Trade with minimum stakes (£2) while learning. At end of trading compare profit and loss in percentage terms to your bank.
eg trade 10 races with a starting bank of £20. Total profit of £2 over the ten races is actually a 10%profit for the day. Plus when trades go bad and they will. The damage is not so bad.
Dont be over ambitious and stay disciplined.
best piece of advice you have been given
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Probably the worst piece of advice I could imagine. Not sure trying to get your kicks from trading is the way to go, probably lead to all sorts of bad habits or a heart attack
How's the trading and the fun going, btw?
- wearthefoxhat
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"Someday chicken, someday feathers" (Sums up the peaks/troughs of trading overall)
If your vegan; "Someday tofu, someday tough luck"
If your vegan; "Someday tofu, someday tough luck"
- superfrank
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Never take advice from an amateur golfer.
- ShaunWhite
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Before going for a night out, my old man used to tell me... "If you're not in bed by midnight, come home."
Great because I do it out of interest only. Therefore I always win where almost everybody else is losing.spreadbetting wrote: ↑Thu Jun 28, 2018 11:46 amProbably the worst piece of advice I could imagine. Not sure trying to get your kicks from trading is the way to go, probably lead to all sorts of bad habits or a heart attack
How's the trading and the fun going, btw?
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To be fair I think there's something in the initial suggestion, at least when first getting to grips. Taking the pressure off can be a good thing, but keep to lower stakes while doing it. Of course, the term fun should be better defined - i.e. don't necessarily look to make your living from it, and once you find it's going well then take it all more serious - if it isn't then at least it was just a hobby for small stakes (the staking is key to this point though).spreadbetting wrote: ↑Thu Jun 28, 2018 11:46 amProbably the worst piece of advice I could imagine. Not sure trying to get your kicks from trading is the way to go, probably lead to all sorts of bad habits or a heart attack
How's the trading and the fun going, btw?
- Crazyskier
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...look after the pennies, and the pounds take care of themselves.
(Scalable too!)
CS
(Scalable too!)
CS
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Dont eat Yellow snow and you will never make money trading
- SeaHorseRacing
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Dai Burchell said to me “ Every trainer in the game is trying to find an edge.
They best advantage you can have is to send your horses racing when fit.”
They best advantage you can have is to send your horses racing when fit.”
- ShaunWhite
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Rather than when they're not?SeaHorseRacing wrote: ↑Thu Jul 05, 2018 9:22 pmThey best advantage you can have is to send your horses racing when fit.”
SeaHorseRacing wrote: ↑Thu Jul 05, 2018 9:22 pmDai Burchell said to me “ Every trainer in the game is trying to find an edge.
They best advantage you can have is to send your horses racing when fit.”
Like Dai Burchell as a trainer , straight talking and can ready a horse. Met him a few times, remember him telling me about setting up with his redundancy money from steel works.
But would take that quote with a pinch of salt..It was only last April that he was fined £3,000 by the stewards at Ffos Las for “ schooling and conditioning a horse in public, not the first time he’s done this, over the years.
He’s a bit of a “Scally “ is our Dai, and often runs his horses when clearly they are not race fit , as the stewards will testify , but he can get one ready , and is certainly more proficient then some trainers a lot younger and more high profile then him. Just never given the volume or class of horse to prove it , over a long careerShaunWhite wrote: ↑Thu Jul 05, 2018 10:30 pmRather than when they're not?SeaHorseRacing wrote: ↑Thu Jul 05, 2018 9:22 pmThey best advantage you can have is to send your horses racing when fit.”