Plan b for the brave

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Churchill replied

18 July 2009, 08:22
Originally posted by BrilloPad View Post

WHS

Also interesting he is a bear market trader : most are bull sh!tters.

Oi BP, I fixed your spelling mistake!
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BrilloPad replied

18 July 2009, 06:51
Originally posted by TykeMerc View Post

Fair point, but since he's been a Trader his whole working life I suppose he knows the risks as well as anyone could.

WHS

Also interesting he is a bear market trader : most are bull market.
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TykeMerc replied

17 July 2009, 21:06
Originally posted by DimPrawn View Post

http://www.telegraph.co.uk/finance/p...-in-a-day.html

Good luck to him. Personally I'd be tulipting myself playing with my own money.

Fair point, but since he's been a Trader his whole working life I suppose he knows the risks as well as anyone could.
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Iron Condor replied

17 July 2009, 15:44
Originally posted by DimPrawn View Post

http://www.telegraph.co.uk/finance/p...-in-a-day.html

Good luck to him. Personally I'd be tulipting myself playing with my own money.

Losing 200K in a day when you only make 300K in a year is gambling.

I suppose the benefit is that he will have no problems convincing HMRC that he is really gambling via spread bets, so defintely all tax free.

I made over 300K in the last year, but my biggest losing day was less than 10% of my yearly gain. But i trade futures, and pay tax.
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DimPrawn started a topic Plan b for the brave

17 July 2009, 14:22
Plan b for the brave

http://www.telegraph.co.uk/finance/p...-in-a-day.html

Good luck to him. Personally I'd be tulipting myself playing with my own money.
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