So if you get to be consistently profitable, what next?

1. Own a house in London, have a family, use my mind, and get plenty of exercise in order to remain healthy. More specifically on using my mind - keeping up to date with current affairs is good as it's interesting and might have financial benefits, through trading. Computer programming is also OK for the purpose of getting some mental stimulation, although not the best as it's too solitary.
2. Mostly getting exercise - hockey, sailing, yoga, swimming. Socialising, but only drinking in moderation. Pursuing scientific interests.
3. Spending the day outdoors and then having a good dinner with interesting company. It could be going out looking for wildlife and staying in a luxury lodge somewhere exotic. Or going sailing off the Isle of Wight and having dinner in a yacht club there.

Hope that helps.
 
The ideal scenario, I would only choose a city with better ecology and fewer people.
 
Sure, sorry for the long delay. I continued trading in 2022, doing well out of Russia invading the Ukraine and again on Kwasi Kwarteng's mini budget disaster. But that latter success seems to have really messed me up - I haven't been able to make money at all since then, losing a modest amount last year. Maybe I got overconfident, but whatever, I haven't been able to find my mojo again.

An organisation paid for me to have some careers counselling. It consisted of four half hour sessions and some Internet resources to look at. The counsellor didn't seem to have much to suggest - just small things on my cv and ways to look for work. I was encouraged to apply for some jobs but nothing came of any of the applications, not even an interview. The counsellor mentioned that recruiters often approach people by doing linkedin searches. I said that no-one ever contacted me that way. She said that there was probably a reason for that. But she didn't have any suggestions as to what.

I came up with the idea that maybe there was an erroneous criminal conviction registered against me, and that employers were seeing that. But I did some exams required to be called to the Bar, and as part of that had to get a criminal records check. It revealed nothing. And being called to the Bar doesn't lead to anything either - I have made applications but not had one interview.

On one occasion I had a conversation with an acquaintance:

She: Do you like not working?
Me: Well, it's kind of just the way it is. There's something to be said for the freedom. Maybe I could come and work in your organisation?
She: Bah! You'd probably do a better job than me.

And she turned away. So that didn't lead anywhere. This is what I think the problem is. I shouldn't have studied so hard at school. I should have spent my time hanging out behind the bicycle sheds.

How did you profit from Russia's invasion of Ukraine in 2022 in your trading activities?
 
How did you profit from Russia's invasion of Ukraine in 2022 in your trading activities?
I was long gold. There didn't seem to be much risk in being so if Russia didn't invade Ukraine.
 
The ideal scenario, I would only choose a city with better ecology and fewer people.
It doesn't have any very adventurous outdoor locations you can visit at the weekend, true. But I really value it as a city to cycle in - it's fairly flat, seldom too hot or cold, and reasonably dry - means I get a little bit of exercise almost every day.
 
It doesn't have any very adventurous outdoor locations you can visit at the weekend, true. But I really value it as a city to cycle in - it's fairly flat, seldom too hot or cold, and reasonably dry - means I get a little bit of exercise almost every day.
It can be small villages in the Azores or Tenerife, where you'll find breathtaking natural beauty and exquisite local products. The stunning landscapes and the quality of the local produce make these places truly special
 
if you’re consistent then raising capital through a prop firm would be the next step.
 
1. Own a house in London, have a family, use my mind, and get plenty of exercise in order to remain healthy. More specifically on using my mind - keeping up to date with current affairs is good as it's interesting and might have financial benefits, through trading. Computer programming is also OK for the purpose of getting some mental stimulation, although not the best as it's too solitary.
2. Mostly getting exercise - hockey, sailing, yoga, swimming. Socialising, but only drinking in moderation. Pursuing scientific interests.
3. Spending the day outdoors and then having a good dinner with interesting company. It could be going out looking for wildlife and staying in a luxury lodge somewhere exotic. Or going sailing off the Isle of Wight and having dinner in a yacht club there.

Hope that helps.
Thank you for sharing, Arbu! I've crafted a special, personalized affirmation just for you. I'm hoping I got your name right—is it Arbu?

Feel free to listen to this affirmation 3 to 10 times a day, maybe while you're engaging in everyday tasks like driving. Keeping up with this routine for 30 to 90 days could lead to some truly amazing transformations.

I've found tremendous value in similar affirmations myself (improved my health considerably.. healed myself very much..), and now, with the help of AI, creating these personalized and impactful affirmations for friends and family has become a breeze. I really hope you find it as beneficial as I have.

If it does wonders for you, maybe you could invite me over to London sometime? I'd love to see your new home, set sail on your yacht, and dive into some fascinating science discussions!
 
