Wall Street Warriors | Episode 1 Season 3 "Enter the Bears" [HD]

Coming up next on Wall Street Warriors. Today's start of the official bear market. Stress levels are off the charts. The American economy is so weak right now. 13 bid 80. 13 bid 80. We're down 13. F*** you're killing me. The tension is visible. Just keep me updated. Goodbye! order and order a huge pacing money billions and billions of dollars are traded on a daily basis out here to the extreme a lot of people make a lot of good money down here but you pay the price too right now we're a little tricky are you the american public want to really find out any kind of move to the downside gets people panic I think we're gonna have a problem in the market Jerry Sega to rate I think the credit crisis and shoot right now because when you US economy gets bad people run and they buy oil they buy gold. There's a confidence that has eroded. There is considerable uncertainty. there's a lot of money on the sidelines things are bad across the board $2 getting pounded because American economy is so weak right now there's a problem I mean there's a problem that has to be solved some gotta be fixed make a common last week today's is definitely get a mark storie day because we are officially in a bear market front page of The Wall Street Journal The New York Times in all these other offer financial newspapers are calling this the Great Depression we currently have oil natural gas dollars and a 52 week low and those three components of the economy are hurting really bad right now you need to keep everyone calm collected and tell me about the option strategy don't get into panic mode and tells me opportunity right now obviously know today is the start of the official beer market on a financial advisor doing this for two and a half years along with my part and which is also my brother kid we deal with stocks bonds options around 43 4881 same thing wherever you will go to 59 bucks all day long that's now trading at 8428 resort some people say don't do business with your family but I don't know who else I could do business in trust the writing's on the wall all you have to do is go the opposite way but every single day myself my brother we reach a point of disagreement and you know what I actually booked some of my clients out of yes KF right around $120 cause the market just likes to do things his way and I like to go out and do things my way up 20 percent right now I'll take the profit and that's it he held on for another blog for some other guys in these of actually another another 15% from where I was so tired right now he's about 30% on SKF he's looking good it's kind of good that he's my alter ego here so when i think im right im wrong he's right when he's wrong I'm right so you get the best of both worlds three months oil goal from 80 to 130 but it's going to turn right i mean in the us- prices are high enough in london there picketing and burning gas stations wall street is feast or famine we just came out of 5 years of hyper grow and bloom we got hit with the subprime crisis and wall street started to pare back and lay off stress levels are off the charts it's a lot of hysteria in the markets now many of the energy hedge funds are flat or minus for the hedge funds are now managing a significant share probably fifty percent of America's investable assets is he worth looking at internet really so what I do as I look for undiscovered hedge fund managers and introduce them to some of the largest investors on the planet grains interest rates to see he's got 20% greater return on that's the right on top of each other can get a high-profile investors all of the country and all over the world and they just need to put capital to work 39 euros committed which is best four to eight billion dollars they said they could do 250 more behind that we have way too much money chasing too few good managers he's losing money when everyone else is losing money I look for managers who generate consistent positive returns in all environments my fortunes are tied to the manager fine successful managers I make a lot of money and if they don't perform I don't get paid Christie I am Christie rice and I am the CFO of the brokerage division of thinkorswim there's always a lot going on that's one of the things about thinkorswim constant deadlines we can't have it happened make sure this gets fucked properly by expiration friday and so being a broker-dealer there are a number of things that we need to request from our database team being the only by the end of today I need to make sure that we have our positions report and all of the information we need to go into our financials fund our on expiration friday the tonton invisible for twenty years when I never had a businessman and what we did was we just showed up for work every day and worked really hard and we are where we are we're not your parents brokerage firm I think we change the whole industry we definitely blaze that technology trail and we've never been afraid to march to a different beat people say we are the apple of the space into me Apple is the greatest so if you want to compare I'll take that all day long over this past year we went from an under the radar to higher profile research firm and I think really you start looking at over the next six months and you're gonna hear and see if they can swim a lot more we just take over this whole building I think we'll do that while it was crying wolf walked to the bank not a bad day is a safety every day on Wall Street money is always being made toward the pens on what you're in see if I can only squeeze maybe another 70,000 mile profit for the dollar rose point ever been so the question is what's the hedge oil three magic words 95 bucks we already on our