Wall Street Warriors (2006–…): Season 1, Episode 2 - Closing the Deal - full transcript

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wall street takes the brightest people
and smashes into the pavement

on a regular basis there's only one

bottom line on wall street and the
bottom line is how much money you make

like enough lost all day long with your
enemies I've seen many people

the plus the blows over transaction of

greenish ugly make as much money as you
can

so that you can get out of there before
turned to the dark side

do

do

dude



wall streeters all about greed the worst

of human emotion Jan just not a good
place to be

but it's great to try and make some
money

you know this capitalist I started my
own have to consider your college

mark self-declared I work at my
apartment

I commute from my bedroom my living room

I can do this pretty much from anywhere
I have an internet connection

back in 1999 stock market is going
pretty crazy I was in high school

apparently me thirteen thousand dollars
and I've done this for money put into it

discount online brokerage and I turned
that 13,000

into a fully automated protection 1.69

it all happened freshman year in college
I pretty much made a million dollars in

five months

that



old waking up in my dorm room in about
20 granted today

it almost was a real comfortable you'll
get insights as a traitor that I've been

reading about over the years I've had my
I'll

as a two-lane yes of larger lost as for
another storm

all I know about his trading styles his
pedigree

sparks you wash it so I have 2039 about
I'm 25

looking for suspects because I haven't
got any even though I've been doing this

eight years

people so don't really take me seriously
its fine

I i doing another 50 years 929

the market is about you open various
9:30

good

1

do it you know shorter I

unusual markets so long fifteen-point

no rolled no good reason 12

Stockton under pressures are delighted
by sight when you're not here

yet market is open everything's going
haywire

this is all the buyers and sellers
everyone she panicking Turkish

patch right now be crazy day

what 4800 K

haywire Obama other specialist

had a managing director for operations
to call a special

before the effects of 27 churchhouse
trace go another couple hundred

shipboard

some the best effort like going on might
have a cure my rightful monitoring

much walls twelve different securities
right out of

about 12 percent on the day with some
news this morning after shot portion in

the markets are down right now because
the

the plot discover to

bomb the Holland Tunnel work should not
happy

for she's not happy at all there's a lot
of things

to be worried about it's not a time to
run it by

the typical you don't wanna well

one mistake to undo everything just done
much

so will be playing it close to the vest

Perry surely just love this year

areas we have a four so requires a lot
of attention

really what we're doing is we're were
were helping to transition price polls

both of and that me

the american stock exchange you look at
the structure the building force behind

us are high in the air

that's where the clerks used to lean
over and with hand signals

deliver orders to the brokers on the
trading floor long before we have cell

phones down here

and the reason we used to do that is
because that's what we're used to wear

outside on the street

the court judge to hang out the windows
in the building surrounding Wall Street

area

finished ahead single waterson brokers
or standing hooo

those brokers were most web post a
lamppost for different securities were

traded

finally in 1921 we decided to build a
building

movement or stay at the elements this is
the building should behind us

but

I'm in the post to shove closing a loan
fund target gonna be 500 million dollars

forgetting the marketing materials
shocked special client

and seeing possibly how much they will
commit going to create a major headache

for me today

because all week and Elena posted her
left eye which is

documents that where necessary to be
able to close

today and if we kept closed today for
quite a while feel

dovish how much you can do

yourself you have to rely on outside
service providers such as

lawyers and auditors that's very
important that everybody

with a program that is on track hmm

I'm usually on the road about work by
5:30 and I'm in the city by seven

was a lot to do a lot to get ready for
like to know

all the positions I'd like to know
what's going on in the world what

happened overnight

market opens up at 9:30

at from there on in my day is filled
with just almost to the things

I for someone else you missed it

salt salt kickoff to the way transaction
takes place

sitting at home you decide you wanna buy
security you call up your broker

say I want to buy the stock that book
award said call

is representative of construction the
focus will take your

from the cells left he will take that to
what they call special schools

it's released at all that's a central
location all the transactions take place

this particular security both watched by
the stock

okay the offer for the price someone is
willing

cell at the lowest possible but he was
walking around the aisles a

family-focused

