T2W Trading Community

2 of 3 members found the following review helpful:

True to Liffe
7/10
Not much I can say about the film itself that hasn't already been covered. But worth checking out for the pit scenes alone. They're pretty true to life (at least as far as my limited experiences on the Liffe floor on the late 90s goes), and indeed most of the extras were pulled from that very floor.

The film itself follows almost to the letter Leeson's own account of events, and as such is naturally going to have a certain slant on it. But worth the rental price for a look at a world (pit based trading) that many members of the T2W community will not get to experience any other way.

1 of 3 members found the following review helpful:

a film about bad trader
4/10
according to all criteria Leeson was amateur trader (bad one). There is no single skill that can approve that he was professional. What is fascinating (if) is how ignorant and pompous those financial institutions can be. It can only teach us, trust really nobody, however high his rank is, but only yourself and waht you see on chart.

5 of 5 members found the following review helpful:

Emotion
7/10
I love this film because it reminds me exactly the of emotions of greed and fear that a trader has to go through and handle in his career. The feelings of elation as the Nikkei closes at 19000 when Leeson makes back all his losses and then some and the sick feeling in his stomach as he looks himself in the bathroom mirror on the day he has lost over $50m in one day are particularly poignant! I really do believe that a trader who wants to become a long-distance runner has to experience the totally sick feeling of losing more than 50% of their account at LEAST once before they learn respect for the markets and stringent money management. Me, I had to lose more than 75% of my account 3 times.
I reckon the 2nd hardest thing to control is the elation of winning and the overconfidence it creates. I have been crushed by overconfidence just as many times as I have nearly lost all my money!

0 of 2 members found the following review helpful:

Only on rental
5/10
I knew 90% of the staff that worked under this infamous rogue. I also worked in Singapore at around the same time , and so the scenes were all too familiar to me .

The film itself is not very good and don't watch it unless it's on TV or maybe a rental if you have nothing better to do .

The book is slightly better in that for us traders it reveals a lot of the details of his con .

But don't but it new , many copies are available in bargain basement / second hand.

Bottom line , the guy was a loser from the start , he dug his own grave and deserved what he got.

A lesson or leeson in how not to let your fantasies take over your life.

2 of 2 members found the following review helpful:

worth watching
7/10
while since I saw this film, but from what I recall this film is a bit dated now - check out the brick mobile phones! and the story is a bit dry in spots, but generally its quite well put together and interesting.

There is one part before the whole thing blows up for him where Nick is coming to peices and he's sat discussing his losses with his friend and the guy is just shaking from stress.. pretty realistic, I could relate to that if I'd just lost a billion!