primary goal this year besides making our client's money in a bear market is the land a couple of high-profile athletes we feel we can crack this sport networking world would have a bright future the commodity crude analyst at the guidance to place a significant move is coming in crude so what I'm trying to do now is just a sample of the take advantage of reaching out to anybody that's hands on any energy business that try to put together right if could double it can have and in either of those scenarios if you get them right there is a significant amount of speculation the arabs of turning the spigot on it turning it off china says we don't need any oil then they come around and buy all the oil that's available for that day and that's creating this public so what I'm trying to do is put together a team that will analyze the fair value our forecast the value of crude and build a product around when you look at institutions the Institute Cary Fox is a very successful private equity manager I would love to get his input on the energy project they're doing the same speculation but they did with goal the sense that if the dollar is falling on the markets are falling people want to go carries out there with his fingers in many different now they're saying oil I can have even a faster increase in the price he made a lot of value in assembling a team to figure out the best way to get this time that kind of its components today people are panicked lying so the economics of the new front in this so we'll do that what's going on right now is it was just panicking cash which is not exactly where this is heading in what we should do I declined panic out of SKF one of my shorts a month ago I had 1986 thousand dollars on the table he sold it won't 556 on Saturday he got in contact with can make it work the driving range gives cannot calling says listen I gotta sit down with you guys want to come back in now with half a million well I tried to explain to me from the get-go that there's only one driver of the car the same applies to this with investments and leave it to the experts who are drop keep playing these ETFs guys because that's where we're making money and that's what we gonna keep making money of this next one here to create wealth and opportunity to take advantage of them for clients that's why they like us all of us working together and seeing what is believed is a blessing because we all bring different passes to the table does a lot of business development will do call him and I call you back to reach is one of my trainees kind of getting the field of the market just get in contact with those potential prospects let them know that today is the official start of a bear market the market is not looking good client is not looking to invest and you know you got a job to convince them every which way that you gonna make that dollar menu will always still on for $1 trying to tell you that will be the end of the quarter while he said by three o'clock the market would turn around his downside it's about 3:30 gotta go back and forth with this guy can would be you know cuz he's always he's always got to be right pulling the engine would so love by three so by the eighteen 18 will make small little dollar bets and just just to prove a point the market rally so you'll 100% wrong your prediction of 22 minutes face captures the thinkorswim flair we are in Chicago downtown which actually is the epitome of thinkorswim we're just a little bit on the edge great thanks as a reporter you know it's good I think that we're gonna have it right after two o'clock wednesday at the batista because he told me about my first 1987 the CBOE and I've been in a penetrating my entire life I was there an eighty-seven the trade all through 2000 the tech bubble I left the trading floor and 2005 now what they could swim instructor how can we take advantage of it was defined risk around the country telling customers like they should use our trading platform showing how they can trade clearly everybody he captures our customers attention and he knows how to walk someone through trade you make money on both sides but he's buying the future telling somebody else to write to buy it at a higher price majority of customers who are taking control of their own IRA accounts they've had it with a brokerage firm that are not getting the return on their money that they want anywhere in between the price he bought the future and above where he sold the option he makes money both ways you can learn to trade training is instant gratification and instant pain if you can take the pain June 13 at the ticker symbol for the S&P 500 it's a real good benchmark the top 500 stocks and the USA mi pit we trade options against those it's our biggest product down here it's a big money maker for the CBOE it's their product that's not trade it anywhere also traded right here how many people do you know they stand in a one and a half foot square area for seven and a half hours every day of their life cocaine eighty-foot Square area on the ground and standard for seven and a half hours I don't think too many people can do it shoulder-to-shoulder I drop something on the floor in the pit I can't even bend down to pick it up because I'd be pushing a person in front of me so it's even hard sometimes sitting around just bump into people you don't mean to but that's just the way the 2730 that's a big fight for spots out there anytime you're a first come first serve kind of situation and you get physical things are gonna have caused by traders because the thing the spots around the rope is a very highly contested being here and being right there makes a world of a difference gonna trade with him are you going to trade with 10:19 date me being taller this guy's