Million Dollar Traders follows a group of twelve wannabe traders dealing in shares during the events of the financial crisis of 2007-2009 which was then whittled down to the final eight. The contestants came from various backgrounds, including a fight promoter, a day trader, an IT/banking recruitment consultant, a working mother, a retired IT engineer and a student, among others. During the series hedge fund manager Lex van Dam gave the contestants £1 million of his own money to trade for 2 months. Professional trader Anton Kreil, was appointed as the manager of the group.
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I rewatched this series recently, and it’s wild how well it holds up. The timing of filming this right as the 2008 financial crisis hit was pure documentary gold. It really shows how much of trading is just raw emotional discipline rather than just math. I thought about this show the other day when I was trying to cancel a sketchy online subscription that kept charging me and was looking up Mobe complaints to see how others got their money back.
What was telling was that the left-winger environmentalist knows that he was a loser going in. He knew he wasn’t going to be good at it.
I firmly believe there are natural born losers that come to grips they will never succeed in a capitalist society. They substitute that harsh feeling of their own brutal honesty by clinging to the hope of a socialist state one day. Obviously most left-wingers don’t feel this way or for that matter aren’t productive citizens but this documentary has convinced me there is a good chunnk of left-wingers that do feel this way.