The road to full time
-
Look i know i said i wouldnt trade while i was back home but had a lot of spare time today and there was actually a lot of games. Also its the 1st day of the new month and iv only got 2 months left till ill have to go back to part time trading again for start of my next year of uni.As i wasnt on my own pc or using software i had to test out trading first before i put on my usual stakes. Started with 1 point on a SHG for South Africa game, the markets are heavily in favour of low scoring affairs so taking advantage of these prices. Managed to get on at 1.72, couldnt get a stream up for some reason, but have flashscores on my phone so got the goal alert late on.
Djurgarden was actually on my filter from the stats page. Managed to get a stream up for this game. Also the inplay stats were heavily weighted towards the home side. My initial entry was a back of the overs, from what i was watching it was still the home side on attack, but away team had countered several times and looked a threat, so was wary of a LTD. Having used up some of the bank on the overs had to reduce my stake so didnt put the full 2% on (wish i had). Managed to LTD when odds hit 2.3, had to wait a bit for the goal, since it was the fav who scored i just removed liability, maybe i could have stayed in but different trading conditions made me more defensive and just wanted out.
So why was the price for a SHG in the senegal game 1.7 at half time? Markets hate this competition for goals. There is a clear class difference between the teams. Senegal had about 3 clear cut chances before i entered, just waited to see if they would keep pressing or just settle for the point. Got in once Senegal had a few more pressure points and i lapped up the price. I mean ill take a very easy 2 point profit trade.
So like i said im away for the week but ill probably still be able to trade in the afternoons some of the days if there is decent games on and games i can stream. Also been on the forum today just looking at the activity in the threads i follow and some awesome trading is going on.
Start of a new month i dont know how ill record past months profits or how im progressing. I read a blog from a cricket trader and he just does it as a running total for each month, and then at end of each month he shows the new bank. I think ill just copy that. Im still of a mindset to only focus on quarterly targets, but i dont mind showing this as im quite confident that its not going to affect my trading now. Becoming far less emotional especially with football trades.
Daily p/l = +4.6 points
July p/l = +4.6 pointsStart of july bank = £1,217
-
I’m loving hearing your journey keep them coming. It’s really helping me with my trading. You are definitely showing that keeping to a plan is the key. I’m still battling with over trading which is really annoying me. Keep up the good work
-
Got stuck on a number of trades today, some not meeting the plan and the ones that did just didnt quite come off.Cricket went well, couldnt steal anymore out of the markets had others games on and wanted to be testing the football strategy. Both games actually were good to watch so i think it ruined my focus a bit on trading.
Football i had a mare and first trade of the day was a loss. Had 4 games traded 2 winning, 2 losses. I have been looking at my strike rate for my strat and have gone through my last 3 months trading and i reckon im better at just sticking to odds between 1.4/1.5 for a goal. Im cutting myself short as my average goal time for a 2nd half goal is 64mins, very rarely does a game with goals predicted reach my other entry points. Im actually only 0.4 points difference so by going back to 1.4/1.5 itll be easier to manage if i have a couple of games going on.
Im away back home for the next week, to see family and view flats so i cant take the pc, and i dont like the thought of trading off my phone. Its been a good start, hopefully aiming by time i start back at uni which is start of september we might be close to upping our stakes, but im happy with the progress. Next month will see the end of the cricket, now since iv only just started to trade tennis ill be relying on football to keep me going.
I hope its not been too boring to read these posts. In a way its kind of for myself, i was already doing a summary of notes for a day anyway before this. I just thought it would be good to show how a part time trader is approaching trading, and iv even had a few guys message me about trading so its always a bit of a confidence boost. Im not a pro tho, so as iv said in a couple of messages im still learning myself. Enjoy the trading for the next week, hopefully ill be able to pick up where i left off.
