Saturday £40 Bank Turn Into £400 Your Ideas Please?

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nick11
Posts: 67
Joined: Mon Oct 10, 2016 1:49 pm

Inplay horse racing on the flat won about 98% of these small £10ish stakes 10% of bank.

Over jumps my success rate has gone downhill about 65%.

Over 2.5 goals small stakes £10 have a success rate of about 80% and green up now at half time to take small loss if game 0-0 or not many shots and teams have parked the bus with 8 defenders etc.

Have looked at scalping on horse racing and would like to do this with small stakes Saturday, i understand to look for liquid markets with lots of money being traded and to look for pricing that is stable and not too volatile and that the price of one horse changing affects the price of the other horses to make 100%, so fav 1, fav 2, fav 3 i look at and look for opportunities to lay and then back.

Would like to get some advice on how i can try and turn £40 into £400 this saturday using;
a.goals 2.5
b.in play horse racing
c.horse racing scalping

Any tips or advice to trade and not gamble and lose money on these 3 markets appreciated

Hope i explained it correctly :roll:my experience of trading i have about 40 hours of 2.5 goals trading with 40 hours watching betangel videos,

in play horse trading 40 hours trading, 40 hours watching betangel videos.

horse racing scalping zero hours trading, 20 hours watching betangel videos.

i will donate 10% of my winnings to charity this saturday :D

thanks
Abraquay
Posts: 163
Joined: Thu Jan 28, 2016 9:46 am

Keep reading this forum. Use practice mode. Use small stakes.
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jimibt
Posts: 4197
Joined: Mon Nov 30, 2015 6:42 pm

Abraquay wrote:Keep reading this forum. Use practice mode. Use small stakes.
yup -100% agreed. i would also like the same assured advice to return 10 times my bank, but, even after a year or more, i struggle to hit 25%... in short, you won't manage this without really knowing what you are doing, how to stake it and how to exit. I do wish you luck tho if there is advice given and by following it you manage this - kudos (sorry if i sound downbeat, but your wish/expectation reeks of desperation. that's not a good springboard from which to accumulate either experience or long term profitability). Learn the ropes, study the markets and above all, learn what works for you because you FULLY understand it.

The old adage of teach a man to fish was never more true.. if it bites, it will
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SeaHorseRacing
Posts: 2896
Joined: Fri May 20, 2016 7:06 pm

Stick your £40 on a horse price 9/1 or above your have more chance.

Trading doesnt really work this way im afraid, if I could multiple my stake by 10 every saturday I would have retired by now.

It take time, hard work and dedication and even then, On a really good day trading a saturday I doubt your turn your £40 into £150.

Good luck
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jimibt
Posts: 4197
Joined: Mon Nov 30, 2015 6:42 pm

SeaHorseRacing wrote:Stick your £40 on a horse price 9/1 or above your have more chance.

Trading doesnt really work this way im afraid, if I could multiple my stake by 10 every saturday I would have retired by now.

It take time, hard work and dedication and even then, On a really good day trading a saturday I doubt your turn your £40 into £150.

Good luck
fwiw - i've NEVER turned my bank over more than 20%, at best i'd even say aim for 5% as the downsides of hitting hard can normally wipe you out. be ultra-conservative, rather than bombastic until you understand the spectrum
nick11
Posts: 67
Joined: Mon Oct 10, 2016 1:49 pm

Thanks all
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bennyboy351
Posts: 332
Joined: Sat Jun 07, 2014 6:01 pm

Hey Nick,
I've 'lost' more money during the past 18 months or so than many people spend on a new car!

I put the quotes around the word lost, because I know I WILL begin to claw back that loss eventually. But it is going to take a lot of time - and dedication! (If you know a sure-fire way to stop me going in play, please let me know! LOL) ;)

Trading sounds like a nice, easy, low risk option for making money. And it can be! BUT you have to be dedicated AND stick to your strategy. Personally, I'm still struggling to get away from the 'Punter' mentality, that keeps wiping out my profits and/or bank!

DON'T be greedy and DON'T try to 're-invent the wheel' and you will succeed.

