6% profit on bankroll per day

[smallplayer]

Hi. Genuine question as have hardly any contact with other traders so don't really know. Trading only manually on pre off horses. Profit is 6% of bankroll per day on average 20 races per day. Based on small 1500 race sample. Bankroll varies between £200 - £500. No idea if that's close to normal or if i'm still a bit crap tbh Thanks.

[Derek27]

Hi. Genuine question as have hardly any contact with other traders so don't really know. Trading only manually on pre off horses. Profit is 6% of bankroll per day on average 20 races per day. Based on small 1500 race sample. Bankroll varies between £200 - £500. No idea if that's close to normal or if i'm still a bit crap tbh Thanks.

6% profit a day is pretty good, in fact any profit is good if you haven't been trading long. But why does your bankroll vary between £200 and £500?

[Kai]

No idea if that's close to normal or if i'm still a bit crap tbh

Well done.

That's pretty normal I would say, depending on staking. 6% means you nearly triple your bank every month, that doesn't sound too shabby now does it?

Any losing days though? What's the market hitrate overall and is the average winner higher than the average loser?

[smallplayer]

Hi. Genuine question as have hardly any contact with other traders so don't really know. Trading only manually on pre off horses. Profit is 6% of bankroll per day on average 20 races per day. Based on small 1500 race sample. Bankroll varies between £200 - £500. No idea if that's close to normal or if i'm still a bit crap tbh Thanks.

6% profit a day is pretty good, in fact any profit is good if you haven't been trading long. But why does your bankroll vary between £200 and £500?

I've traded 8.5k pre off races now over 18 months, on and off, so been trading a while tbh. Only those last 1500 races have been profitable. Previous 7k races I mainly broke even after smallish initial losing phase when first new, using small stakes thankfully. I only have one betfair account in use which I use for matched betting (what's left of it ), so balance fluctuates quite a bit. I just use whats in it at the time, rather than topping up as I consider myself still learning so any stake bankroll will do, rather than focusing on what I'm gonna win. Tbh, I wouldn't wanna scale up to soon and think £500 max is enough for now. That was part of the reason for this question, to find out what kind of bankrolls other experienced pre off traders are using daily? 6% od £200 - £500 doesn't really earn you much per day, certainly not a full time wage to live on.

[smallplayer]

No idea if that's close to normal or if i'm still a bit crap tbh

Well done.

That's pretty normal I would say, depending on staking. 6% means you nearly triple your bank every month, that doesn't sound too shabby now does it?

Any losing days though? What's the market hitrate overall and is the average winner higher than the average loser?

I am a bit surprised but glad to hear that 6% is normal tbh. I was thinking it would be hard to squeeze a higher percentage out.
I rarely have a losing day but I do have many breakeven or thereabout days. If I am having a bad day, i will try to get small green and leave it for the day for confidence purposes
Last count of my hit rate was 57%. I go for small moves, normally reversals and I aim for 2:1 win/loss but I rarely achieve that..it's more like 1:1 - 1.5:1.
I never take more than a 4 tick loss, regardless of where it is, (learned the hard way )
I guess I will just have to work on scaling up to increase my profits.
I've heard some people will have 5-6k in liability for an odds on horse

[spreadbetting]

Always easier to return a decent percentage on small stakes than larger ones because there isn't unlimited money in racing. No reason why you shouldn't be able to get a decent full time wage to live on if you're making 6% a day. That's 42% a week even without compounding.

I usually look at my percentage return to stakes rather than worry about return to bank simply because you can churn that bank so many times when trading. A lot of my stuff is bottled so low percentage returns but I can live quite comfortably of less than a 1% return so maybe you should consider compounding your bank and slowly increase stakes.

[smallplayer]

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[smallplayer]

Always easier to return a decent percentage on small stakes than larger ones because there isn't unlimited money in racing. No reason why you shouldn't be able to get a decent full time wage to live on if you're making 6% a day. That's 42% a week even without compounding.

I usually look at my percentage return to stakes rather than worry about return to bank simply because you can churn that bank so many times when trading. A lot of my stuff is bottled so low percentage returns but I can live quite comfortably of less than a 1% return so maybe you should consider compounding your bank and slowly increase stakes.

I understand SB.. I can only trade pre off horses so far its all I know, and I can only stomach about 20 races a day, about 4 hours work, as it's so boring tbh
I wish now that I had went down the automation route and learnt that as I could then churn hundreds of GH races per day for small % profits which would earn more in long run.

[spreadbetting]

I understand SB.. I can only trade pre off horses so far its all I know, and I can only stomach about 20 races a day, about 4 hours work, as it's so boring tbh

Yep. not the most exciting of jobs, not too much different than working in a factory once you have a working plan, just more mentally draining than physically.

