Football trading : My Daily Trading Results - Football Trading

Football, Soccer - whatever you call it. It is the beautiful game.
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MemphisFlash
Posts: 797
Joined: Fri May 16, 2014 10:12 pm
Location: Leicester

Sat Dec 16, 2017 10:25 pm

if you dont know the difference between a bet and a trade then you shouldn't be doing either.

Bluesky
Posts: 420
Joined: Mon Sep 19, 2016 9:26 pm

Sun Dec 17, 2017 9:18 am

theuktrader wrote:
Thu Dec 14, 2017 9:09 pm
I am starting with a bank of £1000. Using around 3-4% of my bank for each trade. I believe in the power of high reward to risk type strategies so I expected to make anything up to twice the size of my trading liability with a win rate in the region of 60%.
Not sure I understand what you are saying here compared to your results. Do you mean you are using 3-4% of your bank but risking more than 10%. Some of your losses on your trades have been over £100 therefore you are risking more than 10% of your starting bank.

If you look at one of the many longest losing run tables on line, you will see that with a 60% win rate, you are quite likely to have a losing run of 8 trades in a row over a 1000 run of trades. So if you are risking over 10% of your bank on each trade you are fairly likely sooner or later to blow up your bank.

If on the other hand you are just showing newbies how quickly you can grow a small bank, then I don't think its a good idea to encourage new people to be risking more than 10% of their bank on a bet, where you are letting that bet run to conclusion (ie. you are not trading out for a 3 to 4% loss).

Please don't take offence at my comments, I always like to see thoughts and ideas from new people on these boards. Message boards need new posters with new ideas to remain interesting otherwise they can become stagnant and everyone develops a form of group think.

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Kafkaesque
Posts: 448
Joined: Fri Oct 06, 2017 10:20 am

Sun Dec 17, 2017 10:13 am

Bluesky wrote:
Sun Dec 17, 2017 9:18 am
Please don't take offence at my comments, I always like to see thoughts and ideas from new people on these boards. Message boards need new posters with new ideas to remain interesting otherwise they can become stagnant and everyone develops a form of group think.
Agree, and said as much - or something similar - earlier. However:
Bluesky wrote:
Sun Dec 17, 2017 9:18 am
Not sure I understand what you are saying here compared to your results. Do you mean you are using 3-4% of your bank but risking more than 10%. Some of your losses on your trades have been over £100 therefore you are risking more than 10% of your starting bank.
The biggest red flag about this is that not only wasn't the net loss results from the 15th posted until the 16th had brought the "project" back into profit, but also the 15th did show losses about 3-4%. After that losing day, they jumped to over the 10%ish. I'll leave you to your own conclusion as to what happened there.

theuktrader
Posts: 19
Joined: Sat Dec 02, 2017 11:19 am

Mon Dec 18, 2017 9:27 pm

gentlemen

thank you for your comments. I was unable to do anything yesterday as family was around unexpectedly and you know what its like trying to do anything when you are hosting guests.

However I have had time to really look further into what you were making reference to regarding trading for price movements as opposed to trading for market outcomes. I believe I am now starting to see what your saying.

Can anyone point me to a thread which covers this extensively and in a manner which is concise. May I also ask the question when you are trading for price movements as you seem to make reference is there any rules you have regarding what your maximum loss is vs your potential reward.

Cheers

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Dallas
Posts: 9565
Joined: Sun Aug 09, 2015 10:57 pm
Contact:

Mon Dec 18, 2017 9:40 pm

theuktrader wrote:
Mon Dec 18, 2017 9:27 pm

However I have had time to really look further into what you were making reference to regarding trading for price movements as opposed to trading for market outcomes. I believe I am now starting to see what your saying.

Can anyone point me to a thread which covers this extensively and in a manner which is concise. May I also ask the question when you are trading for price movements as you seem to make reference is there any rules you have regarding what your maximum loss is vs your potential reward.

Cheers
This thread shows how to green up (close a trade) and has a few images which might help you
viewtopic.php?f=47&t=11572

Or there are tons of videos on trading in general on Bet Angel TV
https://www.betangel.tv/

You'll probably find more on actually 'trading the price moves' in the horse racing section but its the same principal in any market, back higher than you lay and green up to guarantee a profit

theuktrader
Posts: 19
Joined: Sat Dec 02, 2017 11:19 am

Mon Dec 18, 2017 10:52 pm

Thanks backing and laying and greening up I already know.

What I am asking about is generally the risk to reward relationship that most traders go for when looking to back and lay to create a profit regardless of the outcome. Is it 1R, 2R, 3R.

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Crazyskier
Posts: 448
Joined: Sat Feb 06, 2016 6:36 pm

Tue Dec 19, 2017 12:21 am

theuktrader wrote:
Thu Dec 14, 2017 9:09 pm
I am starting with a bank of £1000. Using around 3-4% of my bank for each trade. I believe in the power of high reward to risk type strategies so I expected to make anything up to twice the size of my trading liability with a win rate in the region of 60%.
Not sure I understand what you are saying here compared to your results. Do you mean you are using 3-4% of your bank but risking more than 10%. Some of your losses on your trades have been over £100 therefore you are risking more than 10% of your starting bank.
[/quote]

Uk Trader if you wish to be taken seriously, you need to address this point. Why state 3-4% then go more than double that liability PER MATCH - potentially this could / will lose HALF OF THE ENTIRE £1,000 STARTING BANK IN ONE DAY!

CS

Orixian
Posts: 74
Joined: Sun Sep 06, 2015 12:36 am

Sat Jan 20, 2018 10:45 am

So is this experiment still running ?

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