Introduce Yourself to the Community
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Good Evening from a relative newbie.
Hope this is the best place for this post.
I joined about 4-5 weeks ago.
I did the intro on here and set alerts to the main forum threads on football, horses, tennis and a few others.
I read a lot and watched the videos.
I watched a lot on YouTube.
I listened to Trading in the Zone audiobook and a cracking wee ebook Ryan has a link for on here.
The people on here are terrific. Very helpful and plenty traffic which I mainly just learn from.
The football stats blow my mind. After years trawling websites for stats, this is a lifesaver.
I gambled mainly for the past 10-12 years and was a very good bank builder. I blew every bank I ever build.in one or 2 daft bets.
NOW I am a different beast.
So I started with over 1.5mg. Nothing mind blowing. I tweaked my filters a bit and still very early in testing. Probably not too much different to Ryan's 1.5mg strategy. I just pick the games and wait 10-20 mins and either get on 1.5mg or 0.5fhg. Just small stakes as I learn my way aboot.
I also have a few other strategies I am trialling. Being a novice it is more to learn how to trade than find a strategy. What advice would a relative newbie give to a newbie.- Be patient. Impatience was formerly my greatest issue. If there is nothing jumping out with value, go do something else until something presents itself.
- Educate yourself. Read and watch videos. Ask the guys on here. So much good advice and help from people who have been in the same place us newbies are before.
- Don't bin strategies. Tweak them. Amend them. Learn from every trade. I think one of the worst things I did was found things I was good at and profited from.....and then binned them when I lost a few bets/trades.
- Be Cold. The market/team/horse is not against you. I used to rage and throw s**t about when luck went against me. The market will move how the market moves. Do not become emotionally attached to each trade. Do not rage when you lose. Learn and move on.
- Set a plan when to enter and when to exit and stick to it. If you see a losing trade that you think is a goner, get out and take the loss. It seems that the real profits are made by taking your losses before they become £0. I often had a cash out on a hopeless trade of say 50% and just said ah well that one has lost, I will just let it ride. Now I cash them. A totally different mindset. I also often cash stuff for decent profit if I get a quick goal rather than letting it ride and being greedy.
- Set a bank. Set % per trade and stick to it. That advice has been around since the dinosaurs but so many people break it. Couple of bad trades and the mist comes down and the whole bank can go in one daft moment. DON'T DO IT. It never works. I reckon I have probably built £4/500 banks from £10-£20 10-12 times.....and sadly have blown them all in moments of regrettable madness.
- Look into software. I am crap with computers. V good with excel but that's where it ends. However, I am learning to use BetOnDroid and it is terrific for putting on stuff for overnight games or if I am going to be busy during the day. After spending lots of time Matches Betting and waiting for games.to start and watching in play for odds to hit, the boys n software to automate is brilliant. Can only do very basic things but how.to get better over time.
- Keep records of all trades and profit and loss and anything else you might find useful.
I keep first goal time and amount of goals for my 1.5mg strategy. I hope by the time I have 1000 games, I have a profitable strategy. - Have fun.
Sorry, long post. Welcome any insight or advice on this as I am green to trading.
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@stephen-arnold ok, so think about what has to happen for that to come true?
For example there has to be at least one goal - what’s that stats on that?
Home team has to concede first - what’s the stats on that?
Think about all the things.
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@ryan-carruthers said in Introduce Yourself to the Community:
@stephen-arnold So you want teams that come back from 1-0 after HT?
You say you are coming out of ideas as well?
no not at all , just the away team with good stats to be winning at half - time
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@stephen-arnold So you want teams that come back from 1-0 after HT?
You say you are coming out of ideas as well?
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@stephen-arnold said in Introduce Yourself to the Community:
@ryan-carruthers said in Introduce Yourself to the Community:
@stephen-arnold
What specially at HT?
the team that is winning at ht
thinking of the away side to get better odds , any filters you can come up with for me?
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@ryan-carruthers said in Introduce Yourself to the Community:
@stephen-arnold
What specially at HT?
the team that is winning at ht
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@stephen-arnold
What specially at HT?
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@ryan-carruthers said in Introduce Yourself to the Community:
@stephen-arnold What trades do you want to do?
