The road to full time
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@darri said in The road to full time:
@eamonn-hogan it does mean youd need to follow all the threads the person you want to follow posts in. Which would drive me crazy. Especially for example the football thread on a weekend, it would be good if that notification was just for that person. Its easy on the horses we know its good because john is posting but for example the football thread can be crammed with traders of all levels.
So you have tried and it doesnt work? Try get hold of adam on one of the threads he runs. Might just be a simple thing for him to fix if its broken.
Just tried it there now for this thread and it didn’t work. Will ask Adam.
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Iv no plans this weekend and some mates are away so ill be trading it, ill post as soon as im entered. Likely to only be trading the horses during the day and football at nights and on sunday. LTDs ill post in the morning or at least before 1pm, looks like a few could qualify odds wise. Very very lazy weekend for me and in my opinion a well deserved one, been busy these past few weeks. Hopefully a profitable one
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Just a final note on the whole scrapping the points system. Lets take the Tyson Fury fight for example. I posted saying to back tyson fury to win. I felt that value and a good trade/bet. However, to me that wasnt something i was backing with data or with a system. I just felt that value from what i know and have seen. Tyson was growing into each fight, whereas wilder was declining each fight. Had i been using a points system id have been laughing at my £10 stake. It barely scratches the surface to my main bank. I believe the points system had turned it more into a game for me and lost sense of value of money. Each trade had to be making x amount or id not touch it. The thing is that trade just paid for my netflix sub. Now while my bank grows ill up those stakes, but for me each trade now has its own place in my bank and even if its a negligible amount its all about was it a good trade and did i grow the bank as a result. Each trade now has its own ROI. I know using money when i get to a massive bank will not compare to those with other banks so hard to measure each persons success. But please remember you arent comparing to anyone else, its only you that matters. You are needing the money to pay bills and grow your bank. For me i just feel that the points system was limiting my judgement because if i was to enter something id have wanted it to make x amount of points, rather than yeah thats a good trade here is how much ill invest into that. Its just for me a mindset trick im liking today was a good day for it and felt better for it. Im still making the same amount but understand more the investment of that trade now and its merits. End of day these things are all just tricks of the trade to help us master mindset, for me i was growing bored of my old mindset time to adapt and keep me interested.
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@eamonn-hogan it does mean youd need to follow all the threads the person you want to follow posts in. Which would drive me crazy. Especially for example the football thread on a weekend, it would be good if that notification was just for that person. Its easy on the horses we know its good because john is posting but for example the football thread can be crammed with traders of all levels.
So you have tried and it doesnt work? Try get hold of adam on one of the threads he runs. Might just be a simple thing for him to fix if its broken.
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@darri said in The road to full time:
@eamonn-hogan i know you get notifications when you follow someone but i dont know if you can get push notifications for phone. One for btc lads to look into, issue i see there would mean itd require an app and that costs money to run and would really only be useful for posting trades which isnt btcs USP its not a tipping site. Maybe a way of getting an email alert like you do with social media sites that x person has commented on your thread or x person has posted. Most smartphones these days have email notification pop up. Better alternative and id imagine low cost to set that up. Perhaps posting on one of the threads adam runs might get him to see it and for the btc to discuss. Id do a whatsapp group with people but that could just become spammy and im not big headed enough to just have me posting, i just prefer everything on this site, so if adam and co can find a way to get email alerts then that could solve that issue for people.
WAIT, if you click on your profile then go to setting and then scroll down to notifications you can set topics you are watching to email that could work?
Have tried that
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@eamonn-hogan i know you get notifications when you follow someone but i dont know if you can get push notifications for phone. One for btc lads to look into, issue i see there would mean itd require an app and that costs money to run and would really only be useful for posting trades which isnt btcs USP its not a tipping site. Maybe a way of getting an email alert like you do with social media sites that x person has commented on your thread or x person has posted. Most smartphones these days have email notification pop up. Better alternative and id imagine low cost to set that up. Perhaps posting on one of the threads adam runs might get him to see it and for the btc to discuss. Id do a whatsapp group with people but that could just become spammy and im not big headed enough to just have me posting, i just prefer everything on this site, so if adam and co can find a way to get email alerts then that could solve that issue for people.
WAIT, if you click on your profile then go to setting and then scroll down to notifications you can set topics you are watching to email that could work?
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Is there a way to get notifications to your phone when you post or do you need to wait until you access the page?
