MY TURN FOR TO TAKE THIS SERIOUSLY
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@james-everard said in MY TURN FOR TO TAKE THIS SERIOUSLY:
Just an update feel really good not trading just paper trading all the strategies since my disaster a couple of weeks ago. I am going to carry on recording ,recording recording until the end of September and i should have quite a lot results to scrap any that are not making any money on.
If i find anything that is making good profit on i will start with a trading bank of £100.00 and use £1 stakes(1%) of my bank and go from there. I should have done this from the outset and listened to the advice but looking forward to a hopefully belated trading career!i actually use £1 stakes for my testing still get the feeling of Winning or losing!! And if £100 goes then that strategy needs work or bin!
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@james-everard said in MY TURN FOR TO TAKE THIS SERIOUSLY:
Just an update feel really good not trading just paper trading all the strategies since my disaster a couple of weeks ago. I am going to carry on recording ,recording recording until the end of September and i should have quite a lot results to scrap any that are not making any money on.
If i find anything that is making good profit on i will start with a trading bank of £100.00 and use £1 stakes(1%) of my bank and go from there. I should have done this from the outset and listened to the advice but looking forward to a hopefully belated trading career!I actually can't paper trade. Must be the fear of missing out?! Martin is right though, there is no rush. That's been the problem for most potential traders.
I'm only really doing SHG's at the moment.
le jeu avant tout
Am Yisrael Chai
When you got skin in the game, you stay in the game
But you don’t get a win unless you play in the game... -
@james-everard that's a great post! I think one thing I try and tell myself a lot is 'There is no rush!'. Not just in trading but in life, there's actually rarely a good reason to rush things and often it leads to bad outcomes.
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Just an update feel really good not trading just paper trading all the strategies since my disaster a couple of weeks ago. I am going to carry on recording ,recording recording until the end of September and i should have quite a lot results to scrap any that are not making any money on.
If i find anything that is making good profit on i will start with a trading bank of £100.00 and use £1 stakes(1%) of my bank and go from there. I should have done this from the outset and listened to the advice but looking forward to a hopefully belated trading career! -
@james-everard like you say not happened in years but it can happen, sods law really
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@Martin Yes it was horrendous Saturday and Sunday , just checked my losses over the two days and i have lost £204.83 ( 29 point loss).
That's why i have not traded since and will be paper trading until the end of September. It will enable me to look at various systems and take it from there -
@james-everard yeah me too, hopefully a black swan event!
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@Martin Hi Martin i shall have a look later this evening but not good . It was probably the worst weekend of football trading in the 4 1/2 years i have been on Betfair .
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@james-everard I was down 30 points I worked out over the weekend how bad was it for you?
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@Martin said in MY TURN FOR TO TAKE THIS SERIOUSLY:
@james-everard doesn't sound like there is any need to throw the baby out with the bathwater to me. You will get big ups and downs with set and forget as the variance is you win or you lose your whole stake.
Hi Martin i had only been trading them a couple of months so probably not enough data to prove they are definitely profitable strategies.
I am going to paper trade various systems until the end of September , and then take it from there hopefully something will stick out. I have some Back under 1.5 goals i have been paper trading 3 different versions will look at the end of the month if any look promising to continue paper trading -
@Akiva-Anderson fair point that!
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@Martin said in MY TURN FOR TO TAKE THIS SERIOUSLY:
@Akiva-Anderson that does seem to be a trend! I think maybe it counter balances like you have a freak weekend and so the results are freaky on other strategies.
Also the lack of matches in the summer leagues play a part. It can take you weeks to recover. May only take a few days to recover when the winter leagues are going because of the sheer volume of matches
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@james-everard doesn't sound like there is any need to throw the baby out with the bathwater to me. You will get big ups and downs with set and forget as the variance is you win or you lose your whole stake.
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@Akiva-Anderson that does seem to be a trend! I think maybe it counter balances like you have a freak weekend and so the results are freaky on other strategies.
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I always fine that if you have more than one strategy and the football is poor, then all your strategies tend to be poor.
I hate the summer leagues.
I use minimal stakes when it comes to trading football over the summer.
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@Martin hi Martin i was doing ok the late goal and back the draw have gone from doing ok previously to really poor this month
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I am going to spend the next two months purely recording data. Take a break from spending hard earned money and hopefully things will come good and i can find something that will be profitable. If nothing promising after this period then i will have to call it a day but i will give it one more chance.
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@james-everard said in MY TURN FOR TO TAKE THIS SERIOUSLY:
Thought i would post an update . I have had a absolute disaster this month so much so i am going to have to stop trading everything i have been trading . All the 4 set and forgets i have lost money on and all of my own strategies have failed miserably.
I am sure others have had a bad month also but it is very demoralising , not sure where to go from here any advice please?This happens...dips and troughs...last month on my horses were down 35points, thought about quitting and stopping but had faith that it was just a bad month, so far that has proved correct as so far in July I am back on form at +45points.
I have to be honest I left football alone after World Cup, started again last month and I am -16points so not great after trying the Away Lay system but ......Focus---Plan--Do---Review, you are at the Review stage, we all go in a vicious circle of this!! -
@james-everard how was your trading before this month? Could just be a bad month or is there anything to suggest this is a long term issue?
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@james-everard said in MY TURN FOR TO TAKE THIS SERIOUSLY:
Thought i would post an update . I have had a absolute disaster this month so much so i am going to have to stop trading everything i have been trading . All the 4 set and forgets i have lost money on and all of my own strategies have failed miserably.
I am sure others have had a bad month also but it is very demoralising , not sure where to go from here any advice please?My trading has slowed to an absolute crawl over last couple of months and have had some pretty rubbish results.
For me it's all about analysing every single stat now no matter how small. I combine many too.
When my data doesn't find enough previous samples that hit the data points I'm looking at for each game I leave it on amber in my spreadsheet, record the info for a win and rule it out for future until such time as it makes sense to call it an aberration.
It's more complicated, less plug and play and has taken me longer to set things up so I can do this quicker but I'm finding it the only way.
Currently down a little on the year but you get complacent and you get bitten.
Today perfect example. Stromsgodset almost there but combination of some stats and there was a reason to leave it for now. Another under.
Tomorrow when I'm less tired I'll look and see if it makes a good over lay for my mirror system.
