Trading bank
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Hi guys can anyone advise on my staking plan, I'm currently using 3% on £100 bank. What I want to know is when you have multiple selections do you use say £3 on each trade or do you divide the £3 amongst all the selections?
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@Terence If you are making solid progress your 1% stake will increase naturally, there is no need to up the percentage and put pressure on your bank because variance is going your way. Stick to 1% and you shouldn't put your bank at risk as long as your trading is solid.
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@Terence I would trade £3 on each selection as long as each selection is a different one.
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@Alex-Rendell Hi Alex thank you for your advice.
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@Alex-Rendell Hi thanks for the quick reply Alex much appreciated I will lower my stakes to 1% until I'm making solid progress and feeling really comfortable in my trading. Thank for the advice it's much appreciated.
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@Terence Morning Terence, personally I'd drop that to 1% if possible to give yourself 100 "big bets" - 3% seems a little high especially when you're just starting out. If you have multiple selections but they are all on different matches, then I'd place 1% on each selection. If the same selection comes up more than once on separate filters I would still only back it once. This is purely my opinion and the approach I'd take but I hope it helps a bit.
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@nick Hi thanks Nick, it's backing under 2.5 goals. If my stakes are £3 and I have 5 selections do I trade £3 on each selection or do I divide it across all 5 trades?
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@Terence I think 3% seems a little high I would use 1% for each bet as a maximum. If your strategy is a lay one then even smaller than 1% as you could easily burn thru your bank otherwise.
