Hi,
Want to work out net profit/Return on investment, If I place10 back trades @ £2 per trade and then I place 10 lay trades @ £2 per trade do I work it out that I have invested £20 or £40? This sounds a stupid question I know but if its the £40 option then i'm making approximatley 1%. Any thoughts or help?
Working out profit
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spreadbetting
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- Joined: Sun Jan 31, 2010 8:06 pm
I'd say you invested £20 as you haven't added to your liabilities by closing those bets, assuming you're trading out the back bets.
Also, your ROI doesnt matter too much. You need to focus on absolute $ wins. As long you measure it the same way going forward as a benchmark, it doesn't matter. One of my most profitable $ bots earns <1% and I'm very happy with it.spreadbetting wrote: ↑Thu Jan 07, 2021 2:03 pmI'd say you invested £20 as you haven't added to your liabilities by closing those bets, assuming you're trading out the back bets.