No, I'm not trying to outdo the £1,000 to £100,000 challenges! This is the story of a self-taught day trader Rajesh Gill, known as the “seven-to-seven man” because he turned £7,000 into £7 million in two years (don't tell Adam Heathcote or he might push-up his challenge target again!).
What's even more extraordinary is that he was awarded £20 million last month after his broker was deemed to have defrauded him by lying about the value of his account. He found out when his usual contact was on a day-off and he spoke with another employee at the brokerage. Here's a transcript of the awful moment when the penny dropped:
http://www.timesonline.co.uk/tol/news/uk/crime/article6237285.ece
It's quite laughable that even when the sums of money are in the millions the conversation is handled like he's buying a packet of fags in a newsagents! The broker that had lied to him apparently did so to earn commission on the "successful" trades and pocketed £500,000 himself. Makes you wonder if these city firm ever check-up on what their employees are actually doing!
Is it possible to learn how to successfully trade on Betfair (and Betdaq) markets in the long-term? Why do only 5% (or less) of traders manage this? Is the correct mind-set the most important factor leading to success?
£7,000 to £7,000,000
I've been trading the horse racing markets on Betfair since 2005 and started betting on Betfair in 2001. I come from a gambling background and was fascinated when I first learnt about trading. It has been a long journey and I am finally getting consistent results although the markets are always evolving and my interests changing. I’d like to hear from other traders old and new and see if we can help each other and enjoy our trading more at the same time. You can leave comments anonymously or with your name, or email me. Cheers! Mind Games
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