Hedge Fund Makes $100mn in 1 Illegal Trade: Wall Street Pro Reacts to Billions TV Show: Episode 9

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In this video a former Goldman Sachs employee who worked at the top hedge funds reacts to Billions, including the TV show's accuracy and lessons that investors must pay attention to. Key topics discussed are Axe Capital illegally made $100mn in one trade, the Occupy Wall Street / Westport movement against Axe Capital given their $750mn profits on 9/11, hedge fund redemptions, employees leaving to start their own hedge funds and much more. The video Wall Street Pro Reacts to Billions TV Show (Episode 9) contains closed captions.

See my other Billions & finance movie reaction videos (which also teach finance lessons):

→ Wall Street Pro Reacts to Billions (Episode 1):
   • Wall Street Pro Reacts to Billions TV...  

→ Wall Street Pro Reacts to Billions (Episode 2):
   • Wall Street Pro Reacts to Billions TV...  

→ Hedge Fund Activist Investor / Firing CEO: Wall Street Pro Reacts to Billions TV Show (Episode 3):
   • Hedge Fund Activist Investor / Firing...  

→ Short Selling Explained: Wall Street Pro Reacts to Billions (Episode 4):
   • Short Selling Explained: Wall Street ...  

→ Insider Trading Arrest at a Hedge Fund: Wall Street Pro Reacts to Billions TV Show (Episode 5):
   • Insider Trading Arrest at a Hedge Fun...  

→ What Hedge Fund is Billions Based On?: Wall Street Pro Reacts to Billions TV Show (Episode 6):
   • What Hedge Fund is Billions Based On?...  

→ Hedge Fund Secrets: Crisis, Wiretaps, Wealth: Wall Street Pro Reacts to Billions Show: (Episode 7):
   • Hedge Fund Secrets: Crisis, Wiretaps,...  

→ Hedge Fund 9/11 Profits, Panic Rooms & Deceit: Wall Street Pro Reacts to Billions TV Show: Episode 8:
   • Hedge Fund 9/11 Profits, Panic Rooms ...  

→ Wall Street Pro Reacts to The Wolf of Wall Street Movie:
   • How Accurate is The Wolf of Wall Stre...  

→ Wall Street Pro Reacts to The Movie Wall Street:
   • Wall Street Pro Reacts to Wall Street...  

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Here are the Clickable Chapters for the video:

00:00 Introduction
00:35 Three topics covered in this video
01:26 How a hedge fund places a $200mn trade.
01:29 Why you never place a large trade through just one Sell Side firm.
02:31 Market Order versus Limit order explained.
02:36 Liquidity and Bid/Ask explained.
03:06 Can a mid-cap biotech company really be that liquid?
03:24 What is a mid-cap stock?
04:30 Why is it better to have a narrow Bid Ask spread?
04:46 Why did many hedge funds go under in 2008?
04:58 What should your maximum position be in a stock?
05:19 How much did Axe make on this illegal trade?
05:46 What is the average M&A premium on a biotech stock?
06:11 Occupy Wall Street movement explained.
07:03 “Occupy Westport” movement at Axe Capital’s office explained.
07:52 Hedge fund redemptions explained.
08:29 Hedge fund employees quitting to start their own fund.
08:46 Hedge fund contracts, golden handcuffs and non-competes explained.
09:18 California does not enforce non-competes. What is the impact?
10:02 Rating Bottom Line (Buy, Sell or Hold Rating?)
10:51 My next reaction video.
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