do you want to put yourself through that Wow because it's there's not gonna be any niceties for niceties say anything else you to jump you have to jump oh yeah it's just the way it has to be because that's the way a trading room operates and whatever personal morals or dilemmas you have yeah I've Nev taken mine yeah no because nobody's interested okay fine so why should you stay I am returning I wasn't before but if you go on a progression journey then I've gone from not returning to returning so therefore in the next two weeks hopefully logic would say that I would continue to give you a percentage return on whatever money is invested in me you think you can do the de pressure yes if I'm dealt with in a normal manner the same as everyone out here you go again if I dad was in normal minute no doesn't matter like every like if you're on the trading floor you're always gonna think that your boss has it in for you no I think you're wrong okay I don't care what you think there's what I'm telling you yeah on the trading floor you're always gonna think have you been in training floor if you worked it for 15 years or for 10 years no I'm telling you not it's no longer an opinion this is just what it is your boss knows what is good so what ever Anton will say in the next two weeks it's just the way it has to be and that's why I'm worried about you that you actually think well maybe you can't deal with this I think I can okay we're gonna talk more okay okay thank you my resignation I'm not gonna do it you know when you have a trading position yeah yeah and like these are our positions really these people and you you end up being more praying instead of like just cutting mmm Cleo has made progress and it seems like she's emotionally pretty stable I think he's wrong she knows exactly when she has to display that she might be but when she's sitting at that desk she's all over the place we've forced her into being invested and 80% of her positions or replications from the rest of the desk know if he say goodbye to Cleo and she starts crying and getting upset I'm worried that Emile is gonna get like a hissy fit and he will walk out it's just wrong like this is not how a trading desk operates so why should we do it here right now you are actually quite talented I think but your fight for justice of like everything about it should be fair like in a city room you wouldn't survive but that attitude you're like and saying that I'm gonna be the person you throw the spanner in the works what in 10 it's going to affect the group and abuse no almonds if you do something that's negative to the group yeah you'll just go very simple I am worried that you're gonna do things that will be negative for you decisions will be made that you might not like but it doesn't really matter I just want you to just focus on that screen invest be smart come up with lots of ideas build a portfolio and do well Emile may be rebellious but he's a talented trader and Lex doesn't want to lose him so your new capital is gonna be 75 so you got 15 more which is the only message that you really should take away so what do you think good you know I've but where are they I know you are your own person and that's why you were chosen however our challenge is for the next two weeks to make sure the end of the depositor for you now yeah thank you now it's decision time either Cleo who's struggling to invest or amat who's down 3,000 pounds must go if I looked at that trading room on Monday so if you think about was it should look like on Monday if if he is gone yeah and Cleo are still sitting there it just doesn't feel right just like I just it just doesn't feel worth it doesn't work if they're both there didn't feels like we've made no progress yeah so I guess yes to go right okay how are you gonna how are we gonna put it - is she gonna cry she's gonna cry this is ridiculous let's do it hopefully in five minutes it'll be over clear Thanks nice so we've had long conversations okay obviously about the benefits of you being here or not being here we look at the progress you've made over the last six weeks and it's been like like pretty tough but I think it's it's it's not gonna work I'm sorry so that's the decision you just know the trader and it's just my case at all not at all okay yeah there's no point at all okay they don't want to over dramatize this right I mean it's not like someone has just died or whatever and in the last two weeks we need to make our money back why don't you just say what you think let's just be let's give everybody a fair chance you know there's probably no point now he's found I'll take you upset if it's any benefit to you we feel really bad about it you know we feel I tell you this gives us no pleasure this gives us no pleasure like it's the same it's like if you have a bad stock and you want to hold on to it you know you gonna have to cut and we've learned from experience if you don't if we hold onto our bare positions that we feel are bad positions you have to get out of the position know so we feel we have to get out of this position I appreciate that you know I did I just you know I feel in light of the fact that really I did quite well last week but isn't it like the best way for it to end that you feel like actually no you did everything you do every thing would be for me to have being given more capital that would give me more confidence you know when I didn't receive that this whole thing to me make sure you you weren't ready for what capital to be honest with yourself honestly I really was we went from nine thousand invested with a gun to your head to be more invested to 21 I did yeah so really without a gun to your head right you don't deserve more capital okay right yeah it just it can't be like that I appreciate right the frustration and myself and I'm really sorry it's okay it's fine it's forever leaf I hate it's much better if it just kept it alive but you want some water should I get you some water no no honestly I'm absolutely fine it's just I'm trying to stop myself from crying because it's laughing okay that's okay it's so frustrating because you're right I'm looking for that I'm looking for the perfect thing the whole time that is why I haven't been trading you know if you have to look at like who has the highest IQ you know there's probably two or three people in you and you're amongst them but you just know the trader sorry no don't worry honestly sorry okay um probably the best thing probably the best thing to do is limit the time spent in the office for now okay okay for a meal it's the last rule you know what people didn't call me in for I go I don't care what he said you okay yeah okay good she agreed that she had these chances and