trade the guys by the post are the
specials

the one channeling your fault solar

traffic cop auctioneer and trader

all what smartest shorted

2100 shares stock letting it all go down

597 right now 590

a short shelf small cap and microcap
equities

this is the chart the stock complaint
you can see me

this is out the past 10 days should and
I think official here when

a newsletter promoted but its school
news

after I did on my research last night
I've come to the conclusion that the

stock is going down

big today it's shocking about to break
out

it's going baby can be a damn good short
later market times at

10:58 a.m. I could keep going higher

or my guest and the day question that
five dollars and sixty Schatz

smile strategy is trying to find the
stocks that shouldn't be hot and this

I believe this one at that shorting

so mysterious I know I had fun so if you
wanna short so I had fun

for proper measure that you know the
devil it's unpatriotic

I mean I'm betting against american
companies some rooting for them to fail

little do they know that the companies
that I'm shorting they don't deserve to

have a high stock price so I'm not a bad
guy just taking advantage

up the fact that bad guys are out when
short a stock you're you're basically

taking a deposition

on in the company and therefore in order
to take in a deposition you have to

borrow shares

from somebody who has a positive
position church actually

kind of a long I really why would you
pay

you know what tell Rob just it confuses
the hell

I would you least 3,000 just work 31 31
like

shares the worst this work is not easy
at all

you're always thinking those have to be
sick your brain takes

abounding we've had people with heart
attacks on the train for

have to be carried off so there's a high
level motion

and as i little stressed every day's a
difference

from local

great place never

so many the page so much

hey stolen I

calling tell you that I affecting

got okay

up

I'm happy right there shouldn't have
told me

as can be ready yesterday I it starts
with other people

who are relying on I'm very grand

to be quite honest with you okay but

a lotta

scarred by deadline felt like I have to
be let back a couple homemade

okay with me wat tam right im an email

and the part where they were check to
make sure that will eventually

get everything okay said he had to check
against

company right now now what I might two
thousand dollars a month fifteen dollars

I want fifty dollars I want to go

gotta get more greedy during their

she seventy outlook it's just a
beautiful

take out it's going right back up 620
meanwhile the stock is trading at

of beautiful but in the afternoon stock
does but I think it's gonna do

should fade pretty nicely slash world

is good luck every single one of my
major winning trades good with me

systemic no logo my grandmother made
this for me

I made five hundred and fifty four
dollars on the day

and she's a small scalping makers 554
dollars

I've probably traded I should eighteen
thousand shares

show trade officially a hundred thousand
dollars worth of

my capital you know I do have a big pile
of money and I do have other investors

I'm half the fun show questioner up on

I can afford the special part many more
I like to support

my goal is to build my hedge fund to get
taken seriously by the industry to show

that my strategy is viable

it's all about to have very wealthy

potential best to come over I am going
Sheila

plane just the whole strategy and this
which I

get him to get started millions over
today K

why did you have to pay right now sly

I a planning meeting mail today yes

by when planning meeting and shocked got
complected

contributed which much better long-term
road right

time make a few hundred and fifty
thousand dollars yeah for sure fire

short term trading had fun the key is
just finding small cap and microcap

center during shipping just there's
100000 small cast micro cap to do

nothing that we might see instruction
had

you know because for eight years doing
this track stock is breaking perfectly

iraqi I have to play okay

okay come here wanna 640 three-time
kahana

620 now it's stay here at 605 yes with
all

share yes check out church I'll tell

pick up chicks your day school

russian chick struck out six it hit me
what

590 because there was nothing much else
to do second the key is to buy

into that shell takeout okay

bad right now I have 24 larger shares
last

official ball at all they can click on a
guys like that

has a 128

yes I'm up 1000 style now

one other things the trips people of all
time

and training game is that once you hit
your objective you need to pull yourself

at a market in rest for a moment meeting
that all the time

we're not just simply always in the
market waiting for the opportunity

pick on a float along and try to grab it
worsening lying in wait

yes for radiators are already your

your media for you Cheryl

so he praised

gazillionaire sure you know I have with
you guys

is just to identify the rhythm at the
market at when he's and seek with the

rhythm at the market he'll just stay
with this

I work alongside with Chris Leonard my
senior trader

he is responsible for taking my decision
as to what you want to put into the book

