Billion Dollar Day 1985
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- Опубликовано: 19 мар 2013
- "Commercial Breaks filmed round the clock in London, New York and Hong Kong as three men gambled on which way the dollar would turn...."
The day in question was 4th June 1985, with the programme being aired on BBC 2 some weeks later. This 'landmark' documentary is now available in its entirety in high quality! 
Развлечения
We watched this in my college econ class in 2002. As it was ending, the prof said, They must've cut the footage of everyone doing coke. 🙃
That pen flipping at 8:50 is fucking boss
One of the benefits of taking NZT
if you think thats boss you've never been in a taiwanese middle school
Compare it to the dits pen flipping at 27:30 🤣🤣🤣🤣
I don't even think he knows he's doing it
@@ericmetts2289can I go on break now
8:50 Institutional pen flips
27:32 Retail pen flips
Lol
Lololol. You can feel the disappointment through the screen
😂😂😂😂😂
Omg hahah true af
hahah that was awesome catch man!
40 years on it'd be interesting to see if those three guys are still around. I've been in this business nearly 15 years and it eats people alive. This is also a great example of how documentaries used to be made and aimed at intelligent people, with none of the phoney 'drama' and dramatic music they have today.
What types of securities do you trade?
@@manuelmanuel3968 I don't, I am on the software side, but I see what it does to people!
Totally agree on how documentaries are made these days
So I guess I’m a kid relatively speaking (mid 20s) and I’ve been working on trading algos for a while but I’m just wondering if you have any tips for what I can do to avoid getting “eaten alive” by this industry. Thanks for any insights you can share.
So I guess I’m a kid relatively speaking (mid 20s) and I’ve been working on trading algos for a while but I’m just wondering if you have any tips for what I can do to avoid getting “eaten alive” by this industry. Thanks for any insights you can share.
Not a single chart in sight, just pure price action. Incredible really. Looks super complicated.
You can still trade price action using charts though.
@@unknownsolza of course. And you should.
The difference is that their purchases could move the price
@@sbtopjosh4098 cuz they go in with millions of dollars
@@Siegefya price action traders unite
Shows the diversity of approach - London guy taking 3 pips profit in 3 minutes, Hong Kong guy holding for several hours, New York guy happy to hold overnight if necessary.
*30 pips
this is the most 80s thing ive ever seen
the chav hell yeah boy
The Good Old Days!!
Yeah, smoking inside the office 🤣
I'd like a ticket back there please, the 90's would also be acceptable.
Yep. Touch screens. Very 1980s.
(3:30)
Oh the good old days😊 You could smoke a cigarette on your desk while the computer beeped.
"He's got no ego. If it's wrong, he knows it's wrong and he'll cut out. That's why he's so good."
No Ls Just Lessons 💯🔥
The beauty of this is the amount of insider trading that went on 😂😂
Phone calls to give heads up about trades and moves 😂
It did look like the Russian was using some kind of code, prompting Richard to buy 35 million GBPs.
Why would you ask others for a range when you can see it on the screen? Seemed more like a heads up "hey we're gonna buy, you should also". They promptly sold what they bought. It couldn't have been planned better.
Watch this quite often. So well done. Always wish it was longer.
And today
Retail traders get emotional not realising they only make money if they only they are on the right side of the market movers like these guys
It’s not your methodology that shifts the market. Important to learn the game
It’s beautiful when you master the psychology and understand how the machine works and who moves it
When retail traders become the market movers robinhood and friends haults trading for the day.
@@willytodd2750 retail traders don’t move the markets
But they do contribute to the larger collection of market movement caused by the big players
Yes
Contribute not move. Most retail traders believe when they win its because their strategy was right. Huge error in thinking
But that’s because the so called internet trading gurus make the traders believe it’s all about the system
they thought they were at the cutting edge of technology lol.. in the same way as we think we are at the moment.
fascinating huh, so imagine what its gonna look like in 50 years.
They were though. The cutting edge is time sensitive
A touchscreen!? O_o I am impressed
Ha, I thought the same thing.
Yup, they were since the 60s on the British air force, I'm impressed about the smart phone exchange rate thingy
I didn't know touch screen technology existed back in 1985. (3:40)
In finance, but definitely couldn't withstand this level of alertness. Much respect and admiration. I especially liked William in HK. There was a sort of intense grace and timing with which he co-opted his buddies.
He made 1800 three percent of 20k. Divided out by 3 partners. His salary is 25,000 so that is a nice rip. Amazing how things were back in 1985.
