Shia LaBeouf, Wall Street 2 Jimmy Kimmel Interview, Schwab Training and People Busted For Insider Trading On Twitter

Hat tip to MissTrade for the video.  Actor Shia LaBeouf was on Jimmy Kimmel discussing his new movie Wall Street 2: Money Never Sleeps (international movie trailer and teaser trailer). The most interesting part of the interview was when he talked about training at a Schwab office in Encino.  He was training to be a proprietary trader in the movie. With help from others, LaBeouf said he turned $20,000 into $489,000 and 4 of the 9 guys he was training with went to jail for insider trading on Twitter!


Comments

  1. If he made that much and didn't ring the register, he is about to become a "seasoned" trader.

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  2. I've quintupled my money in two weeks and then burned all those profits over two months, I think it has a lot to do with perspective. If I were getting a two million dollar paycheck and was playing with a small % of that as research, would I have been able to keep going with that streak? After all, all I needed was another two weeks of similar performance and I would have done 24x in a month. It's all subjective man. Funny story, I actually lost my job (last job) the day that my streak ended.

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  3. 20k to 489k he must've been levering up like crazy...

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  4. I remember you commented on the post where I embeded the pic of that trade, the first major correction back in late Oct. Pretty tight entries, right near the top of the range fading a break-out, and then holding for a few days of chop before a few days of tumble. Those positions filled my margin up, a 50:1 margin, and I added on a bit as my unrealized profits gave me credit to do more. That's the most leverage I've ever used and will ever use, and that's how you do those kind of results. That alone just did me maybe 200%, but I then used the NAV to margin up a nice hedge with gold (bought at 1029, wish I held that fucker) and then a double-down the next day, and then a cover and a buy near the bottom, so 4 trades, max. margin, over a week and some change. That's how you do that.

    Now I'm quite happy risking 1.5% and making 1.5-20%.

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  5. Cash on the Distressed Volatility balance sheet needs to be put to work, how about the trading trophies hedge fund, 2/20?

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