MY TURN FOR TO TAKE THIS SERIOUSLY
-
@darri said in MY TURN FOR TO TAKE THIS SERIOUSLY:
@james-everard sounds good, as long as you are happy with the amount of data you have for them. 1%/1 point of the bank is easily measured by just dividing your current bank by 100. Its the easiest way to calculate and the way id encourage anyone new to start with. People do variations of this but there is no need. Just stick to 1% is 1 point of the bank, nice and simple.
So in your case a £200 bank
1 point is £200/100 = £2
Just change the measurement anytime you plan to up stakes. The art of compounding.Good luck with this. Be a pretty interesting period of your life if not only are you meeting your daughter but now also making £££s from trading. Hope this period goes well for you mate and make up for the past (gambling), here if you ever want an SOS chat mate, there is no better feeling than moving on from negative times with gambling, we can both share similarities in that
Thanks Darri , i thought 1% of my bank is the easiest way of understanding bank management and starting out trading properly.
The discipline side is essential for this to work. And now having a plan set out not over complicating things is the way forward .Thanks for your support appreciate .
Will keep you updating on this blog and any advice would be welcome -
@james-everard sounds good, as long as you are happy with the amount of data you have for them. 1%/1 point of the bank is easily measured by just dividing your current bank by 100. Its the easiest way to calculate and the way id encourage anyone new to start with. People do variations of this but there is no need. Just stick to 1% is 1 point of the bank, nice and simple.
So in your case a £200 bank
1 point is £200/100 = £2
Just change the measurement anytime you plan to up stakes. The art of compounding.Good luck with this. Be a pretty interesting period of your life if not only are you meeting your daughter but now also making £££s from trading. Hope this period goes well for you mate and make up for the past (gambling), here if you ever want an SOS chat mate, there is no better feeling than moving on from negative times with gambling, we can both share similarities in that
-
Thanks all for the messages means a lot. Been an emotional roller coaster but can't wait to for the new adventure to begin.
Trading is going to change from now on, i can't afford to waste money like i have and will be sticking to one strategy and hopefully will reap the rewards.
Will be updating my trading journey much more often which will help me keep focused. -
@darri said in MY TURN FOR TO TAKE THIS SERIOUSLY:
@james-everard if i were you id make sure you start to measure all this with points/% of bank. As soon as you scale the bank youll be chopping and changing your thought process on these.
For example stuarts ltd system is currently making you just shy of 2p per trade. Even with compounding this takes a heck of a lot to plough through with trades and bank outlay. Its only just made it into profit for the first time in ages and now suddenly you want to trade it with real money. Try to focus on long term data from your own perspective/findings. 2p made per trade over +400 trades is a worry and not something youd advise anyone to trade right now. Perhaps give this one till start of february see if it has 3/4 consistent months. Rather than one big one after several losing ones.
Your LTD is 7p per trade. If we take this from a general view, and go with you using £2 as your max liability (im assuming your not meaning £2 stakes) then you risked £1,500 to make just £55. Obviously that gets higher if these are min stakes rather than min liability. The amount of trades here is quite a lot for 1 strategy. Its double that of stuarts this month. No tweaks to improve them and also cut down on the losses?
Right now i just see these as pains of variance cycles. Between the 2 of them is there a few tweaks to improve them to give you a bigger edge?
Your underdog seems to be doing well tho, 4x less trades and almost 1.5x the profit. In fact this one your making almost £1 a trade. Which compared to the pennies the other 2 are making seems like this one should be used for your trading bank. Much smaller sample but clearly a bigger maybe more safe edge with regards to variance and bank outlay for hundreds of trades. The other 2 look labour some and not that profitable compared to amount of trades and money needed to place them. Just my opinion. Iv said this already having 2 strats in the same markets always worries me that eventually youll hit bad variances on those specific markets in freak weekends.
However cant judge fully on the dogs because cant see points/% of bank. Id definitely start recording this with points/% of bank, especially now your gonna be trading these. But the dogs if liability is £2 and not £2 stakes seems to be a goer.
Hi Darri thanks for your honest assessment on what you think i should do. I am going to take a few days off trading entirely get my mind refreshed and focused and take on board your points.
I will analyse my ltd and see if there is anything potentially in the system by breaking down the results and looking at leagues and odds ranges that could potentially find an edge in . If there is anything i will then just paper trade recording odds and results for 3 months and see if there is any improvement.