Last edited:
Have you consider the following -

Comment: So why bothering with this lengthy post ? Its copy & paste, offers opportunity as reference & external discussion and may be of thread benefit

This thread runs like the Game - WHY DON'T YOU-YES BUT (YDYB)

Transactional Analysis Theory
- see end for further information links.

Differentiation between a Procedure and Game.

Procedure

A procedure is a series of simple complementary Adult transactions directed toward the manipulation of reality. Reality is defined as having two aspects: static and dynamic.
  • Static reality comprises all the possible arrangements of matter in the universe. Arithmetic, for example, consists of statements about static reality.
  • Dynamic reality may be defined as the potentialities for interaction of all the energy systems in the universe. Chemistry, for example, consists of statements about dynamic reality.
Procedures are based on data processing and probability estimates concerning the material of reality, and reach their highest development in professional techniques. Piloting an airplane and removing an appendix are procedures. Psychotherapy is a procedure insofar as it is under the control of the therapist's Adult, and it is not a procedure insofar as his Parent or Child takes over the executive. The programming of a procedure is determined by the material, on the basis of estimates made by the agent's Adult.

Two variables are used in evaluating procedures.
A procedure is said to be efficient when the agent makes the best possible use of the data and experience available to him, regardless of any deficiencies that may exist in his knowledge. If the Parent or the Child interferes with the Adult's data processing, the procedure becomes 'contaminated' and will be less efficient. The effectiveness of a procedure is judged by the actual results. Thus
  • efficiency is a psychological criterion and
  • effectiveness is a material one.
Game
A GAME is an ongoing series of complementary ulterior transactions progressing to a well-defined, predictable outcome. Descriptively it is a recurring set of transactions, often repetitious, superficially plausible, with a concealed motivation; or, more colloquially, a series of moves with a snare, or "gimmick." Games are clearly differentiated from procedures (as define above), rituals (Hello, in a rush - Hello, see ya), and pastimes (shooting the breeze, inconsequential chatter, 'wardrobe', 'general motors', 'shopping list') by two chief characteristics:
  • (I) their ulterior quality and
  • (2) the payoff.
Procedures may be successful, rituals effective, and pastimes profitable, but all of them are by definition candid; they may involve contest, but not conflict, and the ending may be sensational, but it is not dramatic. Every game, on the other hand, is basically dishonest, and the outcome has a dramatic, as distinct from merely exciting, quality.

Ego States
Transactional Analysis (TA) Theory recognized that the human personality is made up of three “ego states,”; each of which is an entire system of thought, feeling, and behavior from which we interact with each other. The Parent, Adult, and Child ego states and the interaction between them form the foundation of transactional analysis theory.

Game - WHY DON'T YOU-YES BUT (YDYB)

Note: This is a hypothetical summary, constrained by limits of space and time. Real life is far more complex and nuanced.
Note: the 'yes but ...' need not be verbatim but subtle manipulations of equivalence ..

Thesis. "Why Don't You—Yes But" occupies a special place in game analysis, because it was the original stimulus for the concept of games. It was the first game to be dissected out of its social context, and since it is the oldest subject of game analysis, it is one of the best understood. It is also the game most commonly played at parties and groups of all kinds, including psychotherapy groups.
The following example will serve to illustrate its main characteristics:

White: "My husband always insists on doing our own repairs, and he never builds anything right."
Black: "Why doesn't he take a course in carpentry?"
White: "Yes, but he doesn't have time."
Blue: "Why don't you buy him some good tools'?"
White: "Yes, but he doesn't know how to use them."
Red: "Why don't you have your building done by a carpenter?"
White: "Yes, but that would cost too much."
Brown: "Why don't you just accept what he does the way he does it"
White: "Yes, but the whole thing might fall down."
Such an exchange is typically followed by a silence. It is eventually broken by Green, who may say
something like, "That's men for you, always trying to show how efficient they are."

YDYB can be played by any number. The agent presents a problem. The others start to present solutions, each beginning with "Why don't you . . . ?" To each of these White objects with a "Yes, but. ..." A good player can stand off the others indefinitely until they all give up, whereupon White wins. In many situations she might have to handle a dozen or more solutions to engineer the crestfallen silence which signifies her victory, and which leaves the field open for the next game in the above paradigm, Green switching into "PTA," and a round of 'Delinquent Husband'.

Since the solutions are, with rare exceptions, rejected, it is apparent that this game must serve some ulterior purpose. YDYB is not played for its ostensible purpose (an Adult quest for information or solutions), but to reassure and gratify the Child. A bare transcript may sound Adult, but in the living tissue it can be observed that White presents herself as a Child inadequate to meet the situation; whereupon the others become transformed into sage Parents anxious to dispense their wisdom for her benefit.

