Spread Betting. Who are we?

This is a discussion on Spread Betting. Who are we? within the First Steps forums, part of the New Traders category; Hi guys. So my girl's father found out that I spread bet and called me a "day dreaming jobless idiot". ...

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Old Jan 19, 2011, 5:07am   #1
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Lightbulb Spread Betting. Who are we?

Hi guys. So my girl's father found out that I spread bet and called me a "day dreaming jobless idiot". I beg to differ. I've got a great job and I consider this type of betting to be a great way to make money and be entertained.

I want to challenge him on this and fight back with a huge upper cut. Can yea all here assist me by letting me know why you spread bet and what you do for a living in a nut shell?

. . . or are we all just 7PM deadline day dreamers

Last edited by digitalman; Jan 19, 2011 at 8:22am.
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Old Jan 19, 2011, 5:36am   #2
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Default Re: Spread Betting. Who are we?

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Hi guys. So my girl's father found out that I spread bet and called me a "day dreaming jobless idiot". I beg to differ. I've got a great job and I consider this type of betting to be a great way to make money and be entertained.

I want to challenge him on this and fight back with a huge upper cut. Can yea all here assist me by letting me know why you spread bet and what you do for a living in a nut shell?

. . . or are we all just 7PM deadline day dreamers

Why not just show him how much you do/don't make from sbetting?
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Old Jan 19, 2011, 6:23am   #3
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Default Re: Spread Betting. Who are we?

Drive up to his house in your Ferrari. Simples.
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Thanks! The post above is recommended by: wackypete2
Old Jan 19, 2011, 6:36am   #4
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Default Re: Spread Betting. Who are we?

Quote:
Originally Posted by digitalman View Post
Hi guys. So my girl's father found out that I spread bet and called me a "day dreaming jobless idiot". I beg to differ. I've got a great job and I consider this type of betting to be a great way to make money and be entertained.

I want to challenge him on this and fight back with a huge upper cut. Can yea all here assist me by letting me know why you spread bet and what you do for a living in a nut shell?

. . . or are we all just 7PM deadline day dreamers
This depends on what you do. He knows you better than I do, that's obvious, but I don't know him, either, which may be just as well!

I'm 78, retired, good pension and have fun with what would be, probably, fairly dull mornings. I don't do this all day and some mornings I don't trade either. That said, I would not have done it when I was young.

He might think that you are going to be his SIL and that you might get your feet under his table. He seems like a Robert de Niro, father of the bride type, to me. If you have a great job, tell him to get stuffed,walk out and, if she is the girl for you, she'll walk out with you.

As an afterthought, though, if you went to his house and he asked you what you did for a living and you answered "Oh, I spreadbet"

Last edited by Splitlink; Jan 19, 2011 at 8:10am.
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Old Jan 19, 2011, 7:47am   #5
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Default Re: Spread Betting. Who are we?

digitalman started this thread Love the comments. Keep 'em coming. I need ideas, comments, stats, storied by tomorrow morning cause I'm going to have lunch with the devil, I mean him.

Last edited by digitalman; Jan 19, 2011 at 8:22am.
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Old Jan 19, 2011, 7:56am   #6
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Default Re: Spread Betting. Who are we?

digitalman - If you're making money, it doesn't matter what (legal) method you're using. Other people have prejudices based on stereotype images that light up in their heads when they encounter their own specific labels, but none of that process makes it real, it's just in their heads.
e.g.
Investor = good, Trader = bad
Entrepeneur = good, Speculator = bad
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Old Jan 19, 2011, 8:06am   #7
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Default Re: Spread Betting. Who are we?

digitalman started this thread All this makes sense. I'm coming up with a wise yet powerful way to combat this prejudice on spread betting people. Can I just get a few more ideas of the type of people that there are so I can tell him, (pretend), Look. Who do you think is a normal Spread Better? He'll answer something lame and I'll say, Oww yea, I know people who are this and this and spread bet. (none of my other friends do so I can't use them as examples). lol.
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Old Jan 19, 2011, 8:19am   #8
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Default Re: Spread Betting. Who are we?

I don't know if finding spreabetting people is the right answer as I think the question's wrong. SB is just a vehicle to allow speculation on the financial markets. And who wouldn't do that if they could make it profitable.

An implication of the 'betting' part of the label is that it is just another form of gambling, and therefore high-risk, unmethodical and addictive. It may be addictive, but who wouldn't want to be addicted to making money?
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