blackmoor83 wrote: ↑
Sat Mar 10, 2018 9:05 am
max_usted wrote: ↑
Sat Mar 10, 2018 2:14 am
weemac wrote: ↑
Sat Mar 10, 2018 1:02 am
we're getting to the nitty gritty.
Anyway, I'm gonna chuck it all in on Monday morning to pick up my £60k p.a. tax free for spending 90 seconds a day picking football matches, and then siting on my fat ass watching them on TV while clicking a mouse just once a week if I feel I have to.
What's not to like about that?
Sorry my original point I meant to make clear (but didn't) in my reply to you above was that obviously (as you know) it is theoretically possible to use this one (very particular) strategy and make money if you consistently make good match selections, and show self-discipline in taking losses according to set criteria - i.e. these are the factors/differentials which could allow you to sit on your fat ass and collect £60k per year (while other people are not able to do so).
And he did say he was watching all games via live feed (technique for match selection) and was taking losses according to set criteria. So I guess he kind of did outline what, in his view, are the factors are that have meant he has become profitable.
I'd worry about the capacity for two bank-breaking trades in a row still - and I really think that an approach involving just one (very particular) strategy is seriously restrictive to taking advantage of all the opportunities that present themselves while trading football. Each to their own though.
Hi max, I hear what you are saying about 2 high scoring matches on the spin could be disastrous i completely agree with that if I was letting every match run no matter what to the end of 90 mins.
I’m a huge fan of cashing out for either profit or losses. Gets the money out for another trade and also protects against crazy last 10 minutes at times.
I don’t believe I’m anything special at all I do have a good knowledge on football though 30 years and failed many times in the past.
I hear what you say about many other markets I have dabbled in trading matches pre kick off with a bit of success but find I would need a much bigger bank to make this more worth while. What’s your strategy are you on mainly footy?
Yes I only do football. I do it in-play and have been at it for about 1.4 years. I'm trying to look for patterns wherever I can find them - but most particularly in the way matches play out (i.e. I watch matches live), and then take positions based on that.
I work on training my mind to become tolerant of new strategies/positions, as I have a tendency to favour a particular strategy-or-two that I feel most comfortable with, and then start over-deploying them/using them when it isn't appropriate.
So the only thing that strikes me about your approach is that, I think that if I used just one strategy, I would become blind to circumstances in which other strategies could be very successfully used. As above, I also think that I'd start over-using that single strategy, But then perhaps it's better to have a laser focus on a particular set of circumstances.
Also very impressed you managed to lay at odds like 100 - I can tolerate laying at about 5, and in special circumstances - otherwise the fear kicks in!