Daily p/l = -0.1 points
June p/l = +21.7 points -
Having a cracking month mate! Enjoying the posts
Good luck today. -
Good amount of games/events on today, have been up early this morning writing out a trading plan. Most of it is well spaced out time wise so there is a decent flow to the trades. Ill be focusing on the kerber game today and looking to get in on some swings. Pakistan cricket could be a walkover, so runs markets might be my root into it. Big game in the NZ tho so plenty of opps there.
Loads of good football today, lets hope the form can continue and finish the weekend and month well.
-
Trading was hard today for me in terms of options and timing of match events.Cricket pretty boring one team dominating, placed a cheap lay on SA to try see if malinga would suit the conditions same way SA bowlers took to it. Found some good entry points for the 1st innings totals and rode them down at right moments. Yet another use of that market for me, with this size of bank its very easy to get in and out of it, just think that once stakes increase it might be more of a positional stance ill take on them. Right now paper trading that approach for the future.
Had a real tussle with the football today. Got robbed by the swedish game, great stats inplay, came up on my filter in morning, team i wanted to score first did, just no luck. They even had a goal disallowed in the last minute. Traded the usa game, open from the start so was just waiting for the right moments to get in. used the 4 part strat again and got the 1.50 part matched before a goal came. Had a lay of USA at 1.04 with 12 mins to go, france had been playing well all tournament and it was still all france, thought if they'd score before 85 they might sneak back into it. Goal came and removed liability also taking a little profit as it was still a tough ask. So far in the world cup iv managed to trade my way to a very healthy profit, maybe if more womens football is shown on tv ill look to track it more. Traded the SA game also getting my 1.50 matched and only a few minutes away from getting the 2.0. Was watching the game and was keen on the LTD but just stuck to the plan as had been sitting watching trades for most of the day and didnt want to risk it. There is loads of football at weekend so plenty of more opps coming up.
Horse racing was just laying the newcomer godolphin horse. Just smaller stakes for the horses, i like to keep that just as a small earner, nipping a few points every week on them works fine for my trading plans.
So just 1 point profit today, but its adding to the tally already made so we are still moving towards end of month with profit.
Daily p/l = +1 point
June p/l = + 21.8 points / been a week of trading days now so happy with this, will be interesting to show how a whole month pans out will probably show a bit more variance, i mean its been a pretty good week but im not getting ahead of myself especially with weekend trading to come. -
I am trading other markets on the football but just wanted to share my most reliable and see if anyone has advice on tweaks or if some of the newer traders wanted to take some of the ideas i have used in the strategy and find their own way of trading them. I cant tell you how many strats i used in the beginning but focusing on one then tweaking it, getting it consistent, monitoring it each month is how i personally have started long term profits on football.
-
Just a side note on my football trades, my approach to trading the football is all about end of each half. First half its no earlier than 30 mins and 2nd half no earlier than 65. For certain games ill split stake and get in at pressure points, odds ranges or when stats predict a goal. I understand there is other ways to trade for goals, but for me strike rate is everything. At odds of 1.75, i feel that it offers a healthy leverage to games, and the risk reward ratio is far higher. I limit 1st half trades to either 0.5% or 1% of bank. 2nd half i free myself 2%. For 2nd half iv been splitting my 2% of bank per trade into 4 parts, 1 part at 1.50(£5), another at 2.0(£5) giving me the average odds of 1.75, then if pressure continues im dripping the last 2 points(£10) in when the action is at its highest and this tends to be with odds around 2.5/3.5 or like today managing to get 5.5 and 3.0. Its a more flexible approach than i was having before which were pretty much set and forget and move onto the next match. Now im able to both limit losses if action dies or maximise when a goal is likely. Its doubled my average win per trade this being over a sample of 83 games since changing. Quality over quantity suits me more as the anxiety of trying to manage too many games at once is not suiting my personality.
