Adam trader

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Innertube
Posts: 215
Joined: Mon Mar 14, 2011 9:18 am

mugsgame wrote:You may have more fun spending it in your 20's. But when you are in your 40's you will sitting there thinking "Wish I hadn't spent all that bloody money"
You either live to work or work to live. If you are lucky enough to earn good money you should spend some of it or make your life easier. You can't take it to the grave.
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hgodden
Posts: 1759
Joined: Thu Apr 16, 2009 2:13 pm

Innertube wrote:
mugsgame wrote:You may have more fun spending it in your 20's. But when you are in your 40's you will sitting there thinking "Wish I hadn't spent all that bloody money"
You either live to work or work to live. If you are lucky enough to earn good money you should spend some of it or make your life easier. You can't take it to the grave.
A lot depends on personal circumstance. You have to bear in mind that trading on betfair might not be possible forever so there's a good case for making hay while the sun shines. I wish I had the discipline and the will to trade as many races and save as much as Andy but personally I get way too bored and need a few good holidays a year just to save myself going loco!
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Euler
Posts: 26471
Joined: Wed Nov 10, 2010 1:39 pm

You should always make the most of opportunities presented to you but nothing is worth your sanity! So it's always worth striking a balance as well as planning for the future.

I think the surprising thing for me in this market is how many rational, capable, talented and skilled people have completely missed the opportunity.
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enzabella2009
Posts: 747
Joined: Tue Nov 03, 2009 3:58 pm

If I make a million pounds all year long with sports trading I do not see how I can lose interest in this business.If I found a business that gives me more earning potential of sports trading, I will invest on an other person to continue my business by dividing the profits. In that case I'm gaining 1 million with new business and half million with the old business. I would do the same if I decided not to work more in my life. Some people have a business in the blood and if they work harder and better than the other is to eliminate competition and gain more than others. Those who know well the business does not build millions after millions just for fun and definitely do not leave all of a sudden unless Betfair has something to do with this. I always thought that as a customer I could have a better service from Betfair, but I always had crap in return, do not even want to imagine what will be `in the future but, if I can count on a monthly gain in sports trading I do not think of leaving the business despite betfair charges and poor service .
however, if you suddenly do not have more news from me I have not lost my interest in this business but,Betfair has closed all my accounts... :lol: :lol:
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

to75ne wrote:No point in making money if you are not going to use it for something useful.
"What good will it be for a man if he gains the whole world, yet forfeits his soul?"

Matthew 16:26

Jeff
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

I think it goes to show the limited link between intelligence and trading performance.

I once heard traders are in the top 10% of the population in terms of intelligence, yet most lose money consistently. Given that you can more or less break even by trading randomly, that makes you wonder if their minds are working against them...

Jeff
Euler wrote: I think the surprising thing for me in this market is how many rational, capable, talented and skilled people have completely missed the opportunity.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

“I spent 90% of my money on women and drink. The rest I wasted”
George Best
spreadbetting wrote: You'll have much more fun spending that money in your twenties than your forties though, Andy :) Who knows what'll happen tomorrow enjoy it now
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

7 life lessons from the very wealthy - http://www.washingtonpost.com/business/ ... story.html
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PeterLe
Posts: 3729
Joined: Wed Apr 15, 2009 3:19 pm

Money is the least important thing in life...when you have some, not so when you have little
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to75ne
Posts: 2439
Joined: Wed Apr 22, 2009 5:37 pm

you read the bible on sundays jeff? :)
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

I don't read the Bible on any day of the week Tony. :)

I just remembered that quote as I once had a devout Christian landlord, and he and his wife would bring Jesus into literally just about every conversation!

Jeff
to75ne wrote:you read the bible on sundays jeff? :)
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to75ne
Posts: 2439
Joined: Wed Apr 22, 2009 5:37 pm

just pulling your leg jeff, :) there is nothing wrong in reading the bible if you did.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

I know Tony.

It's a book that's full of wisdom, but it's not on my reading list. :)

Jeff
to75ne wrote:just pulling your leg jeff, :) there is nothing wrong in reading the bible if you did.
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Innertube
Posts: 215
Joined: Mon Mar 14, 2011 9:18 am

OK, so after the 60% Betfair charge announcement who now thinks that Adam is a genius!
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andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

To quote Big Mac,

"He knew, he knew!!!" :lol:
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