Another one bites..

It's always a sorry sight to see another blog biting the dust.  I have to say it took some guts to post the loss he took, and particularly how it happened.  But he also did the rest of us a service, it's a reminder how fragile the human mind is when it comes to gambling, and it's certainly not a reflection on him personally.  He makes a very good point in his post, trading and gambling for a profit is not as easy as it appears online.

There are a lot of videos about showing how to trade a profit and they make it look damn easy (and it is a very small percentage of the time!).  What we don't see are videos depicting losses.  People simply don't post them,  I guess they don't serve a purpose when you are trying to sell something or make yourself look credible. 

Surely it's time we started posting some losses, and perhaps some commentary on why we lost.  It's difficult learning anything without failure and the inevitable drawdown.  No one's perfect.  There's a big gap in the market for money-losing videos it seems.

Comments

[Ron]

I agree fully with most of the comments but if you watch Mark from Betraders videos, the long ones you will see he incurs losses, but he cuts them out, as does MikeyB's who has posted 2 allday trading videos, he too takes losses and moves onto the next race, the guy you are talking about placed a lay or a back "micro seconds before the off" then failed to cut out and take the loss, he then placed the remainder of his bank £175 on an odds fav in a 4 horse race which sadly lost, i have had a 4 day losing run, i set my self a days losing target if its breached i stop that target is £25, it could take a few races to reach that as i try and take them as soon as and try not to let bets go in play (although sometime this is out of your control) ie power cuts on the other hand i some times trade in play.

[Louise]

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