Good movie but hugely unrealistic

Or... He was exaggerating... Bunch of millionaire stock brokers exaggerating? Sounds pretty realistic to me.

Not really but I do agree that in real life they aren't dressed with suits, have exotic cars etc. ONLY the guys in charge get the money you know like Micheal they top con artist who suckered in all these kids whom in real life are pretty much like that poor, uneducated and desperate. Man its just telemarketers aka LOSERS with NO education and live in their own tiny world. Same goes for Phone sex, Con Artist,SCAMS , Sweat Shops, care sales men, realtors,net work marketing and every other get rich quick schemes I mean the list is endless. Its why so many down on their luck people get suckered into these scams. Heck even real brokers are and banker are scum but these illegal ones are just again scams. NO job security no money its why they hire anyone with NO skills whatsoever. Work from home same crap.

The world of the salesman is a very sad world one I would never want to be in its like Hollywood ehh. Being a sales guy and being a wall street investor are 2 totally different things. But yet all just beg people to buy crap. So their all just trash.

And NO not jealous of these people as some said on similar films. LOL I went to thur 4yrs of college,then years of Pre med and Med school. I just finished my residency about a year or so. But even with my MD I'm training in Cardiology at the moment and then I'm off to Surgery school. My hubby is also an MD we met in University. And unlike these bottom feeders we don't see money as they do or as some of you here, who said they work or live in that crappy world. Here's something sales guys never say or really mean it. I love my job so much its not even work to me. The majority of MD's and OD's who go into medicine is to help people NOT for money.

Besides we both come from wealthy (not showing off now just making a point) family's so money was never an issue LOL But seriously I'm being sarcastic I know people are having it rough and most only can find work such as this but its a dead end and most end up seeing that along with a lot of money lost. Yes we come from wealthy parents BUT we never talk money its rude to us. And other than paying for our schooling we never asked out parents for anything if we wanted a car we had to get a job and so on.

We never used credit ever, everything we own was bought in cash, in other words there is NO get rich quick way. Its takes years of hard work to be truly successful. Its why I feel sad for those who get taken in by these leeches. Who only lusts after money? Wannabe players or broke people..Sorry but that's how I see sales people. Call block it what we invested in and we have a financial adviser, lawyer and accountant. NOT calling some idiot in the spam box of my email. Stay away from them people their just as or even more in dept than you are and many are crooks. My brother and quite a few in me and my hubby's family are the military or in civilian and Federal Law enforcement. My brother is law is a secret service agent tho in counter fitting etc .

And all agree just like this film 110% of these parrots are crooked scum.





Dr.Nichole A. MD. AKA Nicky was here.

I never revisit posts. Also too busy and mature to argue.

You are focusing on minor points, the film is very realistic of how bucket shops used to operates. The firms hired kids right out of college and trained them that way. They were told to just call, call and call some more. The sales pitch used in this film was very accurate, you get them interested and it usually was a fake healthcare drug/product about to be approved. The firms owned the stock and were selling their own inventory to people and once their stock was sold it was off to the next company. Once that happened the price of the stock got crushed (often going to zero) and those left owning shares lost all their money.

The number of call they made, Vin Diesel shouting, etc. all irrelevant points.

You don't make 700 individual dials - one at a time.
You have three phones or three lines and make 3 dials at a time on a speaker phone type system.

Every 2 minutes you are making 3 dials. Out of those 3 you might only talk to 1 person and that one will likely be junk. You are hoping that 20% of your dials end up talking to SOMEONE.

30 cycles x 3 dials per gets you 90 dials per hour.
In 8 hours you'll hit 700+ dials.
Add in stoppage to talk with prospects beyond the 2 minutes, breaks, lunch and dinner - it's a 12 hour day. The only selling you do is how awesome you are as a financial adviser.

700 dials you are hoping to reach 140 people.
Of the 140, 28 would be interested enough for a call back.
Of the 28 you are hoping for 2 buyers.

The other reality is that you call for basically 2.5 weeks straight like this.
The next 3-5 days you call back those 28 you reached and retouch base and see who is really interested. Weeding out the people who have lost interest. You explain to each that you have a deal coming up - are they interested if it looks attractive?
In these boiler room shops you then have 3-5 days of actual selling each month where you contact all of those 28's that seemed remotely interested. On those selling days you are really only making 200 dials like you recognize. The prospects of the last 2-3 months that bought or showed promise get lumped in during the sales period.

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Why was that annoying,weak excuse for music playing in background?
I have been a stockbroker for 24 years,with two different firms and no one
listens to that stuff.