Nice trading quote

[Iron]

it's not a blind optimism, its just a 'lets see what we can do' sort of optimism.

Believe it or not, I'm actually a fan of that kind of thinking!

I just think it needs to be tempered with asking, 'What could go wrong?'.

I was listening recently to an interview with a guy who's studied extremely successful people (self-help guru Tony Robbins).

One of the things he said was that Richard Branson, when weighing up a potential business venture, asks what the potential downside is. It's as important a consideration as what could go right.

Jeff

[Euler]

I used to worry too much about what could go wrong and never asked what could go right. In fact an awful lot can and you realise that too many people focus on the former and miss opportunities. The fact that people are so focused on the downside actually creates opportunity for people who can think in the opposing manner.

[Iron]

"There are old traders, there are bold traders, but there are no old, bold traders."

Ed Seykota

[Iron]

'In this new era, you have two choices: become a temp staffer (not a horrible choice) or become an artist-entrepreneur. Choose to commoditize your labor or choose yourself to be a creator, an innovator, an artist, an investor, a marketer, and an entrepreneur. I say “and” rather than “or” because now you have to be all of the above. Not just one. An artist must also be an entrepreneur. That’s it. Those ARE your choices.

Cubicles are getting commoditized. And when that happens, they empty out. I saw it with my own eyes when I visited my investor friend and stared out his office windows at the vacant vertical city.

And now I see it happening every day. It’s not something that can be changed with laws or with printing money or with a change in values. It’s history now. The world has already changed, and all the pieces are just falling into place.'

Altucher, James (2013-06-03). Choose Yourself! (pp. 26-28). . Kindle Edition.

[Zenyatta]

"Once you admit that luck was crucial to your success, you have to confront the terrifying possibility that your luck may run out someday"

-Cory Doctorow

[Euler]

Fortunate then that my trading doesn't rely on luck, just good old fashioned hard work.

[Golfer]

"Fortunate then that my trading doesn't rely on luck, just good old fashioned hard work."

P.Webb (2014)

[Zenyatta]

Fortunate then that my trading doesn't rely on luck, just good old fashioned hard work.

[Iron]

'I often trade the favourite as this is usually where the action is. If there is no opposition it will steam, if there is opposition it may drift. But if there is opposition AND it is still coming in, then this means to resist this opposition people really want to back it. Once it breaks the will of whichever runner(s) that are opposing it, then it usually really motors.'

[Wyndon]

Does anybody seriously believe that Peter is either fabricating his profits or that it's all down to luck? I'm reminded of forums that criticise racing as being bent through and through and yet those same people continue to bet on it. If Peter can't make a profit, neither can you - forget it and save your money.

[Iron]

Not that I'm aware of, but there will always be conspiracy theorists...

Jeff

Does anybody seriously believe that Peter is either fabricating his profits or that it's all down to luck? If Peter can't make a profit, neither can you - forget it and save your money.

[oscar123]

If there is no opposition it will steam, if there is opposition it may drift.

Wow, mind blowing insight.

[Iron]

And to think Peter accuses me of negativity!

It might not occur to all traders to look at what Horses B and C are doing when assessing what Horse A might do next.

Obviously, you're an ultra-advanced trader to whom that kind of observation is a statement of the ridiculously obvious. I am honoured to be in the presence of greatness.

Jeff

If there is no opposition it will steam, if there is opposition it may drift.

Wow, mind blowing insight.

[Naffman]

If there is no opposition it will steam, if there is opposition it may drift.

Wow, mind blowing insight.

I seriously don't get what is being said here. Is there a typo in there because it doesn't make any sense.

[Euler]

Does anybody seriously believe that Peter is either fabricating his profits or that it's all down to luck? I'm reminded of forums that criticise racing as being bent through and through and yet those same people continue to bet on it. If Peter can't make a profit, neither can you - forget it and save your money.

I took the opportunity during the ambassador campaign to post up some nice totals, trades and other stuff under the spotlight and scrutiny of Betfair. So I'm hoping any doubt was put to bed once and for all during that campaign. I felt it was a good chance to do that.