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@darri said in The road to full time:
Selections for today:
LTD - Gaz Metan vs Bucharest
Ill be watching west brom for a potential midweek inplay
1/1 good start to winter leagues hitting the filters
Cracking day on all trades today, hope some got on them -
I was watching a youtube video and saw this quoted. I think it perfectly sums up betfair trading. The thing is we somehow think of betfair trading as a completely different thing to the norm so our behaviours and habits change towards it. As opposed to a more sensible thought process. We all live in the short term at the beginning aspiring to make this a long term project. But that in itself is a funny way to think. This kind of brings me to my most recent update post about why im not caring as much anymore about eeking out profits. Heres the quote, hope it resonates:
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Sorry i didnt post the horses today. Right now these are quite price dependant, ill perhaps look to just post my watchlist. Im going to only be doing horses midweek and only weekends that im off and watching it on itv. Noticed a few people were actively looking at my sheets earlier and will have seen them posted pre race. As my confidence builds with them ill share them more. Im just doing them when i spot good opportunities. This blog you can follow all my football trades but some other sports are harder to time posts, ill work on it. Like i said this wont please everyone, now im picking opportunities rather than set things. But least you still have my ltd and midweek football to jump on. Ill look to post the others when confidence is higher. Horse racing im sure is about to become extremely popular on here
just trying to hone in on that as its the most viable midweek sport to trade full time.
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Also on a cracking note these changes fall in line with the first winter leagues game for the ltd system this season, hopefully now a steady stream of games to follow
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@lee-woodman all about the individual. I love pressure, its why ill still be setting some targets but more within a range rather than x amount. For me i actually think setting targets is why i became quite good at trading if im allowed to say that, frowned upon at times to claim to be good at trading. If i was short in a target then id see what i was doing that could have been improved, if i was above id see why i was doing better than expected. Both of these things fine tuned my trading over the years. The only difference to all of this now is i dont need trading to support me anymore/or even be remotely reliant on it. Im good at trading and im about to unlock most of that knowledge rather than be strict with plans. Thats all thats changing. Im still doing LTDs, midweek shg/lates etc. Im just trying to veer towards not being so boxed in. When i spot value within my "systems" im taking more advantage of that now. Im not being restrictive of x amount of points are used for every game. Some games are worth more to get more on.
Just for other wondering, please stick to the points system, if you are asking me for advice in future like people do in messages ill still be making sure you use points. They create structure and discipline. Im only doing this because iv years now of experience and a very tight niche of markets i like to trade. Im pretty bullish that i know value in those markets for the time periods im in. Please dont be going well he doesnt do this now so ill scrap this. Please understand this move by me is because im a bit more experienced and at a level now i want to be building freely. Im not pissing in the wind like i was when i started with no focus. Its not me now just willy nilly going to be splashing cash left right and centre. Its still going to be focussed trades on the areas i specialise in and have been successful for over 2 years with now. So yes probably the first post in a long time that is hard to resonate with because i do believe this is a bit more advanced in reasoning and a further stage into the trading journey than most are at.
Its just all about trying to move towards a more passive lifestyle with less pressure to succeed/targets. Any money made is just compounded and eventually ill reach my end bank target. However iv rambled and made a big deal out of this, but in time nothing really changes. Im juts removing the set structure and discipline i had and now hoping my skills learnt and developed over years of trading will help me be trading with more freedom. But all thats been done before has led to this. Please understand im not encouarging others to change as i believe in the process iv been on. We can at the end of day only recommend what has worked well for us in past.
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Selections for today:
LTD - Gaz Metan vs Bucharest
Ill be watching west brom for a potential midweek inplay
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@darri I think trading gives different thing to different people but one of the main benefits above 99% of other forms of income is the freedom it gives. Its what makes it difficult to get into in the first place (no set structure, no set path to follow etc) but once you get to a certain point then the freedom you get is a massive positive so you have to take advantage of that. Whether its choosing when to trade or deciding how to manage your bank, targets etc to suit you....its about making choices that work best for you and help your overall lifestyle
Ive never believed in the point of £s/pts trading targets really, although in time im open to changing my opinion of it, i just havent read anything worthwhile on the subject in relation to trading. I worked in a business/sales environment for years and everything was about targets; that was a situation which we could control enough to work to targets and come the end of the month everyone was going mad, cutting prices and doing deals to get sales in. But with trading you can easily have a bad run in a month or have very few selections and its just how things go, but if you are conscious of a target then suddenly your thinking 'i have 4 points to make up by the end of the weekend' or 'im slightly down this month so need to change something' - it forces a rushed way of thinking. Obviously everyone wants to be profitable and if they arent in the long run then trading wont work out but i think focusing on how you do things and doing things the right way gives a better balance. If you set a target of say 15 pts per month and youre doing about 12 pts but it gives you a great lifestyle and you sleep well, are you failing? On paper you are but in all honesty anyone would take that! So in that situation the target is wrong and an unnecessary pressure
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As ever it will take time for examples to come up, me doing an update post just after an int break is hardly surrounded by loads of trading examples. Over time people might understand more my reasonings. Im sure the full timers will appreciate it. Actually its a mix between the traders on here and the book i read. I like how free keith is with trading, i like stuarts example of set banks for set strats and then there used to be a trader called charles on here who used to do fantastic monthly and quarterly updates. Im just looking at how best to pick the things i like from them and adapt my own take on them. Its just a move im interested in to see if it affects my mindset the way i hope it will. Can easily revert back to a more strict way, but this way just means im open to opportunities in the set and forget space and improving the better trades within my "systems". Its not like im changing what im trading just means im improving my own knowledge of those markets to be better focussed on value plays that might not just be solely on the data front. Still set and forget and passive, time will explain it rather than me.