This is illustrated in Figure 8. The game can proceed because at the social level both stimulus and response are Adult to Adult, and at the psychological level they are also complementary, with Parent to Child stimulus ("Why don't you. . . ") eliciting Child to Parent response ("Yes, but. . . .") The psychological level is usually unconscious on both sides, but the shifts in ego state (Adult to "inadequate" Child on White's part. Adult to "wise" Parent by the others) can often be detected by an alert observer from changes in posture, muscular tone, voice and vocabulary.

FIGURE 8 : Why Don't You-Yes But
White R: "Yes. but..." ..................... Others S: "Why don't you..."​

WDY-YB.png


In order to illustrate the implications, it is instructive to follow through on the example given above.
Therapist: "Did anyone suggest anything you hadn't thought of yourself?"
White: "No, they didn't. As a matter of fact, I've actually tried almost everything they suggested. I did buy my husband some tools, and he did take a course in carpentry."

Here White demonstrates two of the reasons why the proceedings should not be taken at face value. First, in the majority of cases White is as intelligent as anyone else in the company, and it is very unlikely that others will suggest any solution that she has not thought of herself. If someone does happen to come up with an original suggestion, White will accept it gratefully if she is playing fair; that is, her "inadequate" Child will give way if anyone present has an idea ingenious enough to stimulate her Adult. But habitual YDYB players, such as White above, seldom play fair. On the other hand, a too ready acceptance of suggestions raises the question of whether the YDYB is not masking an underlying game of "Stupid."

The example given is particularly dramatic, because it clearly illustrates the second point. Even if White has actually tried some of the solutions presented, she will still object to them. The purpose of the game is not to get suggestions, but to reject them. (or play at getting but in the end a subtle manipulation of rejection)

While almost anyone will play this game under proper circumstances because of its time- structuring value, careful study of individuals who particularly favor it reveals several interesting features.

First, they characteristically can and will play either side of the game with equal facility. This switchability of roles is true of all games. Players may habitually prefer one role to another, but they are capable of trading, and they are willing to play any other role in the same game, if for
some reason that is indicated. (Compare, for example, the switch from Drinker to Rescuer in the game of "Alcoholic.")

Second, in clinical practice it is found that people who favor YDYB belong to that class of patients who eventually request hypnosis or some sort of hypnotic injection as a method of speeding up their treatment. When they are playing the game, their object is to demonstrate that no one can give them an acceptable suggestion—that is, they will never surrender: whereas with the therapist, they request a procedure which will put them in a state of complete surrender. It is thus apparent that YDYB represents a social solution to a conflict about surrender.

Even more specifically, this game is common among people who have a fear of blushing, as the following therapeutic exchange demonstrates:
Therapist: "Why do you play 'Why Don't You—Yes But' if you know it's a con?"
White: "If I'm talking to somebody I have to keep thinking of things to say. If I don't, I'll blush. Except in the dark. I can't stand a lull. I know it, and my husband knows it, too. He's always told me that."
Therapist: "You mean if your Adult doesn't keep busy, your Child takes the chance to pop up and make you feel embarrassed?"
White: "That's it. So if I can keep making suggestions to somebody, or get him to make suggestions to me, then I'm all right, I'm protected. As long as I can keep my Adult in control, I can postpone the embarrassment."

Here White indicates clearly that she fears unstructured time. Her Child is prevented from advertising as long as the Adult can be kept busy in a social situation, and a game offers a suitable structure for Adult functioning. But the game must be suitably motivated in order to maintain her interest. Her choice of YDYB is influenced by the principle of economy: it yields die maximum internal and external advantages to her Child's conflicts about physical passivity. She could play with equal zest either die shrewd Child who cannot be dominated or the sage Parent who tries to dominate the Child in someone else, but fails. Since the basic principle of YDYB is that no suggestion is ever accepted, the Parent is never successful. The motto of the game is: "Don't get panicky, the Parent never succeeds."

In summary, then: while each move is amusing, so to speak, to White, and brings its own little pleasure in rejecting the suggestion, the real payoff is the silence or masked silence which ensues when all the others have racked their brains and grown tired of trying to think of acceptable solutions. This signifies to White and to them that she has won by demonstrating it is they who are inadequate. If the silence is not masked, it may persist for several minutes. In the paradigm, Green cut White's triumph short because of her eagerness to start a game of her own, and that was what kept her from participating in White's game. Later on in the session, White demonstrated her resentment against Green for having abridged her moment of victory.

Another curious feature of YDYB is that the external and internal games are played exactly the same way, with the roles reversed. In the external form, the one observed clinically, White's Child comes out to play the role of the inadequate helpseeker in a many-handed situation. In the internal form, the more intimate two-handed game played at home with her husband, her Parent comes out as the wise, efficient suggestion-giver, This reversal is usually secondary, however, since during the courtship she plays the helpless Child side, and only after the honeymoon is over does her bossy Parent begin to emerge into the open. There may have been slips as the wedding approached, but her fiance will overlook these in his eagerness to settle down with his carefully chosen bride. If he does not overlook them, the engagement may be called off for "good reasons," and White, sadder but no wiser, will resume her search for a suitable mate.