head is going to come up here and he's gonna be only a broker here that's not going to see him so I mean that's just part of the territory a foot in this crowd could make a difference between a good career and a different as much as you think you got twenty things that you're listening to touch on and finish today you know ya get through 427 on your list report that we were looking at today is really a bottom-line the customer getting how much are they treating the numbers look at if you are a lot and then you stopped trading your not stopping trading because you've made too much money people trade because the successful and we can tell by our growth how well our customers are doing the accrual accounting reports I just need the position reports in Italy its pristine a lot of things you pull some files off the FTP site for just keep me up to date while you're awesome thats report ready to go with a pretty laid back and lots of the thinkorswim going up to have a drink we work hard really hard but we play hard to me on expiration friday bottles of wine and a symbolic toast to our customers that are going through trading expiration friday here's one piece cheers folks party for 10 to 15 minutes and everybody goes back to work Friday exploration it's all done it's all over time celebrating back to work with the downtown and a half points I said 22 minutes ago right while 13 made a prediction earlier today that the market would sell off around three o'clock fortunately as 350 in about 10 minutes to close the market just now beginning to sell off to bed even better thought you would be down 20 points without 31 thing we want to make sure that we do is we bring the best out of everyone competition does that killing me you have my doll I have a great time repeating yes my brother has been out after each other's throat is just the better of the business itself was gonna sell or not bad I didn't actually I'm actually the final numbers of just came in market just closed the final numbers just came in and actually can the market closed up two points so was he wasn't wrong you know what went down you gotta wait to all the trees said i won into the clothes in the numbers were adjusted for you too and I lost in the aftermarket that's right 5 put option I think I was born and raised here in New York and I got into this business as a result of a bubble in an agricultural market back in the mid-seventies so where are you guys I watched commodity traders who I knew nothing about making millions and millions of dollars on a runaway sugar market and it just occurred to me today we're seeing the same type of mold in crude it's a once-in-a-lifetime wall street's been very good to me I came down prompted by the sugar bubble and participated in the gold bubble several economic cycles I love it as much as the first day I came down to the street I take the bus to and from where I'm a salesman I'm on stage all the time I like to talk to people on the bus and since it originates in Midtown it's filled with madison avenue it's filled with Wall Street advertising the average net worth on the Madison Avenue bus is probably ten million dollars so I mean everybody's rich everybody's good looking you'll make contacts and connections all day long less every day down here is interesting to me just due to the fact I am one of the elder statesman out her publishing go on television but I've been on here since 1978 so I've been down here thirty years I was down here actually during the crash of 1987 he wanted a more significant differences over in the market and I'm not going to say that I took it for granted being down here up until then I mean I know it was a serious business hi money but at that time I was a broker in a crowd and I will never forget these group and I traded behind me some of the biggest traders and the crowd I took it to avoid many had tears coming out of a kind of stopped me in my tracks and I want to see two grown man to family man good guys that had just lost everything going with over there is nothing down here that has never happened that has ever made a big impression on me and it's something that has helped me along the way because it teaches you to always thinking serious you may see a smile a time you may see joking it and its proud but I think everyone almost a one-man nose and one second you better be ready to wipe that smile off and get ready to do your job because that's how quick things happen in the world I mean I've waiting to children and I take pride in providing for them so it's my motivating factor I'm not going to let that happen I passed out guys breaking his life insurance got his wife families little bit nervous but all the stress and stuff give blood in a bear market I don't need a retest

Channel: Wall Street Insider

Views: 630,471

Rating: 4.8610897 out of 5

Keywords: Wall Street Warriors, Stock Trading, Wall Street, Floor Trading, Money, Think or Swim, VIX, Options Trader, Stock Brokers, Reality TV, Documentary, Wall Street Documentary, Capitalism, Stock Exchange, Bear Market, 2008 Meltdown, The Great Recession, sub-prime crisis, Hedge Fund, Stock Broker, panic trading, greed, Manhattan, Chicago Financial District

Id: -pL0SQutfYA

Length: 24min 33sec (1473 seconds)

Published: Thu Mar 10 2016

Reddit Comments

[u/[deleted]]

We didn't get the great recession. They kicked that can down the road. We're now about to get the great recession. Watch, wait and see...

[u/angelus97]

Yeah this has some of the people from Tastytrade.

[u/toosinbeymen]

This “documentary” is simply an ad for wall st. Nothing more. Pure hype.

[u/Jazz-Mojo]

This is Season 3 though.

Pretty sure he has the other two on his channel.

There's some good traders but also some proper clowns on this show.