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Is spread betting for fools?


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Guest gold menber
On 27/04/2020 at 15:15, dmedin said:

Trading and investing are both b*llocks ... leave it to the professionals.  The kind of people who actually enjoy sitting on their spreadsheets and analysing book value.

76% of 'punters' lose :D  - I've no idea where they get that figure from but I can tell you that it's higher than that.

mayby higher, mayby not, the bulk on the other side of this equation would be the insiders, the house etc....surely not the chancers. The thread was very good. I never met yet anyone wining millions in lottery, yet I believe such venues are available,  venues yes, millionaires, I don't think so. Then again, I come from a conspiracy angle.

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Indeed I have been sat here for a good many tears, I mean years. Did I get rich quick, no. I do treat it as a business though, a buying and selling business. So like all careers there is a lot of

I don't know what expectations you had when you started David, mine were to make a lot of money and retire.  That didn't happen.  After a while I stopped trading, took a step back and looked at what w

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On 29/04/2020 at 14:22, OSCARDAX said:

Yes of course - they do NOT make money from trading, if you could why sell a book / a course / a tip-sheet? ALL BS

 

There are so many of them (supposed top hedge fund managers, retired star traders and all the rest) who seem to have switched into writing books, starting training centres, selling speeches and the like, and you have to wonder if they are able to turn $15,000 into $5 million from trading why they aren't happy just to keep doing it and enjoy a luxurious life filled with holidays abroad in the sun and good times ... why would they want to spend all their free time giving speeches and training on trading?  It makes no sense.

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I spent some time looking over my old trades from 2018.  Realized how fking sh!t I was.

Then I got really depressed when I realized that maybe I still am fking sh!t.

Edited by dmedin
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Hello,

I have been watching this post with some curiosity. I too have just looked at my total deposits vs total withdrawals. i probably have a similar pattern

The good thing is that I had estimated my losses quite well LOL.

13 minutes ago, dmedin said:

I spent some time looking over my old trades from 2018.  Realized how fking sh!t I was.

Then I got really depressed when I realized that maybe I still am fking sh!t.

 

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