As I have only been trading nearly 1 year one thing I am both very interest in and also slightly worried about is: how have the markets change over the last 10 years? Are they becoming worse or better in terms of trading them? I see quite some people say that they have recently hit their best years which I am VERY GLAD to hear as I am worried that suddenly there will be an overflow of traders and suddenly trading just isnt really possible anymore? but apparently it seems to go in opposite direction, getting betting, which doesnt really make sense to me as more and more people become traders of the market increasing competition?stueytrader wrote: ↑Fri Dec 09, 2022 1:37 amThanks for your thoughts on this issue. Glad to see your comparison to the effect of progress on your views about trading and future success too.worldplaywithangel wrote: ↑Sun Nov 13, 2022 8:42 pmI'm reading your posts with interest as I can very much relate.. I have been insane last 8 months trying to master horse race trading. I'm coming home 2 AM and start reading about trading in my bet. I had a break then these past 3 weeks suddenly I just increase and increase my profits. I was waiting to blow my bank but I can sustain profits! 70 quid in 3 weeksstueytrader wrote: ↑Sun Oct 30, 2022 11:06 amCheers again Kai, for the positive vibes too which also helps I find (though in moderation not overconfidence).
Thought I'd add a further update, if of interest.
Times since my last post on here have been somewhat more varied, but overall still positive. I did hit one patch that was a larger downswing that lasted a couple of weeks. Must admit I felt like it was going to start returning all my profits gained at one point if it continued that way. But, it didn't persist and gains started to roll back again. I did take a pause in all my trading for a day, which turned the path back to positive once again. I think that was key.
So, in summary for latest period I'd say not quite as 'golden', but not a downswing or loss of positive returns overall, and I'm still feeling very good about this year.
But I feel the same way as you, I'm just waiting for it all to be taken away from me, destroy my soul, hurt me so much I even feel it physically I just can't take another fall, as I have had several... But I take pauses and get my mind straight before I start trading again. I try shut down my brain and just apathetically trade like a robot... and it works I am getting results!
Can I ask how long have you been trading and are you able to get profits?
I've been trading in different ways probably about 15 years or so - though before that I was mostly just a standard punter in betting too. I've been the most profitable in this current year, though I did have a year about 14 years ago that was possibly about as good (with many variable years in between).
This current year is still going well - though yet again, I have recently been through both downturn and upswing periods - thankfully very good upswing again to correct for a poor period of around 2 weeks. My last 2 weeks are nearly at the earlier peak levels of returns. Once again, taking breaks during a downswing has been fairly crucial I believe.
Hope it's going well for you too.
Whats your take on this, how are markets changing and whats the future for trading pre horse? And also, whats do you think the explanation is to why you are having the best year when theres coming more and more traders to the markets?