General questions about strategies and trading
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Hello,
This is my first post on this forum and I want to greet you all.
I have some questions to which you may have an answer.
- I read the mail every day with which matches it is recommended to play on that day, but what is difficult for me is to understand how to manage all these matches?
Today there are only 2 matches and it is not so hard to manage but in a weekend where there are 20 matches I miss important moments of entering the market, I miss some matches because I am attentive to one and not to the other.
I use flashscore and put the matches to favorites but if I don't always keep an eye on the application, I miss important moments.
- I bet £ 2 per event (back bet) and honestly I don't realize when it's a profitable day. What is the profit I have to pursue every day? £ 10?
I know that not all days are profitable but I need a realistic goal for me (being a beginner)
- For the "Second Half Goal Strategy (Gary's SHG)" the profit calculation is as follows (per 100 matches with 2 pounds/bet )
Average odds bet: 1.20
Investment to cover 100 matches: 200 pounds
Percentage of tickets won: 87%
Percentage of tickets lost: 13%
Profit from the tickets won: 87 x 0,4 = 34,8 pounds
Loss: 13 x 2 = 26 poundsSo after 100 matches, if the percentages in the strategy are respected, I have to make a profit 8,8 pounds.
Is this calculation correct? How long does it take to make the 100 matches?I hope I was able to explain my problem and maybe get some useful advice.
Thanks!
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@diaconescu-cristian I would master one sport first then look to move into others - if at all needed
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Ok, then things are simpler if you trade 1-2 events simultaneously.
I was thinking of using some automation software like BetAngel so that I can put several matches simultaneously but I accept your advice and today I will do 2 sessions with fewer matches but with more chances to win.
What do you think of other sports such as snooker and tennis? Have you played so that you can make a profit with these sports?
The Australian Open is coming up and these days it is the German Masters in snooker.
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I've been trading for many years but even now I would never be in more 3 active events at the same time and ideally just 1 or 2.
I've already decided which events I'm looking to trade before I sit down, I know when I will enter and what I need to enter that event. If I can't enter - in my case usually a goal before my entry time or poor in-play stats then I just eliminate it and move on to the next. It sometimes happens that I don't enter any trades at all in my trading window but that's just life - I never ever look for substitute trades that weren't in my initial plan.
If I have enough positions open for my comfort level I just ignore the rest of my list until such time that I've closed out an open trade and will then pick up my list again if that makes sense.
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Thanks for your detailed answer, it was helpful and made me understand things a little differently.
I want to ask you something else
In the interval in which you have a trading session, how many matches do you trade simultaneously? 2-3?
What if you chose a short list of events and after 1 hour of trading, your bets are already greenAre you looking for other events to cover the 2-3 hours of the session or do you stop?
Do you often use the free-bet option?
That is, do not cash out and be on 0 if a player loses and on profit if one wins.
Thanks!
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Several points there to cover, on busy trading days simply cut down your trading selections. Try to look at the shortlist as a list of potential trades that you will research further and refine.
What time of the day can you trade without distraction and monitor the markets, not much point including a trade at 3.00am in Mexico if you should be sleeping then. Not much point including a 12.00 Bundesliga 3 game if that's time your family expect your attention etc etc.
Maybe filter just those matches that suit the time you want to trade. On a Saturday I will often commit myself to 2 sessions, say 2.30pm - 5.00pm then a break then maybe an evening session 7.00pm-9.00pm.
Once you've decided your ideal time slots then maybe research the selections and refine it down to just 1 or 2 selections in that window. Which trades have red flags? Maybe key players missing or change of coach/manager or local rivalries where current form may not be as relevant.
I understand the frustrations when you are starting out at minimum stakes, with £2 trades you feel you need to be making a lot of trades to generate worthwhile returns to cover subscriptions etc but in reality this is a learning period, it's about establishing good routines and practises that set you up properly when you are trading with larger stakes.
Less is More is the mantra of many profitable traders. It isn't really about trading a lot of events, it's about refining the selection process to the optimum events, learning how the market reacts, finding the optimum time to enter/exit. Do you trade out for green or leave a free bet on your selection etc. Unfortunately there is much more to succesful football trading than a good shortlist, you are entering very efficient markets to try and eke out an edge.