Bet Angel for newbies / Getting started : Staking

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brimson25
Posts: 159
Joined: Sat Apr 08, 2017 11:42 am

Tue May 01, 2018 9:39 am

I'm still mildly confused by this. For pre-horse trading is it always better to trade a certain value per tick (£! or £2) or is it better to think in terms of your total liability? Or doesn't it matter (as long as you're abiding by sound bank roll management rules?

I'm sorry if the answer to this is elsewhere.

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northbound
Posts: 381
Joined: Mon Mar 20, 2017 11:22 pm

Tue May 01, 2018 9:52 am

Personally I swing trade and prefer to enter trades knowing exactly how much I'm prepared to lose if it goes against me.

For example, I could enter a trade with £32, putting a stop loss x ticks away to limit the loss to £5 should it go against me.

This gives me peace of mind because:

- If the trade goes against me, there's a plan in place to prevent me from blowing my bank.

- I know exactly how much I stand to lose on the current trade, so it's a "calculated risk".

- I have a few ticks of tolerance so, if the market moves slightly against me, I don't freeze or panic. Market noise won't make me kill prematurely a potentially good trade.

brimson25
Posts: 159
Joined: Sat Apr 08, 2017 11:42 am

Tue May 01, 2018 10:50 am

Cheers. Thanks for that. I think I feel happier with that too.

I think Peter has recommended the stake per tick size approach because of the different number of rungs at different places on the ladder.

I sort of get approach but I feel nervous playing at small prices because the total liability is so big, and it cramps me up.

brimson25
Posts: 159
Joined: Sat Apr 08, 2017 11:42 am

Tue May 01, 2018 10:51 am

May I ask - why £32? Cheers.

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northbound
Posts: 381
Joined: Mon Mar 20, 2017 11:22 pm

Tue May 01, 2018 12:05 pm

brimson25 wrote:
Tue May 01, 2018 10:51 am
May I ask - why £32? Cheers.
I started with £2/4 stakes, practiced for months, tried loads of different approaches without lasting success.

Ultimately, I designed an approach that suits my style. It broke even or better for a number of weeks.

So I decided to scale it up to £16/32 stakes.

Derek27
Posts: 1959
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Tue May 01, 2018 7:24 pm

I use resulting exponents of 2 - it's far easier than £1/2/5/10.

I base my stakes on price against volatility rather than tick size. Sometimes trading 2.2 to 2.6 can be similar to trading 8.2 to 8.6. Using 10 times the stake because of tick size can distort stakes.

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