The BTC Football Trading Thread

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@keith-anderson I know mate... All posts made from a trading angle

Stuart Wallace

@keith-anderson said in The BTC Football Trading Thread:

@alan-steward said in The BTC Football Trading Thread:

Interesting line up for Norwich, Smith is basically fielding a 4-4-2 with 2 strikers on the pitch Pukki & Idah.

Would imagine they will hoping to choke the midfield and use Idah as a target man and have Pukki playing deeper.

Still not seeing a 0-0 here and hopefully there will be some early pace

Give it up mate, you’re relegated!

Ha ha, they couldnt even score a goal against us in first half on Saturday, and we are 2 divs below them !

Akiva Anderson

@alan-steward said in The BTC Football Trading Thread:

Interesting line up for Norwich, Smith is basically fielding a 4-4-2 with 2 strikers on the pitch Pukki & Idah.

Would imagine they will hoping to choke the midfield and use Idah as a target man and have Pukki playing deeper.

Still not seeing a 0-0 here and hopefully there will be some early pace

Give it up mate, you’re relegated!

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Interesting line up for Norwich, Smith is basically fielding a 4-4-2 with 2 strikers on the pitch Pukki & Idah.

Would imagine they will hoping to choke the midfield and use Idah as a target man and have Pukki playing deeper.

Still not seeing a 0-0 here and hopefully there will be some early pace

Stuart Wallace

@keith-anderson said in The BTC Football Trading Thread:

I see the Africa cup of nations strikes again. Yesterday in the Egypt match, the footballs weren’t pumped up properly. Today in the Tunisia match the referee blew for full time on 85 minutes

Unbelievable Jeff.

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@keith-anderson said in The BTC Football Trading Thread:

I see the Africa cup of nations strikes again. Yesterday in the Egypt match, the footballs weren’t pumped up properly. Today in the Tunisia match the referee blew for full time on 85 minutes

And later they couldn't find the sound file for the Mauritania national anthem so they didn't have one...!

Richard Latimer

@keith-anderson said in The BTC Football Trading Thread:

I see the Africa cup of nations strikes again. Yesterday in the Egypt match, the footballs weren’t pumped up properly. Today in the Tunisia match the referee blew for full time on 85 minutes

Ref. should see if he can get a job in England. It's just the sort of calamitous mistake we embrace in this country!

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@mark-maguire said in The BTC Football Trading Thread:

@stuart-wallace Oh god Stuart now I'm panicking about West Ham vs Norwich .. If Norwich keep a clean sheet first half its the fault of the Norwich fans on here btw remember I'm out at 60 mins on the O2.5 trade regardless and only enter third and fourth drip based on in play stats being good.

Fingers crossed!!

There's a rumour that we might be fielding 3 CB's tonight... Don't think West Ham have done too well against that formation this season??? However this is leaky Norwich we're talking about

We might keep a clean sheet FH or we might concede in the first 5mins who knows we can get a trade in, I might be tempted to Dutch 3-1, 2-2 & 1-3

Akiva Anderson

I see the Africa cup of nations strikes again. Yesterday in the Egypt match, the footballs weren’t pumped up properly. Today in the Tunisia match the referee blew for full time on 85 minutes

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@mark-maguire I have aborted it Mark, its an Italian Cup Match, so no go for me. I have another one tonight which is Your Ammers v Norwich City, which has a 19.45 K/O the only Fly in the opintment with that one is that My Team Chelsea are at Spurs which is also on the 5th Stand App, so I shall wait and see.

But you are doing well so well done, got some great knowledge which is invaluable for people like me.

Mark Maguire

@dave-hayes great stuff mate thank you.. fingers crossed for that second trade going green..

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@mark-maguire What a brilliant post, really really good and I agree with all your sentiments and thinking. Like you I am absolutely no where being a Pro Trader, sure its my end goal, but lots of learning in here from others and yes I have been panicky, made wrong trades, until I actually did think about what I wanted to trade, which market to trade and why...

So from my short time of being here, I have learned loads, especially which market to trade which is the FHG / LTD market, I have created my own filter, have a blog which my accountability blog and know when I am entering trades, on which matches and when my exit point is.

Keiths 3% idea is great, really superb. Having jumped about when i first came here, lessons have been learned from everyone in here, @Ryan for definite. Now I have settled down much more.

You talk about the feelings of panic, they were so new to me, and it was those which caused me to make 'some bad decisions within a trade, which now I have settled on and have my entry and exit points, regardless, takes that fear of panic away.

I agree with you when you say this is a great place to learn, it certainly is and all of us will become much better traders for being in here.

This afternoon, I have already done one trade, which was a nice profitable one, from a filter and ideally about to do a second one, shortly.

Mark Maguire

@matt-wood Thanks Matt.. I'll see you on the off topic thread for free work out advice

Mark Maguire

@stuart-wallace Oh god Stuart now I'm panicking about West Ham vs Norwich .. If Norwich keep a clean sheet first half its the fault of the Norwich fans on here btw remember I'm out at 60 mins on the O2.5 trade regardless and only enter third and fourth drip based on in play stats being good.

Fingers crossed!!

