spanish89...

This is a discussion on spanish89... within the The Foyer forums, part of the Off the Grid category; Surely due to the nature of his income it can not be relied upon in anyway whatsoever. I don't know ...

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Old Oct 23, 2008, 9:29pm   #46
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Surely due to the nature of his income it can not be relied upon in anyway whatsoever. I don't know how morals could ever be discussed on this forum!
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Old Oct 23, 2008, 10:12pm   #47
 
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claiming benefits when you dont need them? how moral
Benefits are not charity. They're wealth redistribution.

That said I've never claimed any benefits, unless you count student loan... Only because it's too much hassle and I'm not eligible though.
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Old Oct 23, 2008, 10:52pm   #48
 
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it's too much hassle
Indeed.
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Old Oct 24, 2008, 3:34am   #49
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I don't know how many of you have read through his thread on et but from what I can gather he's only managed the 1k a week for a few weeks a while ago, I believe he's been struggling for the last month or so?

I've seen some fairly up and down posts.. sometimes he's ecstatic due to making a couple of hundred in a day and then the very next post it seems he's cursing the day he ever looked at oil because he's lost a few hundred... lol

Fair play though.. He's doing better than me
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Old Oct 24, 2008, 3:46am   #50
 
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Just because someone doesn't need to claim benefit isn't necessarily a reason not to claim benefit. If it's there then why not take it ?

I mean, none of these bloody high and mighty members of parliament miss a trick when it comes to making expense claims do they ?

( I know expenses and benefits are not quite the same thing but you get my point )


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Old Oct 24, 2008, 8:49am   #51
 
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He has been for a few months at least, averaging over £1000 per week.
I do want him to do well and I was thinking he improved from what I read here. But, if he is still doing all the stupid things he used to do, he won't make it. The fact that someone makes a few quid for a few months doesn't mean much. It depends how they do it. Right now, I can short cable with no stop every time it rallies and look like a genius because the thing is just going down. I can do it for a few weeks or even months, but it is a stupid thing to do over the long run, especially if you are an 18 year old with no informational advantage or knowledge.

Ed Seykota, despite being a bit tiresome, knows a thing or two about this stuff. He doesn't care about being whipsawed because one big win takes care of it. If you do the reverse, expect to lose at some point.
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Old Oct 24, 2008, 9:12am   #52
 
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Originally Posted by dick_dastardly View Post
Just because someone doesn't need to claim benefit isn't necessarily a reason not to claim benefit. If it's there then why not take it ?

I mean, none of these bloody high and mighty members of parliament miss a trick when it comes to making expense claims do they ?

( I know expenses and benefits are not quite the same thing but you get my point )


dd
If he is entiled to benefit then, by definition, he should claim it. He is technically unemployed and also has a low level of savings so may well be entitled to other supplementary state benefits, not to mention discounts on the use of local amenities.

Equally he is obliged to pay council tax.

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Old Oct 24, 2008, 10:27am   #53
 
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Just because it's available, it doesn't mean you have to take it if you don't need it. I don't like this attitude. I could make myself entitled to it: I could, for instance, buy a nice shiny new Ferrari F430 Scuderia, and then claim benefits (on account of having no savings). Interesting idea...
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Old Oct 24, 2008, 10:44am   #54
 
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Just because it's available, it doesn't mean you have to take it if you don't need it. I don't like this attitude. I could make myself entitled to it: I could, for instance, buy a nice shiny new Ferrari F430 Scuderia, and then claim benefits (on account of having no savings). Interesting idea...
I agree with your sentiment. Don't get me wrong - I think he does need it, but in order to claim it he also has to fulfil the necessary obligations on his part i.e. to be available and looking for employment.

With rights come obligations and, as I said in the previous message, that includes paying his council tax !!

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Old Oct 24, 2008, 11:54am   #55
 
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Well I dunno about this Spanish89 chap.

He certainly does seem to have everyone talking about him.

I can't help but have a sort of sneaking admiration for him even though I know he's done some dodgy things in the past.

A sort of trading world answer to Eddie the Eagle I suppose.


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Old Oct 24, 2008, 12:26pm   #56
 
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Old Oct 24, 2008, 12:26pm   #57
 
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Here, have another.

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Old Oct 24, 2008, 6:32pm   #58
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maybe this is how he makes a grand a week!.

"OMG this is just ridiculous on aud/usd!!

Made 55points so far in 2 trades (after 8points spread),
and its so so easy because my sb firm has nearly a 30seconds dleay compared to the chart (realtime)..

So im just front-running my sb firm now and cashing in at levels taht are 20ponts above where the market has fallen to, and then buying back 1min later when the sb form updates to taht level and the price has then really gone up... "
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Old Oct 24, 2008, 6:42pm   #59
 
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maybe this is how he makes a grand a week!.

"OMG this is just ridiculous on aud/usd!!

Made 55points so far in 2 trades (after 8points spread),
and its so so easy because my sb firm has nearly a 30seconds dleay compared to the chart (realtime)..

So im just front-running my sb firm now and cashing in at levels taht are 20ponts above where the market has fallen to, and then buying back 1min later when the sb form updates to taht level and the price has then really gone up... "
What SB company is he using? i want to join! The prices i've been getting are worse than normal if anything, though still making money as everything is just shooting down.
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Old Oct 24, 2008, 7:09pm   #60
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maybe this is how he makes a grand a week!.

"OMG this is just ridiculous on aud/usd!!

Made 55points so far in 2 trades (after 8points spread),
and its so so easy because my sb firm has nearly a 30seconds dleay compared to the chart (realtime)..

So im just front-running my sb firm now and cashing in at levels taht are 20ponts above where the market has fallen to, and then buying back 1min later when the sb form updates to taht level and the price has then really gone up... "
Hmm.

I'm all for raising my hat to anybody making great percentage returns, and have said as much here where he is concerned, making 1k weekly off of 10k is absolutely superb.

But to be honest, there is absolutely no way that a broker could have lagging prices in real accounts and hope to survive financially for even a week.

DEMO accounts can have price lags, but real accounts ?!?

Absolutely No Way unless he happens to have found the dumbest mafia money laundering outfit on this planet that don't mind hemorrhaging money.

So is all this just some elaborate joke ?
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