The BTC Football Trading Thread

Richard Latimer

@matt-wood said in The BTC Football Trading Thread:

@richard-latimer How does he monitor so many games at once? I guess it comes with his 'style' and experience.

As in the scores. That's easy. I'm doing it now.

Richard Latimer

@darri said in The BTC Football Trading Thread:

@james-everard said in The BTC Football Trading Thread:

@richard-latimer St Gallen have scored 58 goals this season and missing two players who have contributed through goals or assists 22 of those goals. I will take your better judgement though as you have been doing this considerably longer than me.
I have got to go out for an hour or so now, so will sneakily look on my phone to check the scores speak to you all in a bit

For this example their two top scorers are playing and their top assists are too, so id take that for team lineup wise.

The young boys game is a different answer, top scorer is suspended from last game and is by far and away top scorer contributing the most. This id avoid.

Remember its about edges in the market, this helps tip it in your favour. The trade might still have gone your way but if your basing anything off historical stats like @Richard-Latimer lay system then your basing it off them in the team. Take them out then your data is corrupt because they influenced those numbers.

Glad to see I'm thinking along the same lines. Weird though as I couldn't see anywhere saying Nsame was suspended. Where did you find this info?

Richard Latimer

@matt-wood said in The BTC Football Trading Thread:

@richard-latimer said in The BTC Football Trading Thread:

@matt-wood said in The BTC Football Trading Thread:

@richard-latimer agreed. It comes down to the 'type' of trader you want to be. Think this might be something that newbies, like me, struggle with. They see all the trading go on but at first don't understand the different types of trading styles and also don't know which type suits them. It will take time to understand this and to work out which type you are more comfortable with.

I'm defintely a person who is happy to take a few losses rather than red on winning trades too much. Psychologically, and I keep coming back to that word, it would hurt me to see good decisions lose money.

I HATE HATE HATE redding out only to see a goal. I can miss a goal from not getting in quick enough if it wasn't my time so to speak but if I'm in I'm in.

The only exception is redding at 1-2/2-1 on an ELO trade. The reason being I've got a years data to back up that it's the right ting to do.

I think that is a key there for you. You know yourself and your attitude to situations plus you have years of data to back up your particular 'style' of trading, which ultimately means it works for you. Of course any style can be refined and tweaked to improve the profit but the 'core' of what you do is suited to you as the person you are. To try and trade in a different way would mean you felt frustrated all the time and ultimately unsatisfied.

But then what do I know , I've only been a member for 26 days and I have drunk a fair bit of rum today

What do I know. I'm still wagering below minimum stakes haha!!

I have a plan but you know.....

This time next year Rodders

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@james-everard said in The BTC Football Trading Thread:

@richard-latimer St Gallen have scored 58 goals this season and missing two players who have contributed through goals or assists 22 of those goals. I will take your better judgement though as you have been doing this considerably longer than me.
I have got to go out for an hour or so now, so will sneakily look on my phone to check the scores speak to you all in a bit

For this example their two top scorers are playing and their top assists are too, so id take that for team lineup wise.

The young boys game is a different answer, top scorer is suspended from last game and is by far and away top scorer contributing the most. This id avoid.

Remember its about edges in the market, this helps tip it in your favour. The trade might still have gone your way but if your basing anything off historical stats like @Richard-Latimer lay system then your basing it off them in the team. Take them out then your data is corrupt because they influenced those numbers.

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I think Martin will trade for a certain period of time during the day and will have a few game son his list of potential trades. So he may trade for 2-3 hours throughout the day.

I think he spends most of the day not trading and enjoying the benefits of being a pro trader as being a pro trader you don't need many wins a day to walk away happy.

When you bank building you do loads of trades to build up the bank but a pro trader may only need to select one winning trade a day due to the size of their banks.

So £500 bank I may do one trade and win £5 but a semi pro trader with a £5000 bank will do the same trade and win £50 and may look for one other trade during the day.

A pro trader with a 10k bank would have won £100 on that trade and may just walk away from trading for the rest of that day.

Matt Wood

@richard-latimer How does he monitor so many games at once? I guess it comes with his 'style' and experience.

Matt Wood

@richard-latimer said in The BTC Football Trading Thread:

@matt-wood said in The BTC Football Trading Thread:

@richard-latimer agreed. It comes down to the 'type' of trader you want to be. Think this might be something that newbies, like me, struggle with. They see all the trading go on but at first don't understand the different types of trading styles and also don't know which type suits them. It will take time to understand this and to work out which type you are more comfortable with.

I'm defintely a person who is happy to take a few losses rather than red on winning trades too much. Psychologically, and I keep coming back to that word, it would hurt me to see good decisions lose money.

I HATE HATE HATE redding out only to see a goal. I can miss a goal from not getting in quick enough if it wasn't my time so to speak but if I'm in I'm in.

The only exception is redding at 1-2/2-1 on an ELO trade. The reason being I've got a years data to back up that it's the right ting to do.

I think that is a key there for you. You know yourself and your attitude to situations plus you have years of data to back up your particular 'style' of trading, which ultimately means it works for you. Of course any style can be refined and tweaked to improve the profit but the 'core' of what you do is suited to you as the person you are. To try and trade in a different way would mean you felt frustrated all the time and ultimately unsatisfied.

