Trading on Betfair for a living
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
One thing that I find interesting in this thread is that a lot of people seem to be looking for some kind of acceptance from others with regards to what you do.
I really couldn't care less what others think about what I do any more. They will think whatever they think and if it bothers you/them so much then I wouldn't class them as true friends.
I see no need to justify what I do to anyone but myself.
I think a lot of what has been written here comes down to you as an individual and how you manage your success. It is clear that the likes of Peter have no trouble with their friends or family where as others have great difficulty which would indicate to me any way that it is an issue to do with each individual case and how you manage the issues that arise.
I really couldn't care less what others think about what I do any more. They will think whatever they think and if it bothers you/them so much then I wouldn't class them as true friends.
I see no need to justify what I do to anyone but myself.
I think a lot of what has been written here comes down to you as an individual and how you manage your success. It is clear that the likes of Peter have no trouble with their friends or family where as others have great difficulty which would indicate to me any way that it is an issue to do with each individual case and how you manage the issues that arise.
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enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
all winners here...lets watch some videos then...perhaps some P&L.... 
I just woke up IN L.A. i watched few races ..horses going right and left like crazy...profs traders raping newbies etc etc...it`s a mess. I am going back to sleep..good luck all.
I just woke up IN L.A. i watched few races ..horses going right and left like crazy...profs traders raping newbies etc etc...it`s a mess. I am going back to sleep..good luck all.
To be honest I don't discuss what I do.
I have been making my living since 2001 from horse racing.
If I was a street sweeper I would not spend my time discussing what kind of brush I use.
I see my friends in my personal life and work is not something that we talk about.
As far as my Adult chilren are concerned they know I analyse statistics and act on them accordingly.
If I needed validation from anyone I would body swerve them
Dobbin
I have been making my living since 2001 from horse racing.
If I was a street sweeper I would not spend my time discussing what kind of brush I use.
I see my friends in my personal life and work is not something that we talk about.
As far as my Adult chilren are concerned they know I analyse statistics and act on them accordingly.
If I needed validation from anyone I would body swerve them
Dobbin
I feel sorry for people who try to become traders and are feeling kind of ashamed of being one. What’s the point?
Who cares what people think anyway?
They are probably frustrated with their 9-5 jobs so they find 100 reasons to make you believe that trading is not that good.
And I don’t understand why everybody wants to make sure that people know they are not gamblers. Again what’s wrong with others think you are a gambler? It’s just makes your life easier and funnier because you know you are not one.
If you a getting results nothing else matters in any profession you choose. If you think so much about sociological background choose other profession become a banker or something.
Who cares what people think anyway?
They are probably frustrated with their 9-5 jobs so they find 100 reasons to make you believe that trading is not that good.
And I don’t understand why everybody wants to make sure that people know they are not gamblers. Again what’s wrong with others think you are a gambler? It’s just makes your life easier and funnier because you know you are not one.
If you a getting results nothing else matters in any profession you choose. If you think so much about sociological background choose other profession become a banker or something.
When I first started making serious money it was such a thrill that I wanted them to know what I was doing, and I was bloody good at it.
But once the genie is out of the bottle it's impossible to get it back in.
For the record I am now a financial trader. When anyone asks how I'm doing my standard reply is "shit, what about you?"
But once the genie is out of the bottle it's impossible to get it back in.
For the record I am now a financial trader. When anyone asks how I'm doing my standard reply is "shit, what about you?"
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enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
In my experience the only time I felt ashamed of my choices was when I lost everything I had in terms of money.. If you are a winner people respect you. If you earn money in the most possible honest way, people will always respect you. If your kids eat and go to school because of your ernings people will have no doubts that your job is like many others but, If you had something to hide perhaps because you are losing, maybe then is when you feel ashamed to explain what a hell you are doing..I speak of my personal experience when I was in denial. ..things turned in my favour only by luck and now I can easily explain what I do gaining people interests all the time..that`s only my story..obviuosly every-one has a different point of view and experience.
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CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
I do.I feel sorry for people who try to become traders and are feeling kind of ashamed of being one. What’s the point?
Who cares what people think anyway?
Please don't get me wrong, I'm not ashamed of what I do, but it's not like I live in a desert island and eventually the subject arises.
lol, mugsgame
Mugsgame!
You are a successful trader and regret not staying in employment? REALLY??!!
Friends with smug smile at your apparent demise!!!!!
Jealousy and expectations of handouts!!!!
Selling the Bl**dy harley to divert the envy!!!
For gods sake man what world are you living in ??!!
I mean really - just who the hell are these people? in all the years I have been trading I NEVER encounterd jealousy and as someone who has worked in hospitality for years I have many friends on Sh*te pay for long unsociable hours who would be forgiven for being jealous. The general attitude though is one of "good on yer mate"
Why did you leave employment in the first place? Regretting is nonsense - your decision to do so was based on your feelings at that time. To not have left work could just as easily left you in a position of feeling what if...?
From reading your post I suspect what you really miss is the feeling of respect afforded to you by work collegues when you were in a clearly successful career. It could explain why you are particularly sensitive to negative behavior to what you do. This I can understand.
You are probably more respected by those around you than you are aware, but it wont be obvious. Envious behavior will always be easier to pick out.
You certainly have my respect for what you have achieved.
Your perception of where you are against where you actually are is distorted.
You have, against all odds created a position for yourself where you can work from anywhere in the world, tax free, with a laptop and an internet connection.
