New member

15 min tlb

Senior member
2,057 98
Hi,Guys I am new to this site,75years old,just started doing a bit S/Betting.Don

Do you want to become a deluded imposter poster to do a bit of casino trading at any age , with or without mult-I-nicks?

Are you looking to buy a method?O r do u want a free method?
 

timsk

Legendary member
7,348 2,140
Hi Don,
Welcome to T2W.

Check out the first two links in my signature - and follow your nose from there. Feel free to ask any questions along the way and - any feedback about the site and how to make it more useful for new members / traders like yourself - would be much appreciated.
Tim.
 

Splitlink

Legendary member
10,850 1,233
Do you want to become a deluded imposter poster to do a bit of casino trading at any age , with or without mult-I-nicks?

Are you looking to buy a method?O r do u want a free method?

He probably wants a bit of peace and quietness, like me!:)
 

pboyles

Legendary member
8,072 1,302
Hi,Guys I am new to this site,75years old,just started doing a bit S/Betting.Don

Don

The sad fact is that you will most likely lose money, I don't know what you've been told about spread betting but very very few people make money and if they do its after years of practice. If you look at it as a form of entertainment (like some people view gambling) then fair enough. If you think you are going to get an income from it you are sadly mistaken.
 
L

Liquid validity

0 0
Don

The sad fact is that you will most likely lose money, I don't know what you've been told about spread betting but very very few people make money and if they do its after years of practice. If you look at it as a form of entertainment (like some people view gambling) then fair enough. If you think you are going to get an income from it you are sadly mistaken.
Have to say I agree, and its certainly the safest viewpoint to take.
 

trendie

Legendary member
6,536 1,129
Hi,Guys I am new to this site,75years old,just started doing a bit S/Betting.Don

15mintlb has come in a bit hard there. :rolleyes:

If it's just "doing a bit", then keep it that way, and use it as entertainment.
Maybe build some online buddies.
Keep your mind sharp.

But, as per the opinions of the more experienced, this is no easy skill to acquire.
And you wont be making tons of cash straight off.

Be wary of courses, and "experts".

But have fun.
 
L

Liquid validity

0 0
He may have far more other serious issues ,this activity might be the lesser of two evils.

Such as?
What, urgently needing money?
Do you seriously recommend someone new gambles money they can't afford to lose?

Trading, without knowing what you are doing, without a plan and
with zero knowledge is never the lesser of two evils.
Even with the above there are no guarantees.
This post is for his benefit, I don't care if you agree or disagree.
 

Splitlink

Legendary member
10,850 1,233
Don

The sad fact is that you will most likely lose money, I don't know what you've been told about spread betting but very very few people make money and if they do its after years of practice. If you look at it as a form of entertainment (like some people view gambling) then fair enough. If you think you are going to get an income from it you are sadly mistaken.

I agree, but I wonder why that is? The trend is visible, in hindsight, and I have never subscribed to the view that spreadbetting firms are seriously bent.

The fact that a loser loses, instead of winning must be that he made a mistake, but the mistake was his, not the bet taker's

I am still with the same firm since SB went online. The trades that I make are at the same level as every one elses---within reason. If I had the slightest doubt about them, I would have tried another firm. I think that the problem lies with the trader, himself. He hangs on too long to a losing trade in the hope that it will reverse.

Most of the complaints that I read about, here, are unreliable and unconvincing.

I do believe, however, that intra day trading is random and that a small move in one direct will result in a reversal as the market goes back and forth like a road roller, taking out the 5 point stops.

I have gone, as I am sure that most of us have, within 0.2 points of a stop without getting triggered. In fact, It happened and I commented on it last week.

Anyway, OP is 75 and I am nearly 81. This keeps the adrenaline flowing and I keep my stake size at a low level. My advice to him is enjoy it and don't get in too deep.

This is just me, rambling on. :)
 
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Reactions: timsk

15 min tlb

Senior member
2,057 98
Such as?
What, urgently needing money?
Do you seriously recommend someone new gambles money they can't afford to lose?

Trading, without knowing what you are doing, without a plan and
with zero knowledge is never the lesser of two evils.
Even with the above there are no guarantees.
This post is for his benefit, I don't care if you agree or disagree.

Getting a string and slpiiting costs with splitlink
 

pboyles

Legendary member
8,072 1,302
I agree, but I wonder why that is? The trend is visible, in hindsight, and I have never subscribed to the view that spreadbetting firms are seriously bent.

The fact that a loser loses, instead of winning must be that he made a mistake, but the mistake was his, not the bet taker's

I am still with the same firm since SB went online. The trades that I make are at the same level as every one elses---within reason. If I had the slightest doubt about them, I would have tried another firm. I think that the problem lies with the trader, himself. He hangs on too long to a losing trade in the hope that it will reverse.

Most of the complaints that I read about, here, are unreliable and unconvincing.

I do believe, however, that intra day trading is random and that a small move in one direct will result in a reversal as the market goes back and forth like a road roller, taking out the 5 point stops.

I have gone, as I am sure that most of us have, within 0.2 points of a stop without getting triggered. In fact, It happened and I commented on it last week.

Anyway, OP is 75 and I am nearly 81. This keeps the adrenaline flowing and I keep my stake size at a low level. My advice to him is enjoy it and don't get in too deep.

This is just me, rambling on. :)

I suppose whose 'fault' it is that nearly everybody loses money is an argument for another day. My point is that this is fact and the OP is highly unlikely to ever make money and if he thinks he will be needs to reconsider.
 

Splitlink

Legendary member
10,850 1,233
Yes, the truth, according to Boyle, seems be that trading is unprofitable for most and that OP is, probably, incapable of making a correct assessment in his own case. How he arrived at this point is beyond me! Do you think that he could be part of the 5% who have arrived with enough money to be able to afford to trade, or gamble, part of his money safely? There are some of us in that situation, you know.
 

pboyles

Legendary member
8,072 1,302
All the evidence I have ever seen published points towards the vast majority losing money. I believe John Forman is doing phd research on the subject, though perhaps that is fx based. So if if just entertainment or gambling go ahead, if you're going to remortgage the house thinking you'll make 10% a month on your money then think again. I have seen more than one person do that, you can guess how it ended.
 
 
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