Psychoff Bank Management Example Discussion

[ShaunWhite]

I have got some useful information on how to view and manage a bank.

Why the running commentary on whatever you're thinking? You're like a living Jack Karouac novel with your stream of consciousness and free-form spontaneous prose. The forum is already packed with bank management advice from established traders and you should read it before proselytising to the community.

[ShaunWhite]

I think Luke hears us in the same way Charlie Brown hears his teacher. https://youtu.be/ss2hULhXf04

[JustLukeYou]

At the moment I am just taking baby steps. Scalping doesn't really appeal to me, just looks like staring at lots of flashing number of line graphs hoping that you back the correct momentum. I'd love to get into an area where I am using my ability to read live football matches or looking for solid trends.

Tonight I backed more than 1 goal in the first half of the Man City game and less than 3 goals in the Derry game. I won the Man City profit but traded out of the Derry game at 1-1 for 50% of the profit I would have taken but it is currently 3-1 to trading out was the right thing to do. As straight gambler I would lost my stake and made no profit. Now that I have traded out I have made a profit but less than if I was fully correct. So I these as positives.

[psychoff]

Hi there,

Sorry, I have just noticed this topic.

If you have any questions, I will be more than happy to answer here.

[Derek27]

Hi there,

Sorry, I have just noticed this topic.

If you have any questions, I will be more than happy to answer here.

Thanks Phychoff, we can all take a break now.

[rik]

At the moment I am just taking baby steps. Scalping doesn't really appeal to me, just looks like staring at lots of flashing number of line graphs hoping that you back the correct momentum. I'd love to get into an area where I am using my ability to read live football matches or looking for solid trends.

Tonight I backed more than 1 goal in the first half of the Man City game and less than 3 goals in the Derry game. I won the Man City profit but traded out of the Derry game at 1-1 for 50% of the profit I would have taken but it is currently 3-1 to trading out was the right thing to do. As straight gambler I would lost my stake and made no profit. Now that I have traded out I have made a profit but less than if I was fully correct. So I these as positives.

why did you trade out of the derry match then?
your initial thought must have been price for under 3,5 was too high.
after 2 goals you opposed your initial opinion by now thinking price for 2 more goals is too low.
did the odds change more than you anticipated, was the match more "open" than you thought?
if you simply wanted to avoid losing i wouldnt see that as a positive as your second bet wasnt placed for the right reason

[ShaunWhite]

If you have any questions, I will be more than happy to answer here.

You're a brave man.
When it comes to Luke many have tried and many have fallen. If casualties get much worse we'll be arranging a poppy day.

[JustLukeYou]

At the moment I am just taking baby steps. Scalping doesn't really appeal to me, just looks like staring at lots of flashing number of line graphs hoping that you back the correct momentum. I'd love to get into an area where I am using my ability to read live football matches or looking for solid trends.

Tonight I backed more than 1 goal in the first half of the Man City game and less than 3 goals in the Derry game. I won the Man City profit but traded out of the Derry game at 1-1 for 50% of the profit I would have taken but it is currently 3-1 to trading out was the right thing to do. As straight gambler I would lost my stake and made no profit. Now that I have traded out I have made a profit but less than if I was fully correct. So I these as positives.

why did you trade out of the derry match then?
your initial thought must have been price for under 3,5 was too high.
after 2 goals you opposed your initial opinion by now thinking price for 2 more goals is too low.
did the odds change more than you anticipated, was the match more "open" than you thought?
if you simply wanted to avoid losing i wouldnt see that as a positive as your second bet wasnt placed for the right reason

I went through the stats and 1 game in the last 10 had 3.5+ goals.

[greenmark]

At the moment I am just taking baby steps. Scalping doesn't really appeal to me, just looks like staring at lots of flashing number of line graphs hoping that you back the correct momentum. I'd love to get into an area where I am using my ability to read live football matches or looking for solid trends.

Tonight I backed more than 1 goal in the first half of the Man City game and less than 3 goals in the Derry game. I won the Man City profit but traded out of the Derry game at 1-1 for 50% of the profit I would have taken but it is currently 3-1 to trading out was the right thing to do. As straight gambler I would lost my stake and made no profit. Now that I have traded out I have made a profit but less than if I was fully correct. So I these as positives.

why did you trade out of the derry match then?
your initial thought must have been price for under 3,5 was too high.
after 2 goals you opposed your initial opinion by now thinking price for 2 more goals is too low.
did the odds change more than you anticipated, was the match more "open" than you thought?
if you simply wanted to avoid losing i wouldnt see that as a positive as your second bet wasnt placed for the right reason

I went through the stats and 1 game in the last 10 had 3.5+ goals.

1 in 10? Is that your strategy?

[JustLukeYou]

why did you trade out of the derry match then?
your initial thought must have been price for under 3,5 was too high.
after 2 goals you opposed your initial opinion by now thinking price for 2 more goals is too low.
did the odds change more than you anticipated, was the match more "open" than you thought?
if you simply wanted to avoid losing i wouldnt see that as a positive as your second bet wasnt placed for the right reason

I went through the stats and 1 game in the last 10 had 3.5+ goals.

1 in 10? Is that your strategy?

No. Just seemed reasonable chance and good odds. Last night I placed 4 trades and broke even but tonight placed two and profited from both however I am still trading pennies.

[rik]

under 3,5 heavily odds on anyway, supposed to be just 3/10 or so, stats like that just happen and were the odds for unders lower than other matches in the league?
throw a dice 10 times you might get one number 3 or 4 times, doesnt mean you should bet on it

[JustLukeYou]

under 3,5 heavily odds on anyway, supposed to be just 3/10 or so, stats like that just happen and were the odds for unders lower than other matches in the league?
throw a dice 10 times you might get one number 3 or 4 times, doesnt mean you should bet on it

I know, it was also 0-0 at half time.

[JustLukeYou]

Hi,

So do any brave souls want to share their opinion. Yesterday (Saturday) I traded 6 matches. On one match I traded out for a 20% loss but made 20% on the other 5 so ended the day with a profit and increased my bank by 4% which is way about the target of 0.6% (20% of 3% of the bank) but towards the end of the day I hit a brick wall and still can't get over it today.

I traded the Zenit match and made a 20% loss but made that back on Celtic but I just can't see any clear cut opportunities like I was yesterday morning. Does anyone else hit a brick wall at the end of Saturday and if so how do you deal with it?

[Kai]

...towards the end of the day I hit a brick wall and still can't get over it today.

Does anyone else hit a brick wall at the end of Saturday and if so how do you deal with it?

Not much you can do other than smash right through it. It's not easy but it can be done : https://www.youtube.com/watch?v=1BCkR1abfks

[Derek27]

Hi,

So do any brave souls want to share their opinion. Yesterday (Saturday) I traded 6 matches. On one match I traded out for a 20% loss but made 20% on the other 5 so ended the day with a profit and increased my bank by 4% which is way about the target of 0.6% (20% of 3% of the bank) but towards the end of the day I hit a brick wall and still can't get over it today.

I traded the Zenit match and made a 20% loss but made that back on Celtic but I just can't see any clear cut opportunities like I was yesterday morning. Does anyone else hit a brick wall at the end of Saturday and if so how do you deal with it?

That is not hitting a brick wall. To me, hitting a brick wall is trading for several days, possibly 20-30 markets and not making much or any profit. You need a lot of patience to be a trader. Six markets!