The road to full time
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@gary-brown Ill look for a few trades midweek and do a break down for them when they happen, its too much at weekends, but easy to write up for midweek
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its not gloating Darri I dwwl most members who read your posts and being inspired. I would like to see the break down of your trades though now and again so I can see your full range of trades and how you handle some trades not winning and how you stake.
Im not sure you would want to share this but I think it could be helpful.
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Been a pretty great start to november for me, getting a lot more selections hitting filters now after a good bunch of games have been played in the main winter leagues. Iv stopped posting FHGs as fed up explaining why i select them, they are based solely on pre match stats and in play price i dont take into account inplay stats for them. So just sticking to posting SHGs as they are criteria everyone knows. All systems were up last month and all making a good start to this month too.Iv traded far less than the total suggests just had a very high strike rate past week. Ill stop gloating but been one of my best weeks for the winter leagues so far this season. Iv saved a screenshot of my favourite trade of the week. Arsenal were 1-0 up and being dominated by wolves, laying at 1.31 when wolves were pressing seemed to make sense and given wolves are a devil for the top 6 sides felt assured arsenal were too short. Got the goal in the end and was a lovely profit making trade. Iv done a few similar trades over the weekend most of which followed this way too.
Great start to november. Im really appreciative of the comments and messages from my last post. Ill continue to update the thread when there is enough trades or something to talk about regarding trading. Aim is to have a good november with a view to now upping stakes to be in line with the bank iv grown. Its already well over doubled since i started this thread but im far too defensive and prefer a fall back for when you initially up your staking.
If there any questions keep them coming really like the interaction thats been happening both on the thread and the private messages.
Results:
31oct - 3 nov = + 23.5
Nov 19 = + 23.5 -
@darri good post for self reflection.
I have always said trading is the opposite to normal life, in normal life your bad days are work which pay for the good days holidays.
In trading you're good days profitable, pay for the bad ones the losers. Work this out, make peace with it will make any a better trader
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@darri
Seems to me that you are progressing nicely along the path to being a successful trader. Really enjoy reading your posts.
Keep it going!
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@darri Love this post Darri and so so true. I myself suffer from this. Its the main issue I need to overcome. I can wipe out a good few days wins with this. If I myself get this correct and stay away from unplanned trades I will defo become a more profitable trader and reduce the yo yo effect.
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I was in the middle of writing a stupidly long post earlier about showing how my trading mindset has changed but it just kept showing one major problem i had at the start. Iv actually noticed it a heck of a lot on the football thread and on a few others.
The need for green or avoiding losing days.
I hear all the time peoples need to justify that they didnt make a loss or have forced themselves back into green. Have a look at the threads scroll down and youll see the less experienced traders all trying to defend their trading days with either small loss/small green. This got me thinking and it was something i was massively guilty of in the early days. Forcing my trading days. Even tho i would sit down write up a trading plan, execute the plan and then id look to see how much iv made/lost. Then if i was down id have this urge to hunt for other trades not on the plan. I look at people employing the same tactics on here and cringe in hope it pays off for them. Trading isnt about each day being profitable if it was it would be attracting a lot more shrewder people than are on it. Its about the long term view.
People are always saying i trade small amount of games but i dont really in fact i still trade too much. But i stick to my plan now, i dont go hungry for more trades that dont fit my criteria from the morning research. Trading seems to attract people because they believe that you should be profitable or only accrue small losses every day. That is a fairytale for inplay football trading. I do believe you can scalp the horses for profit everyday, but im only talking about inplay football trading here.
I post these kind of hints to make newer traders skip a step in the learning curve. Iv wasted months of trading because of this mindset of i must make green or minimise losses for each day. Think long term, each month, over x amount of trades. This mindset sets you up and losses dont cause panics anymore. How many times as a trader have you at the end of the day upped a stake just to see if you can nip away at that loss for either a profit or a smaller red. Do that and it may pay off a few times but it will eventually bite you. Its essentially gambling/chasing losses.
Iv really been influenced by charles and ryan with how they have a quarterly viewpoint. I suppose with small banks you kind of want to see a bit of rapid growth i get that. But these guys set out long term goals, which once the big banks are reached sets them up discipline wise. Basically take it slow and steady, dont boom or bust banks when they are small use the smaller bank time to learn this long term discipline for when you actually reach your intended banks. Its easy to say ah its only £100 ill just lump in again if this trade fails, how on earth are you learning here? Treat that like you would a £1k or £10k bank, think about profit/loss as points, think about having more good days than bad, stop chasing a losses.
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Was a pretty hectic weekend and start to week for me so havent been able to focus on trading unlike in the summer. Wont be trading today or tomorrow either so just jumping on to update progress. Been a super month for me trading solely the football.Not going to be a detailed post, image above shows favourite trade of the week. Had a massive wobble earlier on and did dent the potential profit but remembering the stakes we have and how the bank now looks definitely in a position to be moving up by the end of november. Finishing the month with +40 points is a very healthy return and not to be expected every month.
Been awesome getting messages asking for help from others and bit of an ego boost and i have helped when i could, but i still feel iv a lot to learn and improve on and hopefully iron out silly mistakes. As you can see from month on month now the consistency is starting to get there and hopefully i can continue to maintain the growth shown.
