looking for a profitable staking plan using compounding

[nivi7]

He did read correctly nivi7, you said triple your bank, which means winning £2000.

i wanted it to tell it earlier to you and i see it was for me to postpone

go away foolish troll
stop spamming my thread

[Derek27]

this staking plan is the first one i ve heard,i got amazed,and felt the need to share it with everyone
but im sure there must be a few better that this
so please feel free to share thoughts and opinions

I'll give you a better plan. Increase your stake by whatever percentage your bank increases, and decrease likewise. You don't have to wait until it reaches 10%. You could even increase by 25% if you've made that much in a month.

An even better plan, increase your stakes as you feel appropriate, there is no need for hard and fast rules. One big win may substantially increase your bank without justifying increasing stakes.

It's pointless aiming to win 10%. You never did answer my question concerning what you meant by 'aim' to win 10%, so I'd presume you meant hope or dream of 10%. That will get you absolutely nowhere.

I've known a lot of shopkeepers who have been in the business all their lives. If they doubled the number of shops they have every 3 years in 3 decades they'd all have over 1000 shops. Have you ever wondered why that doesn't happen?

[Derek27]

so please feel free to share thoughts and opinions

He did read correctly nivi7, you said triple your bank, which means winning £2000.

i wanted it to tell it earlier to you and i see it was for me to postpone

go away foolish troll
stop spamming my thread

If you only want thoughts and opinions that agree with yours you should have made that clear in your OP. I'm not the only poster that disagrees with having a 10% aim and you didn't even answer Gazuty's question regarding whether you have an edge!

[deansaccount]

so please feel free to share thoughts and opinions

He did read correctly nivi7, you said triple your bank, which means winning £2000.

i wanted it to tell it earlier to you and i see it was for me to postpone

go away foolish troll
stop spamming my thread

If you only want thoughts and opinions that agree with yours you should have made that clear in your OP. I'm not the only poster that disagrees with having a 10% aim and you didn't even answer Gazuty's question regarding whether you have an edge!

He has no edge, he is looking for one and has mistaken his compounding plan as one.

[ShaunWhite]

This great new idea is just scaling up, but dressed up in a ridiculously restrictive regime.

Making 10% on your bank is a gamblers mentality. A trader can make 100% or more per month on a £1000 bank because trading is all about turnover. If you do have a target it needs to be on a % of turnover rather than % of bank. But either way targets are pointless as you'll find out when you start trading.

[Kai]

He has no edge, he is looking for one and has mistaken his compounding plan as one.

+1

Wasn't paying attention to the thread and my math is terrible but thought it was clear from the opening post that he wants the compounded staking to be the edge itself, so that it can ideally be used with any generic flat strategy. He needs a profit target because there is no edge. Not a big surprise judging by the common theme of his previous threads, but looks to me like OP is more looking for shortcuts than anything else. It's very common to look for edges in all the wrong places, can't blame anyone for not knowing any better. Everyone has to start somewhere and go through all the bad ideas in order to get to the good ones, it's an arduous process. But OP seems to be purely focused on making a profit instead of learning how to trade, big difference between the two approaches if you ask me.

[TipTopTrader]

STAKE IT TILL YOU MAKE IT, SPAMMING TROLLS!!!!

[wearthefoxhat]

FWIW, i thought I'd post this spready again.

This has the effect of compounding but has a built in stake saver calculation. (No chasing stakes, it compounds winnings and banks too)

Can be used for any event where the result is known before the next bet is calculated and placed. (so far 18 downloads -Free)

Compounder.xls

It's a diluted version of the marketed Compound Magic Pro. (Keep It Simple Stupid)

http://www.compound-magicpro.com/

All you need now is to find good selections in any sports event and the squillions will roll in.

[Kai]

Please don't report me again to e-police, memeing is not e-legal.

[Euler]

Most of the systems out there are exactly that!

[Derek27]

I always have a good New Year's Day with Randwick & Cheltenham and then I calculate my projected compound profit for the year - it used to run into the billions when I had a smaller bank.

[nivi7]

This great new idea is just scaling up, but dressed up in a ridiculously restrictive regime.

Making 10% on your bank is a gamblers mentality. A trader can make 100% or more per month on a £1000 bank because trading is all about turnover. If you do have a target it needs to be on a % of turnover rather than % of bank. But either way targets are pointless as you'll find out when you start trading.

ok cool
what plan do you recommend?

[eightbo]

I always have a good New Year's Day with Randwick & Cheltenham and then I calculate my projected compound profit for the year - it used to run into the billions when I had a smaller bank.

[ShaunWhite]

ok cool
what plan do you recommend?

It would be usual to only have 1 or 2% of your bank at risk if you're starting out. So if you had a bank of £1000 your worst exit would be approx -£20. If you're a straight bettor that would mean a bet of £20 but when you're trading that could be a bet of £500 because you'll always close your position to get the vast majority of your initial stake back. Depending on what sport you trade you might make 40 trades a day spread over 20 different events (2 each). If you make an average of £1 per trade x 25 days a month that's £1000.

If each of those trades opened with a £100 bet, that's a turnover of 100 x 40 trades x 25 days = £100,000 a month. A £1000 gain per month would be a return on investment of 1%. When you're trading you can turnover much larger amounts than when you're straight betting because you have a much larger initial stake than the amount you have at risk. So with a £1000 bank you have a max loss per trade of maybe £20 whether or not your opening stake was £100, £200 or £500. Obviously the more you stake the more you're winning or losing per tick as the price moves. But always, always protect your working capital by never ever leaving a trade open and risking your entire stake. As you win your bank can grow but sports markets are quite small so there is a natural limit to your stake.

As for targets :
1. Try not to lose too much.
2. Then try to break even.
3. Then try to make a profit.
4. By the time you're making a profit you'll realise a target doesn't have much to do with what you actually win or lose. That amount is always just whatever you managed to make. If the internet goes down on day 1 and you accidentally make or lose £200 because you didn't have a closing trade, are you going to stop? No, you just do your best the next day.

Btw that - £20 was an example, max losses should be quite rare and on that scale £5 might be more normal. Your upside of course doesn't have that self imposed limit and could be considerably more. But it varies, and other people will have different ideas that are probably no less valid. The name of the game though is Avg win > Avg Loss. That's pretty much the only 'secret' to success.

[nivi7]

thanks for the reply m8,much appreciated

thing is you cant find 40 trades a day
i cant at least,maybe on Saturday and Sunday,but still they re too many


on football at least which i trade,most people do 1 til 6-7 trades per day and aiming for 1 unit profit or more

how can you reach the numbers you said by trading on football with odds around 2.0 with betting 20 gbp?