Hi,
On average how many profitable races can you trade per day, and genuinely turn a profit document it explain it and have legit proof of how you do it? ( I don't expect strategies or answers on how just an honest answer from winning traders how often they can do it)
I can fine 3 or 4 races per day which I can do day in day out know how and why.
I'm not looking for peoples strategies just how many races you can legitimately trade profitably. I cant see anything outside the 3 or 4 I trade, there are around 30 per day on average so what's the rate winning traders are actually trading?
I think I can grind out a few more types or races but only looking at 3 -4 ticks per race is that realistic or too low? A big leak I had to overcome was cutting profits to quickly and letting loses run I don't want to slip back into that.
Cheers
Craig
Profitable races to trade
I'm struggling to understand your post and I'm only half-cut.Diginet wrote: ↑Sun Nov 07, 2021 10:03 pmHi,
On average how many profitable races can you trade per day, and genuinely turn a profit document it explain it and have legit proof of how you do it? ( I don't expect strategies or answers on how just an honest answer from winning traders how often they can do it)
I can fine 3 or 4 races per day which I can do day in day out know how and why.
I'm not looking for peoples strategies just how many races you can legitimately trade profitably. I cant see anything outside the 3 or 4 I trade, there are around 30 per day on average so what's the rate winning traders are actually trading?
I think I can grind out a few more types or races but only looking at 3 -4 ticks per race is that realistic or too low? A big leak I had to overcome was cutting profits to quickly and letting loses run I don't want to slip back into that.
Cheers
Craig
What do you mean by "genuinely turn a profit document it explain it", "legit proof" and "legitimately trade profitably"?
Every bet I place on Betfair is 100% legitimate.
Fully-automated on average 11 races per day traded, average of 0.93 points made per day over the last 30 days
Purely swing trades. Only look at handicaps or listed.
Maximum liability at an absolute push is about 30% of bankroll with lays as I don't want to go any further if betfair have one of their brain-farts
Mix of backs and lays
Stop loss set at maximum of 1 point on a race, no profit lock set I just let it run to my exit point
Win/Lose/Scratch rate out of 325 markets entered in last 30 days 189 had winning trades, 119 had losing ones, 17 were scratch
Purely swing trades. Only look at handicaps or listed.
Maximum liability at an absolute push is about 30% of bankroll with lays as I don't want to go any further if betfair have one of their brain-farts
Mix of backs and lays
Stop loss set at maximum of 1 point on a race, no profit lock set I just let it run to my exit point
Win/Lose/Scratch rate out of 325 markets entered in last 30 days 189 had winning trades, 119 had losing ones, 17 were scratch
I think some traders have a happy go lucky approach where they will open a position in 80%+ of markets and if it doesn't work out then move on whereas others stick to strict criteria to look for a spefic setup which may only arise a few times per day
This is a good start as Peter's advice is usually to begin by mastering one type of trade before you start to branch out
[/quote]
I'm struggling to understand your post and I'm only half-cut.
What do you mean by "genuinely turn a profit document it explain it", "legit proof" and "legitimately trade profitably"?
Every bet I place on Betfair is 100% legitimate.
[/quote]
I mean I can trade 2 to 4 races per day and make money. I can explain my trades how they work and prove they do work. I'm just trying to gauge how many races can be realistically traded and people have an edge in.
I keep looking but I am struggling to find a strategy that can yield more than 2-3 ticks in most markets. Is that the reality of trading most of the time or should I be expecting a bigger return.
I'm struggling to understand your post and I'm only half-cut.
What do you mean by "genuinely turn a profit document it explain it", "legit proof" and "legitimately trade profitably"?
Every bet I place on Betfair is 100% legitimate.
[/quote]
I mean I can trade 2 to 4 races per day and make money. I can explain my trades how they work and prove they do work. I'm just trying to gauge how many races can be realistically traded and people have an edge in.
I keep looking but I am struggling to find a strategy that can yield more than 2-3 ticks in most markets. Is that the reality of trading most of the time or should I be expecting a bigger return.
Hi
Thanks for the reply. I did have this approach and most trading strategies were losing. I was just lucky in that a few were decent wins which made up for lots of small losers. Hence I can only trade a few races per day which are genuine winning trades and now my winning returns are much bigger.
I'm just trying to gauge what my expectations should be. If I could average 3 -4 ticks per race is that a good return.