-
Let my opinions get in the way a bit today on the cricket, my trading plan actually was spot on, but i got greedy and paid the price.Tennis is hopefully going to be a staple of my trading plan for the future, had 2 games on it, cornet game and kerber game. Kerber won with ease so couldnt get in on the action. This one however was why i want to add tennis to my trading. For literally 5 mins with little effort manage to trade for a point profit. Got the lay of the 1st set winner, i mean the price was unreal, start of match it was predicted for a close game. Fair enough the 1st was a thrashing but she had decent form and gave positive words from here last match on grass. Managed to get out after she broke. Just focusing on the WTA right now as paper trading suggested i had a better reading of it.
Classic trade for me by getting on the 1st innings totals. I feel im confident with the approach and will take a good run of games to go against me for it to not be in profit. 2nd innings i tried a more opportunistic approach trying to trade for shorter periods and got caught out on the 2 wickets in a row. Couldnt recover it from there so ended up badly, wasnt part of trading plan so again kicking myself as had built a nice platform from 1st innings.
Football is clearly my main sport to trade and has been most consistent throughout. in the u21 germany game, i got in on the 1st half goals markets in the 41st minute, end to end football and i reckoned there would be a tidy bit of injury time. Backed a half point on 5.5, then came the goal and bagged a nice profit. 2nd half went the same, this time with a split stake and built up nice average odds of 1.75. Quality tournament as some others have been in profit aswell on the football thread. Exactly same approach for england game managed to get odds of 3.0, both games bagging me a tidy profit for the football, with weekend coming up hopefully can continue this form. Also england missed a penalty so could have avoided a loss in 2nd half.
Nice end to the day, would like to get back to form on the cricket tomorrow so will probably put most effort into trading that tomorrow, rather than watch tennis.
Daily p/l = +4.5 points
June p/l = + 20.8 points -
Bit of an up and down day, managed to stick to my trading plan and not deviate also taking the breaks between changing sports massively improved my efficiency.I posted on the cricket thread about my initial trade on the match, with hindsight now i can see i was too eager, i had written down my plan that NZ were coasting a bit in tournament and with almost home like support pak might make a go of this. Historically taylor and williamson are a potent partnership in all formats for NZ often rebuilding totals from almost the very start. As shown i was just too eager about both price and stats that it blinded me. Side note here but its honestly such a privilege to be in the company of trading with richard on the cricket, his notes and takes on how the market is and his advice on how trades could have been traded are only going to help in the long run. Managed to redeem myself with the runs totals getting 2.24 and 3.2 on NZ reaching 190/200, pakistan have let teams get back from bad positions quite consistently.
Only 1 traded match on the tennis, wozniacki vs sabalenka, got in with a lay of 1st set winner, then in the final set when woz went 5-2, having watched her previous games in the match she had really struggled with with her 2nd serve and sabalenka was power hitting every loose shot. Got out at 5-5. Managed a nice green and pleased with discipline as that match was swinging a lot.
2 games traded in the football and i think i jinxed martins lays, had paper traded them for a while and decided to try it but i think ill give HR a miss for a bit because i dont have enough time to really focus on it. Has been a profitable sport for me before but there is a lot going on right now in markets id rather watch during week, will still trade weekends but with Cricket, Football and Tennis all having quality matches in the coming months i cant be so broad.
Consistently hitting green since i started to post these (only 6 actual trading days) i hope this trend continues and please if anyone has bits of advice for me or anyone or anything thats covered in these posts about either full time or the way i trade then please pop a reply in. I cannot tell you how much iv changed as a trader since i joined on here, keep this up guys!
Daily p/l = +2.5 points
June p/l= + 16.3 points -
@martin-futter i didnt get back home from meeting until half way through englands innings, im gutted i wasnt able to trade the game as that was a massive swing on the aussies. im in for today so no excuses for trading today.
-
back to business today, wasnt sure if i was going to be trading today as was in a meeting about my course for next year.The cricket took me a while to get over actually, start of the day i managed to catch the toss, saw the weather and looked to see if england were at full strength. Because of my meeting i put a punt on england, why i honestly dont know and its been eating me for a while, where was the discipline? A hint of FOMO i fear.