But then what do I know , I've only been a member for 26 days and I have drunk a fair bit of rum today

Richard Latimer

@matt-wood said in The BTC Football Trading Thread:

@richard-latimer I think you might be on to a winner there with the idea of stepping away when you are up in good green for a day. After all the next day resets at zero so you begin again. The day you make the good green in banked

How does Martin differ from the way you play it then? Is it significant?

He monitoes every game for the 90 minutes and and far as I can see if the strong team were to go 3-0 up and then be losing 3-4 at the end he would lay. Up until now I've not been doing that.

Matt Wood

@richard-latimer I think you might be on to a winner there with the idea of stepping away when you are up in good green for a day. After all the next day resets at zero so you begin again. The day you make the good green in banked

How does Martin differ from the way you play it then? Is it significant?

Richard Latimer

@matt-wood said in The BTC Football Trading Thread:

@richard-latimer agreed. It comes down to the 'type' of trader you want to be. Think this might be something that newbies, like me, struggle with. They see all the trading go on but at first don't understand the different types of trading styles and also don't know which type suits them. It will take time to understand this and to work out which type you are more comfortable with.

I'm defintely a person who is happy to take a few losses rather than red on winning trades too much. Psychologically, and I keep coming back to that word, it would hurt me to see good decisions lose money.

I HATE HATE HATE redding out only to see a goal. I can miss a goal from not getting in quick enough if it wasn't my time so to speak but if I'm in I'm in.

The only exception is redding at 1-2/2-1 on an ELO trade. The reason being I've got a years data to back up that it's the right ting to do.

Matt Wood

@john-hurst probably best if your head has gone. Best to reset and refresh then come back with a more focused and more clear mindset. Chin up though we are all learning and this is hard, nothing good is easy.

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Going to step away from this for a few days

Richard Latimer

@matt-wood said in The BTC Football Trading Thread:

@john-hurst Also I think Richard has a particular way of trading that works for him.

His lay the dog system (apologies Richard if I have this wrong) seems to be throw s*^t at a wall and some sticks, whilst some falls on the floor. Now I will strongly add to that it is very carefully considered s**t and a very carefully considered wall but you need to be 'all in' or not at all with it to make a profit.

The risks of 'dipping' in and out of it are that sods law says you dip into the ones that end up on the floor. Meanwhile Richard, as it is his system and works for him, is all in on it so more of his carefully considered s**t sticks than ends on the floor, so he makes a profit

haha I guess. I have started to consider calling time early on some days when profit hads been good as it very rarely gets better the longer hours your put in after a point.

Also, the way in which Martin plays it is giving me real food for thought so that's a happy bonus of sharing.

Matt Wood

@richard-latimer agreed. It comes down to the 'type' of trader you want to be. Think this might be something that newbies, like me, struggle with. They see all the trading go on but at first don't understand the different types of trading styles and also don't know which type suits them. It will take time to understand this and to work out which type you are more comfortable with.

Richard Latimer

@john-hurst said in The BTC Football Trading Thread:

@richard-latimer just didnt see the inplay stats being positive for a comeback so just did it out of trusting the elo ratings. Regret that trade now- was caught in no mans land

I'm very stats based and only now just starting to let a few other ideas in ie line ups and inplay stats. For me these will be important in refining what I have but will never be the bones of it.

Matt Wood

@john-hurst Also I think Richard has a particular way of trading that works for him.

His lay the dog system (apologies Richard if I have this wrong) seems to be throw s*^t at a wall and some sticks, whilst some falls on the floor. Now I will strongly add to that it is very carefully considered s**t and a very carefully considered wall but you need to be 'all in' or not at all with it to make a profit.

The risks of 'dipping' in and out of it are that sods law says you dip into the ones that end up on the floor. Meanwhile Richard, as it is his system and works for him, is all in on it so more of his carefully considered s**t sticks than ends on the floor, so he makes a profit

Richard Latimer

@matt-wood said in The BTC Football Trading Thread:

@john-hurst you just described my situation a lot of times. I think a key skill with trading is learning when to let things run and when to not. Of course it depends on what 'type' of trade you want to be.

I think that's another thing as well isn't it. some want the small gains and will avoid the full losses at all costs. Others happy to take larger wins and the occassional larger losses.

I believe Ryan is of the first type while Martin may be the 2nd. They'll correct me if I'm wrong but that's just the way I see it. I don't think either is right or wrong, just comes down to application and I guess psychology of how you see and deal with things.

As we speak Young Boys with their depleted front line just gone in front.

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@richard-latimer just didnt see the inplay stats being positive for a comeback so just did it out of trusting the elo ratings. Regret that trade now- was caught in no mans land

Richard Latimer

@john-hurst said in The BTC Football Trading Thread:

@matt-wood got involved in laying the dog in that falkenburg game then traded out for small loss as thought there was no action and regretted getting involved then of course the goal came out of nowhere. No idea if i should bother with in play any more for the dog lays- seems like a lot dont.

For my two pennies worth I looked when I got in but then it was done. Win or lose.

The goals came against the run of play as far as inplay stats concerned so I had no hesitation. That said, if it's a fairly even game I will still trust the motivation of the stronger team to pull it round.

Where I am looking to change is if the stronger team is getting battered I will hold off haha!!

Wish I'd done that with Vaduz for example and waited for a better entry.

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@matt-wood aye think my problem there was getting involved when i should have done. What happens when youre not 'on it' mistakes start creeping in