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What percentage of your used bank do you turn into profit on average per day?

Poll ended at Thu Jul 16, 2009 7:29 pm

up to 5%
7
17%
5 - 10%
6
15%
10 - 20%
9
22%
20 - 30%
4
10%
30 - 40%
1
2%
40% and up
1
2%
negative
13
32%
 
Total votes: 41
neeeel
Posts: 70
Joined: Mon Apr 20, 2009 2:13 pm

Bet Angel wrote:You should be managing your losses through new orders and keeping net stake in check. If you are confused. Let us know and we will explain.
Yup, Im confused :)

at the moment, if a trade goes against , excel leaves it till 30 seconds to off, and then closes it if it hasnt been taken. I thought this is what you were doing in your random test.
Brent
Posts: 58
Joined: Sun May 03, 2009 2:12 am

Bet Angel wrote:You should be managing your losses through new orders and keeping net stake in check. If you are confused. Let us know and we will explain.
I am confused. You said that there was no human input, so how can he be doing random trading without human involvement wrong, because he isn't managing his position right.?
If his next trade is purely dependant on his current position, then that is not random. If it is something that needs to be managed, then it is not random.
Random trading, as you described, is what he has done. It is what I did myself. And none of our results come close to anything you put out there. Apparantly because we weren't managing our losses.

Truth finally comes out.
neeeel
Posts: 70
Joined: Mon Apr 20, 2009 2:13 pm

Bet Angel wrote:You should be managing your losses through new orders and keeping net stake in check. If you are confused. Let us know and we will explain.
after thinking about it , I guess u mean keep putting more orders in, which should mostly get matched and reduce the loss on the one that went wrong?
Bet Angel
Bet Angel
Bet Angel
Posts: 4031
Joined: Tue Apr 14, 2009 3:47 pm

Put two orders in, if your net stake shows you need to lay put a lay or vice versa in on the other side of the book. Green / red up at the off. You will win some, lose some, scratch some but just get some orders through.
neeeel
Posts: 70
Joined: Mon Apr 20, 2009 2:13 pm

messed around with it again today, trying different things, including what u suggested.
today.JPG
2 things that have improved since I started this experiment
firstly, with excel putting in the bets for me, I have found it much easier to not be down or angry if the trade goes wrong, as I havent made the decision when and where to put the trade, so am not emotionally attached to it.
also, my throughput has gone from maybe doing getting 4 or 5 matched bets a race , to 20-30 a race
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danielefbrunelli
Posts: 5
Joined: Thu Jun 25, 2009 8:11 am

My P&L today with 5£ stake



Horse Racing: GBP5.06 Total P&L: GBP5.06
Horse Racing Showing 1 - 14 of 14 markets
Market Start time Settled date Profit/loss (£)
Horse Racing / Warw 25th Jun : 1m Hcap 25-Jun-09 16:56 2.00
Horse Racing / Kemp 25th Jun : 2m Hcap 25-Jun-09 16:47 0.01
Horse Racing / Newc 25th Jun : 1m2f Sell Stks 25-Jun-09 16:36 -0.49
Horse Racing / Kemp 25th Jun : 6f Hcap 25-Jun-09 16:17 4.70
Horse Racing / Newc 25th Jun : 2m Hcap 25-Jun-09 16:06 -4.30
Horse Racing / Warw 25th Jun : 7f Listed 25-Jun-09 15:55 -0.52
Horse Racing / Kemp 25th Jun : 1m Cond Stks 25-Jun-09 15:48 3.31
Horse Racing / Newc 25th Jun : 1m Hcap 25-Jun-09 15:36 0.40
Horse Racing / Warw 25th Jun : 7f Mdn Stks 25-Jun-09 15:29 0.12
Horse Racing / Kemp 25th Jun : 1m Mdn Stks 25-Jun-09 15:17 0.15
Horse Racing / Newc 25th Jun : 6f Nov Stks 25-Jun-09 15:07 0.50
Horse Racing / Warw 25th Jun : 6f Hcap 25-Jun-09 14:54 0.08
Horse Racing / Newc 25th Jun : 6f Mdn Stks 25-Jun-09 14:35 0.03
Horse Racing / Vaal (RSA) 25th Jun : R5 1800m Hcap 25-Jun-09 13:43 -0.93



And my Excel file is not worling like it should.

Guess I need to move to VBA :)
bobbafett
Posts: 4
Joined: Wed Apr 15, 2009 7:41 pm

Bet Angel wrote:Put two orders in, if your net stake shows you need to lay put a lay or vice versa in on the other side of the book. Green / red up at the off. You will win some, lose some, scratch some but just get some orders through.
BetAngel or anyone else who knows could you please post the excel command you used. I am not very good at excel, but would like to run this test.

I think for people struggling,like me, the thought of breaking even at random is an interesting starting point.
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