Managed to pick up on the football when i got back. Traded 3 games Honka for a 2nd half goal, followed keiths selection in the cameroon game, looked fairly open on the stats at HT and managed to get first part of my stake matched at 1.49 for overs before the goal came in. Standout for me was getting on the womens football. It may not always be a great watch but its volatile enough for trading. Managed to get full stakes matched before last 1st half goal and the winning goal also so both pretty much making the majority of my profits today.
Daily p/l = 3.8
June p/l = 13.8 (had to take 2.2 points off from ascot the other day) pl will probably be cut this month due to my break but with good quality games in both cricket and football rest of month im hoping to continue this form -
Sadly my break has been cut short, one of my mates pulled out of the holiday for personal reasons so as a group we have cancelled it as it didnt seem fair to him. Some will have seen iv still been active in the community and whilst i have not traded any markets i have been watching the progress this community has been making as some lovely profits being made.
I still need to find a place to stay in aberdeen for my last 2 years of my course starting in september but i feel iv got plenty of time this summer to really kick on and try grow as a trader. As a result ill start to post on here again, finished my days trading so just waiting for markets to settle before ill post the results for today.
With the cricket world cup league table taking shape will be interesting to latch onto some nice moves in the outrights and reach semi markets in coming games. Also wimbledon on horizon iv been paper trading the tennis with average success but dont think ill be able to risk the bank on them just yet.
-
@darri enjoy the break, sounds like a good plan.
-
Dull day tbh, had a 2 point loss on the horses and didnt trade the cricket as went to the gym instead.
Now for the good/bad news, good news is ill be back next month, bad news is i cant trade rest of this month. Its not cause love island is on, i have taken a holiday and will be away for a few weeks and then i need to find a flat back home in Aberdeen to stay for my studies. So a busy couple of months for myself and since its summer trading i feel its a good time to just take a break.
Ill log in a few times a week just to keep track of the members posts and keep in the loop but wont be trading. Bit of a spurr of the moment idea but this is probably the last summer of being a student that ill actually be able to take advantage of this. Also im scottish so look like a ghost in nice weather so need to try get away for a bit.
Thanks for the support and advice so far and will be back to keep this thread going in 3 weeks. Not long but long enough.
-
@darri Defo think taking a break is helpful, even if its quick 10 mins on headspace it makes a huge difference.
Its why I plan my day out in the morning with my research of the trades then I know where my breaks are and they are set - then I trade, have a break come back works a treat.
-
First things first i want to say this day could have looked better if i had managed my positions better. I think it may be the perfectionist in me(which im trying to grow out of) that led me to not capitalise on 1.5 more points profit.Managed to trade the WI game well getting in at the right times and taking advantage of the market overreactions. Having only started to trade the cricket couple weeks before the world cup i am starting to feel confident that im spotting these spikes. Best part of the trade was getting in at 3.2 before the iqbal wicket and getting out at 1.8.
Traded the stabaek game, had run it through the stats software and it became apparent that a goal was very likely, got in the market too early and sucked away some of my stake that i could have backed later on, originally getting in at 1.5 for my initial stake. I think it was the change of pace both from watching cricket all weekend and the womens games in the background. Going back to mens football after watching these you lose sight of actual clear chances and pace to the game. Still goal came with a nice average odds built from split staking, definitely something thats improved my p/ls past few months.
If im to trade different sports on the same day in future Ill maybe take a break in between and sit down with fresh eyes, football and cricket definitely are and will always be my main earners but trying to work on paper trading tennis in run up to wimbledon. Keeping a keen eye on the tennis thread and hopefully find a good angle to trade come july.
Daily P/L = +5.4
June P/L = +12.2 -
@ryan-carruthers said in The road to full time:
@keith-anderson Same!
I will do 3 trades one day, none the next etc.... I dont actually smash the markets like I used to.
Thankfully, we don't need to. Also means my LTD in now perfect for me. I'm no longer worried about missing a trade because of a first half goal
