The Predictable but hopefully successful new year reset...
-
So 2023 has nearly come to an end and its been quite a speedy journey to Betfair Trading as didnt know it existed 8 months ago but after a year of matched betting, 3 months of trading and a month of BTC i am hoping i am in a position to get the mindset straight and kick on from here... i have spend the day creating stratagys that i will paper trade over the next few months and will hopefully compliment and then replace my current LTD stratagy which seems to be pretty good but only ever feels like being a bad run away from back to square 1... anyway, not expecting anyone to read this but hoping it will keep me on track as i have a tendency to overtrade (sure thats a common issue)...
Happy New Year to any poor sod who spent the last few minutes reading this
-
Yea Santa Barbara as so so cool, if you liked that then you will love San Clemente (which is one of my favs now!).
San Diego was a tad overrated in my opinion, the zoo is insane but I much preferred Orange County
-
@Ryan Santa Barbara was just a really cool, chilled beautiful town.... happily live there, however, highlights were Alcatraz tour, Whale watching and Yosemite national park... beautiful state... need to get back and get to San Diego.
-
@Shannon-Townsend Wow I have done this twice now, what were the highlights for you?
I don't know about you but Venice beach for me is so cool, I also love San Clemente, Santa Barbara.
-
@Shannon-Townsend just spend a couple of days at Universal (avoid Disney imo) then head down Florida to the keys, well worth it!
-
@Martin Down the coast from San Fran to LA via Yosemite national park... was epic, think Florida may be the next place but i want to go to the keys and kids want theme parks lol...
-
@Shannon-Townsend amazing! Whereabouts did you go? Need to fund another trip to Florida myself!
-
@Shannon-Townsend Back from an amazing road trip in California with the family and finally have a couple of potential trades today so hopefully my LTD will continue in the right direction to help pay for the next trip...
-
18 days since last update and not much changed... gained another pt from the 12 selections i have had in that time so still positive news... am heading away for most of August so by my next update the winter leagues will have started...
-
@Shannon-Townsend said in The Predictable but hopefully successful new year reset...:
@james-everard Thanks James, thats really encouraging to hear... if i can follow in your footsteps i would be very pleased, i think i have pretty much cracked the discipline aspect so hopefully can continue to grow bank slowly but surely.
Hi Shannon, i have been a member of BTC for over 6 years and it took me over 4 years to take on the advice of testing strategies before blowing many banks and chasing losses.
Finally got my mentality right and eventually starting to reap the rewards.
I am sure you will be a profitable trader in the long run -
@james-everard Thanks James, thats really encouraging to hear... if i can follow in your footsteps i would be very pleased, i think i have pretty much cracked the discipline aspect so hopefully can continue to grow bank slowly but surely.
-
@Shannon-Townsend said in The Predictable but hopefully successful new year reset...:
@Shannon-Townsend LTD update - 10 days on another 13 selections and a further 4 pts in profit...
Now 342 selections and 21pts profit... i am only on £2 stakes but as my stakes increase i will be really pleased if this level of return continues.
Happy with this slow and steady approach and following a few years of matched betting i have now deleted all bookmaker apps from my phone and have put the betfair app in with my banking apps to remind me i am doing this as a long term investment and not just for fun... mindset continues to improve.
Your bank will start to improve slowly keep at it. I started properly about 18months ago after paper trading various strategies for 4 months. I started off with £100 bank using 1% stakes it takes a while to build your bank. I increase/decrease my stakes at the beginning of each month based on the overall profit or loss. I now 18months on have a bank of £1534.00 at the start of July so my stakes are £15.34.
Still not where i want to be but certainly going in the right direction and not chasing loses etc. -
@Shannon-Townsend solid return so far, hope it continues!
-
@Shannon-Townsend been 22 days since last update and now on 364 selections and a 20pt profit so lost a pt over the last 3 weeks but selections have been very few and far between.
-
@Shannon-Townsend LTD update - 10 days on another 13 selections and a further 4 pts in profit...
Now 342 selections and 21pts profit... i am only on £2 stakes but as my stakes increase i will be really pleased if this level of return continues.
Happy with this slow and steady approach and following a few years of matched betting i have now deleted all bookmaker apps from my phone and have put the betfair app in with my banking apps to remind me i am doing this as a long term investment and not just for fun... mindset continues to improve.
-
@Shannon-Townsend another 17 days have passed and with them only 16 selections due to the time of year... another 2pts of profit thogh so slow and steady is continuing.
329 selections and 17pts profit now
-
LTD update -
2 weeks and 25 trades on and another 4 pts profit..
I have now traded 313 selections since 11th March and have made 15pts...certainly slow and steady but as i scale the stakes i will be very pleased if these profits continue... sticking to my rules is making a big difference as for all the trades that would have gone on to win had i have left them running there are plenty that would have gone the other way...
-
@Shannon-Townsend slow and steady wins the race! well done
-
32 trades since last update and LTD continuing to go in the right direction... gained another 4 pts over the last 9 days... it is slow and steady at the minute.
