The BTC Football Trading Thread
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@keith-anderson said in The BTC Football Trading Thread:
I didn't trade at all yesterday, but 17/18 of my trades were winners. Typical!!
Great day for SHG yesterday, mine were 11/11 after a bit if a Saturday let down
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I didn't trade at all yesterday, but 17/18 of my trades were winners. Typical!!
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@dan-mackinnon said in The BTC Football Trading Thread:
@lee-woodman said in The BTC Football Trading Thread:
@mark-maguire said in The BTC Football Trading Thread:
@chris-osborne I genuinely believe it's the most important hurdle I've crossed - the mental shift and probably the most important step to that has been recording trades so I can look at bad days with perspective of how they sit in context of the overall picture .. applies to not getting carried away with winning runs too. A year or so back I'd have been up and down like a Yo Yo..
Although i havent always mastered this at times but someone said to think about the process more than the outcome. So if you have a bad day but you trade well, stick to your plan, avoid your personal areas of downfall etc then it doesnt matter so much about the P/L because that will sort itself out longer term
Easier said than done at times but it makes a lot of sense!
That's really good advice. I've got better by not worrying about the outcome and trusting the research. It's easy to get carried away thinking about bank growth or what you might do with the money, even long-term financial plans have some sort of impact. If you can separate what is in your control and what's not that makes life a lot easier. You can't control the result (nothing you do can prevent or cause a last minute goal), but you control how you trade and making sure you don't make silly mistakes.
Not thinking about the money is hard, especially when people come into trading seeing the money people make.
Always one step on the ladder at a time, get £10 profit a month then £20 then £50 comes before you know it its money that makes a real difference
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@lee-woodman said in The BTC Football Trading Thread:
@mark-maguire said in The BTC Football Trading Thread:
@chris-osborne I genuinely believe it's the most important hurdle I've crossed - the mental shift and probably the most important step to that has been recording trades so I can look at bad days with perspective of how they sit in context of the overall picture .. applies to not getting carried away with winning runs too. A year or so back I'd have been up and down like a Yo Yo..
Although i havent always mastered this at times but someone said to think about the process more than the outcome. So if you have a bad day but you trade well, stick to your plan, avoid your personal areas of downfall etc then it doesnt matter so much about the P/L because that will sort itself out longer term
Easier said than done at times but it makes a lot of sense!
Yep!!!
This is so true, if you did everything right and stick to the plan then you can feel better about - takes a while to see following the plan as a win, especially when money is involved.
Helps with having the data to back it up as well doesn't it? So, I know long term this if profitable if I keep following the plan.
This is where game theory helps people.
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@lee-woodman said in The BTC Football Trading Thread:
@mark-maguire said in The BTC Football Trading Thread:
@chris-osborne I genuinely believe it's the most important hurdle I've crossed - the mental shift and probably the most important step to that has been recording trades so I can look at bad days with perspective of how they sit in context of the overall picture .. applies to not getting carried away with winning runs too. A year or so back I'd have been up and down like a Yo Yo..
Although i havent always mastered this at times but someone said to think about the process more than the outcome. So if you have a bad day but you trade well, stick to your plan, avoid your personal areas of downfall etc then it doesnt matter so much about the P/L because that will sort itself out longer term
Easier said than done at times but it makes a lot of sense!
That's really good advice. I've got better by not worrying about the outcome and trusting the research. It's easy to get carried away thinking about bank growth or what you might do with the money, even long-term financial plans have some sort of impact. If you can separate what is in your control and what's not that makes life a lot easier. You can't control the result (nothing you do can prevent or cause a last minute goal), but you control how you trade and making sure you don't make silly mistakes.
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@mark-maguire said in The BTC Football Trading Thread:
@chris-osborne I genuinely believe it's the most important hurdle I've crossed - the mental shift and probably the most important step to that has been recording trades so I can look at bad days with perspective of how they sit in context of the overall picture .. applies to not getting carried away with winning runs too. A year or so back I'd have been up and down like a Yo Yo..
