Adam Heathcote

The sport of kings.
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RonObvious
Posts: 198
Joined: Mon Dec 09, 2013 4:12 pm

Hi,

I've seen Adam Heathcote's name being mentioned in other threads on the forum so thought I'd post this query here.

I've been reading through Adams blog and I'm sure like most who have read it I've been fascinated by the totals he made but just cant figure this image out.

Before I go on I'd like to stress that I'm not a doubter or trying to cast any aspersions but rather would like some help on understanding the image.

As you can see it shows his P&L from one day in June 2009.
What puzzles me though is in the 'date to' field the time is 1 hour later than the time along the top beside the name and date.

Not a big deal to most but what puzzles me is when anybody checks their P&L if you change the time or date in the 'date to' field when you press the 'Get P & L' button the time beside the name and date along the top of the image will automatically change to the current date and time.

If I wanted to check my P&L from yesterday when I press the 'Get P & L' button the date and time along the top will match the date and time in the 'date to' field.

The only way this doesn't happen is if you manually change the date or time in the 'date to' field and as such I don't understand why somebody would retrieve their P&L from yesterday and add an extra hour into the future that isn't necessary.

Again I'm not questioning Adam's integrity but I cant figure this out.

Thoughts?
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Tanden
Posts: 43
Joined: Wed Mar 05, 2014 12:07 am

When you choose "From Yesterday" (as in the screenshot) Betfair automatically change the "date to" field to 1 hour after the current time.
RonObvious
Posts: 198
Joined: Mon Dec 09, 2013 4:12 pm

Tanden wrote:When you choose "From Yesterday" (as in the screenshot) Betfair automatically change the "date to" field to 1 hour after the current time.
It actually does :| That makes zero sense to me... why would Betfair do that?

Thanks for clearing that up Tanden :)
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knome
Posts: 60
Joined: Fri Jun 17, 2016 8:48 am

RonObvious wrote:
Tanden wrote:When you choose "From Yesterday" (as in the screenshot) Betfair automatically change the "date to" field to 1 hour after the current time.
It actually does :| That makes zero sense to me... why would Betfair do that?
They're still trying to figure out how to reset their clocks for British Summer Time?
RonObvious
Posts: 198
Joined: Mon Dec 09, 2013 4:12 pm

The image is from 2009 so think they would have figured it out by now! :)

I wonder if Adam would still be able to make the same sums today or if the markets have changed since then...
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knome
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Joined: Fri Jun 17, 2016 8:48 am

RonObvious wrote:The image is from 2009 so think they would have figured it out by now! :)
Or before 2109 in Betfair time?
RonObvious wrote:I wonder if Adam would still be able to make the same sums today or if the markets have changed since then...
I'm new to exchange trading but I suspect I've missed a boat and the opportunities aren't the same. But then again, I'm in on-the-job training mode, having fun and prepared to gracefully retire showing a small loss if it doesn't work out.
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jimibt
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Joined: Mon Nov 30, 2015 6:42 pm
Location: Narnia

knome wrote:
RonObvious wrote:The image is from 2009 so think they would have figured it out by now! :)
Or before 2109 in Betfair time?
RonObvious wrote:I wonder if Adam would still be able to make the same sums today or if the markets have changed since then...
I'm new to exchange trading but I suspect I've missed a boat and the opportunities aren't the same. But then again, I'm in on-the-job training mode, having fun and prepared to gracefully retire showing a small loss if it doesn't work out.
good for you on that philosophy. i agree that it's a bit of a try, then buy adventure. not certain if it's sustainable, but there are opportunities out there, especially if you employ a strategy using BA automation which effectively takes away the emotional aspect of trading in/out.

good luck, however it falls for you.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Tanden wrote:When you choose "From Yesterday" (as in the screenshot) Betfair automatically change the "date to" field to 1 hour after the current time.
I think RonOvious was pointing out the time was showing as 17:10 whereas the pnl was showing races settled at 17:37, if Betfair added an hour then surely the real time would have been even earlier at 16:10 :o
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knome
Posts: 60
Joined: Fri Jun 17, 2016 8:48 am

At this rate Adam Heathcote will be the next Dr Who. :mrgreen:
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

I read it wrong and thought it was showing the time as 17:10 :oops: I blame the little pic certainly not my poor eyesight. Should never doubt the mighty Heathcote.
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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

I was lucky enough to be Adam's early tutor and it's always intrigued me why people were so sceptical of his achievements.

