Nice trading quote

[Iron]

'The question everyone wants an answer to, that I always try to sidestep is “How much can I make a day”. It’s a question a dislike intently and I am usually intentionally vague.

For us, learning to trade is about execution. Learning the basics, the building blocks that will enable you to scale up your stakes to a point where you are comfortable. This is a long and arduous journey. It doesn’t happen overnight. It’s down to knowing the signals, then applying them over and over and over. Until it becomes natural.

Knowing the signals though just isn’t enough. You need mental toughness, resilience and discipline. In my experience, the traders who “make it” are the ones that want it the most. They are determined and never give up.

But once you reach that Nirvana and are on that glorious path to untold riches, that’s not the be all and end all. We are told constantly by the betting industry. “When the fun stops, stop”. It’s the strapline at the end of every advert involving any bookie. You see the gambleaware logo everywhere too.

To be honest with you. I don’t think many bookies give a flying fuck if you “put gambling before your mates”.

Gambling or trading (same thing) is destructive, make no mistake. That applies to when you are winning or losing. Ok, it’s better when you are winning, at least you can pay your bills. But winning brings its own issues.

If you are making £1k a day, after a lifetime of struggling to make ends meet. Would you readily give that up to get dragged around B&Q on a Saturday afternoon? Or to have a day out with your mates on your Motorcycle or go to a match?

There are massive choices to be made when you embark on this journey. Have I got the mental toughness to endure the hard times? Have I got the strength to resist temptation when the good times arrive?

If you can identify yourself with something I have described here and feel alone or don’t know what to do. Get help! Whether that is through the gambleaware.org
website or give us a shout (in complete confidence) it’s good to have a friend who can identify with your problem.

Stay Safe and Green'

A Betfair trading coach

[Derek27]

What's the point in having an entire post in bold?

I thought something was wrong with my screen.

[Iron]

What's the point in whinging?

I'm not going to justify myself to you.

You could have PMed me if you wanted to provide constructive feedback.

Don't you think there has been enough complaining on the forum recently?

Does 'Add Foe' have the effect of blocking people? Blocking/muting is possibly the only reason I am still on Twitter, and I'd like to use that facility in this forum (even though I'm a rare visitor these days). I love vibrant discussion, but when things get heated, well, I ain't getting any younger, and there are things I'd rather do with my time...

What's the point in having an entire post in bold?

I thought something was wrong with my screen.

[Derek27]

What's the point in whinging?

I'm not going to justify myself to you.

You could have PMed me if you wanted to provide constructive feedback.

Don't you think there has been enough complaining on the forum recently?

Does 'Add Foe' have the effect of blocking people? Blocking/muting is possibly the only reason I am still on Twitter, and I'd like to use that facility in this forum (even though I'm a rare visitor these days). I love vibrant discussion, but when things get heated, well, I ain't getting any younger, and there are things I'd rather do with my time...

What's the point in having an entire post in bold?

I thought something was wrong with my screen.

You're getting really touchy Jeff!

I wasn't whinging, I wasn't having a bash at you, it was just a brief comment and I wasn't even expecting a reply.

[ShaunWhite]

If you are making £1k a day, after a lifetime of struggling to make ends meet. Would you readily give that up to get dragged around B&Q on a Saturday afternoon? Or to have a day out with your mates on your Motorcycle or go to a match?

Yes.

Interesting alternatives to working there, mates or a match or being 'dragged' round with your family. What happened to wanting to be with your family?

I just don't see how can people justify telling the kids that they don't want to spend time with them because you'd rather have your own idea of fun, or £1,001,000 in the bank instead of £1,000,000. Kids want your time not an extra holiday or to see you in a slightly bigger house/car/ego. I didn't care if my dad had a million or a fiver because he gave me the most valuable thing he had, time, and those memories are more precious now he's gone than how 'sucessful' he was.

Lots of guys on here are of an age where they're sadly losing parents, how many would give up a month or even a year's wages for the chance to have just one more pint with them. And that's how your children will feel about you.

My boy's visiting for the first time in 3 months this weekend, I wish it was every weekend. Fuck the money.

[jimibt]

If you are making £1k a day, after a lifetime of struggling to make ends meet. Would you readily give that up to get dragged around B&Q on a Saturday afternoon? Or to have a day out with your mates on your Motorcycle or go to a match?

Yes.

Interesting alternatives to working there, mates or a match or being 'dragged' round with your family. What happened to wanting to be with your family?

I just don't see how can people justify telling the kids that they don't want to spend time with them because you'd rather have your own idea of fun, or £1,001,000 in the bank instead of £1,000,000. Kids want your time not an extra holiday or to see you in a slightly bigger house/car/ego. I didn't care if my dad had a million or a fiver because he gave me the most valuable thing he had, time, and those memories are more precious now he's gone than how 'sucessful' he was.

Lots of guys on here are of an age where they're sadly losing parents, how many would give up a month or even a year's wages for the chance to have just one more pint with them. And that's how your children will feel about you.

My boy's visiting for the first time in 3 months this weekend, I wish it was every weekend. Fuck the money.

too true... perspective means standing back. standing back means facing yourself. facing yourself means accepting your decisions... and so it goes on. as you say, place a value on the things that can't be purchased!

[ShaunWhite]

too true... perspective means standing back. standing back means facing yourself. facing yourself means accepting your decisions... and so it goes on. as you say, place a value on the things that can't be purchased!

