The actor made $300 thousand on the stock exchange preparing for the role of a trader in a film
Famous Hollywood actor Shia Saide LaBeouf always grows into his future roles: preparing for the role of a soldier in the movie "Fury", he cut his face, leaving scars, and removed one healthy tooth. And before shooting the movie "Wall Street: Money Never Sleeps" he went to work as a trader to learn as much as possible about trading securities.
At that time, LaBeouf's knowledge of the financial market was almost non-existent, so he made it a rule to start every day by reading financial columns in the Wall Street Journal and Bloomberg. Even on the set, during the breaks in shooting the scenes, the actor studied business press. Besides, he opened his own brokerage account that he replenished with $20 thousand to feel the responsibility and fear of losing money. He was motivated by the desire to understand the psychology of a trader and convey this awareness to the audience.
His ardent efforts as well as consultations of the stock exchange professionals helped LaBeouf to perform a small miracle in 2.5 months: he turned the initial $20 thousand to $300 thousand, thus having earned more than 1,400 % in 2 months by trading securities. When asked how he managed to achieve this result, the actor said that he was surrounded by the "right people" who provided him with "good information".
Next, Shia passed the Series 7 Exam for the registered securities representative license and got a job at the brokerage firm Schottenfeld Group. He was opened a $1 million account there, and the actor began to actively trade all types of securities, except futures and commodities.
Despite his achievements in the trader career, after the release of "Wall Street: Money Never Sleeps" LaBeouf did not continue working on the stock exchange. However, he did not quit investing in shares, saying the following: "After you learn to fish, it's hard to stop going fishing." He does not compare playing on the stock exchange with gambling, assuring that if you study all the nitty-gritty well, there will be no room for surprise.
According to the actor, trading radically changes your mindset: when wildfires raged in Russia, ordinary people sympathized with the local residents, and LaBeouf at this time was purchasing wheat focusing on gaining quick profit.
"The competition on Wall Street is tougher than in Hollywood," Shia said. "And the usual mindset is "kill or be killed". However, not all people are driven by greed. A lot of traders raise millions for charity and do other good things."