Think about the kind of trade you want to do then you can build something around that buddy. I'll even help you here with the thought process.
HALF TIME
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@ryan-atkinson I'd read through the football thread matey, then let it digest and then if you had a Q ask it away
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@stephen-arnold What trades do you want to do?
Think about the kind of trade you want to do then you can build something around that buddy. I'll even help you here with the thought process.
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@martin-futter said in Introduce Yourself to the Community:
@stephen-arnold try the ones I have sent out in the emails for the past year
i am really looking for something new that i can test out coming out of ideas
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@ryan-carruthers cheers mate is there anywhere in particular to look on the football forum as a new trader? or is it just a case of flicking through?
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@ryan-atkinson
Hey buddy,
Another Ryan, I like it! Sounds like you are in the right place anything you need give me a shout
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hello everyone!
Who you are? Ryan
Where you are from? Milton Keynes - anyone local give me a shout!What stage are you at in your trading journey? new to trading, have done some research and reading so understand the basics but looking to really get stuck into football trading - will be starting with a £500 bank. have had a crack at matched betting but found it really boring and not very rewarding
What's your background? currently a mobile operations manager for network rail
Why did you join BTC? been looking at it for a while and now decided to really get involved and take my first steps into trading and seems like a good place to start with like minded people
What do you hope to get from the community? just some help and advice really and to learn from people who are further ahead than me
What are some of your trading goals? to start with id like to get the hand of trading football and get to a stage where im some what profitable, after that would be to make a second income to reduce overtime at work.
Cheers
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@william-oconnor
Welcome to the group! Sounds like we will be able to help you, don't worry about going on a bit that's what the group is for buddy! Need anything just ask.
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@william-oconnor welcome mate! thanks for your post, you are in the right place to learn, any questions just ask. to make sure you don't blow any more bankrolls watch this video on bankroll management: https://drive.google.com/file/d/1ibiT2P0de2gVhNMPqjEx7PR48Be1K1x2/view?usp=sharing
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@william-oconnor sorry guys didn't realize i went on a bit in this post. this is the first time i've joined something like this before.
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Hi BTC
My name is William O'Connor born an rise welsh boy from Cardiff' i have been interested in trading for about a good 4 or 5 years now. The thought of being able to make money from home an possibly doing it for a living being your own boss really is amazing. So first i looked into the financial markets and pretty much done some silly things lost money i couldn't afford not really understand what i was doing so i stop after wasting more then a year in and out of it with no consistency.
Then i came across to the match-betting at first i was skeptical to think i could really make easy money or even win every time no matter the outcome of my bets it was amazing its was the best thing since slice bread lol. i was making an easy 200+ a week i've heard that some people have made a hell of a lot more than that if squeeze every last drop out of the offers. But after time i realize that this wasn't scale-able plus after while the bookmakers start to limit your accounts so enough it will come to a stop sooner or later it was really nice while it lasted.
One of the best things i did start to learn or i glad i came across was the betfair exchange i had heard of betfair trading before even before i did match betting but thought it was impossible to be able to trade sports like financial instruments and make money from trading the sports we all love to watch and bet on. i learned the basic of how betfair works i jumped straight into football trading after watching quite alot of people on youtube lay the draw thinking i love football i no what i'm talking about boy i was wrong. i lost 2 banks of a few hundred very quickly i didn't have a staking plan or bank management it was a disaster. i quit stop everything i was doing and didnt even do any sports trading again for months.
But i just couldnt get it out of my head that this is that chance to learn i skill that could enable me to be able to work form home mainly be my own boss so i been back at now for over six months i've been mainly trying to learn to trade scalp pre horse racing but i'm not consistently profitable as of yet still a lot to learn. also for past two months i've got back into the football trading i love the sport and i really enjoy trading it i want to make it work keep learning and work my way to becoming i profitable sports trader one day part/full time professional. i am a slow learner as you can see from my past and my writing is terrible lol. This is why i choose to join BTC besides the stats software looks the bee needs i hope your guys can help me go along the right path to trading sports profitably.
Main things to note i need to improve alot on is my mentality when trading and don't to be scared to ask for help.
looking forward to the future.
