My Darkest and final day

[steven1976]

If you have been doing it full time for 8-9k a year, then you may also question do you see potential to grow beyond that as that would be i presume less than minimum wage in the UK. If your doing it on the side as a bit of fun or to supplement work, then dont let it get you down and just jump back on after a break.

[lsmiles]

Listen mate I havent said anything negative at all, What I gave was an analogy. Never suggested anything as the such that your too fat.

Lets be honest here. IMO someone at the age of 20 who has a mortgage is very unlikely to blow 8k trading the way you did.

I am not suggesting this is impossible but in order to get a mortgage at such an early age would require somebody with the life skills and someone tight as shit to not blow a bank like that.

Although I dont agree with everybody and most dont agree with me I think its fair to say you sound like a compulsive gambler. You know what a compulsive gambler does, they are usually compulsive liars.

Some of the advice here may be painful but alot of people have shown there sympathy and alot have give there opinions. The advice given is right imo from every comment above.

Some here have seen it all and I think they sussed it before most.

If you want to really make trading work, your have to make changes. Changes your not aware of.
If not and what you say is true, I have to agree at the age of twenty with a mortgage go out there and shag everything and invest your money. Your twenty.

You have made the first step already now its your choice on your next step. But the truth is what helps you.

A forum can be very blunt thats just the way there are but everyone has been helpful.

Spot on and well said, couldn't agree more.

[trader44]

the difference between failure and success in trading is the ability to take a loss .reduce the loss as much as possible then trade the next race as normal,wether that next race is 2minutes or 2 weeks after the loss .this is experience talking ..its how you handle the losses that keeps you successful long term .Obviously If your edge has gone thars different but if nothing has changed in your methods then it comes down to one thing ,"HOW YOU HANDLE LOSSES" ie what you do afterwards ..

[to75ne]

clearly these people cant trade, they are useless (at trading). STOP ENCOURAGING THEM. it is really is irresponsible, would you encourage junkies etc.

[eddy9005]

trouble is you cant trade if you are being manipulated ,unless you find the key you might as well throw your money down the drain ,im talking horse racing, although through years of videoing and stats, someone is always 4 ticks ahead of you , so just remember your not playing a fair game , when you realise this you will make money, but only at the hands of other trusting individuals who will constantly lose their money to you. football is another matter it is possible to get a few trades through the market but remember the market will only move in your direction once the controllers have had their profit first. something to ponder on for a boring saturday.

[trader44]

I aren't encouraging anyone I am simply stating a fact .and it is a fact ,therefore if you cant handle the losses you will go bust .Fact

[trader44]

i definitely said fact to many times in that last post ,ignore the one i just said as well

[steven1976]

trouble is you cant trade if you are being manipulated ,unless you find the key you might as well throw your money down the drain ,im talking horse racing, although through years of videoing and stats, someone is always 4 ticks ahead of you , so just remember your not playing a fair game , when you realise this you will make money, but only at the hands of other trusting individuals who will constantly lose their money to you. football is another matter it is possible to get a few trades through the market but remember the market will only move in your direction once the controllers have had their profit first. something to ponder on for a boring saturday.

They do obviously sometimes have to eventually give back some money but they have the advantage of holding you in a loosing position for long periods for small movements by just putting up big amounts and slowly matching their own money down generating commissions. I wonder if one day it will ever be seen as fraud. A couple of years ago BF also stopped allowing new customers have new linked accounts, so its certainly not a level playing field

[spreadbetting]

I think he's saying he started with a bank of £1k, went up to £10k through trading, but then lost it and has come back down to his original £1k - i.e. he hasn't lost anything but is back at scratch. To me that seems fine and actually not a bad start - not failure. To me, your first experience of disaster following chasing losses is part of the learning process and it's ok if you're back at scratch following it.

Betting forums are littered with punters who only ever lose 'winnings' , it's usually wise to remain cynical until proved otherwise.

No one likes to admit they've lost, although there are some pro traders who'll happily admit they only place losing bets on Betfair in order to avoid PC charges. Why they'd even place the losing part of the bets is beyond me, maybe I need to buy one of their ebooks or attend their training course to find out why.

[jonnyg]

footnote > sorry to be a conspiracy theorist < but it would not surprise me if the thread starter is an Adam Heathcote made up character > having researched social media and the betting industry > nothing surprises me anymore

Keep your eye on Robert Salter > blog owner who advised that there are walter mitty characters in the betting industry

[Euler]

Adam Heathcote was not a made up character, he was one of the most natural traders I ever met. It's a shame people who do actually do this or still do it for a living get treated like trash while complete frauds ride off into the sunset with millions. Shame on people for not outing those frauds.

[foxwood]

Well if Mr Heathcote was made up then it's one of the most comprehensive charades ever devised

Apart from his old trading blog and the inspiration it has given so many people over the years a little research shows him alive and well.

He comes complete with a LinkedIn profile, and as a registered company director at Companies House occupying a senior position in a bespoke travel company.

Still, I'm sure the conspiracy theorists can Google something that says that is wrong. After all, we know it's always someone else's fault when money is lost and the Heathcote story makes a fine scapegoat for easy-money naivety

[CLOWNSHOES]

Adam Heathcote was not a made up character, he was one of the most natural traders I ever met. It's a shame people who do actually do this or still do it for a living get treated like trash while complete frauds ride off into the sunset with millions. Shame on people for not outing those frauds.

You're clearly the best positioned of anyone to 'out those frauds'.

[SeaHorseRacing]

The non frauds are not prepared to really show anybody how, why, where on what to really do to make it work.
Masterclasses, blogs, videos is still not really showing people exactly how it is done.

Whereas the frauds are offering the service people want.

I cant understand why this is the case but I believe it falls down to a lot of that.
The truth is that people are offering bullshit for cheap whereas something like one to one tuition is the best part of a £1,000 a day...

[jonnyg]

I am gobsmacked > I thought everyone was aware that YES Adam was a real person but he was a created by another entity