Trading as we see it...

[Caan Berry]

Hey all,

Having been looking into some thoughts of phsycology on trading thought it would be interesting to see what people would come up with if i was to say describe your relationship with trading the exchange as a metaphor

I'd be particularly interested to see what some of the more experienced traders come up with if they are consistantly successful or not.. in fact probably more so the ones that have been trading a while with moderate/little success.

Mine would be: Trading is like a farmer tending to his crops, occasionally a bad/rotten item appears but in the long run its ok as the majority of the crop will be good enough to sell.

[bazbaz]

Would probably depend on what day you asked this, but for now I'd say trading is like flying a plane. The weather conditions (the markets) can vary greatly, sometimes its as smooth as anything, not a cloud in the sky (you feel that its almost impossible to lose on a race) while other times you get severe turbulance (wild, unpredicatable, volatile markets) that throws you around all over the place and you're struggling to stay smooth in the air, hoping to avoid lightening strikes (volume spikes). And of course your windscreen (is that what they call it on a plane? lol) can get fogged up at times (when your mindset is bad and your ego is getting in the way, focusing on desire for profit / fear of loss) making it harder to fly and sometimes the plane behaves a lot better than others (i.e. when you've put the best fuel in it and its not been overworked recently but still had plenty of recent flights so the oil doesnt all back up in the engine, but not so much when you're hung over / knackered / been rowing with the neighbours about their cats shitting in your garden etc)

[Caan Berry]

been rowing with the neighbours about their cats shitting in your garden etc

LOL .... an interesting insight baz, when a few more have commented i'll explain why i asked and how it fits with trading. Will be particularly interested to see how leon/MF see it

[Morgans Choice]

Hi C,

tradings like a vin de lu. Mouth watering anticipation, then you get burned, suffer from indigestion all night, feel as if the bottom has dropped out of your world and finally as if the world has dropped out of your bottom,

cheers, MC

[1/4 of a millionaire fund]

LOL .... an interesting insight baz, when a few more have commented i'll explain why i asked and how it fits with trading. Will be particularly interested to see how leon/MF see it

Far too drunk to comment now chuck, but in the words of Hannibal Smith "I love it when a plan comes together,"

[doubleback]

Cor blimey MF, have you been drinking those spinach alcopops again?!!

[PesceLesso]

Just a question to anyone dealing with it (it's OT and I do apologize for that):

I still can't find a direct link to my Premium Charges summary page, and still pasting

https://premiumcharge.Betfair.com/PremiumPortal/portal

in the browser's address bar to get there.

Am I missing it or BF still at unease to supply an easy way to check the bloody levy out?

[bazbaz]

You have to be signed into betfair via your web browser to access it. Maybe thats why?

[jimrobo]

awesome stuff MF!!

[Caan Berry]

Cmon jim how do you see it as a metaphor?

[jimrobo]

like a bi polar girlfriend!! Just when you think you are on top of it and know what its going to do it turns round and kicks you in the nuts. But it always gives you one hell of a ride!

[doubleback]

Cmon jim how do you see it as a metaphor?

I think everyone got a bit vajazzled by MF's p/l? Well just profit!

As a metaphor, i see trading much like a DJ would perform his set, he needs to read the crowd and respond by playing the correct choon at the right time, knowing the theory is good but you also need to put it into practice.

The next record must be cued up, set at the correct pitch then the record must be released at just the correct time to get a seamless mix, releasing the record to early or to late and the DJ goes from hero to zero quicker that you can say "three legged pony", the beats clang, the DJ panics trying to get himself out of a hole and the people on the dance floor come to a grinding halt holding their ears........

When the DJ gets it right however, with all the years of ridged training, he drops the next choon with a flick of the wrist and the crowd goes wild, he is in the zone, even the chin strokers put their hands up in the air and the DJ gets asked by the promoter to come back the following week........

[PesceLesso]

You have to be signed into betfair via your web browser to access it. Maybe thats why?

yes I know, I am actually accessing the page (when I'm logged into my accnt), but like I said only by pasting the address in the browser's navigation bar. The scope of my question was to find out whether there was a link (from the "My Account" tab or elsewhere) to access the PCs page, that I'm missing.

PS: another funny thing is that even if I have an account in € the page still quoting everything in pound sterlings. never took the pain to calculate the rate applied and stuff, gotten pissed off enough to see those figures as they are not to feel the need to stare at larger ones... so they might well be ripping me off more than I think..

[PesceLesso]

and to stick to chuck's topic here is mine:

You can't start a fire, you can't start a fire without a spark
This gun's for hire even if we're just dancing in the dark

dancing with Lady Randomness btw...

[doubleback]

and to stick to chuck's topic here is mine:

You can't start a fire, you can't start a fire without a spark
This gun's for hire even if we're just dancing in the dark

dancing with Lady Randomness btw...

Didn't they right a song about that????