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I watched this series (two seasons before canceled) and enjoyed it. It's not that it's a great series, but just that I could relate to some of it. These guys are living HUGE in Manhattan so I couldn't relate to that, but I could to the trading aspect.
So if you have Netflix, I recommend you add to queue!
Yeah, I watched that show when it was on the Mojo TV network. The guy that traded penny stocks (Tim Sykes, first season) was probably the most entertaining to watch as he was probably the most volatile of the bunch. He's now got a "I'll teach you to get rich" site as well. He basically follows pump-and-dump spam email that pump up penny stocks then shorts them after they've had a big run.
In the 2nd season I liked the guy that traded OJ futures, interesting insight into the pits. The 20-something hedge fund manager was hard to relate to: so young, so much success, I wonder what his actual performance was. With the Ferrari, weekend polo matches in the Hamptons and all of the socialite hob-nobbing he did you'd think he must be killing it, but who knows. I guess anybody with millions under management and collecting a 2% mgt fee can do pretty well.
Also, the guys that put all of their clients into SanDisk...oh man, what a bunch of chumps, those guys must have been deported from Wall Street by now.
I also watched both seasons on Mojo network. The show was entertaining and it shows a lot of different aspects of what each person deals with on a day to day basis. Tim was a character and the hedge fund guy that drove the Ferrari probably rents it for the day just to be seen driving it for the show. He invested a lot in banks back then, so I wonder what happened to his fund the last 6-8 months. Kaboom! The most interesting character was the girl from NYU who joined the trading arcade. I think she was trading Forex from what I remember. I think everyone starting out goes through what she went through on the show. I think in the end she couldn't hang.
Yeah, the 1/2 French, 1/2 German NYU grad. Yeah, she was trained to prop trade for a trading shop, then bolted to go trade forex for some firm. Either way, she wasn't fit for trading. She should probably be a research analyst or an advisor at your neighborhood Fidelity branch.
The hedge fund kid was too much. If he did own that car the monthly car payment probably cost more than his apartment rent. He was definitely all about looking the part and execu-schmoozing.
