Increasing my Bankroll by 3% each day
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Here are my Evernote Entries for March 2018
As you are aware, I want to be a full-time trader. I got involved in trading because I have an 8 year old daughter with Autism. I wanted to have extra cash each month to help pay fore my daughter's Applied Behaviour Analysis (ABA) therapy. ABA can be quite expensive, between £75 - £150 per hour.
I decided in March to lower my bankroll to £100 and increase it by 3% each day. If successful you should be able to increase your bankroll by nearly 150%.
The reason I've scaled down my bankroll is because I am carrying out a risk assessment. It is one thing to trade when you have a wage coming in, I imagine the mentality of trading changes when you are relying on it to pay a mortgage and credit card bills. I want to see if I lose everything can I start at the beginning and work my way back to the top.
Anyway, the link for my Evernote Entries is located below.
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@liam-couper Great! What kind of odds range are you betting on? Your stake?
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@james-scott
Doing something similar haha
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@gary-finnigan Not really. HT score odds range 2-5. You can find all the bot settings on this thread: http://forum.betfairtradingcommunity.com/topic/420/lay-the-correct-score-if-0-0-or-0-1-bet-angel-automation-files/106 .
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@james-scott said in Increasing my Bankroll by 3% each day:
@keith-anderson
I thought you quit your job lol. I am LCS 0-0 first half goals odds on favorite matches with a bot. Twenty points up after a month. Around 200 matches traded. After how many matches could be told if a strategy is profitable long term?
Are you using any other criteria other than odds on favourites?
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@james-scott the usual rule of thumb I hear is 1000 but happy to be told otherwise.
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@keith-anderson
I thought you quit your job lol. I am LCS 0-0 first half goals odds on favorite matches with a bot. Twenty points up after a month. Around 200 matches traded. After how many matches could be told if a strategy is profitable long term?
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@james-scott said in Increasing my Bankroll by 3% each day:
@keith-anderson
No update on this Keith?
Yes, hope to update this at the weekend. Been busy in work with our AGM and a potential merger. Also, my daughter is performing at the Waterfront Hall in Belfast this weekend, so I've been running about after her too.
No excuse though, I still should have updated it.
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@keith-anderson
No update on this Keith?
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@keith-anderson be good to see what’s been happening
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I'll try and update this over the weekend!
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Updates with a loss and a winner. Hoping for a half decent weekend.
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@keith-anderson Good things come to those who wait!
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@keith-anderson what are your average stakes and what odds do you look for kieth
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Updated with today's two Irish trades.
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Updated with trades from yesterday - we have made over 18% of our starting bankroll within three days.
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@keith-anderson Not bad at this trading lark you
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Three successful trades today. I will update Evernote tomorrow
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Just the one trade today. I'm disappointed that there wasn't more, but at least it was a winning one.
