Passiv Investement & Active Trading OPTIONS
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Hello, I have a question and would like to consult with you about what you think of the plan. You know my goal is to reach £40,000 regardless of how or what the trading involves, so I think all means are allowed.
If I were to invest £1,000 with a proven bot that has historical data, where the strategy is that strong favorites are behind by one goal and when they make a comeback, you cash out and secure the profit. Alternatively, you could take medium risk and let the favorite win, resulting in higher variance with a higher payout. However, since I am conservative, I prefer to bet on a draw and cash out, playing it safe with lower variance. This bot has only good reviews on both professional traders' review sites and the Betfair community, and there are no issues.
I am considering this instead of the stock market with a 30% tax on capital gains. I am also thinking about compounding by depositing £500 every month and increasing the stakes proportionally. I am considering the win-loss ratios and how to diversify and distribute risk as effectively as possible. Monthly intervals may be too short for win-loss distribution variance to be sufficiently even, despite a high win rate. Therefore, I am also considering making quarterly deposits to allow the win-loss variance to distribute more evenly over time. This way, it becomes easier to implicitly add both the profit and the contributed capital for compounding, and in relation to the total amount, increase the individual stake for each trade.
I believe this approach optimizes investment and savings implicitly, and by generating profits, I can accelerate the process of reaching my goals with a proven bot at a relatively low monthly fee. Additionally, to not hinder the process with this method, I will continue my own trading on Smarkets and Spread X. I plan to diversify my opportunities by placing eggs in different baskets, where some work as passive income and part of me actively trades.
I am also considering my own alternatives like Betfair Bot Manager, but at the moment, it requires functional and proven trading methods and learning how to code the bot. Additionally, it is more expensive than a ready-made package solution since the bot I refer to only costs £10/15 in fees, whereas with my own solution and VPS, the monthly cost would be higher.
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@Patrik-Mellqvist I like the idea but it will be entirely dependent on stakes used and whether or not your strategy is a long term success.
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@Martin said in Passiv Investement & Active Trading OPTIONS:
@Patrik-Mellqvist hi mate what is the question?
Yes, you are right maybe it was a little bit fuzzy what my intention was as the final decision on what road I want to take
But I would specify one consideration and question and wonder if you agree when compounding and at the same time investing more money into a bot it might be better to wait for the variance and to win and lose trades to spread out evenly and for Seattle to some degree before putting in more money and let the bot compounding as I describe above.So let the bot do its own thing every three months then put in more capital and compound the overall stake?
Is that an investing strategic thing I can do or what is your opinion? -
@Patrik-Mellqvist hi mate what is the question?
