One of my trading challenge students has been on a top 10 kick, here’s a list of the 10 best trading softwares out there (StockstoTrade.com is my new fav) and below is another top 10 list:
Next up on our list of “Top Tens” is television shows. We all know Tim has been on television several times, and he likes to call out shows or commentators that are useful or useless (mostly the latter).
Download the key points of this post as PDF.
We start our list with “Wall Street Warriors.” Tim was actually a regular on this show, so it is no surprise that it is worth watching. One review said, “Wall Street Warriors seems to do a great job of giving you a glimpse into the Wall Street world. The show contains an interesting mix of individuals and their lives as they try to make it in finance. There are stockbrokers, deal makers, floor traders, and even recent college grads on the different seasons of the show. The show introduces you to a few interesting and thought provoking ideas, but should mostly be watched as entertainment. I’ve never worked on Wall Street so I cannot speak to the shows accuracy, but the show makes Wall Street seem very appealing.”
Second we have “American Greed,” airing on CNBC. Tim isn’t too fond of the network, but apparently others are, as one review said, “This is the best show on white collar crime hands down. It’s worth watching to see the lengths that people will go to have money and its strangely motivating as well lol. If you’re interested in the crooks of the business world and you have some time to kill watch this show. It’ll help you learn how to not get swindled as well. I’m waiting for an episode on penny stock promotors, but so far I haven’t found one.”
Third up is “Charlie Rose.” Acclaimed interviewer and broadcast journalist Charlie Rose engages in one-on-one interviews and roundtables with America’s best thinkers, writers, politicians, athletes, entertainers, business leaders, scientists and other newsmakers. A viewer recently wrote, “With a very simplistic surrounding Charlie Rose manages to place his interviewees in a very comfortable position, which possibly enables them to be more honest. The way Mr. Rose conducts his interviews are great, and we can definitely see that he knows what he is talking about, and even more, he is interested in his interviewees. Old fashioned journalism like I like it!”
Fourth we come to “Million Dollar Traders : Make Me a Trader.” This is a British reality television series devised by hedge fund manager Lex van Dam, which recreated the famous Turtle Traders experiment devised by Richard Dennis in the 1980s. I am not sure how much of it you can watch in the U.S., but it looks there are clips and episodes on YouTube. It may be worth looking, as one person wrote, “Til this day i cannot comprehend the business model of Mr Lex van Dam who decided to give his $1 million to “noobs”, and hope for a miracle. The way the novice traders went around trading was very interesting nevertheless, and it shows that someone without any financial background just doesn’t know where to start. Nearly everyone was investing in what they liked..without asking themselves if it was the best choice. CNBC was for them also a mentor, and it was funny to see how much people are influenced by what is said on the ‘box’.”
Mid-way through the list we have “The Wall Street Journal Report” now known as “On the Money.” This show is a half-hour syndicated program that airs every weekend, packed with information and personality. With an audience in the millions, it has ranked as America’s #1 Financial News program. One viewer wrote, “Despite what the other people say, Maria Bartiromo is my favorite finance reporter, she does a good job in reporting compare to the other reporters.”
Sixth we have “Shark Tank,” where wealthy entrepreneurs pick up average people’s idea and take it into their ideas of making business. A viewer recently wrote, “The first time I watched this show I got hooked. It gives hope to all of the little guys out there with a good idea and product. I love to see them get a great deal from one of the investors, I especially like when the investors get into a battle and keep upping the amount they will put towards a person’s product.”
Seventh we come to “Bobby G.: Adventure Capitalist.” With a lust for life and a knack for making major money, intrepid entrepreneur Bobby Genovese is the globetrotting, scuba diving, polo-playing savant behind BG Capital, with business ventures that take him from Aspen to the Bahamas, New York to Nicaragua. Watch to see how thinking big can lead to living large. One review said, “How venture capital works. This documentary is great when you see Bobby G and his team went through some VC deal, such as the sea theme park and the water gig. Bobby G deserves to be at his place, but his business theories do not make sense to me such as putting a guy who has no experience in water product as the ceo of the company and pull him out too late.”
“Fast Money” is eighth on our list, as the Fast Money traders supposedly give you the information normally reserved for the Wall Street trading floor, enabling you to make decisions that can make you money. One person wrote, “This is a pretty cool show – for a recap on how the day went and the major movers of the day. The traders however only talk about big cap movers. I would much rather have a show with Tim Sykes, John Welsh, InvestorsLive, WeeklyTA, and Kunal00 talking about what they did in the market on any given day. That would be much more insightful.”
Ninth we have “Celebrity Apprentice,” probably the most well-known on this list. It is a 15-episode unscripted drama in which 16 candidates from all walks of life, including both Ivy League MBA graduates and street entrepreneurs with no college education, will endure rigorous tasks each week while living together in a hip Manhattan loft apartment. A person recently wrote, “Well, I love Donald Trump and his anti Rosie O’Donnel rantings. But, this show for me bridges the gap between me and my wife’s interests. Me – financial media, my wife – celebrity drama. Almost the best of both worlds – but in my opinion, they made it into more drama. What do you expect, financial media can only bring in so many viewers.”
Finally, we come to “The Suze Orman Show.” Meant for the everyday person, this show is much like Dave Ramsey, where people call in for financial advice. One of the most trusted reviews said, “The Suze Orman Show isn’t bad at all. If nothing else is on I will watch it. I love listening to these idiots calling up asking her if they can afford to go on vacation or buy a car. It’s BASIC frigging math people! Occasionally Suze will throw out a fact that catches my attention and I learn a thing or two.”