best piece of advice you have been given

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hamloy
Posts: 2
Joined: Sun Apr 19, 2009 9:59 am

Trade with minimum stakes (£2) while learning. At end of trading compare profit and loss in percentage terms to your bank.
eg trade 10 races with a starting bank of £20. Total profit of £2 over the ten races is actually a 10%profit for the day. Plus when trades go bad and they will. The damage is not so bad.
Dont be over ambitious and stay disciplined.
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GaryCook
Posts: 128
Joined: Sat Jan 27, 2018 6:35 pm

Dont trade for money. Do it for fun. Then if its makes money it's a bonus.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

GaryCook wrote:
Thu Jun 28, 2018 8:35 am
Dont trade for money. Do it for fun. Then if its makes money it's a bonus.
Probably the worst piece of advice I could imagine. Not sure trying to get your kicks from trading is the way to go, probably lead to all sorts of bad habits or a heart attack :)

How's the trading and the fun going, btw?
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wearthefoxhat
Posts: 3205
Joined: Sun Feb 18, 2018 9:55 am

"Someday chicken, someday feathers" (Sums up the peaks/troughs of trading overall)

If your vegan; "Someday tofu, someday tough luck"
Jukebox
Posts: 1576
Joined: Thu Sep 06, 2012 8:07 pm

If something looks too good to be true it probably is.
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superfrank
Posts: 2762
Joined: Fri Aug 14, 2009 8:28 pm

Never take advice from an amateur golfer.
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ShaunWhite
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Joined: Sat Sep 03, 2016 3:42 am

Before going for a night out, my old man used to tell me... "If you're not in bed by midnight, come home."
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GaryCook
Posts: 128
Joined: Sat Jan 27, 2018 6:35 pm

spreadbetting wrote:
Thu Jun 28, 2018 11:46 am
GaryCook wrote:
Thu Jun 28, 2018 8:35 am
Dont trade for money. Do it for fun. Then if its makes money it's a bonus.
Probably the worst piece of advice I could imagine. Not sure trying to get your kicks from trading is the way to go, probably lead to all sorts of bad habits or a heart attack :)

How's the trading and the fun going, btw?
Great because I do it out of interest only. Therefore I always win where almost everybody else is losing.
stueytrader
Posts: 863
Joined: Tue Dec 15, 2015 6:47 pm

spreadbetting wrote:
Thu Jun 28, 2018 11:46 am
GaryCook wrote:
Thu Jun 28, 2018 8:35 am
Dont trade for money. Do it for fun. Then if its makes money it's a bonus.
Probably the worst piece of advice I could imagine. Not sure trying to get your kicks from trading is the way to go, probably lead to all sorts of bad habits or a heart attack :)

How's the trading and the fun going, btw?
To be fair I think there's something in the initial suggestion, at least when first getting to grips. Taking the pressure off can be a good thing, but keep to lower stakes while doing it. Of course, the term fun should be better defined - i.e. don't necessarily look to make your living from it, and once you find it's going well then take it all more serious - if it isn't then at least it was just a hobby for small stakes (the staking is key to this point though).
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Crazyskier
Posts: 1157
Joined: Sat Feb 06, 2016 6:36 pm

...look after the pennies, and the pounds take care of themselves.

(Scalable too!)

CS
footysystems
Posts: 165
Joined: Thu May 09, 2013 5:57 pm

Dont eat Yellow snow and you will never make money trading :lol:
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SeaHorseRacing
Posts: 2893
Joined: Fri May 20, 2016 7:06 pm

Dai Burchell said to me “ Every trainer in the game is trying to find an edge.
They best advantage you can have is to send your horses racing when fit.”
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ShaunWhite
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Joined: Sat Sep 03, 2016 3:42 am

SeaHorseRacing wrote:
Thu Jul 05, 2018 9:22 pm
They best advantage you can have is to send your horses racing when fit.”
Rather than when they're not?
Halliday
Posts: 460
Joined: Sun Jun 12, 2016 3:40 pm

SeaHorseRacing wrote:
Thu Jul 05, 2018 9:22 pm
Dai Burchell said to me “ Every trainer in the game is trying to find an edge.
They best advantage you can have is to send your horses racing when fit.”


Like Dai Burchell as a trainer , straight talking and can ready a horse. Met him a few times, remember him telling me about setting up with his redundancy money from steel works.
But would take that quote with a pinch of salt..It was only last April that he was fined £3,000 by the stewards at Ffos Las for “ schooling and conditioning a horse in public, not the first time he’s done this, over the years.
Halliday
Posts: 460
Joined: Sun Jun 12, 2016 3:40 pm

ShaunWhite wrote:
Thu Jul 05, 2018 10:30 pm
SeaHorseRacing wrote:
Thu Jul 05, 2018 9:22 pm
They best advantage you can have is to send your horses racing when fit.”
Rather than when they're not?
He’s a bit of a “Scally “ is our Dai, and often runs his horses when clearly they are not race fit , as the stewards will testify , but he can get one ready , and is certainly more proficient then some trainers a lot younger and more high profile then him. Just never given the volume or class of horse to prove it , over a long career
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