Running to standstill?
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Since joining BTC I've spent my days with a cocktail of training and trading. A couple of videos, firing up the software, placing trades and, when I can, adjusting trades that go south.
My typical trades are from the software, followed by my own motivated by my 'unique' two flavour trades; if a game has a favourite, then FH0.5 or no favourite gets a U3.5. it's worked quite well and I've won and lost in equal measure...which is now a problem.
I start with a bank of £100. After 50 trades, my bank is within £5 of....£100. Not just once or twice but daily for the past 2 weeks!
I really need help breaking this. I'm not chasing losses, I don't have much emotion about my wins/losses and much of my trades are bet & forget.
Suggestions?
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@julian-drake-clarke said in Running to standstill?:
If I had blown my bank it wouldn't have been so bad. I would easily been able to find what's wrong and corrected it. However, I must be doing something right and can't find precisely what it is
Losing money isn't the only this that shows us what's wrong, check the prices - would waiting to get involved give a better price? Etc... everything I spoke about in the Step 3 video.
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@dan-mackinnon said in Running to standstill?:
It might be of little comfort to you both right now, but we've all been there. Look at the positive: you haven't blown your bank or severed it in half!
My advice would be to focus on one area until you feel comfortable. Remember Ryan's barbell video of him taking a strategy from the left side of the screen over to the maximise side? If you're already following one of the profitable members strategies, then keep at that but try to figure out what's going on. Something that helped me early on was learning what odds to expect. For example, you could follow Martin's O1.5 knowing that his strategy starts at 1.25. Set reminders of goals and when one is scored quickly head over to BF and look at what that's done to the odds and make a mental note because you'll start to see similarities. You might ask yourself, why does he say 1.25 and not 1.35? Or, I see goals tend to come after there's been at least 5 shots. (I'm making these up, but hopefully you get the idea)
Do that for a couple of months and you might say to yourself, OK I see he enters at 1.25, but I noticed the majority of games actually go to 1.30 and I'm willing to miss out on some to get that extra profit. Or, Norway has loads of winners but Sweden is terrible, I'll paper trade Sweden for now and see what happens.
I'm in no way an expert so take whatever I've said with a pinch of salt, but hopefully, it gives you something to think about.
"I fear not the man who has practised 10,000 kicks once, but I fear the man who has practised one kick 10,000 times." - Bruce Lee
WOW
I love reading this, how far you have come is outstanding.
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If I had blown my bank it wouldn't have been so bad. I would easily been able to find what's wrong and corrected it. However, I must be doing something right and can't find precisely what it is
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Top man!
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It might be of little comfort to you both right now, but we've all been there. Look at the positive: you haven't blown your bank or severed it in half!
My advice would be to focus on one area until you feel comfortable. Remember Ryan's barbell video of him taking a strategy from the left side of the screen over to the maximise side? If you're already following one of the profitable members strategies, then keep at that but try to figure out what's going on. Something that helped me early on was learning what odds to expect. For example, you could follow Martin's O1.5 knowing that his strategy starts at 1.25. Set reminders of goals and when one is scored quickly head over to BF and look at what that's done to the odds and make a mental note because you'll start to see similarities. You might ask yourself, why does he say 1.25 and not 1.35? Or, I see goals tend to come after there's been at least 5 shots. (I'm making these up, but hopefully you get the idea)
Do that for a couple of months and you might say to yourself, OK I see he enters at 1.25, but I noticed the majority of games actually go to 1.30 and I'm willing to miss out on some to get that extra profit. Or, Norway has loads of winners but Sweden is terrible, I'll paper trade Sweden for now and see what happens.
I'm in no way an expert so take whatever I've said with a pinch of salt, but hopefully, it gives you something to think about.
"I fear not the man who has practised 10,000 kicks once, but I fear the man who has practised one kick 10,000 times." - Bruce Lee
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@nick-segura
Thanks Nick, I don't watch matches but then I'm not smart enough to bugger around with optimal trades. I look for a 1.2 minimum on U3.5 and whatever is going on HT0.5. Having said that, I'm expanding my education and I can see a time in the near future when I can be more odds and stats focused.
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@julian-drake-clarke when you open a private coaching thread send me your sheet and I can have a look through
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@julian-drake-clarke i am in a similar situation. I think it will be about finding a bigger edge and better prices, being patient and not entering the market unless it is really worth it, more bang for my buck. It’s either that or higher strike rates and more trades. I am likely to focus on value and a bigger edge. Do you watch the matches you trade and monitor the prices? I am new to football trading, I am just thinking out loud here, not giving advice:) N
6/9