I must say that my current situation is not better than yours, PC, since I have no job, live with parents and try to make money on Betfair. I had one lucky period when my automated strategy brought me a couple of grand, but during this year I'm constantly losing money. Two months ago I visited a psychiatrist and he said that I have a bipolar affective disorder and prescribed some drugs to cure it.
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Personally I think anyone with any kind of mental health issues (which is a lot more people today than most people realise) shouldn't gamble or trade at all.
Aside from the fact that this business pushes all of our psychological buttons like nothing else, it's just so competitive on betfair that unless you are 100% then you're not going to be ready for battle and will just get hurt. If I even have a bad morning, say an argument with someone, then that is often enough to cause problems later on in a trading session where I then make small mistakes, and then those mistakes are ruthlessly exploited by people who aren't remotely thinking about anyone at the other end, all they see is numbers on the screen.Tough times don't last. Tough people do.
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Originally posted by bazbaz View PostIf I even have a bad morning, say an argument with someone, then that is often enough to cause problems later on in a trading session where I then make small mistakes, and then those mistakes are ruthlessly exploited by people who aren't remotely thinking about anyone at the other end, all they see is numbers on the screen.
Bang on Bazbaz,outside influences can easily seep into your trading psychology making it a real slog
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great respect for PC0845, it takes guts to do what you're doing!
fortunately it seems that i came out of the downward spiral i was in the second half of 2012, but sometimes i think: "if my way of trading stopped being profitable again, would i be able to admit it and stop, and dedicate my time and skills to another activity? or i'd get stubborn and go ahead until my account is empty? and then, would i stop or i'd load the account again, using other money earned with work, and not with trading?".
and i'm afraid of the answer, cause i'm not sure i'd be able to stop.
so i wish you to realize your plan! good luck!
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Originally posted by PC0845 View PostHello all,
hows life and trading treating you ?
The community in this forum is the only thing I miss about gambling / trading, so hope all are well and you are keeping it green
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How are things ?
To be honest guys things are much better.
Don't get me wrong, I love sports of all kinds including racing, soccer, Gaelic games, rugby and even some of the stupid American ones. I always gambled, but it took me a long time and a lot of money to realise it had become the only thing I thought about. I have no issues with gamblers, it's just not suitable for me. It got to the stage whereby it consumed me and brought me to areas of my psyche that were not healthy. I'm not even sure gambling was to blame, but, since I stopped, things are better, and I'm not intelligent enough to know why, but as long as that's the case, I'll continue to abstain.
If you can gamble or trade successfully then I respect your abilities, I can't and wont.
This forum is a meeting place of many minds, all interesting, some are even right, most are willing to share and help each other, some couldn't give a shit, a microcosm of society.
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Cheltenham time again, good traders looking forward to it, some people dreading the inevitable crap that goes along with it.
http://betfair2ga.blogspot.ie/
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