Antithesis. It is evident that those who respond to White's first move, the presentation of her "problem," are playing a form of "I'm Only Trying to Help You" (ITHY). In fact YDYB is the inverse of ITHY. In ITHY there is one therapist and many clients: in YDYB one client and many "therapists." The clinical antithesis to YDYB, therefore, is not to play ITHY. If the opening is of the form: "What do you do if . . ." (WYDI), a suggested response is: "That is a difficult problem. What are you going to do about it?" If it is of the form: "X didn't work out properly," the response then should be "That is too bad." Both of these are polite enough to leave White at a loss, or at least to elicit a crossed transaction, so that his frustration becomes manifest and can then be explored. In
a therapy group it is good practice for susceptible patients to refrain from playing ITHY when invited. Then not only White, but the other members as well, can learn from anti-YDYB, which is merely the other side of anti-ITHY.

In a social situation, if the game is friendly and harmless, there is no reason not to participate. If it is an attempt to exploit professional knowledge, an antithetical move may be required; but in such situations this arouses resentment because of the exposure of White's Child. The best policy under those circumstances is to flee from the opening move and look for a stimulating game of first- degree "Rapo."

Relatives. "Why Don't You—Yes But" must be distinguished from its obverse, "Why Did You— No But" (YDNB), in which it is the Parent who wins and the defensive Child who eventually retires in confusion, although again the bare transcript may sound factual, rational and Adult to Adult. YDNB is closely related to "Furthermore."

The reverse of YDYB at first resembles "Peasant." Here White seduces the therapist into giving her suggestions which she immediately accepts, rather than rejects. Only after he is deeply involved does he perceive that White is aiming on him. What looked like "Peasant" ends up as a game of
intellectual "Rapo." The classical version of this is the switch from positive to negative transference in the course of orthodox psychoanalysis.

YDYB may also be played in a second-degree hard form as "Do Me Something." The patient refuses to do the housework, for example, and there is a game of YDYB every evening when the husband returns home. But no matter what he says, she sullenly refuses to change her ways. In some cases the sullenness may be malignant and require careful psychiatric evaluation. The game aspect must be considered as well, however, since it raises the question of why the husband selected such a spouse, and how he contributes to maintaining the situation.

ANALYSIS
Thesis: See if you can present a solution I can't find fault with.
Aim: Reassurance.
Roles: Helpless person, Advisers.
Dynamics: Surrender conflict (oral).
Examples: (1) Yes, but I can't do my homework now because. . . . (2) Helpless wife. Social
Paradigm: Adult-Adult.
Adult: "What do you do if. . . ." Adult: "Why don't you. . . ."
Adult: "Yes, but. . . ." Psychological Paradigm: Parent-Child.
Parent: "I can make you grateful for my help." Child: "Go ahead and try."

Further reference:
 
Last edited:
I've been trading a £30K account for six months and am about £1K up over about 100 trades. That's nice but it doesn't make much of a difference as you can imagine. How can I start to scale it up:

a) keep trading my own funds but scaling it up very very slowly;
b) invite family to invest with me;
c) apply for jobs: or
d) do a trading course such as with Amplify, or the CFA exams, and then apply for jobs.

Re c) and d) I'm in my late 40s so perhaps a new career is not realistic anyway. I certainly wouldn't want to do anything with crazy hours.

Thanks.
Invest in your education and pick up some trading courses could boost your skills without the stress of handling family investments.
 
Then start long term trading and never be afraid of losing money. It will be helpful to make a good profit.
 
I've been trading a £30K account for six months and am about £1K up over about 100 trades. That's nice but it doesn't make much of a difference as you can imagine. How can I start to scale it up:

a) keep trading my own funds but scaling it up very very slowly;
b) invite family to invest with me;
c) apply for jobs: or
d) do a trading course such as with Amplify, or the CFA exams, and then apply for jobs.

Re c) and d) I'm in my late 40s so perhaps a new career is not realistic anyway. I certainly wouldn't want to do anything with crazy hours.

Thanks.
Firstly, congratulations, keep it up.
Asking family for investment is not a good idea as they can't deal with DDs and will annoy you every day and you will feel enormous pressure which can ruin your progress. I don't believe in exams or anything like that, people look at your track record on a live account over a long period of time.
The best way is to do prop firms, do challenges and you can scale up very quickly. Take the 30k, keep your costs low and do challenges.
 
But what I would like to add is start thinking in percentages. 1000 of 30k is 3% after 100 trades. Depends on your risk this is barely profitable.
 
Top