Step outside the world that surrounds you and see the light!
You are a successful trader and regret not staying in employment? REALLY??!!
Friends with smug smile at your apparent demise!!!!!
Jealousy and expectations of handouts!!!!
Selling the Bl**dy harley to divert the envy!!!
For gods sake man what world are you living in ??!!
I mean really - just who the hell are these people? in all the years I have been trading I NEVER encounterd jealousy and as someone who has worked in hospitality for years I have many friends on Sh*te pay for long unsociable hours who would be forgiven for being jealous. The general attitude though is one of "good on yer mate"
Why did you leave employment in the first place? Regretting is nonsense - your decision to do so was based on your feelings at that time. To not have left work could just as easily left you in a position of feeling what if...?
From reading your post I suspect what you really miss is the feeling of respect afforded to you by work collegues when you were in a clearly successful career. It could explain why you are particularly sensitive to negative behavior to what you do. This I can understand.
You are probably more respected by those around you than you are aware, but it wont be obvious. Envious behavior will always be easier to pick out.
You certainly have my respect for what you have achieved.
Your perception of where you are against where you actually are is distorted.
You have, against all odds created a position for yourself where you can work from anywhere in the world, tax free, with a laptop and an internet connection.
Step outside the world that surrounds you and see the light!
Love the post, it made me smile & brings in another perspective.Yantraman wrote:Mugsgame!
You are a successful trader and regret not staying in employment? REALLY??!!
Friends with smug smile at your apparent demise!!!!!
Jealousy and expectations of handouts!!!!
Selling the Bl**dy harley to divert the envy!!!
For gods sake man what world are you living in ??!!
I mean really - just who the hell are these people? in all the years I have been trading I NEVER encounterd jealousy and as someone who has worked in hospitality for years I have many friends on Sh*te pay for long unsociable hours who would be forgiven for being jealous. The general attitude though is one of "good on yer mate"
Why did you leave employment in the first place? Regretting is nonsense - your decision to do so was based on your feelings at that time. To not have left work could just as easily left you in a position of feeling what if...?
From reading your post I suspect what you really miss is the feeling of respect afforded to you by work collegues when you were in a clearly successful career. It could explain why you are particularly sensitive to negative behavior to what you do. This I can understand.
You are probably more respected by those around you than you are aware, but it wont be obvious. Envious behavior will always be easier to pick out.
You certainly have my respect for what you have achieved.
Your perception of where you are against where you actually are is distorted.
You have, against all odds created a position for yourself where you can work from anywhere in the world, tax free, with a laptop and an internet connection.
Step outside the world that surrounds you and see the light!
I took Voluntary Redundancy, but at the time I had a couple of attractive offers on the table, my plan was to give it 6 months and see if I could make it as a trader. Six months turned into 12, 1 year into 5...... you get the picture.
I'm sure you guys are right, the problems are in my imagination.
I need to get out more
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blakey1271
- Posts: 2
- Joined: Sat Dec 12, 2009 7:54 am
A very interesting subject!!!
In its most simple form "A QUITER NEVER WINS BUT A WINNER NEVER QUITS"
In its most simple form "A QUITER NEVER WINS BUT A WINNER NEVER QUITS"
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oddstrader
- Posts: 344
- Joined: Fri Apr 16, 2010 4:55 pm
i like that nice quoteblakey1271 wrote:A very interesting subject!!!
In its most simple form "A QUITER NEVER WINS BUT A WINNER NEVER QUITS"
Well,
Spare a thought for poor folks like me, who still can't make a penny out of trading, even after staring at the markets non-stop for over a year.
I've followed all advice exactly, trying to let profits run and stop loss on losses, but this only causes me to lose even faster, stop loss is the fastest way to the poor house ever devised for me. I've tried following trends... lose, lose, lose, I've tried opposing trends... lose, lose, lose, I've tried all sorts of stop loss... which causes me to lose 10x as fast, I've tried reversing what I'm doing and doing the opposite, unfortunately reversed stupidly is not intelligence, so lose, lose lose again. I find Peter Webb hilarious.. he says I can't miss in the clear markets, but everywhere I go I just go on losing losing losing with frightening efficiency. Not a single penny.
The few winning methods I have are not trading at all really, they are more punting, if I make an exhaustive form analysis and enter a few selected markets far in advance I am profitable in those instances, and also, I have a few successful In-Play tricks that are profitable, but again, these things are not really trading, more punting.
Spare a thought for poor folks like me, who still can't make a penny out of trading, even after staring at the markets non-stop for over a year.
I've followed all advice exactly, trying to let profits run and stop loss on losses, but this only causes me to lose even faster, stop loss is the fastest way to the poor house ever devised for me. I've tried following trends... lose, lose, lose, I've tried opposing trends... lose, lose, lose, I've tried all sorts of stop loss... which causes me to lose 10x as fast, I've tried reversing what I'm doing and doing the opposite, unfortunately reversed stupidly is not intelligence, so lose, lose lose again. I find Peter Webb hilarious.. he says I can't miss in the clear markets, but everywhere I go I just go on losing losing losing with frightening efficiency. Not a single penny.
The few winning methods I have are not trading at all really, they are more punting, if I make an exhaustive form analysis and enter a few selected markets far in advance I am profitable in those instances, and also, I have a few successful In-Play tricks that are profitable, but again, these things are not really trading, more punting.