Yearly result from Betfair Trading : Poll

[Euler]

But funny how trading can completely change your outlook, and almost shatter the fabric of reality after which the world can feel a bit silly. Sometimes you can't help but feel like an outcast living on the fringes of society, while sometimes you feel so superior to an average employee out there that your head doesn't fit through the front door.

I suppose what I'm saying is that the old cliche "it's not for everyone" is very true. When embracing uncertainty a genuine leap of faith is very much needed, in your own ability first and foremost!

But yeah, that being said, outta-the-box thinkers should feel at home, it's one surefire way of making life a bit more interesting

That's really interesting as that echo's my sentiments.

There was this enlightening moment where suddenly everything made sense and you realised there was no going back. You suddenly saw the world for what it is rather than what people believe it to be.

It completely changed my view on many things.

[lotora]

Is it net profit after premium charge?

[stueytrader]

I agree with that Peter +1

There are so many things we are manipulated into believing in this society/world. Trading as a solo act in life, does make you question those wider thoughts and sheep behaviours and beliefs.

Before trading, betting gave me that, just that I was less successful as a gambler!

[Euler]

I just found myself saying, that makes no sense at all. Then watched as people went along with it.

I started looking at trading from a stats perspective, but slowly came around to looking at it from a behavioural perspective. You just realised that people kept making the same mistake again and again and there was nothing you could do to stop it. Even if you tell people not to do something, they still would. In fact it probably made them more likely to do it.

It completely changed everything for me.

[stueytrader]

I just found myself saying, that makes no sense at all. Then watched as people went along with it.

I started looking at trading from a stats perspective, but slowly came around to looking at it from a behavioural perspective. You just realised that people kept making the same mistake again and again and there was nothing you could do to stop it. Even if you tell people not to do something, they still would. In fact it probably made them more likely to do it.

It completely changed everything for me.

+1 again.

The frustrating part is that there are so many things you start to lose belief in, because you see things differently, but can't do anything about because so much of the world is still in the brainwashed ruts of life! We may change, but sadly the world around us often does not!

[lotora]

How much did you win/lose in 2022, if you consider yourself a full-time trader.

Is it net profit after premium charge?

[megarain]

I suppose so, but really the small details don't matter.

100-300k incomes, either net or gross are significant sums, with no income tax liabilities.

Its still possible etc.

[Euler]

The frustrating part is that there are so many things you start to lose belief in, because you see things differently, but can't do anything about because so much of the world is still in the brainwashed ruts of life! We may change, but sadly the world around us often does not!

Totally agree. You know the problem, you know the solution, but you also know you have no chance of changing it.

[Archangel]

We need a poll to see how many people here are full time traders and how many have some other form of income/support besides trading. I am guessing a high percentage full time as its a dedicated forum. But the results would be interesting.

Although I am not even sure how you would define a professional trader anyway. If you are trading but your partner is working to pay the day to day bills then you are being supported in a way. You might be full time but are you a 'professional' ?

[Derek27]

If you are trading but your partner is working to pay the day to day bills then you are being supported in a way. You might be full time but are you a 'professional' ?

Depends on whose perspective you're looking from. If you were claiming an out-of-work benefit and gambling full-time with the intention of making money, even if you broke even, the DWP would consider you in full-time employment and demand any benefit payments back while you were doing so.

Personally, I'd say if you rely on another income you're semi-pro. If you just happen to have a pension but generally make enough trading to live on then you're pro.

[The Silk Run]

I know gamblers who receive benefits like UC, PIP, etc, but not all use these monies. I have no recourse to public funds, and don't contribute to pc2

[Vaz0202]

Been using my small profits in trading to buy FTSE 100 stock for a passive income. In time, hopefully it will pay for my council tax

[Anix015]

Why?

Best Regards.

Why?
Because I think it must be quite difficult to trade full time and make it pay in the long run. Not just the financial side of things but the emotional and 'brain damage' of knowing you could lose your edge, or your account, and its all gone overnight. I know I couldnt do it without the comfort of having a job that pays the bills and allows me to trade part time. But thats just me

Idk, life has plenty of sources of stress already so not sure trading adds anything new there.

But funny how trading can completely change your outlook, and almost shatter the fabric of reality after which the world can feel a bit silly. Sometimes you can't help but feel like an outcast living on the fringes of society, while sometimes you feel so superior to an average employee out there that your head doesn't fit through the front door.

I suppose what I'm saying is that the old cliche "it's not for everyone" is very true. When embracing uncertainty a genuine leap of faith is very much needed, in your own ability first and foremost!

But yeah, that being said, outta-the-box thinkers should feel at home, it's one surefire way of making life a bit more interesting

Hi Kai, how i can contact you for some advices for begginer horce racing trader, if you are have a good will to answer me, thanks in advance, btw i dont know how sent private messages...

[Kai]

Hi Kai, how i can contact you for some advices for begginer horce racing trader, if you are have a good will to answer me, thanks in advance, btw i dont know how sent private messages...

I usually trade football. For racing you should probably check out Bet Angel's channel here and their Academy courses here.

[alexmr2]

I think there is too big a gap between 'broke even; and 'won over £10k'.

But maybe that's just me as I'm somewhere right in between that and I invested many many hundreds of hours to achieve a few grand. More fool me I guess, though for me it is a principle of being profitable long term rather than relying on BF as an income stream, unlike many other regulars on here, I'm sure.

CS

There is definitely a chasm between breakeven/net loser and >£10k. Starting trading as a newbie is more like starting a business and most will fail (for years) before they make any net gains, especially on a playing field against others who have way more experience. It's not like most jobs or income streams where you slowly accumulate money with no risk of losing.

Making a few grand in a year from trading is an admirable achievement and almost certainly in the top 1% of BF customers