Wall Street Warriors | Episode 5 Season 1 "Written in the Stars" [HD]

Episode 5 "Written in the Stars"
Is a profitable day in the stars? Sandra meets with a financial astrologer, but talk soon turns to her personal life. Alex explains his own strategies for breaking and re-grouping while Ted, an experienced floor trader, reflects on the Stock Exchange's significance.

TRANSCRIPT:
TIM SYKES (Start-Up Hedge Fund):
Take it! Take it! $50 bucks! Come on, take it out! Aagghh. 2 cents. Boom and I’m out. That was close and I made $20 bucks. 9:49. It’s been 19 minutes since the market has opened. So far I have made $715 dollars for the day. My best day I made just around $350,000. I remember just sitting around in my room for quite a while digesting it to make sure that it was real. Uh, my worst day was down $180,000. Hello. Yeah, that sounds good. Tonight I throwing a big ass roof top party, you know. I invited about 100 people. We’ll see how many people actually show up. Hopefully it turns into a girls gone wild video. There it goes. No it’s fading a little bit. I’m kind of long biased on this stock all day today. I’m going go by it on weakness because I think others will buy it on weakness so since it’s a self-fulfilling prophecy, others are buying it on weakness, I’m buying it on weakness, it’ll bounce a lot. I’m expecting big things today. No. Maybe not a $100,000 day but maybe up to $10,000 or $20,000.
Long Biased: believing the price of a stock will rise over time
TED WEISBERG (Floor Trader):
My name is Ted Weisberg. My job description is one of floor trader where I have been on the trading floor of the New York Stock Exchange for 38 years. I never thought when I was 29 years old that I’d still be there when I was 66. The stock market or the stock exchange is a giant auction market where buyers and sellers meet. Companies sell stock to raise capital so they can grow and expand their businesses. The stocks themselves are literally pieces of paper that represent ownership in those companies and the companies sell the stock to the public to raise the money to run their businesses and the stocks will go up and down as a direct reflection on a company’s ability to, in fact, put that capital to good use. There are many facets of the stock exchange that I think are extremely important to the investing public. #1 is visibility. There is the tape which we take for granted which basically records every transaction that’s taking place on the trading floor and that tape that you see in California or New York is the same tape that you would see in Hong Kong or Auckland, New Zealand. So transparency I think is key to investory confidence. You might not like the price, but you can see the price.
ALEX GERCHIK (Day Trader):
(Russian talk)
In Russia it is considered good luck to surround yourself with money
ALEX:
I grew up in Russia. I came to the states. I got my driver’s license, started driving a cab and in 1995, I decided to go on Wall Street. I was a stock broker for a few months. I didn’t really like it and then I went into a day trading business which I actually fell in love with first day I went to the office. Day trading is considered to be a person who does more than 100 trades a month. We probably do 500 to 1,000 trades a day so we consider ourselves a professional day trader. There’s maybe 10,000 like we are. Always know when to get in. Always know when to get out. I think personally, a lot of people cannot succeed in this business because they are not disciplined enough.
ALEX:
So, today I’m going to trade from our downtown office. I have two of them, midtown and downtown. In the eleven years that I’ve been in the day trading business, I would say that I do know a lot of information. We take this chart. It’s a gold chart. I cannot say that I would be too smart and short it right there. It would be a reason for it. But I know one thing for a fact, when the gold collapses and its big. This is a 25% downside, somewhere in this area, I would just be ready to buy. I would be ready to buy. Yep, yeah, what’s up? When you spend 11 years, every single day, 252 trading days a year, you’re going to start to understand what’s really going on. Atleast you’re going to have a feel for it. Good luck to you, too.
SANDRA NAVIDI (Lawyer/Deal Maker):
I’m kind of in between appointments and I’m going to see a financial astrologer. I have no clue what to expect and I’m a little bit skeptical.
HENRY WEINGARTEN (Financial Astrologer):
Hi Sandra, how are you doing?
SANDRA:
Hi, nice to see you again.
HENRY:
Glad you made it. Come on inside.
HENRY:
I was a professional astrologer since 1967 and then I started coming into the markets October 20, 1987 because we know about the stock market crash a year in advance. A – we’re good at what we do.

Видео Wall Street Warriors | Episode 5 Season 1 "Written in the Stars" [HD] канала Wall Street Insider