your productivity compared to others
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Point2Point
- Posts: 81
- Joined: Fri Apr 24, 2009 6:59 am
Ok, Are we assuming say I have a bank of £1000 and I make £100 that's 10%? Is that what is being asked?
Hi
you may have 10k in your bank. but you're acctually using for trading only let's say 2k. Therefore 10% would be 200. If you look at Peter Webb blog. In 2006 he used 1500 to make about 500 on average per day on Ascot week. That comes to about 33%. Pretty high percentage, ist't it?
Also I guess the smaller your bank is the higher your percentage goes. Anyway it would be interesting to see how effectively you put your bank into use whatever the size.
you may have 10k in your bank. but you're acctually using for trading only let's say 2k. Therefore 10% would be 200. If you look at Peter Webb blog. In 2006 he used 1500 to make about 500 on average per day on Ascot week. That comes to about 33%. Pretty high percentage, ist't it?
Also I guess the smaller your bank is the higher your percentage goes. Anyway it would be interesting to see how effectively you put your bank into use whatever the size.
It's been said by lots of "experts" that 90% of traders lose in the long run, so many have tried, failed and ended up quitting, many have lost fortunes. Definitely think there should have been a negative option.... just my opinion.gutuami wrote:As for negative option, there is imposible to be one. In the long run you anyway make any profit, otherwise you won't be here.
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darkpunter
- Posts: 33
- Joined: Wed Apr 15, 2009 8:04 pm
I'm here, and have not made any trading profit in the last 100 days?
SBW077 the 90% of traders experts are talking about are not bf traders. I always had the idea that on betfair markets it is impossible not to profit. That's why at first I did not include negative option. In the long run you would go negative only if you're gambling more than trading.
Trading at random today for £2 stakes, produced a return of £2.19. That excludes Ascot which would have boosted the total.
17-Jun-09 13:40 0.11
17-Jun-09 14:10 0.08
17-Jun-09 14:20 0.2
17-Jun-09 14:45 0.3
17-Jun-09 14:55 1.58
17-Jun-09 15:20 0.4
17-Jun-09 15:30 0.02
17-Jun-09 16:00 0.28
17-Jun-09 16:10 0.23
17-Jun-09 16:45 -0.11
17-Jun-09 16:55 -0.06
17-Jun-09 17:10 -0.74
17-Jun-09 17:20 0.16
17-Jun-09 17:50 -0.18
17-Jun-09 18:10 0.13
17-Jun-09 18:40 -0.19
17-Jun-09 18:50 -0.08
17-Jun-09 19:10 0.03
17-Jun-09 19:20 0.09
17-Jun-09 19:40 -0.31
17-Jun-09 19:50 -0.09
17-Jun-09 20:10 0.03
17-Jun-09 20:20 -0.04
17-Jun-09 20:40 0.19
17-Jun-09 20:50 -0.02
17-Jun-09 21:10 0.17
17-Jun-09 21:20 0.01
17-Jun-09 13:40 0.11
17-Jun-09 14:10 0.08
17-Jun-09 14:20 0.2
17-Jun-09 14:45 0.3
17-Jun-09 14:55 1.58
17-Jun-09 15:20 0.4
17-Jun-09 15:30 0.02
17-Jun-09 16:00 0.28
17-Jun-09 16:10 0.23
17-Jun-09 16:45 -0.11
17-Jun-09 16:55 -0.06
17-Jun-09 17:10 -0.74
17-Jun-09 17:20 0.16
17-Jun-09 17:50 -0.18
17-Jun-09 18:10 0.13
17-Jun-09 18:40 -0.19
17-Jun-09 18:50 -0.08
17-Jun-09 19:10 0.03
17-Jun-09 19:20 0.09
17-Jun-09 19:40 -0.31
17-Jun-09 19:50 -0.09
17-Jun-09 20:10 0.03
17-Jun-09 20:20 -0.04
17-Jun-09 20:40 0.19
17-Jun-09 20:50 -0.02
17-Jun-09 21:10 0.17
17-Jun-09 21:20 0.01
Impossible not to profit?! There are far, far more people out there trying to make money by trading than those that actually do. The fact is that the markets are so competitive and unforgiving that the vast majority of people out there simply do not have the skills or temperament to do it. I wish more people were aware of this when a lot of people spend a lot of time and money trying to learn without realising how high the bar is and just how much you have to put in to itgutuami wrote:SBW077 the 90% of traders experts are talking about are not bf traders. I always had the idea that on betfair markets it is impossible not to profit. That's why at first I did not include negative option. In the long run you would go negative only if you're gambling more than trading.
hgodden how do you know how many people are struggling out there? nobody knows that. And if you look at the poll we have
so far only 6 negatives out of 21 votes. And all the people I know and works on bf agree to my idea.
