Trader: The Documentary video transcript

Dear Srs.

I started this thread because I would like to do transcript a famous documentary called: Trader: The Documentary. This one shows Paul Tudor Jones II in his Hedge Firm during the 80's and it's a classic. Sadly, it seems that Mr Jones didn't liked of the video and since his release he have done everything that it is possible to vanish it.

I would like to ask some help from those who have English as his mother language to help me to transcript some of the sentences that I'm not able to do. It would be very happy if stevexyg could help

So, I will start posting part one of the video, then I will post my little transcript with missing parts.

Here is part one of the video:

Hi guys, Here is my transcript for part one. I put in red what I can't understand or I'm in doubt.
I know that a lot of people can think this is too boring but there is some of you that may be find this very interesting like me, and there is some lessons to be learned too. So, I hope you guys can help me.

In the Office

PTJ: Yes, there will be some type of a decline, without a question, in the next 10, 20 months; it will be earth-shaking; it will be saber-rattling and it will have Wall Street in a tizzy and it will create headlines, that will be, that will dwarf anything that has happened to this point in time.

In the Gym:

Trader: I’m about there, look.

PTJ: (missed)

On the Office

PTJ: (missed) …goin' to do a little tom-tomming on the market here.

Trading in the office

PTJ: Offer 3000 at 70!

Secretary: Offer 3000 at 70.

Trader at the phone: Offer 3000 at 70?

PTJ: Yes!

Secretary: (missed) … the phone.

PTJ: Hey listen, Danny? Don't offer that sell 540 at market!

Secretary: Sell 540 at market! Sell 540 at market!

Trader at the phone: Sell 540 at market?

PTJ: Yeah, March, go!

In the Office

PTJ: (missed)… I’m risking 10 cents.

Peter Borish: You are risking 10 cents to make 8 bucks, I like the tract. You know, it’s not a bad trade. Right?

PTJ: Yes. Oh god… (missed)

In the Gym:

Trader:And I heard stories about this guy wakes like at 4 o'clock in the morning, and trades like gold in Hong Kong and all sort of places. I mean, if I wake up 4 o'clock, my wife: "Hey, go bed to bead, this is ridiculous."

In the House

PTJ: Yes.

Trader at the phone: (missed)

PTJ: I tell you what I do… (missed). – something like “you own 540… own 540”?

Trader at the phone: (missed) – something like “Own 540.”?

PTJ: (missed) – something like “I’m selling D. Marks (deutsche marks). You own 540.”?

In the Gym:

Trader: He really loves it, it involves all of his energy all of his power, all his knowledge and everything. And he puts it together into one incredible life.

PTJ: If I make the kind of market I want to make, I'll stop. I'll retire, Hopefully, a champion

Narrator: Paul Tudor Jones is a futures trader. He speculates on the future value of almost anything. It's been called an art, a science, a gambling game. It's a high-risk game for high rewards in an area that is increasingly under scrutiny. Recent scandals brought the Wall Street community into the glare of public and media attention and the regulatory agencies are questioning the very existence of a certain kind of trading - stock index futures- which Paul Jones has recently been one of the most successful players in America.

In Gstaad Switzerland

Narrator: It is march 1987, the third month of one of the most dramatic rises in the history of the stock market and Paul Jones is taking a holiday. Well, a sort of a holiday.

PTJ: Well, I originally decided to come here to be on vacation, getting away from everything. Then as it turned out, a number of the clients are here in Europe. So I’ve been doing an enormous amount of business, I have been in Paris, I have been in Geneva, so I can combine business with pleasure. I wish it had been more pleasure, but I still wouldn’t trade it for anything in the world. I always think… I mean, If life ever ceased to be an educational experience, I probably wouldn’t get out of bed.

Narrator: This morning Paul got out of bed at the Palace, one of the most elegant hotels in the world.

PTJ: The lifestyle in Gstaad is incredible because the people that i've meet here, the people i deal with, most them are my clients. They pay me to allow them to enjoy this lifestyle, which is wonderful because I enjoy working. I had a friend in… (missed)… …if you really enjoyed that type of stimulation, then I sayied: “i'll show you a game that is the most exciting, the most challenging the world.”