So results:
25/31 oct = +10.2
Oct 19 = +43.9 -
Thanks guys for the messages there, given me a bit of a confidence boost
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@charles-cartwright I agree with you, you aren't posting for anybody but you @Darri. It helps your accountability and if people can learn and help from what you are doing even better
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@darri said in The road to full time:
> I may be being very critical considering it was a good weekend, but it urks me when i post and lose people money, im fine with my trades losing as i know its long term profitable iv proved that but i can see why some people wont post as often. Ill still continue to post them but sometimes for those that follow i hit bad days but over a long term view i have trended back to profit with more good than bad days. Like martin said 5/7 good days.Just catching up on your posts and this struck a chord with me. Truth is you are posting on this site for you and nobody else...thinking out loud and improving your processes. If people choose to follow your systems or your selections then that is entirely their choice and you should never feel responsible for how their trading works out.
This isn't a tipster site....you aren't selling a service or advertising guaranteed returns and nobody expects that coming on here.
Bottom line is keep posting and good luck on your journey!
C
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Just an update with the trades from midweek since last post. Had a bit of an up and down time of it this week. With a busy weekend to come i really have to try hard to revert back to what has been working well and thats the research side. Iv been more inclined to get in without doing my usual full look up on a game. Over the summer it was far easier as i had no course or job to worry about but time isnt as easy to come by now the season has started. Will be up early to revert back to these ways as its what drastically improved my results.Im very critical of my trading, even when its winning days. This week hasnt been bad at all, we have been doing well this month and felt a number of times it was a silly trade or blind pricing that got in the way a bit.
Not going into detail on the games but overall really happy with the month will hopefully be able to add or sustain that this weekend. Favourite trade of the week in image.
23/25 = - 0.7
Oct 19 = +33.7 -
And just a quick one for tonight just so im up to date with the posts.2 shg trades leeds game could have been a LTD, i went lcs as wasnt convinced it would be a late goal so would have been stuckin the trade to make same amount. Cambridge game in play stats sounded great, pre match stats great, price seemed above average so would have traded it exactly the same again, just got hit by luck there.
Juve game was a good call, i was watching it for a while and before i even considered entering i actually thought juve looked weak at creating anything. But as the russians tired juve midfield started to pick open gaps in the block and when price hit what i deemed value i got stuck in. Goals came quick fire and didnt even need to leave the trade. Juve also are an outright trade iv got over on the outright thread and can see that shortening.
A good day for just under 30 mins of trading.
22 oct = +0.9
Oct 19 = + 34.4 -
Sorry for such a late post of this, the weekend was manic for me both with the mix of trading and life.Saturday was a really good day for trading for me. The form shown on the LCS/LTD was on fire and pretty much makes all the profit from the weekend. It just goes to show about how trading can swing and when you hear the next part youll wonder why i sounded so down on sunday after trading.
Sunday saw me get absolutely hammered from the very first trade. A little overconfidence most probably the cause. I started off originally having down hammarby vs malmo as a great 2nd half goal. When it got to the 60th minute the odds were still dangling below 1.3 so no where near value. Instead of either waiting 5 mins to see if price had spiked i decided to get involved in another market which i thought best fit the trend. Silly mistake, and in fact the price for another goal came into a good price 7 mins later and was still part of the plan. So coming away from a trade that made a hefty loss when in the actual plan made me profit. Silly.
Ill not talk about the other trades i did get quite annoyed as a couple of people messaged me after saturday talking about following and asking for help. This is what trading is about tho, there isnt going to be a profitable day everytime. I think most of my posts iv ever posted show that its not about the profit each day but where you stand end of every month/quarter.
I may be being very critical considering it was a good weekend, but it urks me when i post and lose people money, im fine with my trades losing as i know its long term profitable iv proved that but i can see why some people wont post as often. Ill still continue to post them but sometimes for those that follow i hit bad days but over a long term view i have trended back to profit with more good than bad days. Like martin said 5/7 good days.
Anyway favourite value trade is highlighted in the image, betfair markets can sometimes be so out of sync with what prices should be and this was a big one.
19/21= +11.2
oct 19 = +33.5 -
@darri Nice like this Darri and will be a keen follower mate.
Keep it up mate and well done so far looks like your doing well -
Just wanted to post the trades from the last couple of days, with a busy weekend coming up was nice to be back to the domestic matches. Smashed the international break with a rather sizeable profit going into rest of the month so liking the position we are in to hit the end of november targets.Posted the ukraine trade on the football thread and was a nice easy winner. Lay of ukraine when they went 2-0 up portugal then scored and ukraine had a red card so took a bit out of my position so we had a fixed 1 point profit and 3 if portugal scored again. These trades come very rarely for me as im very picky with them. Ronaldo missed a header in the last minute and they had a decent few chances. Still nice trade
Friday nights trades were a bit of a grind, up and down up and down. On looking there was at least 1 game in which i had a niggle of doubt and even said it was a late entry something which i bended the plan slightly to fit it in. Silly. But overall a 1 point loss for friday night, hopefully pick up form again as usual for a good 2nd part to october.
14/18 oct = +0.5
Oct 19 = +22.3
