Why do you trade what you trade?

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brimson25
Posts: 504
Joined: Sat Apr 08, 2017 11:42 am

Inspired by Peter saying he didn't have the capacity for cricket, I wondered again how people had come up with the trading schedules they have. I've dithered around this question for ages and hope to be inspired by someone who has "solved it"!

I'm always concerned that I should be doing something else, particularly on weekends. Bad, and counterproductive FOMO! I wish I could just settle and say I am an x trader, who sometimes does a bit of y.

Take yesterday - if you tried to do tennis, cricket, football, darts, politics you'd have been busy for about 20 hours and trying to do three things at once at some points!

I suppose the right things to think about are:

1. Is this profitable? How profitable?
2. Do I enjoy the sport?
3. Do I enjoy the experience of trading it?
4. Have I seen my family today? :shock:

Any views very welcome.
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MemphisFlash
Posts: 2152
Joined: Fri May 16, 2014 10:12 pm
Location: Leicester

personally if two flies are crawling up a wall and i can trade it i will,
I pretty much trade all sports from footy to darts with tennis , american footy, badmington, table tennis, snooker, golf, F1, along with the greyhounds and horses.
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Derek27
Posts: 23620
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I trade horse racing because I've been interested in racing since the age of eight. I took up tennis over a year ago but I don't really have the energy to get involved in anything else when there's so much racing and tennis on.
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brimson25
Posts: 504
Joined: Sat Apr 08, 2017 11:42 am

MemphisFlash wrote: ↑
Wed Jan 16, 2019 9:58 am
 personally if two flies are crawling up a wall and i can trade it i will,
I pretty much trade all sports from footy to darts with tennis , american footy, badmington, table tennis, snooker, golf, F1, along with the greyhounds and horses.
Don't you feel conflicted all the time? eg. I'm doing footy and I can't do horses?
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brimson25
Posts: 504
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Derek27 wrote: ↑
Wed Jan 16, 2019 10:52 am
 I trade horse racing because I've been interested in racing since the age of eight. I took up tennis over a year ago but I don't really have the energy to get involved in anything else when there's so much racing and tennis on.
Interest in the sport drives you then. That's probably the best reason.
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Derek27
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Joined: Wed Aug 30, 2017 11:44 am
Location: UK

brimson25 wrote: ↑
Wed Jan 16, 2019 11:12 am
Derek27 wrote: ↑
Wed Jan 16, 2019 10:52 am
 I trade horse racing because I've been interested in racing since the age of eight. I took up tennis over a year ago but I don't really have the energy to get involved in anything else when there's so much racing and tennis on.
Interest in the sport drives you then. That's probably the best reason.
It's probably more a case of knowledge of the sport than interest, as these days I don't really watch the racing or take much interest in it because I'm too busy trading.
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stueytrader
Posts: 863
Joined: Tue Dec 15, 2015 6:47 pm

Similar to me in knowledge/interest and experience main reasons I mostly trade horse racing.

Enough wasted time in my past, which has finally become useful in my trading now....

I'd agree with your earlier point that I would find quite large conflicts in time/energy in trading too many sports or events. I can just about cope with 1 horse race at a time personally!
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napshnap
Posts: 1191
Joined: Thu Jan 12, 2017 6:21 am

brimson25 wrote: ↑
Wed Jan 16, 2019 9:17 am
 ...
I suppose the right things to think about are:

1. Is this profitable? How profitable?
2. Do I enjoy the sport?
3. Do I enjoy the experience of trading it?
4. Have I seen my family today? :shock:

Any views very welcome.
I'll add another point:

5. Can it be automated in the future?

And I highly recommend newbies to take this into account, cause trading can quickly become routine and betfair provides you with all necessary infrastructure to automate it.
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MemphisFlash
Posts: 2152
Joined: Fri May 16, 2014 10:12 pm
Location: Leicester

Don't you feel conflicted all the time? eg. I'm doing footy and I can't do horses?
19.01.19 2.PNG

does that look conflicting to you
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Emmson
Posts: 3375
Joined: Mon Feb 29, 2016 6:47 pm

There is a subtle difference in the way Memphis Flash's p&l is layed out when I compare it to mine. Look at the triangle after just for today, mine is filled in and his is not.
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brimson25
Posts: 504
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MemphisFlash wrote: ↑
Wed Jan 16, 2019 9:35 pm
 Don't you feel conflicted all the time? eg. I'm doing footy and I can't do horses?

19.01.19 2.PNG


does that look conflicting to you
No!

Do you do lots of automation?
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MemphisFlash
Posts: 2152
Joined: Fri May 16, 2014 10:12 pm
Location: Leicester

yes i automate the dogs and horses but maually trade tennis.
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northbound
Posts: 737
Joined: Mon Mar 20, 2017 11:22 pm

I trade what I trade because it's profitable, although am clearly a small time player.
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Derek27
Posts: 23620
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

northbound wrote: ↑
Thu Jan 17, 2019 10:27 am
 I trade what I trade because it's profitable, although am clearly a small time player.
:lol:
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weemac
Posts: 1238
Joined: Mon Sep 16, 2013 8:16 pm

Switch from raindrops to flies, imo.
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