Trading in the office

Secretary: (missed)

Narrator: Paul’s company Tutor Investment Corporation manages other people's money. The firm has about 300 clients and has been rated top performer in its field for two consecutive years. Paul is the oldest one in the office, he's 32. His chief economist, statistician and right-hand man Peter Borish is 27.

Peter Borish: …we're making history today. This is the market…

Narrator: Futures Trading is an young game.

Men’s voice: …it’s everyone jumped in.

Woman: (missed)

Peter Borish: (missed)

Narrator: As firms go Tutors small. It has only 22 employees and manages $125 million dollars, which isn't so much on Wall Street. But the team for the time being anyway, likes it that way. They see their firm as a small fast boat on a large rough sea.

Peter Borish: What i love about it… I'm doing my work and doing my analysis and I am graded instantly through the harshest teacher in the world--the market. There is no curve. I can't say, “Boy, I was out late last night and everybody else in the class was at a pep rally for the football game and I only got a 70, but that was the highest in the class, so I still got an A.” It doesn't work that way in the market. It doesn't work that way in the market. It's an intellectual challenge and… that's what makes it so exciting. Every day is something new, everyday is providing new information, every day, every hour…

Narrator: Paul buys and sales futures in cotton, oil, dollars, deutschmarks, bonds, precious metals anything he thinks can turn a profit. Every rumor, every news item could be a warning or an opportunity. For example, this morning the wires say OPEC is on the verge of a new agreement.

PTJ: OPEC has basically come to agreement whereby they could have a 7% production cut. My own feeling is that anytime that you try to get 13 people agreed in anything - and i have a chance to take a position on it – well, wild horses can't keep me from betting against them succeeding in that. I'm selling the equivalent of about 4 tanks in the opening. …either nothing else about OPEC?

Trader at the phone: No.

PTJ: I got you.

Trader at the phone: Thank you Paul.

PTJ: What do you think …(missed) ...spot to nail it? I will go sell

Narrator: Betting that the agreement wont hold, Paul sells oil futures as fast as he can hoping that the other traders want to see what he's up to. Speed is everything.

PTJ: It’s 40 bid at a half? Offer 1500 at a half! Show them some size! Ask him how much he sold! Give me a number! Tell them there's more behind it! Do it! Do it! Do it! There’s more behind it!

Secretary: More behind it.

PTJ: I can feel it. They gonna get it. I gonna get it. (missed) …says something, what Iraq say? That's great, that's great. They had agreement between 13 people but 2 of them say that wouldn’t agree, with happen to be 2 of 5 of the biggest producers in the word. That was tough to figure out, wasn't it?

Narrator: Paul is on the phone to an oil trader who's saying: “somebody's selling a lot of oil”, but he doesn't know who.

PTJ: That was my buddy at probably the second, third largest crude training firm and... he says: “man, those guys, they’ve sold the hell out of it”. And people that he work with doesn’t know that it was… that's great! That’s even better. I hope they think it was some wild as s--- Arab who knew the deal would fall apart.

Narrator: Even Paul trading every kind of commodity, his specialty is stock index futures which are traded in pits at various commodity exchanges like the Chicago Mercantile Exchange (the Merc ) or the New York Futures Exchange (the NYSE). This people are betting not on a company or an industry, but on the future direction of the entire economy, and this week just before thanksgiving 1986, the big news is not good.

dont tell me youre making a word-by-word-transcript of the whole damn film. 0_o i dont think it´s boring just a waste of time.

anyway, here: That was my buddy at probably the second, third largest crude training firm and... he says: ‘Those guys, they’ve sold the hell out of it.”



i copied this from a book which talks a little about the movie so it should be correct. didnt watch the video though.

Thank you for your contribution Moyo. I will edit my post with your sentence and I consider it solved.

If you change your mind and find another sentence that you can help to transcript I will be very glad too .

Regards.

Every rumor, every news… (item) …could be a warning or an opportunity. For example, this morning the … (wires) … say OPEC is on the verge of a new agreement.

equivalent of about 4 tankERS

Ask…(him how much he sold) …give me a number.

(betting that the agreement) …WONT hold Paul sells oil futures as fast as he can hoping that the o

That was tough to figure out, wasn´t it?



mind you im not a native speaker.

btw its myo not moyo lol

Sorry for that, you see now why I'm not good with transcriptions .
Once again, thank you Myo!!!