NB: I use the word Trading rather than Gambling...
In any other profession, doing extra work would see you labelled a 'workaholic', but what about trading?
i domt know about you, but if I'm at home and there is a match on i think to myself "Ill just make a quick £30 on this ..."
Yesterday I was on a boring conference call with colleagues in the us and was trading at the same time!
My rationale is that this wont be around for ever, so make hay now..or maybe I'm just fooling myself...
What do you folk think...is it addictive ??
Is Trading Addictive?
Having just started making small consitent profits I find trading extrememly addictive! But then I dont have much love for my other job, so keen to step up my efforts to a level where I can go full time, which should not be too long! 
As for betfair trading not being around for long, I certainly dont think its going to dissapear any time soon.
Paul
As for betfair trading not being around for long, I certainly dont think its going to dissapear any time soon.
Paul
I agree about the making an extra 30 quid thing, but I can also view it as being 'damn I missed out on 30 quid' when I don't trade a market that I had intended to do so.PeterLe wrote:NB: I use the word Trading rather than Gambling...
In any other profession, doing extra work would see you labelled a 'workaholic', but what about trading?
i domt know about you, but if I'm at home and there is a match on i think to myself "Ill just make a quick £30 on this ..."
Yesterday I was on a boring conference call with colleagues in the us and was trading at the same time!
My rationale is that this wont be around for ever, so make hay now..or maybe I'm just fooling myself...
What do you folk think...is it addictive ??
I think it depends on whether you are full-time or not - I am applying for jobs as much of my trading is semi-automated and once this happens I will be less addicted to trading in the grab every opportunity sense but currently I do feel that this could all end soon [or at least my strats, legislation etc...] and I am trying to get every opportunity.
I find it difficult to know an event is about to start an not to have a play. But it's more about the missed opportunity for me. I'll be better this year as I have promised not to do this and to give myself a lot more 'me' time.
I'm learning to play the piano at the moment and I am finding that is a useful distraction. You have to concentrate quite hard, so similar, but a pleasant substitute from a monitor.
I'm learning to play the piano at the moment and I am finding that is a useful distraction. You have to concentrate quite hard, so similar, but a pleasant substitute from a monitor.
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oddstrader
- Posts: 344
- Joined: Fri Apr 16, 2010 4:55 pm
I think making money is the addictive bit, if we were losing on those trades we would be happy to miss the "opportunity" imo.PeterLe wrote:NB: I use the word Trading rather than Gambling...
In any other profession, doing extra work would see you labelled a 'workaholic', but what about trading?
i domt know about you, but if I'm at home and there is a match on i think to myself "Ill just make a quick £30 on this ..."
Yesterday I was on a boring conference call with colleagues in the us and was trading at the same time!
My rationale is that this wont be around for ever, so make hay now..or maybe I'm just fooling myself...
What do you folk think...is it addictive ??
ps Peter have you started teaching your son - how is that working out?
Hi OT
Yes you are probably right about the money bit!
re my Son: He traded with me (him placing the bets) for two days then did two days on his own (I was out on business)..he did ok (much much better than I did when I started).
We printed out his P&L each day he was breaking even or thereabouts, which is excellent really (we disagreed as he thought he should be making the Big Bucks!)..
He has found work at the moment, so he put this on the back burner for now.
Thanks for asking though
Regards
Peter
Yes you are probably right about the money bit!
re my Son: He traded with me (him placing the bets) for two days then did two days on his own (I was out on business)..he did ok (much much better than I did when I started).
We printed out his P&L each day he was breaking even or thereabouts, which is excellent really (we disagreed as he thought he should be making the Big Bucks!)..
He has found work at the moment, so he put this on the back burner for now.
Thanks for asking though
Regards
Peter
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oddstrader
- Posts: 344
- Joined: Fri Apr 16, 2010 4:55 pm
glad he is back to work, at least during the summer with evening racing he will have time to trade after work
It's reassuring to know that we mortals aren't the only people to suffer from the temptation to over-trade! 
Jeff
Jeff
Euler wrote:I find it difficult to know an event is about to start an not to have a play. But it's more about the missed opportunity for me. I'll be better this year as I have promised not to do this and to give myself a lot more 'me' time.
I'm learning to play the piano at the moment and I am finding that is a useful distraction. You have to concentrate quite hard, so similar, but a pleasant substitute from a monitor.