Adam Heathcote

The sport of kings.
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Korattt
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wouldn’t take that much notice from Heathcote’s blog, times have significantly changed since then, I quizzed Dave Raybould about it a few months ago, Dave advised that Adam’s method wouldn’t cut it these days
Trader Pat
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Korattt wrote:
Tue May 01, 2018 6:32 pm
wouldn’t take that much notice from Heathcote’s blog, times have significantly changed since then, I quizzed Dave Raybould about it a few months ago, Dave advised that Adam’s method wouldn’t cut it these days
I think theres a lot to learn for most of us from what Adam Heathcote achieved and to say he couldnt achieve the same now I think is being very unfair. I accept some aspects of the market may have changed but to get to the level he did shows that he could have adapted his style if need be.

To say times have changed may be true but putting aside his actual trading skills for a minute I for one would give a lot to have his trading mentality which must have been pretty epic to make the sums he did on such a consistent basis.

I can't comment on Dave Raybould because I dont know who that is but I think if AH was still trading now he'd be doing pretty well in the markets.
dt888
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Trader Pat wrote:
Tue May 01, 2018 7:07 pm

I think theres a lot to learn for most of us from what Adam Heathcote achieved and to say he couldnt achieve the same now I think is being very unfair. I accept some aspects of the market may have changed but to get to the level he did shows that he could have adapted his style if need be.

To say times have changed may be true but putting aside his actual trading skills for a minute I for one would give a lot to have his trading mentality which must have been pretty epic to make the sums he did on such a consistent basis.

I can't comment on Dave Raybould because I dont know who that is but I think if AH was still trading now he'd be doing pretty well in the markets.
+1
Korattt
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apologies, what I mean’t was that it was deemed that the amounts that AH racked up would be difficult to achieve in the current markets due to lower liquidity these days along with lower amounts that you can get matched.
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ShaunWhite
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ruthlessimon wrote:
Tue May 01, 2018 4:24 pm
As far as I'm aware there will never be another "Moneymaker", because Poker has inherently changed (become far more difficult etc).
It didn’t change after him, he was the change.

My take is that Chris Moneymaker could have been almost anyone. All the skill and finesse went out of the game replaced by ultra aggressive play and working small edges, borne out of the online game where the next game comes along in 5mins (or playing 32 simultaneous games like Elky). People played a more skillful game when the next action was a week and 200mls away.

They moan too about the rake these days but that's because they're churning money; parallels with modern gambling and perhaps trading there I think.

Players rarely stay at the top long these days, gone are the times of people earning 14 WSOP bracelets like Phil Helmuth.
Korattt
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it was only a few weeks ago I learned Dave Ulliott is no longer with us
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ShaunWhite
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Looking at his results, the noticeable difference between mere mortals and AH was the relentless pushing forward once he had full confidence in his edge. If a tenner worked he'd go 100 next week then 300, and maybe a grand the next month. Brutal compounding.

Youth helps, make and lose a million before you're 25 and it's no big deal. Find yourself on your arse at 55 and it's a different story, especially if you've ever had to do a 'proper' job and know how hard money is to come by.
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ShaunWhite
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Korattt wrote:
Tue May 01, 2018 7:43 pm
it was only a few weeks ago I learned Dave Ulliott is no longer with us
That's a shame. Proper hard living rock and roll poker player.
Rip Devilfish.

https://www.telegraph.co.uk/news/obitu ... tuary.html
Bluesky
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Trader Pat wrote:
Tue May 01, 2018 7:07 pm
To say times have changed may be true but putting aside his actual trading skills for a minute I for one would give a lot to have his trading mentality which must have been pretty epic to make the sums he did on such a consistent basis.
I am sure if he was still trading then he could still make a lot of money, I would be surprised if he could make the kinds of sums he used to though or at the consistency he used to achieve. If I remember correctly he went on a run of something like 80 or 90 consecutive races where he was profitable on every one. An amazing display of skill, I don't know of any pro discretionary pre off horse racing trader who could match that kind of result in todays markets.

I am certain though that as the markets have changed he would have changed with them and although I have not heard it directly from him, I have heard rumours that he still does some trading and does fairly well.
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Mr Undercover
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it's a shame but Adam appears to have taken down his blog, although of it's time it was a good diary of the life of a successful trader.

For those who are skeptical i think Adam's experience was fairly typical of the journey many have been through to learn this level of skill... the take away for me was the precision and discipline of his execution which we can all learn from.
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ShaunWhite
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Mr Undercover wrote:
Fri Jun 01, 2018 2:56 pm
i think Adam's experience was fairly typical of the journey many have been through
:shock:
Euler wrote:
Mon Jun 27, 2016 9:20 am
He was also one of the most natural traders and risk takers I have ever seen and he was around in the market when, despite much scepticism, the market was a lot less complex than it is now.
annuity
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The only thing i can't believe about Adam is how many times that boy got sick. No wonder he started a health travel business :mrgreen: But jesus what a trader. Anyone who's read his blog and doesn't believe in him needs their head testing. It's all there, his journey, everything. Hopefully get to meet him on a yoga retreat sometime.
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paspuggie48
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Ironically Adam's name piped up on Twitter last week, with a 2min video where a guy had £8 in his bank and 3 hours later Adam turned it into £1500.

Must admit I'd never heard of him (not being in the trading game long) but such a shame he got stick for being successful.

Ironically, this is from his LinkedIn profile and his experience section...

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Trader Pat
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annuity wrote:
Sun Jan 13, 2019 1:13 am
The only thing i can't believe about Adam is how many times that boy got sick. No wonder he started a health travel business :mrgreen: But jesus what a trader. Anyone who's read his blog and doesn't believe in him needs their head testing. It's all there, his journey, everything. Hopefully get to meet him on a yoga retreat sometime.
Its a shame his blog is no longer available online, probably the best trading blog I've read.

He seemed to have a very natural trading style and virtually no self doubt.
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Kai
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Trader Pat wrote:
Sun Nov 28, 2021 2:27 pm
Its a shame his blog is no longer available online, probably the best trading blog I've read.
You can still view the blog, The Wayback Machine website had it stored : https://web.archive.org/web/20120419121 ... .co.uk:80/

It's one of the very few blogs that I've actually read at the very beginning, have it saved somewhere but from memory there weren't too many concrete trading tips.
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