If you look at the current marketplace it's full of people who have never traded in the true professional sense, or to any scale. But there seems to be little interrogation of their claims. Which would be incredibly embarrassing for them! However, one of the best traders I ever knew in racing it always called into question.

Adam came into the game with a fresh approach and without any of the burden of people who had gambled or traded in the past. Not only that, he was a really nice bloke as well!

He was also one of the most natural traders and risk takers I have ever seen and he was around in the market when, despite much scepticism, the market was a lot less complex than it is now. I was surprised by the grief that Adam got and by all accounts he didn't enjoy it either.

I was also surprised by how people couldn't come to terms with what he was earning, as a lot of traders had earned that or more but never published. Adam's experience with trolls and the PC charge; means those people will probably never publish their achievements now.

People could have learnt a lot from Adam, but that ended when Betfair increased a new wave of PC in 2011 and Adam decided to stop trading actively and focus his interests on building a business which he had a passion for.

Like many astute and successful traders before him, Adam used the money to build something bigger and continues to do so. Good luck to him. I'd give him my time at the drop of a hat.

Some of the best trading stories haven't been made public yet, but there are some great stories out there. Some of worst don't get enough publicity either!
PeterLe
Posts: 3715
Joined: Wed Apr 15, 2009 3:19 pm

I did my betangel course in 2007 around the same time as Adam and had some correspondence with him for a period of time. He was always very helpful and took time to answer my questions (he must have had an inbox full of questions like mine, when I think about it!)

Just to echo what Peter said said about him being a nice person and very helpful and it was a very unfortunate that he received so much crap for being sucessful (a lot of jealousy out there)

I have this screen shot on my desktop which I though people may be interested in..which shows his achievements from the beginning..I had it as a stretch goal but Doubt Ill ever get to those lofty heights! :o
Regards
Peter
PS I think his blog is still around somewhere for anyone interested?
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RonObvious
Posts: 198
Joined: Mon Dec 09, 2013 4:12 pm

Just to be clear to everyone I wasn't calling Adam's P&L into question or his ability to earn as much as he said. I was just curious about the image I posted and why Betfair structure the P&L in that way. If i realised as Tandem pointed out that its just the way Betfair show a P&L when you choose 'from yesterday' I would have posted one of my own asking the same question.

I've actually just finished reading Adam's blog from start to finish and it was a great read. I am actually surprised he posted so much during 2009 as every second comment was a negative one so fair play to him for sticking it out.

Euler you say he was one of the most natural risk takers you've seen does that mean he would take more risk than other traders?
And you say it was less complex back then so were the markets more 'predictable' than they are now would you say?

Ron
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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

I appreciate that you were not claiming him to be false, but I thought I'd clarify anyhow. Many people have stuck the knife into Adam, especially since he stopped but it's a classic case of being +ve or -ve. People who got to know Adam learnt from him, those that stuck the knife it don't realise what a fantastic opportunity they missed!

On that note, here is what happened when I pull up somebody for incorrectly claiming Adam was a fake and using that to pour some doubt on me: -

http://www.betangel.com/blog_wp/2015/11 ... ensorship/
convoysur-2
Posts: 1110
Joined: Thu Jan 12, 2012 10:00 am

that place your taking about peter is a laugh ,,really it is,,they say beat the bookie,(my arse)you can bearly go to a new page on the forum without pop up bookies banners in your face,
and they make the tiny trading part of the forum so hard to get to and navagate,
i got some good stuff there from a trader,
but they are ,in my opinion a asshole outfit,working on bookie commissions.
Marc
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