Now I know the phrase “ Don’t Trade against the trend “ you are competing with banks and very smart guys. I won’t try to outsmart the market 🤣
“Not much of a trend, so I’ll likely just play the market out of peoples’ positions, take a little profit out of it” - incredible
Nothing but pure price activity is shown, not a single chart. Really amazing. Looks quite difficult.
This whole thing oozes 80s aesthetic.
8.50 all the excitement is the selling of millions of pounds. I'm more impressed by that dude continually flicking his pen and catching it without looking.
Fascinating. Truly better than most of the crap they are making in Hollywood these days.
Not really though.
@@weichei8204 Hollywood pumps pure fincrap.
@@elihernandez330 just came to this comment
Imagine being able to drive around empty streets in the City of London and just park your car on the road!
Fantastic documentary, very entertaining
Total recall. Was in dealing rooms during the 80’s. The mood was electric. All very real Brings back memories.
You were living the Gordon Gecko life..
It was similar to this even as recently as 2010- loved it most days but hated when lost for the day! Awesome memories
8:51 that’s some serious pen flipping skills
Wondering how a video about todays trading would look like, compared to this one, and how many people will watch it in +40years calling it "super retro cool" and "how they miss the good old time" ;-)
im more impressed by the pen flipper
Good one...thanks!
Now we can sit at home and do this with our own accounts anywhere in th world
pretty amazing
Instant gratification becomes mundane. The trading floor was where it was at
I love this, as a very specific and visceral slice of the 80’s. I love how the British fellow somewhat resembles Christian Bale, the era and vibe of American Psycho. Also love the glimpe of a future TEXTING WHILE DRIVING epidemic, checking his ticker between gears down the county road. And my goodness the chain smoking!!! Thanks for posting!
Mind you: the character in the book is a mimic of the 80s Wall Street types (except of course “that kind” he liked to do during his spare time).
Love these films
When this programme first aired it was promoted with free shoulder pads and a Phil Collins LP.
Interesting
Crazy to think this was 150 years ago
lol
Less than 100 years ago
How high are you
@@dac8939lmao less than 40
You clearly have a give for numbers
I really like this video.
This was 10 years before I was born.
Today, I am a trader. So proud.
Was thinking the same thing. It’s amazing the change and how technology has revolutionised it for the smaller retailer traders. We have no where near the power of these individuals but it’s amazing to see the difference
What u use price action
🤣🤣🤣
old but gold :)
This was excellent.
8:49
Can we all acknowlege the fact this GUY CAN FLIP A PEN LIKE THAT!!!!
23:43 These guys showed us why we should stay away from news when trading 😂
My favorite movie 👍, about trading.
Amazing😊
Just watching the way the markets worked then is addictive.
“Don’t get mad. Get even.”
So true
Anymore docummentals that youd recommend to learn more about the market ?
who watching this in 2020?!
Absolutely 💯
11:30 not an economic scholar but a financial athlete
lol the old days, now you can do all this and more on a small $150 smartphone and without having to call anyone
People had to pick up a phone every time they wanted to check on the price, buy news paper and watch the news on TV in order to know what is happening, and we are here getting all of that information live in one simple application on a computer doing our trades while eating popcorn lol. Wonder what these guys could have done with today's format.
We are the lucky ones ngl lmao
Nothing. Today's market is full of automation no human could compete with it.
This is awesome, I wish they made a 2017 verison of this. The differences would be crazy to see
These jobs no longer exist, it's all algorithms.
Mikey, it would just be a trading bot doing it's thing.
These jobs still exist in title, but their job is not trading, but overlooking the robots to make sure they do not do anything stupid, market making and risk management.
@@Extys Guys like me build them :)
@@tman32 Are you a data scientist specialized in the Forex?
Fantastic
amazing 🎉
I'm amused that even the Soviets were engaging in currency speculation!
They also needed FX for foreign trade.
Yes, and we mooved the usd/deutch mark for 4-5% a day. The nickname was " Redman"....)))
@@ozzy6858 👀 so interesting, got any more stories about those days?
Yeah at the same time it was illegal to buy and sell currencies for common people
@@igorbelov7428 Only the Soviet state was allowed to trade currencies?
William must have got some slack for being late, the day you're being filmed too! I'd have been there 30mins early😅
Legend has it the guys in HK are still flipping their pens.
17:35 You really do gotta light up for this job. I felt the need to just watching this lol.
What a wicked documentary. Abit like Trading places but real life. That W. Wong is a very very clever guy....Once a dealer always a dealer and beats the market lol
There was touch screen in the 80’s 🤯
All the way back to 1965
11:42 "...and with that swipe of the cloth, she just made twenty five and a half thousand dollars."
