My Daily Trading Results - Scientific Trading

Football, Soccer - whatever you call it. It is the beautiful game.
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lmf21734
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Dear Community

Last year I started a thread called "My Daily Trading Results - Football Trading" and was posting my daily results for a temporary period of time. I realized there were some risk management changes I needed to make to the process especially considering I was seeking to increase my position sizing quite aggressively.

Anyway I restarted the journey in February 2018 and the results have been pretty consistent in terms of keeping losing days low whilst maximizing the strength of winning days.

I have attached my results since Easter and will now update on a daily basis. The objective is to show how with a decent strategy that employs specific principles from financial trading, one can make a full time living from trading. For instance on Saturday I traded the morning session and then the evening session and made just under £1000. Also made a couple of £400+ days.

However as a day trader it was important for me to find a strategy that provides a consistent level of trading opportunities every day rather than just weekends so after a tortorous process that has taken alot of years I think I have reached a level where all the stars align as far as what I believe is important for a strategy to be profitable on a weekly basis and sustainable.

Enjoy the ride.

Mel
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stu410
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there is no soft abdomen, be careful
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lmf21734
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Thanks Stu410

Keeping losing days small and running winnings days as much as possible is the key.

Cheers

Mel (The Scientia Trader)
spreadbetting
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Good luck with it, not sure I'd be playing some of the leagues and games like u23's if you want liquidity and consistency.
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LeTiss
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You are obviously punting fairly large sums, with a view to greening up 'IP' - those results on those particular markets wouldn't be possible pre-match.

Good luck, but you need to make sure that you don't let the red mist descend after a couple of large losses
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lmf21734
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10th April 2018
Net P/L = £459.70

£459.70 profit for today. To top it off I missed the Hearts Youth vs St Johnstone Youth which was on my scanner. The match was originally timed as being a 19:45 kick off but it started at 18:00 so didn't realize until late and just as I was about to trade it a goal scored on 83mins. So missed out on an additional £150 or so.
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spreadbetting
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MIght help if you showed the actual trades rather than the profit. I can't see a youth match having any real liquidity to trade so more than likely you're just placing speculative bet.
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lmf21734
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11th April 2018
Net P/L = £168.30

£168.30 profit for today but I am going to retire even though I have a possible trade later because mentally not in a good place. The REAL vs Juventus game I closed the trade at price of 1.06 for a £70 loss believing it would go to ET and then Madrid scored in the 97th.
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lmf21734
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12th April 2018
Net P/L = £233.04

£233 profit for yesterday. I was fast approaching my daily maximum loss and so took a 5:1 risk to reward ratio on my final trade of the day and it saved the day.
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spreadbetting
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Well done, who says chasing doesn't pay.
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LeTiss
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spreadbetting wrote:
Fri Apr 13, 2018 1:36 pm
Well done, who says chasing doesn't pay.
Be kind to him mate, he won't be here for long :lol:
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ShaunWhite
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lmf21734 wrote:
Fri Apr 13, 2018 1:31 pm
I was fast approaching my daily maximum loss and so took a 5:1 risk to reward ratio on my final trade of the day
These 'risk:reward' ratios are meaningless without knowing the chance of pulling it off. You can't escape value.

If a player/team will go +10 or -2 ticks if X or Y happens, you still need to know how likely X & Y are. A big gain vs a small loss is still a losing setup if the gain scenario is as rare as hens' teeth. Volatility is the mechanism that determines the r:r ratio, but you still need to outperform it, and know when it's likely to occur.
Halliday
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LeTiss wrote:
Fri Apr 13, 2018 1:55 pm
spreadbetting wrote:
Fri Apr 13, 2018 1:36 pm
Well done, who says chasing doesn't pay.
Be kind to him mate, he won't be here for long :lol:
Starting with a bank of £5.000 according to his website , and "risk management and discipline are crucial".I'm going to take your advice and be kind,and make no comment about what his P/L is saying. Deep breath....

http://www.scientiatrading.com/intro.htm
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lmf21734
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Great question.

All this is explained for those with the willingness to search for me online or on twitter. Not going to disclose all fundamentals in a forum message.
By the way the win rate is 55% and average reward to risk is 1.8:1

Put that into a monte carlo simulation over 125 occurrences and see the equity curves.

Point of this is exercise on the forum is to simply provide daily results.

Thanks

Mel (The Scientia Trader)
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ruthlessimon
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lmf21734 wrote:
Fri Apr 13, 2018 1:31 pm
I was fast approaching my daily maximum loss and so took a 5:1 risk to reward ratio on my final trade of the day
I'd just like to add, Shaun's post is absolutely spot on.

& again, this is how "non-traders" get away with complete murder. Yes, money management is vital, if you have an edge/positive expectancy/"value".

Taking a 5:1 trade, with no edge - is just as bad as taking 1:5 trade, with no edge.

& here's where the false educators slip up - if you push them further ("do you even trade Mr/Miss. X") - then you realise just how shallow they are behind their "theories".

The hardest bit about trading, is getting the edge that fits your personality/goals. The 0 expectancy gap is small, but 95% can't break through it.
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