Will just work on my laying of the underdog as you are quite right it is the only non labour intensive profitable strategy. Will start this weekend was thinking of starting with a £200.00 bank using 1% banks stakes. So just to confirm doing this it would be £2.00 liability stakes with a £200.00 bank? -
Glad everything went well mate, that’s all that matters.
-
@james-everard said in MY TURN FOR TO TAKE THIS SERIOUSLY:
Hi All
Finally got to meet my daughter today which was great and hopefully a start of a relationship we have both missed for years. Thanks again for all your kind messages and support it really means a lot.
After finally catching up with the October results i have held back especially with the international break until the Beginning of December another two weeks won't hurt.
My ltd strategy had a bad month and this month seems to be continually the same form. I think with fans back in the grounds has effected this system so will reevaluate this strategy and see if their is an angle to work from
Stuarts ltd strategy has had the best month to date
And my laying of the underdog has had a good month so may start trading these two strategies next month.
Here are the resultsSystem 1 - Stuarts set and Forget Ltd at Kick off
October trades - 55 , won 48, lost 7 , s/rate 87.27% profit for month £11.91
Total trades to date for this system 446, won 349,lost 97, s/rate 78% , Total profit to date £7.68System 2 - My own set and Forget Ltd at kick off
October trades 102, won 72, lost 30, s/rate 70.58% Monthly loss of -£8.59
Total trades to date for the system , 764, won 588,lost 176, s/rate 77% Total profit to date £55.67System 3- Laying the underdog if they take the lead
October trades 27, won 19,lost 8, s/rate 70.37% Monthly profit of £53.73
Total trades to date 88, won 51, lost 37, s/rate 58% Total profit to date £81.90This is really great news, James. Thanks for sharing with us; reminds us all of what is truly important amid the nonsense we get bogged down in.
-
Wow, seems I've missed some massive stuff in this thread. Amazing to hear your story James and so pleased for your 2nd chance. We all need one of those at times. Just up to us to grab it with both hands!
-
@james-everard so pleased you got to meet, always nervous moments in these situations to see if they will turn up, must have been nervy for her given the length of time too.
Fantastic news!
-
@james-everard Excellent to hear about the news on your daughter, I hope that relationship really kicks on for the both of you.
So the plan with the trades now is to follow these 3 strategies?
-
@james-everard if i were you id make sure you start to measure all this with points/% of bank. As soon as you scale the bank youll be chopping and changing your thought process on these.
For example stuarts ltd system is currently making you just shy of 2p per trade. Even with compounding this takes a heck of a lot to plough through with trades and bank outlay. Its only just made it into profit for the first time in ages and now suddenly you want to trade it with real money. Try to focus on long term data from your own perspective/findings. 2p made per trade over +400 trades is a worry and not something youd advise anyone to trade right now. Perhaps give this one till start of february see if it has 3/4 consistent months. Rather than one big one after several losing ones.
Your LTD is 7p per trade. If we take this from a general view, and go with you using £2 as your max liability (im assuming your not meaning £2 stakes) then you risked £1,500 to make just £55. Obviously that gets higher if these are min stakes rather than min liability. The amount of trades here is quite a lot for 1 strategy. Its double that of stuarts this month. No tweaks to improve them and also cut down on the losses?
Right now i just see these as pains of variance cycles. Between the 2 of them is there a few tweaks to improve them to give you a bigger edge?
Your underdog seems to be doing well tho, 4x less trades and almost 1.5x the profit. In fact this one your making almost £1 a trade. Which compared to the pennies the other 2 are making seems like this one should be used for your trading bank. Much smaller sample but clearly a bigger maybe more safe edge with regards to variance and bank outlay for hundreds of trades. The other 2 look labour some and not that profitable compared to amount of trades and money needed to place them. Just my opinion. Iv said this already having 2 strats in the same markets always worries me that eventually youll hit bad variances on those specific markets in freak weekends.
However cant judge fully on the dogs because cant see points/% of bank. Id definitely start recording this with points/% of bank, especially now your gonna be trading these. But the dogs if liability is £2 and not £2 stakes seems to be a goer.
-
@darri Hi Dari hope you are well mate? I have purely been placing £2 min liability stakes testing so not a percentage of my bank. I was going to start trading with a £300 bank at the start of November using 1% stakes ie £3 liability on my ltd strategy but i noticed when i was behind on my results input it appeared to be performing badly and has continued this month as well which has knocked my confidence in the strategy.
