5 must-see movies and documentaries for day traders

Few movies capture the essence of the life of a day trader. The pressure to walk a tightrope between profit and imminent loss rarely appears in mainstream movies.

Although movies such as “Wall Street” and “Boiler Room” beautify the lifestyle of accumulating wealth in any necessary way, they do not capture the essence of actual transactions in the trenches. But these five movies illustrate the important lessons that every trader can learn to learn more about his career.

Key points

  • It is a good idea to keep abreast of the financial world in order to make informed trading decisions and understand the economic landscape that may affect your investment.
  • Although many of us are familiar with big-budget movies that portray high-end financial lifestyles such as “Wall Street” or “Big Short”, there are better movies to understand the real lives of traders.
  • Here, we have listed 5 movies that deal with certain aspects of finance or the market, which every trader should watch at some point.

1. “Fillet”: Money management and discovery of recession

This movie is a favorite of poker players, and it reflects the similarities that exist between playing poker and trading markets. These two main characters literally represent two aspects of the psychology of every trader. The style contrast between “Grinder” and denim and the influence of these styles are reflected throughout the movie. Finding “telling” in poker is similar to finding “fading” in trading to determine the true order flow pressure behind price action. “You will not lose what you did not put in the pot” also resonates in trading and poker.

2. “Revolver”: strategy, transparency, lateral thinking and self

The tactical application of chess strategy throughout the film emphasizes how lateral thinking is used to decipher transparency. The greatest enemy is hidden in the place where you least doubt it: the ego. Deliberately acting weak to conceal strength, and vice versa is the engine behind price behavior. Traders can recognize how similar the trading strategy is to the chess strategy. Few on the surface are real intentions. This reflects the mentality of experienced traders.

3. “Rogue Trader”: Stop Loss

This movie is a cautionary tale of trader Nick Leeson, who went bankrupt in 1995 after accumulating $1.3 billion in hidden trading losses. The film initially captured the excitement of turning a huge loss into an equally huge victory. In the end, this false confidence led to the collapse of England’s oldest banking institution. This movie describes the consequences of adding a complete lack of trade management to losing positions. Any trader who has a liquidated position can prove that making money desperately will never win. This timeless reminder resonates throughout the film, as it places the audience in the cockpit of a racing car speeding over a cliff. Traders can recognize all signs of an impending blowout. A well-managed stop loss is better than a poorly managed victory.

4. “Two for money”: complacency, humility and preparation

This film covers the journey of a sports handicapped person in the sports betting field from scratch. Traders may think of the euphoria of over-leveraged victory, and the numbness of unbelief after huge losses. This cautionary story describes the nature of how consecutive wins behave as larger consecutive losses, because complacency creates blind spots in the psychology of traders.

5. “Landing”: the emotional ups and downs of trading

This documentary captures all the ups and downs of traders moving from the trenches of trading pits to electronic trading screens. The impact of the electronic trading revolution on old-school floor traders is clearly depicted. Their enthusiasm and stubbornness speaks to their downfall. Adapting or being eliminated is the universal theme of this movie, much like the market. Candid interviews with successful and troubled traders provide rare insights into the industry’s impact on lifestyle, family, and overall psychology. Traders will be inspired by many aspects of this movie, it really captures the essence of trading for a living.

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