Online Stock Trading - Million Dollar Traders Episode 3
Million Dollar Traders the programme devised by Lex Van Dam in which total beginners were given $1 million and let loose on the stockmarket, is finished but there is talk of another series being done. Episode 3 was a bit of a disappointment to tell the truth, focussing too much on emotional reactions for my liking and not enough on actual share trading and the mechanics of investing in stocks and shares.Mr Van Dam's aim was to see if complete beginners could trade on the stockmarket as well as the professionals and given that the 3 that were left at the end (3 of the team walked out apparently in sympathy with Cleo when she was given the order of the boot by the evil Lex Van Dam - that's a joke by the way) managed to achieve a loss of only 2.4% in two months compared to an average loss of 5% by professional hedge funds, then it would seem that Mr Van Dam got the proof he required.
For the next experiment I suggest employing a trusty pin and a copy of the Financial Times. It might turn out that expensive professionals are not rquired at all.
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