Stuart Wallace

Maybe i can just qualify that i dont do trades in my sleep (well, maybe i do in my dreams now!) - but the worst trade in terms of numbers was putting a large back on NZ in first test v BAN and then going to bed thinking i will just collect my big green in the morning - only to end up losing about 60 pts ! - total rookie error - no data collection, no nothing, just in essence a mug bet, stupid in hindsight, and something i will never repeat.
BTW, i will be following your tradeing with West Ham v Norwich tonight, so, no pressure. !
I have had a good day trading the cricket today with everything seemingly coming off, so lets see if i can keep the green rolling !

Matt Wood

@mark-maguire Great post there Mark. Some really good points which people will really benefit from.Ego in the bin is great life advice. Always used to be the first thing I told clients when they stepped into the gym for the first time with me.

Mark Maguire

@stuart-wallace thanks mate - I've done all that except unlike you early days I blew the small bank I had a couple of times. But now a few months of growth and no deposits into the bank so going in the right direction I hope.

Stuart Wallace

Great post Mark and really appreciate your comments.
I am probably about 6 months behind you, and my proudest accomplishment so far is not having blown my Bank once !
I have made stupid trades (mostly when either very sleepy or asleep) where i have lost significant amounts of my Bank, but i seem to be able to get back on the treadmill and recover slowly, which i take as a positive.
One thing i havnt done religiously is keep a trade history, but acknowledge your comments, and will revisit the videos and adopt a way to collect my trades.
again, many thanks.

Mark Maguire

Meanwhile the only one on my filters today is West Ham vs Norwich

02.5 66% (1.62) O1.5 86% (1.25) and FHG 97% (1.11)
Projected score 3-0, I see proper odds as 1.28/22.4 plus one stat (sorry Martin) is that Norwich on average concede 1.11 FHG this season away from home. This also comes up on my o1.5 filter

Will trade this game semi aggressively

Mark Maguire

I've been thinking about posting this for a couple of days, in doing so I want to make clear I consider myself a newbie, emerging to becoming a semi newbie, so not remotely established yet.

But, I see lots arriving on here, a brilliant place to be, and relate to their feelings of fear, panic, sometimes even inadequacy at how to become expert and how the pros just make it look easy etc.

Even when you start, at times the brilliant advice in itself can be an inhibiting factor because you start to follow a pro trader and what they do.. a trade goes wrong and your mind is like "they're not telling me everything" or "what did I do wrong" "Why are they so confident , why dont I get it " etc etc.

I believe strongly that in that transition from following the fantastic video course to choosing where you want to go its really important that:

From day one record every bit of data you can from everything you do. The guys have created sheets for this, use them .. and I will say why in a minute..
Be patient - we .. you and I, dont have to be as expert as the Pro Traders on here within a month, two months or even a year, enjoy the learning and dont put yourself under pressure - its not a quick fix solution for your life but if you invest time in learning it, who knows where it will take us. But dont be in a rush
Ask yourself a question .. Have you got a fixed idea of what you want to trade? Which sport, which market? If so Why? Whats your angle?

If the answer is yes, decide what has to happen for that to be a success and test some filters - paper trade them and collect the data as above. If my experience is anything to go by, its this collecting of data which will throw information up at you which will define and direct your strategy, which can start as simple as you like but as you gain knowledge you will gain confidence.

If the answer is no.. so what... Just follow some of the profitable filters linked to the sport you want to trade, do it religiously and record the data, and as you progress you will develop ideas, confidence and eventually your own filters. But we don't all have to be Bill Gates .. we dont even have to reinvent the wheel. It can be off putting when you see incredible results posted in a manner which makes you feel inadequate, but, as Keiths 3% thing shows - by simply following a disciplined, profitable approach you can grow your bank, grow your confidence and give yourself time to develop your own ideas. There's no shame in not having the answers and ideas on day one.

Instead of trying to learn what the Pro Traders on here are thinking - learn the disciplines and tools they use - most of the time they are trying not to think because thinking gets in the way of discipline. For me learning more advanced excel, learning to enjoy the data analysis and learning stuff on mindset has been invaluable and actually bloody good fun.
Ask stupid questions and be happy about it.. the best part of being on this site is you can, and its the best learning.
Leave your ego in the bin.. my ethos in my life outside of trading, has always been "be in your worst mood after your biggest success" thats because celebrating a short term achievement can lead to arrogance and ego and complacency - so ten great trades on the trot, to me means I'm due some bad ones. The accountability posts on here are just important for the failed trades as they are admiration of the successes.

Finally do it your way.. once you start to look at how @Martin @Ryan or Richard Futter or Keith or Adam or John Folan etc etc trade you will see that different approaches work for different people. Don't be scared of taking your chosen market from one of them, but an approach from another - some like automation, some dont trust it for example, both is fine .

I've rambled but its only because I feel for those feeling the panic I did a year ago.. I'll repeat I'm nowhere near yet. But please relax, revisit the advice, and the resources on here and don't try and be a hero trader in the space of a week, as I understand it, that short term approach will likely lead to short term involvement in trading.

We are all blessed to have this place to learn .. look forward to screwing up enough times in front of you all to get to a semi competent place.