Stuarts Ltd system performed poorly over the summer months but this month was a great strike rate and seems to be continuing in the same vain this month so maybe will go for this in December. As stuart has mentioned he has i think 5 years of data to back it up so hopefully a return to normality in this system.
My laying of the underdog also is performing better and nothing better than laying the underdog late in the game or when 2-0 up profits are very promising so think this maybe the other system i will take up in December -
@james-everard just to get a good judge of what those profits really measure to, what is your bank for these. Id like to know how much points/% of bank these are making. Thats a lot of trades for only £7. Are these accumulative profits etc, ie each month a compounded amount in relation to a new bank. Its great you are sharing these but would be decent to know what the bigger picture is especially that amount of data now, should be able to find a solid base to trade from with them. Sorry for the questions just curious when people share these type of results as to what that actually means in terms of bank. Cant really say if your doing really well or not without knowing.
-
Hi All
Finally got to meet my daughter today which was great and hopefully a start of a relationship we have both missed for years. Thanks again for all your kind messages and support it really means a lot.
After finally catching up with the October results i have held back especially with the international break until the Beginning of December another two weeks won't hurt.
My ltd strategy had a bad month and this month seems to be continually the same form. I think with fans back in the grounds has effected this system so will reevaluate this strategy and see if their is an angle to work from
Stuarts ltd strategy has had the best month to date
And my laying of the underdog has had a good month so may start trading these two strategies next month.
Here are the resultsSystem 1 - Stuarts set and Forget Ltd at Kick off
October trades - 55 , won 48, lost 7 , s/rate 87.27% profit for month £11.91
Total trades to date for this system 446, won 349,lost 97, s/rate 78% , Total profit to date £7.68System 2 - My own set and Forget Ltd at kick off
October trades 102, won 72, lost 30, s/rate 70.58% Monthly loss of -£8.59
Total trades to date for the system , 764, won 588,lost 176, s/rate 77% Total profit to date £55.67System 3- Laying the underdog if they take the lead
October trades 27, won 19,lost 8, s/rate 70.37% Monthly profit of £53.73
Total trades to date 88, won 51, lost 37, s/rate 58% Total profit to date £81.90 -
@darri said in MY TURN FOR TO TAKE THIS SERIOUSLY:
@james-everard we can plan out things in life but its the 2nd chances we get at things that can have such a lasting effect on us. I was a gambling addict, i became homeless, lost contact with friends and family in pure shame/embarrassment. I changed my life when after a few years i saw my little bro again. He wasnt so little anymore. I didnt want to be the down and out bro who drinks, gambles and sleeps around with women. I basically just never grew out of the 18-23 yr old that everyone tries at some stage. He never knew how bad my situation was and my mum probably encouraged me to meet up with them that day as a olive branch. Family are everything. It took me to rock bottom to see this but there is something great about rebuilding. The only way is up. Take this chance mate! It can only bring benefit to everything else in your life, like you are witnessing with your trading mindset. Lot of common themes with me and you, keep me updated mate, really hope it goes well for you
Thanks Dari. That's really good how you have turned your life around mate, your family must be so proud. Will certainly take this chance i have so much missed not being part of her life, look and focus to the future now
Thanks the message much appreciated . -
@james-everard
Sounds like a gift from the universe , those who are granted them are granted them for a reason. Send my love and strength to you brother . -
That’s the best news I’ve heard today James. Good luck. Hope it all works out.
-
@james-everard that's incredible and seems like she has been looking for you. Hope it goes well mate
-
@james-everard we can plan out things in life but its the 2nd chances we get at things that can have such a lasting effect on us. I was a gambling addict, i became homeless, lost contact with friends and family in pure shame/embarrassment. I changed my life when after a few years i saw my little bro again. He wasnt so little anymore. I didnt want to be the down and out bro who drinks, gambles and sleeps around with women. I basically just never grew out of the 18-23 yr old that everyone tries at some stage. He never knew how bad my situation was and my mum probably encouraged me to meet up with them that day as a olive branch. Family are everything. It took me to rock bottom to see this but there is something great about rebuilding. The only way is up. Take this chance mate! It can only bring benefit to everything else in your life, like you are witnessing with your trading mindset. Lot of common themes with me and you, keep me updated mate, really hope it goes well for you