Good luck. :D
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ShaunWhite
Posts: 10527
Joined: Sat Sep 03, 2016 3:42 am

It's good that you're enthusiastic nick11, and I don't want to burst your bubble, but those 40hrs practice here and there need to be more like one or two thousand.

40hrs is a barely week's work, and I think you at least a year before you nail this game.

But you're doing ok so far and there are lots of wizkids who'll say I'm wrong. Just make sure that when you do nail it, you'll tell us how it's done :)
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ShaunWhite
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You didn't say what returns you're making at the moment. I'd be interested to know especially as you already feel a weekly return of 1000% is doable. Week 1 £400, week 2 £4000, week 3 £40000 .... Really?

This isn't a get rich quick scheme, unless you're Adam Heathcote (You might want to read his blog and understand that his was truely exceptional progress, and it still took years). Even our beloved leader, the genius that is Guru Peter, got rich very very VERY slowly.
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SeaHorseRacing
Posts: 2896
Joined: Fri May 20, 2016 7:06 pm

bennyboy351 wrote:Hey Nick,
I've 'lost' more money during the past 18 months or so than many people spend on a new car!

I put the quotes around the word lost, because I know I WILL begin to claw back that loss eventually. But it is going to take a lot of time - and dedication! (If you know a sure-fire way to stop me going in play, please let me know! LOL) ;)

Trading sounds like a nice, easy, low risk option for making money. And it can be! BUT you have to be dedicated AND stick to your strategy. Personally, I'm still struggling to get away from the 'Punter' mentality, that keeps wiping out my profits and/or bank!

DON'T be greedy and DON'T try to 're-invent the wheel' and you will succeed.

Good luck. :D
A good start would be to always have a closing order in the market and click take sp. This will instantly take a away huge risk as your position will always close when in play and you only have to hedge which will protect you.

All though I do and have gone in play from what I have read I think it may be more complex as I have only gone in play from ignorance unawareness it appears some people go in play because they cannot accept a losing trade.
This is a emotional and physiological issue you need to work on.

Read trading in the zone by market Douglas. This could help you be less emotional in the market.

The best way to get rid of this punter mentality is simple but hard and takes practise.
Accept you will have losing the trades, you will have losing days in fact there will be times where you will lose a lot of money from no fault of your own. It is that simple. It will happen the quicker you realise the better chance you have.
Losses are part of the game. You need to think longer term, if we slept one night a week and we sat at work for 6 days straight people wouldn't really struggle with accepting losses because more people would make money each week.
You just need to accept it. Your aim is to make money long term not just today. When you really really think about it, it sounds easy.
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SeaHorseRacing
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Joined: Fri May 20, 2016 7:06 pm

ShaunWhite wrote:You didn't say what returns you're making at the moment. I'd be interested to know especially as you already feel a weekly return of 1000% is doable. Week 1 £400, week 2 £4000, week 3 £40000 .... Really?

This isn't a get rich quick scheme, unless you're Adam Heathcote (You might want to read his blog and understand that his was truely exceptional progress, and it still took years). Even our beloved leader, the genius that is Guru Peter, got rich very very VERY slowly.
I do not know Adam and all though it appears he got rich quick however if you read his blog it is prevelant that he learned the right way. Completely self aware, seriously motivated and dedicated. I strongly believe with the correct practice and action you can make it in this game far quicker. Additionally he was not a gambler originally. Most people here that have all failed and given up that have been doing it 6/12 months from a strategy perspective probably can trade really well. It's the mentality we all have that's different. I have been doing this only 13 months and my best advice I can give anyone is. If you have really worked hard at trading for 9 months or more and you believe you have been given all the right advice, if your unprofitable you need to work on yourself. If your from a gambling background rather then learning to trade put £100 in your trading account forget about making money. Spend 6 months a year managing your account. Trade at random and just learn to keep your balance. Yes you may lose it after 2 months but the point is that you lose it in a linear way and you practice accepting losses, practice not blowing your bank.
This is the skill for most in trading.
If your going in play or gambling on selections continuing to trade and trying to eliminate this will take you 10 times as long. Your focus for every single trade should be not what can I make but the to make sure I do not go in play or gamble.

