魔鬼营业员

“天才交易员”尼克李森在投机中犯了一些最常见的错误。作为散户如果能够吸取这些教训，将能避免股市中的亏损。

第一，尼克连森的团队为了引人注目，穿了与众不同的衣服。

特立独行的性格会和市场对着干。

装帅，耍酷会让你不断挑战高难度任务，同样危险也会越来越大。不要为了证明自己，挡在飞奔的火车前面。

装酷，耍帅，标新立异会让你挑战高难度任务

第二，尼克连森在下单出错后没有立即平仓。

匆忙中下单错误是常有的事。买入变成抛空，买入数量打错，买入价格打错。

交易前应该核对订单。下单出错后，无论输赢立即平仓。

第三，尼克连森后面做的所有交易，都是为了弥补前期的亏损，这会导致翻本心态。

也许刚开始会让你大赚一笔，但是出来混迟早要还的。不要为了弥补错误而交易。亏损后的翻本心态会导致更大的亏损。

第四，尼克连森为了争取日经市场上最大的客户波尼弗伊，建立了与市场相反的头寸。

不要为了赚钱而交易。不要为了奖金拼命交易。要根据市场的方向建立头寸。

第五，尼克连森疯狂地饮酒

不要喝酒，抽烟，吃垃圾食品。麻醉自己会丧失思考能力。

喝酒后头脑会不清楚

最后，1994年下半年起，他买进了大量的日经指数期货，并卖空日本政府债券JGB。这种对冲交易策略很普通，可以说尼克连森没有冒任何风险。但是他忘记了黑天鹅的风险。

1995年1月18日，日本神户大地震，其后数日，东京日经指数大幅度下跌，而债券价格出现了大幅上涨。尼克完全做反了方向！！！（地震后政府会降低利息，稳定经济。债券价格会上涨。）

市场不会永远风平浪静，总会在关键时刻出现意外。

This movie just goes to show you how stupidly greedy the top officials are at the investment banks:If one person can bring down a well established bank from within then they all are vulnerable to the same thing. Nothing but vultures of getting rich off the hard work of others.

As for why so many bridges of his wife, just think about how and where they met then it’s all clear. They were clerks in charge of dealing with tons of bad debts of Baring bank in the confidential basement. Showed in the beginning of the film, it set the tone for the step by step crack down and the aftermath of all these. In fact, this old bank was long been problematic before Nick Leeson was in his position. He helped accelerating the big failing by paying his own price. He's just a fresh young man in his 25, packaged with a green-handed team after all.

Speculating is extremely risky without the underlying assets and hedging strategies. In this sense, no wonder Nick Leeson deemed the exchange as a big casino in the film when he bet on Nikkei 225. I believe he wont say that in his fifties. The risk will always be there but the risk to return sometimes are not that satisfying as one supposed it to be.

Triumph, a feeling that people would like to experience all the time, is not sustainable. One seek for triumph all the time is like seeking a pattern to be succeeded over and over again, which is likely to cause sever path dependency. With arrogance and over confidence coming along with every selection Nick Leeson was to make during the process, he is on the way of self devastation. When Leeson made back the $10M loss by sitting on the position, it was like closing his eyes and walking through a minefield without blowing up. He mistaken the 88888 account, his temporary safe net （before he can earn the money back ）for the safe net for good.