Brilliant idea! Catch C19, go to a racecourse every day and spread it around. It would have to be an antepost market though.
Rescuing a trade gone wrong.
- Realrocknrolla
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Thanks for the response guys and girls.
- Realrocknrolla
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These are great. Thanks.Kai wrote: ↑Fri Sep 11, 2020 7:38 pmFair enough. Can find a few quick ones using search on the Bet Angel Youtube channel.Realrocknrolla wrote: ↑Fri Sep 11, 2020 7:20 pmDefinitely not trolling. The question was are there any videos of things gone wrong? Rather than everything going correct in the videos. If not no worries.
I was just looking for examples and tips to be fair. Never can stop learning.
Dealing with losses : https://www.youtube.com/watch?v=Ly6uUc84YnA
Betting loss recovery systems & strategies : https://www.youtube.com/watch?v=nh0IngAgsoI
A losing trade : https://www.youtube.com/watch?v=faHJ7dZAylM
Getting it wrong : https://www.youtube.com/watch?v=ae5yE1HG7bo
In my experience, there's no such thing as 'rescuing' a trade that's gone wrong
What you need to do is LEARN from a trade that's gone wrong, and then make sure you avoid making the same mistake again next time
Getting into a mentality of 'rescuing' a bad trade, sends you down the well trodden path to bankruptcy......chasing
What you need to do is LEARN from a trade that's gone wrong, and then make sure you avoid making the same mistake again next time
Getting into a mentality of 'rescuing' a bad trade, sends you down the well trodden path to bankruptcy......chasing
Someone probably already said the obvious, but accepting losses is a normal part of many many profitable strategies
And if you think about it, cutting losses and bad trades in general is a profitable strategy in itself as well, and that "profit" comes from not doubling or tripling those losses further
And if you think about it, cutting losses and bad trades in general is a profitable strategy in itself as well, and that "profit" comes from not doubling or tripling those losses further
- wearthefoxhat
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Maybe looking at yourself as a risk manager might help.
If you let the ego in, then arrogance and a false self confidence could creep in too. Then you take more risk thinking you are invincible and then your bank, or you, blow up....or both.
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
If you let the ego in, then arrogance and a false self confidence could creep in too. Then you take more risk thinking you are invincible and then your bank, or you, blow up....or both.
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
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Always easy to be a maverick when you're trading with other people's money.wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pm
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
The easiest job in the world is spending other people's moneyspreadbetting wrote: ↑Sun Sep 13, 2020 3:10 pmAlways easy to be a maverick when you're trading with other people's money.wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pm
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
- ShaunWhite
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It's obvious you don't know much about that world. Pay is linked to performance, if you don't deliver you just get your basic and then you're out on your ear.spreadbetting wrote: ↑Sun Sep 13, 2020 3:10 pmAlways easy to be a maverick when you're trading with other people's money.wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pm
I watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
Wtfh, I wouldn't read much into a documentary, if they weren't 'characters' they wouldn't be featured. The vast majority are introverted verging on savant but of course that's not a very interesting when you want to sensationalise something.
- johnsheppard
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What was it called? I like documentaries, and psychopaths are interesting too (when observed via a tv screen). Shaun's probably right though about sensationalised things, I wonder if I could damaged my brain from watching such things....wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pmI watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
- wearthefoxhat
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The financial brain of the London City. - Docu 2013johnsheppard wrote: ↑Mon Sep 14, 2020 12:04 amWhat was it called? I like documentaries, and psychopaths are interesting too (when observed via a tv screen). Shaun's probably right though about sensationalised things, I wonder if I could damaged my brain from watching such things....wearthefoxhat wrote: ↑Sun Sep 13, 2020 2:55 pmI watched a documentary about investment bank traders in the city. The trait they seem to have is one of a psychopathic tendency...might explain one or two things...or maybe not....
https://www.youtube.com/watch?v=jd-7A9aosw0
- johnsheppard
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Thank you. It's on my watch list now
(Sorry to interrupt the flow of the thread). I think it's the general consensus that there is no such thing as rescuing a trade gone wrong. Seems logical to me. Unless you have a time machine...in which case you'd need a cape and a logo...
(Sorry to interrupt the flow of the thread). I think it's the general consensus that there is no such thing as rescuing a trade gone wrong. Seems logical to me. Unless you have a time machine...in which case you'd need a cape and a logo...
LOL:johnsheppard wrote: ↑Mon Sep 14, 2020 6:30 amThank you. It's on my watch list now
(Sorry to interrupt the flow of the thread). I think it's the general consensus that there is no such thing as rescuing a trade gone wrong. Seems logical to me. Unless you have a time machine...in which case you'd need a cape and a logo...
"Help me 'R'Man, I opened a lay position on the second favorite and now the favorite is refusing to enter the stall !!"