Although i havent always mastered this at times but someone said to think about the process more than the outcome. So if you have a bad day but you trade well, stick to your plan, avoid your personal areas of downfall etc then it doesnt matter so much about the P/L because that will sort itself out longer term
Easier said than done at times but it makes a lot of sense!
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@martin-walker said in The BTC Football Trading Thread:
New strategy - last minute italian goals
Shouldn't laugh as been painful this week but you have to at times
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New strategy - last minute italian goals
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@mark-maguire Same for me, alot to be said for experience - patience, keeping emotions out of things and overcoming FOMO are just as important as finding strategies that work for you
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@richard-latimer said in The BTC Football Trading Thread:
I've got these for today but not enough data to feel ultra confident on Dundee yet so I'll be leaving that one. Lay Under 1.5:
2/2
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@chris-osborne I genuinely believe it's the most important hurdle I've crossed - the mental shift and probably the most important step to that has been recording trades so I can look at bad days with perspective of how they sit in context of the overall picture .. applies to not getting carried away with winning runs too. A year or so back I'd have been up and down like a Yo Yo..
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@mark-maguire I've seen similar good day today after a bad day (standard Saturday) yesterday removing the emotions as you mentioned is key.
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So a really good day after yesterdays leveller
LTD
Lazio vs Empoli
Dundee Utd vs Rangers
Nijmegen vs Ajax cashed out after Ajax goalWill all be 01.5 trades
All three green for 01.5 as well.FHG Boavista vs Gil Vicente
Waregem vs MechelenWont get any more excited about a great day than I will downhearted from yesterday but with some nice results elsewhere I can enjoy the fact it was one of the really good days
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@stephen-brooks-0 It's worth bearing in mind that the set and forget are all new (well relatively in terms of Betfair trading anyway) and in some cases the data applies more to the summer leagues than the winter leagues and they all have losing months. I think the LTD draw only began in July which is after many leagues had finished so it could be worth looking at a more established strategy, but the late goals in Italy are brutal this weekend. As mentioned before no one can know for sure what impacts the world cup has had and this is their first week back.
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@chris-king Thanks for this Chris appreciate the advice. Ive just been following the football set and forgets as they do seem to be profitable for nearly a year now. Just trying to surround myself in here with better traders.
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@stephen-brooks-0 I would highly recommend learning to paper trade properly first (that’s if you haven’t already) with no money using a spreadsheet to log everything.
Use the tools that are at our disposal because that will take away any financial queries or concerns and allow you focus 100% on the trading of a strategy to learn it inside out, find the best approach to take for you personally and get the familiarity with it you need to trade it confidently.
By the time you’ve done a few months you’ll be far more confident moving on to small stakes knowing you have your bank ready, plus while you’re paper trading you can find the best staking approach with zero risk and if you’re not ready, you can do as long as you need on paper until you are.
If i could start again I’d have cut out the year and half of small staking i used to do without sticking to a strategy or two or knowing the market it uses and how it behaves and not logging everything.
The Super Trader stuff from @Ryan has some great tools to use for this and it ones with a spread sheet i believe, or have a copy of the one i use or I’m sure loads of others will be happy to share their own to save you having to create one. -
@chris-osborne I am laying to liability
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@daniel-heim-råum said in The BTC Football Trading Thread:
the Lay The Draw at Kick-Off startegy does it mean i cashout after a goal or lat it run to 70 no matter what? think i miss understood. have just lat it run to 70 the last days?
For Ryan's bet green strategy cash out after a goal especially if the favourite scores first. If the underdog scores first if you have a profit cash out otherwise stay in until you do.
Cash out on 70 mins regardless of the current score
For the ltd on the set and forgets, stay in until the end although if you'd prefer I guess you can cash out on a goal although that would move it from set and forgets
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I've got these for today but not enough data to feel ultra confident on Dundee yet so I'll be leaving that one. Lay Under 1.5:
Trading Spreadsheet linked below
https://www.dropbox.com/scl/fi/3gnk1vku1krkoyfcq37y6/Trading-Bible.xlsx?rlkey=01eqhp8u73s61iy2s814sqfll&dl=0