she didn't take it shall we call him in no he's still angry the mother's letting ponder you off your off I know it's a joke and they're all just waiting for it to say it's not a distraction or something else but it's [ __ ] it's [ __ ] I want to see what he does naturally without all reference if he walks your other station on know your decision clear up not your decision is he doors masse he's going with general emotional he's going he's pulling off his stuff yeah I know I'm furious no no no seriously clear it's not you honestly it's gone fine just chill and let's sing something buffer my decision our decision people spoke about no some masses seriously it's [ __ ] I'm it's not about you Cleo well ourselves honestly that's it fall out going salmon amid surprised everyone by walking out in a show of solidarity to not you know but it would appear like it wasn't you people have made their own decision it's just people about the north in general yeah but it's a serious nono Amy but nobody wears the Smeal please okay okay no no no no I'm speaking no let me speak yeah okay I understand where you're going with everything Holloway X in the city and everything else but there's a fine line when it comes to being human beings yeah and now you see all the people in the room responding to that city or no city it doesn't matter party you have the cop says we clear all right yeah I know yeah the conversation with you and I the comments they speak to her speak to clear I thought leaves connectional yeah yeah clear we'll explain to people it's not a conversation explain what Lex it's about being human it's about spend this six weeks ago well yeah what's not you seriously I said already please me being frustrated at my family oh and my you know it's not just to Clio it's not just about that letter to be honest I really have nothing to say cool not a problem I have nothing to tell a problem I do not know what the [ __ ] is going on here and what is the sentiment is in this room so either we get this out in the open and stop making [ __ ] knee-jerk crappy judgments no make it snow I don't know what's going on my choice whether I walk out this room is my choice I'm exercising my choice to walk out for yeah anyone else she's walking out the room it's exercising their own choice you have your choice whether you stay or you go no one is compromising you cool okay not a problem then okay I'm I'm going off you just like to say thanks very much very easy go stay to your core move the money I really think you should you've got two weeks left and you should smile it's opportunity hi this is me and you reach the point where there's a line crossed I've said that see for the last few weeks and it's just crossed it against a day it wasn't this it'd be something else trust me it would be something else and there's something else in there something else okay we can't be created in someone else's image or anything else it's just the way it is we always said this is really really difficult only very few people can do it if they walk out then it just shows yes it's actually really difficult to make it to the end I really you know what I feel so good Jesus Christ very very strange I didn't whether they expected O'Connor reaction same coincidence to me that the the guys who are losing the most most money have found the excuse to walk out oh yeah we feel great how happy I feel like you know they've got different idea of doing things it's the harsh way it's the city way but we're not city people right yeah I'm not compromising how I feel or anything else like let's say you sitting at a trading desk yeah and your best buddy has just be fired yeah I'll see him in a few weeks for a drink the only mistake we have made is we should have gotten rid of clear two weeks ago it's not like our best people left believe it oh he the Caroline every Mike the top three have stayed are worst people left people who actually losing money will try to find any excuse possible to get out of it because they're hurting none of us really want to be in an environment where people are treated really badly for the sake of making money so it's been real shame anyway oh he is upset by the wall cams okay what's your one fact is as much as I feel the empathy for the others yeah I'm in it for different reasons I want to stay to the end listen for a guy regarding your age that decision is incredibly mature seriously so do not feel bad about wanting to do well for yourself in this business I've seen a lot of people not being able to emotionally deal with it I've seen people cry on the desk of people you see people throw screens on the floor you know if people don't see people have a fit I've seen people walk out run out lose total control I've seen it all so to see four people get up you know it's not like oh oh this is really new to me I've never seen this before whatever I just think it's just stupid you know to walk out in an emotional men are like that just to say no I'm going I can't take this anymore I'm going it's just such a sign of weakness as a team the chance of me to make money over the next two weeks has gone up three times so I'm okay nobody has to worry about me those who walked have lost their trading rights over the next couple of hours until further notice could you only allow Caroline oh he and Mike it's a trade Carol on hockey a Mike yeah if anyone else rings up they're not allowed to trade okay no problem all right I mean thanks mate cheers play it's all down to the final three they are the traders now trusted with Lexi's entire 1 million dollar fund we now have zero distraction in the office the rest of the guys were losing money okay um you guys are left which is a which is fantastic so we need a strategy you're gonna be on 200 you guys are on 145 each we're gonna go through every single position and work out whether we should keep it or not okay I'm with TPT we need to come to conclusions which I won't want to try to British American Tobacco I don't want this ite I think it's a muppet position you know screw house he goes do you want to earn more tester yeah probably game well this is working out for you great who's got a view on the HMV game booth yeah yeah Cleo Tate together bascule yeah its place it's that good trait then I useless get rid of that useless there we do that yeah is this a toxic stuff budget doesn't utter maybe that's why is only made 2 pounds 50 Queen ten days after picking over the bones of the absent traders portfolios all it takes is one phone call the Reaper hires bikers liquor and over a hundred and sixty thousand pounds of investments are closed I make first execution obviously yeah they go up line for me Rupert come on cpt lent by two five zero zero B 