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@darri said in The road to full time:
@eamonn-hogan it will continue to be something ill get anyone who asks me for advice to do. If you read my post im explaining that thats what brought good discipline and structure. You arent at the same stage im at, not trying to be big headed here. You havent yet proved to yourself that something has worked for 2 years. You dont yet know what value is in other markets and its why if you read im not recommending my new approach and as i said in the post a "backwards step". This is just because im going to be trading more freely and more opportunistically. Id strongly advice you stick to trying to nail one strategy at a time and be strict in approach. Once you have done that then youll understand why im making this move
Your not gonna learn the fundamentals if you just do what im away to do, in a sense iv earnt it and built that knowledge by the way iv treated trading in the past, id say most would agree that im successful at trading and its because of that. But im just trying to free myself from a regimented way of trading and "system" like trading. Based on our chats your not there yet, some of your outside system trades are very risky.Cheers
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@eamonn-hogan it will continue to be something ill get anyone who asks me for advice to do. If you read my post im explaining that thats what brought good discipline and structure. You arent at the same stage im at, not trying to be big headed here. You havent yet proved to yourself that something has worked for 2 years. You dont yet know what value is in other markets and its why if you read im not recommending my new approach and as i said in the post a "backwards step". This is just because im going to be trading more freely and more opportunistically. Id strongly advice you stick to trying to nail one strategy at a time and be strict in approach. Once you have done that then youll understand why im making this move
Your not gonna learn the fundamentals if you just do what im away to do, in a sense iv earnt it and built that knowledge by the way iv treated trading in the past, id say most would agree that im successful at trading and its because of that. But im just trying to free myself from a regimented way of trading and "system" like trading. Based on our chats your not there yet, some of your outside system trades are very risky. -
@darri said in The road to full time:
Made some changes to my results sheet. Gonna give a reason for those changes. For the past 2 years (taken trading seriously) iv been pushing for optimisation of my trading. This has meant me trying to get the most out of every trade and every strategy. Its made me focus heavily on systems and set ways of trading. These for me have helped me become disciplined and find good edges in trading. But it has made me numbers hungry. Sometimes iv been overly obsessed with numbers and how im doing. I suppose having this blog kept that going for a longer time. So im trying to simplify everything. Iv been investing elsewhere for a year and a bit now, its taught me another way of how to relax as a trader. The issue with betfair trading is your result is defined in 90 mins or a test match etc. Stocks/Crypto potentially are endless, so we cant exactly replica that same approach but we can adapt.
So going forward im going to be less hung up about points and what each strategy is doing. Im not going to be so fixed on one approach and im going to be more focussed on value. These set and forgets are great because im taking value over time but if a trade is highlighted as an ever greater value play i want to be taking advantage of it more. Iv become quite restrictive and disciplined, good for beginners but now iv got the experience to really nail this again. If you look at last year for example and my late goals approach the reason my bank sky rocketed was because i was looking for the best opportunities within my criteria. While yes ill still be doing this passively and still set and forget, ill definitely be more selective.
To me the only figure i truly want to see is the £s rising and the bank increasing. I dont care by how much and what strategy is doing that, if im trading its because each opportunity is a value trade. Mastering one strategy at a time is still a must in my opinion and its because of my past approach thats led me to become a successful trader, its the reason i feel most fail because they dont nail one thing. Im now quite experienced and know what a value trade is in pretty much most markets im interested in. Some people are too quick to assume that, for reference iv been trading full time for 1 and half years (just before covid) so please dont attempt to do what im doing sooner than that. Learn all you can and dont be as stubborn as at times i was. Thats why this forum is great because you can see all the ways people are trading and can pick apart why they had good and bad trades. Slowly over the years you build on that knowledge. Im feeling pretty confident im at that stage.
The sheets are now setup in a way that they can now also include other investments/trades. As iv said i plan once this makes £10k to include my own stocks and crypto trades public on here. We can then build a solid portfolio from the ground up. Its the very reason i withdrew my original bank i grew so that i could live this sort of lifestyle.
