Just wanted to share my thoughts about trading and lifestyle and to let you know how it works for me, and some challenges I have faced.
When I started trading more seriously in 2004 onwards it was relentless. I lived and breathed it. If I wasn’t at work I was trading or doing something trading related. Everything else fitted in. That hard work paid off as I was able to trade full time after I was made redundant from my job in July 2006. Imagine having an ATM in your spare room, where you could help yourself to cash, without the balance of your bank account being affected. That’s how it was.
Friends call around, it’s so obvious you want them to fuck off so you can get back to trading, it makes them uncomfortable after a few visits, they stop coming. Friendships ended, Invitations dry up, family engagements become unpleasant. funerals missed, holidays forsaken, relationships destroyed, families broken. For what? This was my situation.
The pursuit of money, greed for want of another word. The question I ask myself often was was it all worth it? No, it wasn’t. if I had those 10 years again it would be very different. But at this point in my life, I can make different choices.
The expectations of what a “pro trader” is or isn’t are often open for debate on forums and Twitter. I have read some frankly ridiculous statements lately, About what constitutes a “Pro Trader”. How much they should earn to be classified as a Pro, whether or not they pay higher rate Premium Charge and even one first-class numpty trying to say that a true pro would never miss a Saturday trading. A true pro would be involved in the markets every single day, What a load of fucking shite!
You never hear me bragging about how much I do or don’t make. I have stated I am in Betfair’s’ higher rate Premium Charge bracket. You may see a few videos showing decent wins, and the odd screenshot too. But you will have also saw some videos of red screens from me. It’s all part of the game. You will have NEVER seen a Betfair PL shot of my account and you never will. Frankly, it is of no one’s business but my own. My credibility to teach other traders has nothing to do with how much money I make. My ability to explain how to do is much more relevant. Now I can wheel out 100’s of people that will happily testify that I can do that pretty well. The bottom line is this. Come to a workshop or don’t come. I hold 6 a year and that will never increase, currently, I have 20 people at a time. This is a number that works for everyone. It allows the interaction required, and I can comfortably answer every question asked. I often joke at the start of a workshop that no one is leaving until every question has been answered, even if we are still here at 9:00pm tonight! they are always full, without exception. I often turn people away.
In the last few years, I have made some pretty big changes in my personal life. I don’t want to detail them all, because they are personal. But there are some I want to share, because they may help someone reading this, both to understand a little more about me and what drives me as a pro trader.
My workshops and education have been a big part of things for 5 years now. I don’t write too much these days, and rarely make videos for public consumption. But I do have a vibrant community that I look after. I don’t trade every day, in fact, I have completely changed the way I work. I now have a diary where I allocate time slots to different tasks. So when I am answering emails – I answer emails, in that time allotted. When I am trading, I trade. But in the time I have set out. No more and no less. This structure means I get much more done, and I have my life back.
The result is I am very happy with my life now, I can do the things I want. I am happy to trade when I want to, and take time off to do other things when I want to. Trading supplements my life, it doesn’t dictate it anymore. Does this mean that I am unable to articulate how to trade to others? Does this diminish my ability? have I forgotten 14 years worth of knowledge and experience? Seriously?
If you feel you cannot escape from a life that is dominated by gambling or trading. If all you can think about is trading and money, please talk to someone, please reach out for help. I am happy to give my time freely to talk things through with you and try to help or advise some professional councilling. Trading is a fabulous hobby, and even a profession if you get good at it. But please keep in mind that there are things outside of this that