80s Ln cell two seven four eight ite ln UL e by 200 ng backslash hundred away hello three cell seven mile zero by 900 G but done I really enjoyed myself today actually um maybe that's wrong with the other full gone and I should be you know but moaning they're passing but that's it's you know I can't I've got to get on with with this last two weeks you know if I want a job as a trader I can't wring my hands over things like that sorry Sam it's bad world with ten days left to trade the hedge fund now comprises a student a single mum and a soldier as the best performers that got to try and claw back some profit from the losses some of the others have left behind and see who overall will emerge as the best trader it's now the last day and the traders have until 12 p.m. to close all their positions let's go make some I think that you can't just look at stuck as something that goes up and down like there's an underlying story behind it learn how much everybody loves it or hates it how much people see their futures in it you can see all of the greed in this stock and that's quite amazing to see hi it's Caroline at traders I'm Whitbread I think you have to be emotionally very well balanced if you can't live with having that pressure on you then trading is not being oh just hit the bid four one one zero you don't meet this is a viciously viciously difficult game is absolutely horrible when the market isn't going your way bastard it's just some of the most monstrously uncomfortable I've ever been in my entire life 27 spot for 53 i sell 687 thank you and good night chase but but but done yeah we'll miss it yeah I really will really enjoy and it's just like it's just like soldiering you know when it's some it's really whole graft and you're really cold wet and muddy it's great after it skis you sort of know that you you survived it okay thank you very much Don 3000 sold at 3:51 okay that completes my book hey Don yes I am alright I'm not gonna watch it anymore I'm just gonna go into the black isn't it I'm not 353 now we're done superb so we're gonna crunch the numbers let's see how you got on [Music] Lexx Van Damme is about to deliver his last assessment to the traders before he does he needs their final figures the past two months have seen incredible market volatility even professional hedge funds have struggled losing on average almost five percent over the same period collectively this fund lost twelve thousand pounds or 2.4 percent so they've performed better than the professionals the most successful individual trader is aji who's made a trading profit of one percent most of the others you know you kind of know what you get with you you're just not so predictable so you know you have like really original ideas and you have definitely like moments of brilliance my fourth fight each other that's the one where so it's like it's almost like you have conflict in yourself it comes through in your trading yeah profit-wise you've been my best trader but if I had to pick one trader it wouldn't be you because like I feel that conflict and I'm worried like you know maybe it goes to Amway but I think that's the one thing that you think you gonna have to work on so you have a lot of potential in you I do think your natural born winner the fact is through all of the joy in the pain I did have a lot of fun it's like playing chess against you know the rest of the world yeah if like a really really high understanding of the game like a lot of people have tried it for a long time still don't get that you got it int in two months you understood it and you made money out of it so you are very talented Thanks no no great Mike also beat the professionals losing just one percent overall you focused you control to your risk you didn't get emotional you didn't behave childish you know so you were very dependable so I really think that's you know if you won't be in this industry I would really recommend you as a brilliant comment thanks very much Lex we've outperformed the hedge fund index that's the good news the bad news is I lost money so obviously I would have liked to pay you bonus unfortunately nobody gives me the cash to pay the bonus the upside was always going to be about the experience really it wasn't yeah you know the millions I like could've earned it was a really really difficult so you should not underestimate your own achievement that's fantastic yeah it's some so congrats and I should thanks Lex yeah well don't know done thanks mate for Caroline 0.5% profits so if you had to do this so like every day at this degree of intensity where you have to be in the office at 6:30 mmm and you've watched the market till 9:00 at night yep do you think that's like sustainable it's a question of I've got two young children I'm a single mother and they come first yeah so if I had to pick one place to come with me it will be you you know I would consider you the best trader I think if there was one moment for me personally over the last 10 weeks that made it worth it was when four people stood up and you were sitting there ever totally calm and collected so you know help broke out and you're sitting there and just like focus on your screen that's for me you actually was probably in the moment of the last ten weeks it was like totally amazing to have three guys in the end who we believe genuinely have the potential to do it it's fantastic we really actually can be proud in July I made point three percent in August I lost one percent so I lost point seven percent over those two months so you guys are before me and you've not done it before so obviously I have to sort of like start rethinking my whole existed so no see so you guys did seriously well since leaving the trading floor Sam Cleo and the meal have returned to their day jobs amid continues to trade at home in his corner shop using his own money Simon is making new plans for his retirement or he has returned to his economics degree Caroline is planning a new business venture and Mike is now running a vet practice but still hopes to become a professional trader one day from million-dollar traders to billion dollar bailouts in half an hour why does the car industry deserve special help are we entering a period of D globalization and Ian McEwan joins us to pay tribute to John Updike news nights right after the culture show from Scotland next I'll be dizzy too [Applause] [Music]

Channel: Lex van Dam Trading Academy

Views: 371,290

Keywords: million dollar traders, british reality tv series, tv show, financial tv series, lex van dam, lex van dam trading academy, how to make money trading, 5 step trading, hedge fund managers tips

Id: Y--PjLk1A1Y

Length: 59min 7sec (3547 seconds)

Published: Wed Jun 13 2018