Nick from London
-
Hey,
Just started recently. Traded a bit of tennis and a bit of football. Started nicely and then lost an awful lot of money on 2 big mistakes - £1500. First mistake was to lay at high odds with a rather large stake, the trade went against me, i freaked out, did not close the trade immediately. Second mistake, i basically gambled on the over 2.5 goals (lay again) and 2 goals came in in 2 minutes. I am now almost scared to enter any market with more than a tenner and I also struggle to see the point in making 2 quid per trade. Quite a difficult place to be in mentality. But here I am, I hope I can find a bit of plan and make this work for me in the long term. A clear structured approach is what I am here for.
Nick
-
@nick-segura its so profitable however sadly I'm almost out of accounts..... Have been promo banned on 4 sets of peoples accounts so its kind of coming to an end for me.
-
@nick-segura Welcome Nick - how good is match betting (money for Jam)....as a fellow match bettor I'm looking forward to joining you in your trading journey!
-
@nick-segura The thing that a lot of people forget is being profitable is the goal, the markets are mechanical they move the same way at £2 stakes and £10 stakes (lets forget huge stakes moving the market for a min) but if you can handle £2 stakes you'll never handle £10 as the jump is too much.
If you are profitable £2 stakes those pennies add up, then you can increase the stakes the next month and the month after etc... its a marathon here not a sprint.
The problem is nobody wants to get rich slow.
I promise you right now, you take the time to get profitable and build gradually you will have an excellent time trading and make great money.
The reason the bookies love Acca's? Because it plays on peoples greed, its the same here.
If you can be bothered to take those smaller profits one day you'll be banking large ones every day.
-
@ryan Hi Ryan, thanks for your response. How many trades would be needed make this worthwhile at 2 quid a pop? Being profitable is one thing and it has to be the priority but surely one would hope to make a decent amount of money doing this.It might be that all the videos snd tutorials I watched were only click baits to entice people to join courses and websites. What’s your view?
Nick
-
@nick-segura hey Nick!
You will probs want to go through my Super Trader program that will really help.
Can I ask what's the thinking behind this statement... 'I also struggle to see the point in making 2 quid per trade.'
Nothing wrong with it, just want to unpack this with you a bit.
-
@chris-osborne Thanks Chris, yes this is certainly on option I am considering. There is a practice mode on the software I use. I need not to be greedy, which is what cost me that money. I was several hundreds up and thought I was on roll!
Nick
-
First of all welcome.
My view would be you would be better off paper trading for a while which will help with the discipline.
Most of us start off Paper trading and will do so whilst testing new strategies
Good luck