Additionally it's a fault in your own life, I struggle with patience so every aspect of my life I am working on my patience in order it to soak through in my trading.

If your a gambler, taking control in your own life and stop gambling on the horses down the bookies or wherever.
If you want it that bad you will get it but for most it takes real change.

Whatever the reason for losing money, if you have a problem going in play and breaking banks then spending your time trading is not going to fix it. Spend your time being aware and not going in play. You won't fix it over night either.
Let trading take care of itself and fix and work on your major faults.
If you spend all your time in the markets making sure you don't go in play or making sure you do f your bank eventually it will become a habit.
Last edited by SeaHorseRacing on Fri Nov 11, 2016 9:03 am, edited 1 time in total.
shakespeare
Posts: 113
Joined: Sat May 21, 2016 1:43 pm

bennyboy351 wrote:(If you know a sure-fire way to stop me going in play, please let me know! LOL) ;)
I know you asked tongue in cheek but there is an easy way. Keep Guardian running at all times and put a bot on every market that comes into effect as soon as the market goes in play and immediately greens up all your bets. You can keep trading manually before the off but your bot will stop you going in play by forcibly cashing you out.
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jimibt
Posts: 4197
Joined: Mon Nov 30, 2015 6:42 pm

shakespeare wrote:
bennyboy351 wrote:(If you know a sure-fire way to stop me going in play, please let me know! LOL) ;)
I know you asked tongue in cheek but there is an easy way. Keep Guardian running at all times and put a bot on every market that comes into effect as soon as the market goes in play and immediately greens up all your bets. You can keep trading manually before the off but your bot will stop you going in play by forcibly cashing you out.
shaky, this is exactly what i and many others do too. not only does it protect you from yourself, it acts as a reminder that you need to better organise your exits, rather than being TOLD time-up by some bot :D
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SeaHorseRacing
Posts: 2896
Joined: Fri May 20, 2016 7:06 pm

shakespeare wrote:
bennyboy351 wrote:(If you know a sure-fire way to stop me going in play, please let me know! LOL) ;)
I know you asked tongue in cheek but there is an easy way. Keep Guardian running at all times and put a bot on every market that comes into effect as soon as the market goes in play and immediately greens up all your bets. You can keep trading manually before the off but your bot will stop you going in play by forcibly cashing you out.
I disagree if your problem is going in play setting a bot will not fix your problem.

It's like spraying your self with deodorant when your smelly. Although it can be effective at the end of the day your still dirty. If you your going in play you have an emotional disfunction within the markets and you need to face it and deal with it. What if you have 5 losing trades in a row, you might go oh f it I'm turning the bot off. Taking the loss is not the problem it's your brain. It's ok though because it's not uncommon.

Figure out your biggest problem within the market. Be truly honest. If more then one, start with your biggest problem and dedicate all your time practising each for a period of time. Be realistic too.
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Crazyskier
Posts: 1298
Joined: Sat Feb 06, 2016 6:36 pm

jimibt wrote:
shakespeare wrote:
bennyboy351 wrote:(If you know a sure-fire way to stop me going in play, please let me know! LOL) ;)
I know you asked tongue in cheek but there is an easy way. Keep Guardian running at all times and put a bot on every market that comes into effect as soon as the market goes in play and immediately greens up all your bets. You can keep trading manually before the off but your bot will stop you going in play by forcibly cashing you out.
shaky, this is exactly what i and many others do too. not only does it protect you from yourself, it acts as a reminder that you need to better organise your exits, rather than being TOLD time-up by some bot :D
I mostly use automation to trade as I work full time, though often from home. If I am doing some manual trading I still keep a strategy called 'green up all' at a set time before the off or if going in play (I generally avoid this now due to massive losses) then I set it to fire at a fixed £xx amount. It often saves me from disaster. Though as I say, I really try to accept pennies than go in play as it HURTS when it fails.
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