There will always be novices that are struggling as there are in any activity.
so far only 6 negatives out of 21 votes. And all the people I know and works on bf agree to my idea.
There will always be novices that are struggling as there are in any activity.
Hi Everyone,
This is my first post and unfortunately for me I fall into the negative side. I'm a novice and I don't participate often or with large amounts. So I don;t know much about sucessful trading but I do know that a distinction should be made between trading on Betfair which is obviously a negative sum game and other activities which are not.
The poll is interesting and I wish everyone who is on the positive side continued sucess. The forum is also highly informative and I have enjoyed reading all the recent contributions. I usually just view them as I have nothing of interest to add to the discussions.
This is my first post and unfortunately for me I fall into the negative side. I'm a novice and I don't participate often or with large amounts. So I don;t know much about sucessful trading but I do know that a distinction should be made between trading on Betfair which is obviously a negative sum game and other activities which are not.
The poll is interesting and I wish everyone who is on the positive side continued sucess. The forum is also highly informative and I have enjoyed reading all the recent contributions. I usually just view them as I have nothing of interest to add to the discussions.
To be fair though to all the forum readers, it is pretty clear that you weren't trading at random. Skills had to come into play at some point, or else the 1.58 result would never have happened, considering how out of line it is with the rest of the profit/loss statement.Bet Angel wrote:Trading at random today for £2 stakes, produced a return of £2.19. That excludes Ascot which would have boosted the total.
17-Jun-09 13:40 0.11
17-Jun-09 14:10 0.08
17-Jun-09 14:20 0.2
17-Jun-09 14:45 0.3
17-Jun-09 14:55 1.58
17-Jun-09 15:20 0.4
17-Jun-09 15:30 0.02
17-Jun-09 16:00 0.28
17-Jun-09 16:10 0.23
17-Jun-09 16:45 -0.11
17-Jun-09 16:55 -0.06
17-Jun-09 17:10 -0.74
17-Jun-09 17:20 0.16
17-Jun-09 17:50 -0.18
17-Jun-09 18:10 0.13
17-Jun-09 18:40 -0.19
17-Jun-09 18:50 -0.08
17-Jun-09 19:10 0.03
17-Jun-09 19:20 0.09
17-Jun-09 19:40 -0.31
17-Jun-09 19:50 -0.09
17-Jun-09 20:10 0.03
17-Jun-09 20:20 -0.04
17-Jun-09 20:40 0.19
17-Jun-09 20:50 -0.02
17-Jun-09 21:10 0.17
17-Jun-09 21:20 0.01
What were the parameters of this experiment? I am assuming the only random part was choosing the initial back/lay? Maybe a stop loss was implemented? Trailling stop loss?
We don't actively get involved in these trading experiments so the results are as random as you can get. We don't over look them or intervene whether it makes a mistake or not. We put a full explanation, results and the P&L in the 'does scalping still work' thread.
Where people tend to fall over is there aversion to risk and / or losses. The market tends to wobble a fair bit and people often panic and exit quickly or stop putting orders in. When you do that it starts to turn negative.
Trading at random in the long term isn't likely to make you money but it's far from being a one way road to losses. If you are struggling it's worth experimenting with it, as it should teach you a lot about the market.
Where people tend to fall over is there aversion to risk and / or losses. The market tends to wobble a fair bit and people often panic and exit quickly or stop putting orders in. When you do that it starts to turn negative.
Trading at random in the long term isn't likely to make you money but it's far from being a one way road to losses. If you are struggling it's worth experimenting with it, as it should teach you a lot about the market.