freddy wrote:Really depends on what you mean by 1% per market,
I assumed it to mean 1% of your trading bank, but i might have misunderstood.
With a 1000-00 trading bank for example to be making an a average of 10-00 per market you would have to be a very very good trader indeed.
but If your talking about 1% profit on your stake per market, well then thats much easier, a couple a ticks scalping and your there,
but it all relative anyway at the end of the day you could also lose a few ticks / % too .
doesn't really work like that anyway,
even if your making 0.0000001 % profit per market on adverage your still doing much better than most are.
eayvmb1 wrote:Hi all,
I am long time lurker and in all honesty I would still consider myself a BF/BA newbie. I have gone through all the normal newbie wannabe trader emotions/finger burning excises.
Started about a year ago. Got lucky on by predicting a few political bets then moved to horse racing betting. Now realise that in the beginning got lucky on a few £2 trades which resulted in some big profits (well big for me ~ £100). Since then got over confident and lost most of the profit a week later by trying to lay inplay without a stop loss (cardinal sin I know). Eventually got disillusioned when I realised that O could not predict any type of swing or way to make a consistent profit. Decided to give up once most of my initial capital that put in eventually bled dry and felt that bots were making all the real money.
I have always enjoyed trading and I am constantly trying to find an opportunity that has not been botted. I still feel there is way to make money out of BF, I now think that I think I was trying to be too greedy. I understand that I should bet what I can't afford, not be emotionally attached, that I will lose as well win yadayada......
I am interested in trying to find the best way to make low risk, low return trades (in whatever markets). For example I have noticed that a lot of money goes into markets when it nearing closing in play, e.g. near the finish line of a horse race say at 1.04 there is a sudden surge of money.
Is this a viable option to make 1% per race? If so how do I automate this. Or does anyone have opinions of other well known ways to make a meager 1% per market?
I always thought that the main thing that has held me back was not having access to past data (have not go no where enough BF point to be able to access BF history data). Suppose my final question/plea is, is there way of getting a hold of past BF data without having 100 BF points? I don't know if this would help me or not...