in determining what is the most
effective way should be able to

actually perpetrated on sometimes people
who wanted by

at times it may be more prudent to buy
it over the course of the day

for over the course of several days
where Chris becomes a

for this value he is in a position to
really understand what's going on

in the marketplace you don't just buy
statuettes shortstops

which basically should be politically

focus with your officially going its
positions and

that obviously excited it's a little
hectic but

you expect do

the next I involved

it's fitting that profile straight up
yourself me up

across the board with a marxist on I'll
each for these panels these lines

columns here

divided up by the sake after the post
which one the specials

possible run in the world panels here do

7 much

yes

if someone does come to the post the
watch itself particular stock and

there's no one around by

we are specialists after bike that's the
federal obligation

we have to maintain a for all the market
we have to be

let's put our capital both sides which
by side

what cell site doesn't matter whether
it's a hundred shares were a million and

a half shares

there is no natural buying and selling
occurring all the time have a lot of

times you may have five or six fires out
here

and we're the only sell and stash be
done in an orderly fashion

until such time that we can find actual
sellers to accommodate his lies

would let me get this cleared if there's
no buyers we have to buy

the day the eighty seven crash
specialist for on the floor

try to borrow money against her
insurance policies and double and triple

mortgaged their homes

stop the market for free fall someone
needed to step in but

when no one else wanted the pot and
that's for special projects

dunno adult sucks a lot of the book

shot like she got out

dog report there are no contracture
everything is done

herbal transaction in your your word is
your bond

sold up you have to have a license
integrity survived

one other unique parts about BMX here

Sakshi many people from plus the PLO's
over transaction and then be seen at the

bar on the corner having to accept
what's up

you know it's a passion has a lot of
cash because of here South monopoly

real money guys actually through three
thousand Armada

I got course does the company have a
trade that I actually was a title to

possibly out of like I deserved it

I got a little overheated Wall Street is
a small community

everybody knows everybody it's a family
it's a tight group and its so

it's a passionate I it

for 11 Wall Street

New York Stock Exchange sure its first
worship today

for the late eighteenth century some out
didn't even exist

before then traded speculators gather
under a buttonwood tree

for the wall street trading formally
272
00:16:49,829 --> 00:16:53,170
finally got their act together sure the
New York Stock Exchange

today the exchange global capitalisation

21 trillion do

I am working with which have gone
covering new managers should have great

potential

that haven't really broken into the
market yet

my dreams to fight the key at a loss so
I'll

was doing an incredible job that no one
in the world that hurdle I explain some

other process to say and they

samp is introducing undiscovered

managers at a rate of two or three just
put forward out that she was looking for

these tights

managers everyone wants to help Sam I'll
be meeting

with first today should value a but it
would be good chance she said raising

capital for him

to be able to judge him better yet to
meet dished out

and want to hear them elaborate on their

investment which work very very specific
fund that invests

turnaround the way we play the game

we hit a homerun 10 percent time and
that means a two dollar stock on a

twenty or one of stock on 12 or 3 DOF
stock on

15 how would you describe your strategy
and how can it be

because you might think like you're
mostly wrong typically we go into the

situation

and turn around its management
management management week that on

management's and turn around

take a lot of time so we're patient but
if management doesn't perform

and we give them a lot of slack and they
don't get the job done

we get proactive week at a bar with the
company

he helped the company execute get
business plan sometimes we get control

you know we caught by the shareholders
only sorta down together

to try to get control of the company to
make things happen he's we want to make

money I'll

resist acceptable to use upset that you
had a special

after 9/11 most money managers for at
least a be

on wall street. woke up to Midtown and

Wall Street is more the chin and I I was
that whole culture and industry rather

than

a particular geographical area yes

a loss at March Air Force really busy
Celia

Shogun you gotta really concentrate
specialists are

markets or to make a could be simple
white is right

shares something really out there which
is why soul of entry ticket

you know 30 percent of what was up on
the day but

you know it's taken a good hitter 449
okay

yeah something 'cause show of Sherlock
2451 small

good

quite track a shot like

I a charge for golf

gold

know you

148 okay

100 K least 15,000

grabbed

said

34 okay

good

it

got english dubbed

performance and asked if he said sold
out here

shit 5/2

United Way 30

good

34k 59 most challenging thing

just having to make split-second
decisions hits

really think that fast

even though you believe can kid you're
going on instead

gonna reaction and that's the toughest
for the job was

have to stay focused and I skycam okay

scaled

okay it

yeah rate in the nation

yeah KK good

good

gun

good

him

yeah

hey

do

yeah

great killed by

guard

amazing low stress I can't tell you how
many times a

I had what I thought were just friends
for him

done this in the army sweaty the sweaty
forehead and sweaty palms

dizziness it happened at least half a
dozen times its

most exciting job you could ever have if
you don't love this place

don't work here you have to love you
have to be passionate about it if you

really care about

that's it unique person that sup able to
suspect radovan

season and less curiosity and trying to
predict the future

the afternoon say that i'm talking
about. I was about

to ours too early because once a cracked
366
00:22:07,760 --> 00:22:10,890
you can see went straight to 5 50 I

did not take advantage of it I would've
gone to the four thousand dollar barrier

that I want it

ridiculous I had at fourteen thousand
shares last

picket perfect I just mystic you check
back to check back atcha 562 close I was

my caught 10 a.m.

rewind it we can play this over and over
again %ah

I still are fully expect this painted
tank in the afternoon

and the day closes at five dollars and
sixty cents

she don't tell me you can't predict
where the stocks are going to use with

get on this is our opportunity are lost

in the NBA we all learned a valuable
lesson not to walk away from the

computer

and the mid-afternoon when you think
there's gonna be a mid-afternoon fate

okay question mark but

okay it's a lot like of course not me

okay so Stockholm I G someone the ladies
like me

some the latest not I I even know

I don't know what I say but shouted get

also you it may have just been hailed

have

fewer surprises cope with it was of

lead