Old is gold... market is still the same till this day
11:34 what a Chad. Walks in like he owns the place, I'm jealous.
best video on you tube, that time tech is superb touch screen pager mobile car waw
Now you can do all this from your smartphone. How times have changed.
I was thinking the same thing!
i mean not really? can't exactly shift institutional size trades (multiple millions) on a smart phone.
@@pdiddyprof Hypothetically you can, depends what brokerage
@@pdiddyprof with high leaverage anything is possible.
13min10sec “Doesn’t look like there’s much of a trend at the moment so we’ll just play the market based on people’s positions. Take a bit of profit out of it” (Presumably the other institutions massive orders that they can see? The order book?)
“They could be buying a little to push the price up before selling a lot” well there we have it gentlemen, the institutions that bust across our retail tight stops. Brilliant docco this one.
8:50 now THAT is a pen flip
Touch screen in 1985. I feel cheated. No wonder there was an accident in Roswell
Sat on a certificate of deposit dealing desk in 1987-88. We had phones, pencil, paper, and bank CD rates on whiteboards. Different times for sure.
0:41 thousands of dozens thanks for this video
I was working in the currency futures pits at the CME at that time. The atmosphere was electric. Every month when the government would release the merchandise trade balance figures the place went absolutely bananas.
It was like the Wild Wild West with all the old robber barons trading in the livestock pits and all the hot shot young guns trading currencies. It was marvelous
I thought pits are closed
@@prathmeshyadav4914 The old Eurodollar Options pit is still open. As of about two weeks ago they're trading a different contract in that pit. I don't know what they call it now but the last euro-dollar contract traded two or three Fridays ago
@@charlesandrews2360 I did MSc financial mathematics quite a few years ago but never got into trading. Worked in investment management for quite a while and now want to do some option trading in my own account. Is it true 95% lose money (retail traders?). Any tips to start out or not worth it?
Look How far we have come to the point of single person clicking button on a screen.
@@dac8939im a day traders my self doing it for 8years now all i can say is absolutely only 5% are profitable because you really have to be exceptional human to be consistent and deciplined that's where the problem for most people is
I wonder if these guys survived black monday, only 2 years away in 87
Hong Kong's buccaneering days are still going... and people have gotten more ruthless with making money.
15:14 boss looks like the boss from 25th hour trading scene 😆
True. 😀
Where's Richard Hill these days?
Grimace at 17:48 is coz he bought (hand signal ‘mine’) expecting a 63 offer not the 58-68 quoted
So fulfilling to watch
Nick Leeson loved this documentary
Yikes!
Absolutely great video. I have adopted several of their strategies into my automated trading program and what a difference it makes.
To summarized this video of who were the biggest winners and losers since there are only 3 players, the biggest winner was the London trader, 2nd Hong Kong and 3rd American. Thanks!
8:50
anyone know what happened to the 3 fellas in the film long term?
Thank you for posting this video. I used to have a cc when it was originally published back in the 80's but it was accidentally recorded over. Times have changed a lot with computers and the internet.
Just fantasised about going back in time and wiping all these guys out with a modern laptop. Imagine having to call up some guy to make a trade, they didn't even have charts!
Life before smartphones... how interesting
Wow 750 million traded for a 100,000 gain. Nuts just 1 or cents up or down. Luv it l. Just shows you how hard it is to make money in any market. So many players
That's what Livermore was master at...pricing the moviment.
Interesting video. Wonder what Richard, William and Ronnie are doing now.
Amazing , seeing him drive into London with hardly anyone around ?? Krikes he COULD NOT do that now LOL
Thanks for uploading this.
12:23 "order was created"
15:46 "f*ck the stop loss" xD
11:25 ...6 am London was so dead in the 80s
Brokers dealers and distributors are essential for formidable ground operatives. Coding branding and scaling are marketable tools for check and balance systems operations.
This must have been taken at the old Bishopsgate trading office.
WOW!!!! Thats the best copy I ever see!! Do you have access to the original ?
+ForexOracle The source was an original off-air VHS recording.
+TheCoOrdinator WOW,Thats cool!! As a retail forex trader I'm fascinated with this video. I got to know Rony Schlapfer from the video personally, thanks to researches I did about this video. Again great copy thanks for posting.
The davos license plate 😂
Great!
So '80's!
The insanity. This is a huge bank trading 5 million a pop in currency. I trade 1 million from my small retail account!
Back then no leverage
Technology really simplified modern day brokerage firms from redundancies
15:45. Didn't know Paul McCartney was a trader.
The margins were huge.
Can someone recommend me more of this documental to learn more on how the market used to be trade before tradingview