If you are successfu in trading, why would you want to teach

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PeterLe
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Joined: Wed Apr 15, 2009 3:19 pm

spreadbetting wrote:
cyxstudio wrote:
Its not targeted towards anyone, it is meant to be in general. There are a lot of tipping service and trading workshop around these days with some sensational claims.
PeterLe wrote:I read a well known trading blog this morning and found that the authour was now selling a book.
The thing is; how do you know if he is making a profit or not? (He may well be?)

The phrase "In the land of the blind, the one eyed man is king" springs to mind :)

Edit : Not Peter; Caan or Steve Howe I hasten to add!
How can it not be targetted at someone when it mentions he's selling a book? I can only assume it's James Butler as he's the only one I know selling books. The fact he hasn't proofed his income is immaterial as neither have Peter, Caan or Steve Howe to my knowledge but they seem to get the all clear in the post.
Yes it was James. Sorry the reason I mention the others is because I've seen Caans figures and Peter in the past and have met all three. I was merely trying to say that it wasn't one of them.
Incidentally, James may be well qualified to write such a book, who knows?
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spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

I was considering his programming for the betfair API book but you've put me off now :P

The reason I picked it out is that by singling those three out is almost like an endorsement for them whereas I'm not aware of any proofing their capabilities or profits anywhere. Obviously it'd take quite a cynic to believe Peter's not doing well and you may well have seen Caan's premium charge page but I doubt the people buying his ebooks have.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

spreadbetting wrote: How can it not be targetted at someone when it mentions he's selling a book? I can only assume it's James Butler as he's the only one I know selling books. The fact he hasn't proofed his income is immaterial as neither have Peter, Caan or Steve Howe to my knowledge but they seem to get the all clear in the post.
I think the best way of gauging whether what something is worth buying is to read reviews from verified buyers.

By publishing himself on Amazon, you open yourself to that kind of scrutiny.

I think it would be good if Betfair operated a forum in which verified buyers could give feedback about Betfair related products and services, whether software, training courses or books.

(Late) Merry Christmas :)

Jeff
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Trader_Tom
Posts: 198
Joined: Mon Oct 10, 2016 10:51 pm

Welcome back Jeff 8-)
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Just visiting. :)

For some unknown reason, I found myself thinking about this thread while walking home from work, so I decided to share my thoughts! :lol:

Jeff
Trader_Tom wrote:Welcome back Jeff 8-)
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Bluesky
Posts: 420
Joined: Mon Sep 19, 2016 9:26 pm

Ferru123 wrote:Just visiting. :)

For some unknown reason, I found myself thinking about this thread while walking home from work, so I decided to share my thoughts! :lol:
It's a shame you don't still post on these forums I have read many of your old posts and learned a lot from them. I am not sure if you ever became a profitable trader, but I think a lot of the information you provided was really good.
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maycontainnuts
Posts: 90
Joined: Wed Oct 10, 2012 5:58 pm

Jeff is still looking for the perfect trade that doesn't contain any risk.
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Trader_Tom
Posts: 198
Joined: Mon Oct 10, 2016 10:51 pm

maycontainnuts wrote:Jeff is still looking for the perfect trade that doesn't contain any risk.
You haven't posted for nearly 2 months either...

Jeff must mean a lot to you for you to come out of hiding after 2 months :lol:
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Thanks Bluesky

I'm not sure Maycontainnuts shares that sentiment, but it's nice to know at least one forum member has benefited from my posts. :)

Whether my posts helped to make anyone money doesn't concern me. I don't care who, apart from me, wins in a sum zero game! :lol:

However, I hope that my posts have provided interest to some forum users (even though they have infuriated others! :lol:), and that the psychology-related posts may have contributed in some tiny way to some people being happier.

Jeff
Bluesky wrote: It's a shame you don't still post on these forums I have read many of your old posts and learned a lot from them. I am not sure if you ever became a profitable trader, but I think a lot of the information you provided was really good.
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LeTiss
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Joined: Fri May 08, 2009 6:04 pm

Ferru is a BA legend - hilarious, bonkers, annoying, but also full of interesting ideas and information. This place isn't the same without him!
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

That made me laugh!

Yeah, I think a lot of people who know me in real life would agree with that assessment of me, at least with the bonkers and annoying bit! :lol:

Thanks mate. :)

Jeff
LeTiss 4pm wrote:Ferru is a BA legend - hilarious, bonkers, annoying, but also full of interesting ideas and information. This place isn't the same without him!
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ShaunWhite
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Joined: Sat Sep 03, 2016 3:42 am

I'm going to be devil's advocate here (moi?) ...

There are cases of people who can teach but not do at a high level (and even more doers who can't teach). Throughout time, pupils have exceeded the abilities of their tutors. If that weren't the case we'd still all be sharpening flints.

I'm not saying it's the best way, it probably isn't, I'm just saying it's not always black and white.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

ShaunWhite wrote: There are cases of people who can teach but not do at a high level (and even more doers who can't teach).
Agree 100%. An example: A young Sir Alex Ferguson wouldn't get into the current Man U squad (which is saying something considering that Fellaini regularly does!), but he's arguably the best coach in history.

If someone thinks that a successful Betfair trader is going to share their precise methods with them, when doing so could cost them their edge, then they are mistaken. While some traders do talk through their thought processes, a gut-based statement like 'I have feeling that this move is beginning to run its course' isn't going to teach you much.

Also, there is plenty of free stuff on the internet that tells you how markets work and the sorts of edges that you might be able to exploit. Then you need to do the hard work of research. I think that, unconsciously, people think they can cut the grind out of the equation by paying someone for their secrets or trying to read hidden meaning into the utterances of successful traders. I speak from experience, btw...

Jeff
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maycontainnuts
Posts: 90
Joined: Wed Oct 10, 2012 5:58 pm

You can lead somebody to water but you can't force them to drink it.

People can dish out quality information but if the receptors are switched off, it wont go in or people can't act on it for some reason.

Jeff, you are a classic case of many people having tried to help with the best of intent, but that last piece of jigsaw is missing. Trading isn't for everybody.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

On that happy note, I shall resume my self-imposed exile. Bye guys! :D

Jeff
maycontainnuts wrote: Jeff, you are a classic case of many people having tried to help with the best of intent, but that last piece of jigsaw is missing. Trading isn't for everybody.
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