Hi All,
Been using the software about 6 weeks and had my first £100 day today. Just did it scalping.
https://www.screencast.com/t/HWjzw1u7
First £100 day :)
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ruthlessimon
- Posts: 2153
- Joined: Wed Mar 23, 2016 3:54 pm
Blimey only 6 weeks, in 6 months you'll be competing with Mr. Webbster himself. Keep it up 
Well done freepunt and you couldn't ask for it to be on a better day of the year - you certainly wont forget it 
http://www.betangel.com/forum/viewtopic.php?f=5&t=14268
http://www.betangel.com/forum/viewtopic.php?f=5&t=14268
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ShaunWhite
- Posts: 10529
- Joined: Sat Sep 03, 2016 3:42 am
A lot of people here saying that after 6 weeks you've cracked it. Maybe you are a indeed a prodigy, but just a word of caution in case you're not.
This knowledge is fresh in your mind and not yet clouded by the other things you'll no doubt want to learn, your discipline hasn't been fully challenged, the markets this month might be different to next month and certainly different next season or next winter. Success with your current method, which is becoming habitual, might not necessarily be as sucessful in the future and you could find it difficult to change habits. Overconfidence might lead to mistakes.
I'm NOT trying to discourage you and your results ARE genuinly excellent and remarkably consistant, huge well done for that. But personally, not being a prodigy, I'm finding my development has gone in phases of progress and stagnation, occasionally going backwards. My second full-time month was great too, job done I thought, the one which followed put my feet firmly back on the ground.
My advice for what little it's worth, is steady as she goes, rather than having you believe you're the finished article or the new messiah. Congratuations and encouragement are lovely, and the list of names above this posting are all great guys who aren't bullsh!tters.... but if you get too high on your own success too early, the inevitable potholes that lie ahead will hit your confidence harder than they should.
Sorry if that sounds like I'm a 'kin great big black rain cloud on your sunny day, because I'm not trying to be, I'm actually trying to be pragmatic and constructive so that hopefully everyday can be sunny.
WELL DONE
This knowledge is fresh in your mind and not yet clouded by the other things you'll no doubt want to learn, your discipline hasn't been fully challenged, the markets this month might be different to next month and certainly different next season or next winter. Success with your current method, which is becoming habitual, might not necessarily be as sucessful in the future and you could find it difficult to change habits. Overconfidence might lead to mistakes.
I'm NOT trying to discourage you and your results ARE genuinly excellent and remarkably consistant, huge well done for that. But personally, not being a prodigy, I'm finding my development has gone in phases of progress and stagnation, occasionally going backwards. My second full-time month was great too, job done I thought, the one which followed put my feet firmly back on the ground.
My advice for what little it's worth, is steady as she goes, rather than having you believe you're the finished article or the new messiah. Congratuations and encouragement are lovely, and the list of names above this posting are all great guys who aren't bullsh!tters.... but if you get too high on your own success too early, the inevitable potholes that lie ahead will hit your confidence harder than they should.
Sorry if that sounds like I'm a 'kin great big black rain cloud on your sunny day, because I'm not trying to be, I'm actually trying to be pragmatic and constructive so that hopefully everyday can be sunny.
WELL DONE
Thanks for the advice.ShaunWhite wrote: ↑Sat Jun 03, 2017 5:08 amA lot of people here saying that after 6 weeks you've cracked it. Maybe you are a indeed a prodigy, but just a word of caution in case you're not.
This knowledge is fresh in your mind and not yet clouded by the other things you'll no doubt want to learn, your discipline hasn't been fully challenged, the markets this month might be different to next month and certainly different next season or next winter. Success with your current method, which is becoming habitual, might not necessarily be as sucessful in the future and you could find it difficult to change habits. Overconfidence might lead to mistakes.
I'm NOT trying to discourage you and your results ARE genuinly excellent and remarkably consistant, huge well done for that. But personally, not being a prodigy, I'm finding my development has gone in phases of progress and stagnation, occasionally going backwards. My second full-time month was great too, job done I thought, the one which followed put my feet firmly back on the ground.
My advice for what little it's worth, is steady as she goes, rather than having you believe you're the finished article or the new messiah. Congratuations and encouragement are lovely, and the list of names above this posting are all great guys who aren't bullsh!tters.... but if you get too high on your own success too early, the inevitable potholes that lie ahead will hit your confidence harder than they should.
Sorry if that sounds like I'm a 'kin great big black rain cloud on your sunny day, because I'm not trying to be, I'm actually trying to be pragmatic and constructive so that hopefully everyday can be sunny.
WELL DONE
I know I still have lots to learn and I know yesterday was a very steady day for the markets because it was Oaks' day. It made them a bit easier to predict what was going to happen.
