@richard-coxon said in The BTC Horse Racing Thread:
@stephen-beale hi Stephen, yes it is a question with no answer. Personally I feel setting targets is a bad idea. It leads to madness such as over trading, over staking, chasing etc. and rather than making the target, you end up missing it totally.
My goal is to go steady, and focus on compounding the bank and staking at 1 point on backs and a liability of 3 points on a lay. That way the bank stays intact, the stake size grows gradually and I don’t stress when I hit a loosing streak.
i agree with richard here Stephen and it might not be what you want to hear but setting targets doesnt help your trading , it hinders it. Im at the moment about to possibly hit my 2nd month of constant profit, its not big profit but its a start and that is my main goal, dont care about the amount of profit and targets that comes with time. Take it slow buddy, trading is a long term profession and i plan to be in it for many years to come. YOu can only do this by protecting your bank. Be patient and the profits will come, dont chase it with targets that could have you staking more and making bad decisiosn that hit your bottom line. Been trading about 5 years and when i realised this it was a bit of a eurkea moment
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