Adam Heathcote
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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.
+1Trader 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.
- ShaunWhite
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It didn’t change after him, he was the change.ruthlessimon wrote: ↑Tue May 01, 2018 4:24 pmAs far as I'm aware there will never be another "Moneymaker", because Poker has inherently changed (become far more difficult etc).
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.
- 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.
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.
- ShaunWhite
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That's a shame. Proper hard living rock and roll poker player.
Rip Devilfish.
https://www.telegraph.co.uk/news/obitu ... tuary.html
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.Trader Pat wrote: ↑Tue May 01, 2018 7:07 pmTo 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 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.
- 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.
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.
- ShaunWhite
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Mr Undercover wrote: ↑Fri Jun 01, 2018 2:56 pmi think Adam's experience was fairly typical of the journey many have been through
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 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.
- 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...
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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Its a shame his blog is no longer available online, probably the best trading blog I've read.annuity wrote: ↑Sun Jan 13, 2019 1:13 amThe only thing i can't believe about Adam is how many times that boy got sick. No wonder he started a health travel business 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.
He seemed to have a very natural trading style and virtually no self doubt.
You can still view the blog, The Wayback Machine website had it stored : https://web.archive.org/web/20120419121 ... .co.uk:80/Trader Pat wrote: ↑Sun Nov 28, 2021 2:27 pmIts a shame his blog is no longer available online, probably the best trading blog I've read.
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.