There's this one which ended in a loss (not rescuing just accepting it)
https://www.youtube.com/watch?v=faHJ7dZAylM
Rescuing a trade gone wrong.
Here's an example of an attempt to recover a trade that went badly wrong, which itself also went badly wrong.
https://metro.co.uk/2010/01/04/gambler- ... eet-11861/
https://metro.co.uk/2010/01/04/gambler- ... eet-11861/
Jinkies! I've had a few bad trades in my time but fortunately never to the point that I've threatended to kill a horse!Derek27 wrote: ↑Fri Sep 11, 2020 8:16 pmHere's an example of an attempt to recover a trade that went badly wrong, which itself also went badly wrong.
https://metro.co.uk/2010/01/04/gambler- ... eet-11861/
Let's face it, if you stand to lose £10K whichever horse wins as long as the event goes ahead and you ponder long enough about what you can do, the old bomb scare is all you're likely to think of. I'm surprised there hasn't been more of them.darchas wrote: ↑Fri Sep 11, 2020 9:18 pmJinkies! I've had a few bad trades in my time but fortunately never to the point that I've threatended to kill a horse!Derek27 wrote: ↑Fri Sep 11, 2020 8:16 pmHere's an example of an attempt to recover a trade that went badly wrong, which itself also went badly wrong.
https://metro.co.uk/2010/01/04/gambler- ... eet-11861/
... you travel to China and hang out with bats while you eat delicacies at the local seafood market. You then return home feeling slightly unwell ..... and racing is shut down.
Brilliant idea! Catch C19, go to a racecourse every day and spread it around. It would have to be an antepost market though.
- Realrocknrolla
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Thanks for the response guys and girls.
- Realrocknrolla
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These are great. Thanks.Kai wrote: ↑Fri Sep 11, 2020 7:38 pmFair enough. Can find a few quick ones using search on the Bet Angel Youtube channel.Realrocknrolla wrote: ↑Fri Sep 11, 2020 7:20 pmDefinitely not trolling. The question was are there any videos of things gone wrong? Rather than everything going correct in the videos. If not no worries.
I was just looking for examples and tips to be fair. Never can stop learning.
Dealing with losses : https://www.youtube.com/watch?v=Ly6uUc84YnA
Betting loss recovery systems & strategies : https://www.youtube.com/watch?v=nh0IngAgsoI
A losing trade : https://www.youtube.com/watch?v=faHJ7dZAylM
Getting it wrong : https://www.youtube.com/watch?v=ae5yE1HG7bo
In my experience, there's no such thing as 'rescuing' a trade that's gone wrong
What you need to do is LEARN from a trade that's gone wrong, and then make sure you avoid making the same mistake again next time
Getting into a mentality of 'rescuing' a bad trade, sends you down the well trodden path to bankruptcy......chasing
What you need to do is LEARN from a trade that's gone wrong, and then make sure you avoid making the same mistake again next time
Getting into a mentality of 'rescuing' a bad trade, sends you down the well trodden path to bankruptcy......chasing
Someone probably already said the obvious, but accepting losses is a normal part of many many profitable strategies
And if you think about it, cutting losses and bad trades in general is a profitable strategy in itself as well, and that "profit" comes from not doubling or tripling those losses further
And if you think about it, cutting losses and bad trades in general is a profitable strategy in itself as well, and that "profit" comes from not doubling or tripling those losses further
- wearthefoxhat
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Maybe looking at yourself as a risk manager might help.
If you let the ego in, then arrogance and a false self confidence could creep in too. Then you take more risk thinking you are invincible and then your bank, or you, blow up....or both.
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
If you let the ego in, then arrogance and a false self confidence could creep in too. Then you take more risk thinking you are invincible and then your bank, or you, blow up....or both.
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
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Always easy to be a maverick when you're trading with other people's money.wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pm
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
The easiest job in the world is spending other people's moneyspreadbetting wrote: ↑Sun Sep 13, 2020 3:10 pmAlways easy to be a maverick when you're trading with other people's money.wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pm
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
- ShaunWhite
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It's obvious you don't know much about that world. Pay is linked to performance, if you don't deliver you just get your basic and then you're out on your ear.spreadbetting wrote: ↑Sun Sep 13, 2020 3:10 pmAlways easy to be a maverick when you're trading with other people's money.wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pm
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
Wtfh, I wouldn't read much into a documentary, if they weren't 'characters' they wouldn't be featured. The vast majority are introverted verging on savant but of course that's not a very interesting when you want to sensationalise something.
- johnsheppard
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What was it called? I like documentaries, and psychopaths are interesting too (when observed via a tv screen). Shaun's probably right though about sensationalised things, I wonder if I could damaged my brain from watching such things....wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pmI watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....