Cheers Jimi, it's easy to think you're out on a limb when you're in such a 'money comes first' environment.

I've said my piece, now I'll shut up

[jimibt]

too true... perspective means standing back. standing back means facing yourself. facing yourself means accepting your decisions... and so it goes on. as you say, place a value on the things that can't be purchased!

Cheers Jimi, it's easy to think you're out on a limb when you're in such a 'money comes first' environment.

I've said my piece, now I'll shut up

yeah - rewind: https://www.youtube.com/watch?v=tUqvPJ3cbUQ

[ShaunWhite]

yeah - rewind: https://www.youtube.com/watch?v=tUqvPJ3cbUQ

hehe 2nd single I ever bought, 1st was White Riot. Had to play them on my brother's Dansette because my folks thought they'd damage their 'music centre' speakers

Music was definately eclectic back then.

[jimibt]

yeah - rewind: https://www.youtube.com/watch?v=tUqvPJ3cbUQ

hehe 2nd single I ever bought, 1st was White Riot. Had to play them on my brother's Dansette because my folks thought they'd damage their 'music centre' speakers

Music was definately eclectic back then.

time for a *what was you 1st vinyl* thread then -lol

[Euler]

Trading gives me the freedom to do more with my family, but like any job, if you want to do really well you have to work really hard. But that in itself is a lesson for the kids! The funny thing that I have found, which I half expected, was that they don't want to work so hard, but like the money. I'm doing my best to teach them that both go together and that you can't pick and choose.

I find it ironic how often you see people on the sell side come up with wordy positioning statements that contradict their own reality. I've always worked hard to be consistent in my outlook and actions as that's the only way you make real long-term progress in my opinion. You should live by your word, good and bad or you just end up having to remember what you said to whom, better to just be honest. A lot of people who position themselves as being all enlightened often don't trade and / or didn't hold their family together. Not exactly the best role models!

I lost my parents quite some time ago, but that acted as a bit motivator for me as they both died without having fulfilled their potential for one reason or another. So I wanted to live to my full potential. I've far exceeded what most people felt I could, so if I died tomorrow I'd be a bit pissed off, but there isn't much I would change and I've done a lot of the things I thought were impossible. I'll continue to live like that.

[wearthefoxhat]

Trading gives me the freedom to do more with my family, but like any job, if you want to do really well you have to work really hard. But that in itself is a lesson for the kids! The funny thing that I have found, which I half expected, was that they don't want to work so hard, but like the money. I'm doing my best to teach them that both go together and that you can't pick and choose.

I find it ironic how often you see people on the sell side come up with wordy positioning statements that contradict their own reality. I've always worked hard to be consistent in my outlook and actions as that's the only way you make real long-term progress in my opinion. You should live by your word, good and bad or you just end up having to remember what you said to whom, better to just be honest. A lot of people who position themselves as being all enlightened often don't trade and / or didn't hold their family together. Not exactly the best role models!

I lost my parents quite some time ago, but that acted as a bit motivator for me as they both died without having fulfilled their potential for one reason or another. So I wanted to live to my full potential. I've far exceeded what most people felt I could, so if I died tomorrow I'd be a bit pissed off, but there isn't much I would change and I've done a lot of the things I thought were impossible. I'll continue to live like that.

Thanks for sharing your thoughts.

In poker, there's a saying .... "It's a hard way to make an easy living"

I suppose much applies to trading. (if quote has previously been in this used in this thread.. I apologise in advance)

[ShaunWhite]

So I wanted to live to my full potential.

Full potential to me is a horizontal not a vertical ie be good at many things rather than be outstanding at one thing. But that's not to say that I can't see the pros and cons in both modus operandi. No certainties, only likelihoods that either camp is right.

I know you're not advocating total immersion in one goal, you wouldn't take time out to play tennis or travel the world or help us all here so much if that was the case. Life's a tricky balancing act, spread yourself too thinly and nothing gets done well, focus too sharply and it's the only thing that gets done well. You could be a better trader if you were more selfish and I could be a better trader if I wasn't doing other things too.

So, as long as you're happy, I'm happy, and those we care about are happy, I'd say we're both winners.

[ShaunWhite]

I find it ironic how often you see people on the sell side come up with wordy positioning statements that contradict their own reality.

What does this mean?

I was also intrigued by the 'all' preceding 'enlighten' as it had a disparaging tone. Should their past failures be a reason to give up on their aspirations? The road to success is paved with failure. Perhaps you were just disparaging about them being sanctimonious. That's often the case with people who seek or find their own Nirvana, they become evangelical about it and dismissive of alternatives.

[Wolf1877]

Trading gives me the freedom to do more with my family, but like any job, if you want to do really well you have to work really hard. But that in itself is a lesson for the kids! The funny thing that I have found, which I half expected, was that they don't want to work so hard, but like the money. I'm doing my best to teach them that both go together and that you can't pick and choose.

Interesting thoughts. I think it is a very common problem for anyone who has done well in life through hard work and determination that their kids are unlikely to be driven. Its a bit like the repetitive patterns in trading markets. My kids have had a fairly comfortable upbringing and they are nowhere near as driven as I am. Good luck with trying to teach them that lesson but I think that could be your hardest challenge yet!

As to this trading lark, I love it, I hate it, I'm obsessed with it, I'm frustrated with it, I've over-analysed it to death and I've been up a lot of blind alleys with it so I can well understand just how hard you have had to work at this. I've certainly not cracked it yet, but I will!