Floor Trader lost $900k+ he says over the OJ crop report going against him. Prop Trader Lady is finished her training period The young Hedge Fund guy checks out opportunities in Connecticut. The young guy seems more staged and less real. The two Stock Brokers were absent this episode. Maybe Sandisk tanked for this tapping
He handled that very well. In front of the cameras and under pressure.... I have respect for that type of character, I wish him success. Seeing that also helped put my trading into perspective - i.e. everyone (even the big boys) takes losses and it's okay, very much a part of this buisness. Personally, as my average position size has grown a lot over the last year, a 5 figure loss is now a standard thing... The first time it happened I was pretty sick over it, now it doesn't mean much at all (still bothersome but it doesn't make me physically ill anymore). One has to take it in stride and build up the threshold slowly. Anyhow, it was neat to see a pro handle that situation, it definetly re-inforced some of my beliefs about the mindset required to trade size. Mike
something must be wrong with my browsers i have been checking everyday and today is the first time I seen it.
That guy must've been short boatloads of gamma into that report. Did you see the look on his face when he learned the number of oj boxes was 200 million? Brutal.
I guess they ran out of good scenes to re-enact from Boiler Room. That was painful to watch. They should be embarrassed that was aired on national TV.
uh....decent prop shops are pretty much the same as pit traders being on seat leases or groups down on the floor. We're just trying to find good opportuinities like anyone else. I don't think you can group boiler rooms and prop shops together.