I wish now that I had went down the automation route and learnt that as I could then churn hundreds of GH races per day for small % profits which would earn more in long run.

Never too late to start and you can hardly go automated until you've learnt how to win on the exchange.

[Derek27]

Hi. Genuine question as have hardly any contact with other traders so don't really know. Trading only manually on pre off horses. Profit is 6% of bankroll per day on average 20 races per day. Based on small 1500 race sample. Bankroll varies between £200 - £500. No idea if that's close to normal or if i'm still a bit crap tbh Thanks.

6% profit a day is pretty good, in fact any profit is good if you haven't been trading long. But why does your bankroll vary between £200 and £500?

I've traded 8.5k pre off races now over 18 months, on and off, so been trading a while tbh. Only those last 1500 races have been profitable. Previous 7k races I mainly broke even after smallish initial losing phase when first new, using small stakes thankfully. I only have one betfair account in use which I use for matched betting (what's left of it ), so balance fluctuates quite a bit. I just use whats in it at the time, rather than topping up as I consider myself still learning so any stake bankroll will do, rather than focusing on what I'm gonna win. Tbh, I wouldn't wanna scale up to soon and think £500 max is enough for now. That was part of the reason for this question, to find out what kind of bankrolls other experienced pre off traders are using daily? 6% od £200 - £500 doesn't really earn you much per day, certainly not a full time wage to live on.

If you were using your bank for matched betting then the 6% profit might be distorted, it could actually be higher if you didn't have all your funds available. Personally, I would gradually scale up, as SB suggested. You'll find as stakes increase your profit margin will reduce due to all those partially matched bets that can't be increased but it won't reduce proportionally so there's plenty of potential to increase profits.

[Kai]

Looks good to me, Tomas taught you well Does he still actively trade racing?

I can only trade pre off horses so far its all I know, and I can only stomach about 20 races a day, about 4 hours work, as it's so boring tbh

Gets a lot less boring when you start scaling up and start actually caring about individual results and trades Plenty of room to scale from there as you can imagine, but I wouldn't scale too hard too fast as your decision-making will most likely get severely impacted by it so you can easily lose the edge and have to start over.

[smallplayer]

He trades nearly every day afaik..he is unique I have to say..lightening reflexes for his style..not for me..i'm too old for all that

[smallplayer]

I understand SB.. I can only trade pre off horses so far its all I know, and I can only stomach about 20 races a day, about 4 hours work, as it's so boring tbh

Yep. not the most exciting of jobs, not too much different than working in a factory once you have a working plan, just more mentally draining than physically.

I wish now that I had went down the automation route and learnt that as I could then churn hundreds of GH races per day for small % profits which would earn more in long run.

Never too late to start and you can hardly go automated until you've learnt how to win on the exchange.

Thanks SB..I have considered but i'm rubbish at excel, programming stuff..

[Kai]

He trades nearly every day afaik..he is unique I have to say..lightening reflexes for his style..not for me..i'm too old for all that

That's great to hear, an order flow trades does need almost catlike reflexes at times

But the bank part is easy, you simply invest your profits in it, first thing I did as well so there was no need to top up the account past the initial deposit, but based on those stake sizes you have to scale your confidence levels and comfort zones first, which will take some doing, the stake sizes suggest that it's a bit on the low side. That's where most of the real work will have to be done, although you did pass the first part with flying colors so well done once again

Especially if you're feeling bored, that's a great sign of good trading.

[smallplayer]

6% profit a day is pretty good, in fact any profit is good if you haven't been trading long. But why does your bankroll vary between £200 and £500?

I've traded 8.5k pre off races now over 18 months, on and off, so been trading a while tbh. Only those last 1500 races have been profitable. Previous 7k races I mainly broke even after smallish initial losing phase when first new, using small stakes thankfully. I only have one betfair account in use which I use for matched betting (what's left of it ), so balance fluctuates quite a bit. I just use whats in it at the time, rather than topping up as I consider myself still learning so any stake bankroll will do, rather than focusing on what I'm gonna win. Tbh, I wouldn't wanna scale up to soon and think £500 max is enough for now. That was part of the reason for this question, to find out what kind of bankrolls other experienced pre off traders are using daily? 6% od £200 - £500 doesn't really earn you much per day, certainly not a full time wage to live on.

If you were using your bank for matched betting then the 6% profit might be distorted, it could actually be higher if you didn't have all your funds available. Personally, I would gradually scale up, as SB suggested. You'll find as stakes increase your profit margin will reduce due to all those partially matched bets that can't be increased but it won't reduce proportionally so there's plenty of potential to increase profits.

I'm in no big rush to scale up as I know it will alter things ..just wanna keep churning consistency..Thanks to all for confirming 6% is doing ok
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