So less focus on being so efficient and more care to just what the overview of what im doing/is it working. Some might think this backwards but iv been doing this a while and ill ask you this now, what is the end goal here? Its to make money. Im trying to remove the box iv put myself in the past few years in terms of being disciplined and focussed on being great at one thing. Im now growing as a trader and want to be onboard value trades from other things too.
Nothing has changed in terms of this blog/posting trades just the sheets, its been something iv read thats made me react to it this way and im on board with it. Most know im a simple trader anyway. Im just good at the basics which really many traders underestimate and try to go for the complex. Anyway enough rambles, just explaining incase those looking at the sheets notice changes. Ill keep the rundowns on the summary pages in the old format +129 pts profit since end of march. Ill still be doing monthly updates but in a more relaxed fashion, its all mainly to become more focussed on quarterly targets and in future yearly ones. The sheets just help for future add ons.
Don’t understand why you are dropping the calculation of points. This is something you drummed into me to do.
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2nd post of the night. Said i was looking to the t20 world cup and planning an outright. So here it is:
India/England/West indies backing these as a dutch trade.
Based on their odds it essentially comes out to a 1.71 trade for any of those 3 to win. You could add to this but i believe this to be value. I look at the other teams and while yes they have quality, im more seeing individuals in those teams, but the teams im selecting seem to have a cracking squad. Im happy with the risk/reward here and could look to trade out if teams advance far enough.
This is all part of the new condensed version of my outright trading. Im trying to be less snappy with them and instead looking for those long plays. For me these are as close to mimicking the same approach i would with stocks/crypto. Slow and steady with sensible money management. Hopefully outrights return to being one of my better strategies now im back doing it the way thats proved successful before.
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Made some changes to my results sheet. Gonna give a reason for those changes. For the past 2 years (taken trading seriously) iv been pushing for optimisation of my trading. This has meant me trying to get the most out of every trade and every strategy. Its made me focus heavily on systems and set ways of trading. These for me have helped me become disciplined and find good edges in trading. But it has made me numbers hungry. Sometimes iv been overly obsessed with numbers and how im doing. I suppose having this blog kept that going for a longer time. So im trying to simplify everything. Iv been investing elsewhere for a year and a bit now, its taught me another way of how to relax as a trader. The issue with betfair trading is your result is defined in 90 mins or a test match etc. Stocks/Crypto potentially are endless, so we cant exactly replica that same approach but we can adapt.
So going forward im going to be less hung up about points and what each strategy is doing. Im not going to be so fixed on one approach and im going to be more focussed on value. These set and forgets are great because im taking value over time but if a trade is highlighted as an ever greater value play i want to be taking advantage of it more. Iv become quite restrictive and disciplined, good for beginners but now iv got the experience to really nail this again. If you look at last year for example and my late goals approach the reason my bank sky rocketed was because i was looking for the best opportunities within my criteria. While yes ill still be doing this passively and still set and forget, ill definitely be more selective.
To me the only figure i truly want to see is the £s rising and the bank increasing. I dont care by how much and what strategy is doing that, if im trading its because each opportunity is a value trade. Mastering one strategy at a time is still a must in my opinion and its because of my past approach thats led me to become a successful trader, its the reason i feel most fail because they dont nail one thing. Im now quite experienced and know what a value trade is in pretty much most markets im interested in. Some people are too quick to assume that, for reference iv been trading full time for 1 and half years (just before covid) so please dont attempt to do what im doing sooner than that. Learn all you can and dont be as stubborn as at times i was. Thats why this forum is great because you can see all the ways people are trading and can pick apart why they had good and bad trades. Slowly over the years you build on that knowledge. Im feeling pretty confident im at that stage.
The sheets are now setup in a way that they can now also include other investments/trades. As iv said i plan once this makes £10k to include my own stocks and crypto trades public on here. We can then build a solid portfolio from the ground up. Its the very reason i withdrew my original bank i grew so that i could live this sort of lifestyle.
So less focus on being so efficient and more care to just what the overview of what im doing/is it working. Some might think this backwards but iv been doing this a while and ill ask you this now, what is the end goal here? Its to make money. Im trying to remove the box iv put myself in the past few years in terms of being disciplined and focussed on being great at one thing. Im now growing as a trader and want to be onboard value trades from other things too.
Nothing has changed in terms of this blog/posting trades just the sheets, its been something iv read thats made me react to it this way and im on board with it. Most know im a simple trader anyway. Im just good at the basics which really many traders underestimate and try to go for the complex. Anyway enough rambles, just explaining incase those looking at the sheets notice changes. Ill keep the rundowns on the summary pages in the old format +129 pts profit since end of march. Ill still be doing monthly updates but in a more relaxed fashion, its all mainly to become more focussed on quarterly targets and in future yearly ones. The sheets just help for future add ons.