Yup - congratulations on a great day
Trading on just 5 events and doing well is good, but you've been consistently in the green across half the races that day, so you're definitely doing things right. If it were me, the biggest thing I'd take from that is that you've seen what is possible and you can then keep as a positive reminder for when you have bad days. Lots of people struggle for months without having a good day - and that's very demoralising!
Shaun's comments are spot on. Don't get carried away and quadruple your stakes - keep going steady for a while. For most, it's a marathon not a sprint.
Ian
Trading on just 5 events and doing well is good, but you've been consistently in the green across half the races that day, so you're definitely doing things right. If it were me, the biggest thing I'd take from that is that you've seen what is possible and you can then keep as a positive reminder for when you have bad days. Lots of people struggle for months without having a good day - and that's very demoralising!
Shaun's comments are spot on. Don't get carried away and quadruple your stakes - keep going steady for a while. For most, it's a marathon not a sprint.
Ian
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SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm
Shaun. Well done for saying it. After trading for two weeks I was hitting a 75/80% strike rate. Come six month later I was pulling my hair out with sleepless nights.ShaunWhite wrote: ↑Sat Jun 03, 2017 5:08 amA lot of people here saying that after 6 weeks you've cracked it. Maybe you are a indeed a prodigy, but just a word of caution in case you're not.
This knowledge is fresh in your mind and not yet clouded by the other things you'll no doubt want to learn, your discipline hasn't been fully challenged, the markets this month might be different to next month and certainly different next season or next winter. Success with your current method, which is becoming habitual, might not necessarily be as sucessful in the future and you could find it difficult to change habits. Overconfidence might lead to mistakes.
I'm NOT trying to discourage you and your results ARE genuinly excellent and remarkably consistant, huge well done for that. But personally, not being a prodigy, I'm finding my development has gone in phases of progress and stagnation, occasionally going backwards. My second full-time month was great too, job done I thought, the one which followed put my feet firmly back on the ground.
My advice for what little it's worth, is steady as she goes, rather than having you believe you're the finished article or the new messiah. Congratuations and encouragement are lovely, and the list of names above this posting are all great guys who aren't bullsh!tters.... but if you get too high on your own success too early, the inevitable potholes that lie ahead will hit your confidence harder than they should.
Sorry if that sounds like I'm a 'kin great big black rain cloud on your sunny day, because I'm not trying to be, I'm actually trying to be pragmatic and constructive so that hopefully everyday can be sunny.
WELL DONE
We should definitely congratulate you for a great day but it will be silly to suggest you have cracked it.
One of the toughest elements any trader will go through is a very long stage of contradictory and self awareness. Eventually you will understand the skills you need to become consistent but on they way you will go through a stage I see and myself have been through.
If I read a message like this so early in my trading I wouldn't like it but it's genuine advice. Rather then just tell you well done amazing results...
The truth is it is very very likely that come 6 months time you won't be showing a profit of £100 everyday.
Good effort but is this sustainable and what is your total profit for the 6 weeks? I'm really trying not to be negative but the impression I am getting with this trading whatever the sport is that you have to use quite large stakes for very small profits particularly with scalping and when the inevitable happens and a trade goes wrong, the loss will wipe out any profits made. So really the key to long terms profits is developing the right mind set/skill to exit a trade for minimal losses. I made about £50 yesterday trading on the tennis but then lost £100 on the real Madrid match. I decided to trade under 2.5 goals as Peter has a video on this and it seems like a good trade. I backed under 2.5 goals at 1.75 with the intention of cashing out after 10 mins. However after 10 mins the cash out figure was only £2 which I wasn't happy with so I let it run for longer and then Real Madrid scored. I then decided to let it run until at least half time so I didn't make a loss but then another goal went in which really killed the trade. Ended up just letting it run as the cash out was a big loss. Further goals in the second half then cost me my £100 stake. The whole thing just seems like gambling to me and I'm not sure how people can make long term consistent profits.
not if done correctly
https://www.betangel.com/blog_wp/2016/1 ... caling-up/
What you done in that match was pure gambling, this is the mind set you need to get out of if your to make a success from trading - trading is all about little and often profits and protecting your bank as much as possible therefore have a plan and stick to it. The odds clearly did not move as far as you thought in 10 mins you should then of exited (if this was your initial plan) and either found another trade or left the match along once you deviated from your initial plan it clearly unravelled for you - had you won on this occasion it would of been luck not judgementdeggsy10 wrote: ↑Sun Jun 04, 2017 10:17 amI backed under 2.5 goals at 1.75 with the intention of cashing out after 10 mins. However after 10 mins the cash out figure was only £2 which I wasn't happy with so I let it run for longer and then Real Madrid scored. I then decided to let it run until at least half time so I didn't make a loss but then another goal went in which really killed the trade. Ended up just letting it run as the cash out was a big loss. Further goals in the second half then cost me my £100 stake. The whole thing just seems like gambling to me and I'm not sure how people can make long term consistent profits.