90 Day Football Trading Challenge

Football, Soccer - whatever you call it. It is the beautiful game.
Alexander_99
Posts: 95
Joined: Mon Jan 06, 2020 12:48 am

DAY 3: 10% increase of my bank from yesterday, and thus 31% growth of my starting bank.

Konyaspor vs Galatasaray was a crazy match which gave me nice profits. Could / should have earned much more on it, but I watched in intermittently on my mobile while outside so betting on wasn't that easy.

Have to say that Turkish super lig is very entertaining to watch. There are always some bizarre / unexpected incidences happening. Serie A very interesting too.
DarkPrince87
Posts: 6
Joined: Fri Dec 04, 2020 4:01 am

Derek27 wrote:
Tue Jan 05, 2021 12:33 pm
DarkPrince87 wrote:
Tue Jan 05, 2021 5:40 am
I am just starting out in trading, and figured I would jump on board as a mechanism to track my progress.

Day 1 - 7/7 Trades - $110 Total Staked - $14.09 Profit
Day 2 - 4/6 Trades - $160 Total Staked - $6.39 Profit
Day 3 - 8/8 Trades - $85 Total Staked - $9.89 Profit

Still trying to bring myself around to increasing stakes, the first time I increased my stakes (on Day 2) I experienced my first loss which shook confidence a bit.
If you set your basic unit stake or whatever you want to call it (obviously stakes vary) to a percentage of your bank then you don't need to worry about when to scale up - it happens automatically. I would never recommend doubling your bank and then doubling your stake. That gets quite disorientating, especially if you have a few (double) losing trades.
Majority of my trades to date I have been risking <1% of my bank (until I get a better feel/confidence), as of yesterday I increased this to 2% of my bank.

Once I find a % that I am comfortable with, I will do as you suggested and scale up slowly based on overall bank growth.

The silly thing is, when I was doing matched betting and playing Same Game Multi's I was more than comfortable with putting down a $50 with a 50% chance of success...yet here I hesitate to put in a stake of $50 (in which $5-$10 is at risk) to make a profit of $5 with a seemingly 90%+ chance of success.
DarkPrince87
Posts: 6
Joined: Fri Dec 04, 2020 4:01 am

DarkPrince87 wrote:
Tue Jan 05, 2021 5:40 am
Day 1 - 7/7 Trades - $110 Total Staked - $14.09 Profit
Day 2 - 4/6 Trades - $160 Total Staked - $6.39 Profit
Day 3 - 8/8 Trades - $85 Total Staked - $9.89 Profit
Day 4 - 9/11 Trades - $260 Total Stakes - $20.21 Profit
Alexander_99
Posts: 95
Joined: Mon Jan 06, 2020 12:48 am

Just logged off my betfair account for the day, after trading for nearly 9 hours. Watched / checked out 26 matches and traded in 19 of them.

DAY 4: 14% bank growth from yesterday's amount. So 49% increase on my starting bank.

Still pissed off, because still chickening out of potential opportunities that would have increased my profits for the day even more (by additional 12%). Damn. It's like I am missing out on half of potential profits on a daily basis .
Last edited by Alexander_99 on Wed Jan 06, 2021 10:05 pm, edited 1 time in total.
goat68
Posts: 887
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

Alexander_99 wrote:
Wed Jan 06, 2021 9:53 pm
Just logged off my betfair account for the day, after trading for nearly 9 hours.

DAY 4: 14% bank growth from yesterday's amount. So 49% increase on my starting bank.

Still pissed off, because still chickening out of potential opportunities that would have increased my profits for the day even more (by additional 12%). Damn. It's like I am missing out on half of potential profits on a daily basis .
Really mate forget the whinging, that sort of growth is amazing, I'm not even achieving 0%!
To be honest, if you're for real,I'd be seriously worried you're going to blow it.....just keep positive thinking.
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Derek27
Posts: 10415
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

DarkPrince87 wrote:
Wed Jan 06, 2021 8:49 pm
The silly thing is, when I was doing matched betting and playing Same Game Multi's I was more than comfortable with putting down a $50 with a 50% chance of success...yet here I hesitate to put in a stake of $50 (in which $5-$10 is at risk) to make a profit of $5 with a seemingly 90%+ chance of success.
I know what you mean. Staking, applied to different betting methods can be quite disorientating until you've got to grips with it. :)
DarkPrince87
Posts: 6
Joined: Fri Dec 04, 2020 4:01 am

DarkPrince87 wrote:
Wed Jan 06, 2021 8:52 pm
Day 1 - 7/7 Trades - $110 Total Staked - $14.09 Profit
Day 2 - 4/6 Trades - $160 Total Staked - $6.39 Profit
Day 3 - 8/8 Trades - $85 Total Staked - $9.89 Profit
Day 4 - 9/11 Trades - $260 Total Stakes - $20.21 Profit
Day 5 - 5/5 Trades - $110 Total Stakes - $12.02 Profit

Definitely see how it quickly adds up even with small stakes...will continue with daily updates for the next few days then go onto a weekly view.

Have spent the last few hours trying to automate it, will run the bot overnight in practice mode and am really hoping to see in the morning that it worked.
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Shaung89
Posts: 55
Joined: Wed Aug 08, 2018 5:39 pm

Alexander_99 wrote:
Wed Jan 06, 2021 9:53 pm
Just logged off my betfair account for the day, after trading for nearly 9 hours. Watched / checked out 26 matches and traded in 19 of them.

DAY 4: 14% bank growth from yesterday's amount. So 49% increase on my starting bank.

Still pissed off, because still chickening out of potential opportunities that would have increased my profits for the day even more (by additional 12%). Damn. It's like I am missing out on half of potential profits on a daily basis .
I think you need to change your mentality on phrases like this. Dont be pissed off that you didnt take up an opportunity but learn from the lesson on why you didnt enter the trade, then confirm whether it is long term a correct decision and from there change the mindset should it occur in the future.

I dont want to be critical but this stood out as something i'd learned on the horses and has proven valuable. I now encounter similar scenarios on a very frequent basis and if they dont meet my "rules" (based on experience, previous lessons and research) then I dont trade. More importantly - I dont get frustrated if the trade would have generated profit.
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Derek27
Posts: 10415
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Alexander_99 wrote:
Wed Jan 06, 2021 9:53 pm
Still pissed off, because still chickening out of potential opportunities that would have increased my profits for the day even more (by additional 12%). Damn. It's like I am missing out on half of potential profits on a daily basis .
Nothing wrong with getting frustrated, trading by nature can be tedious and frustrating, but you got to drop any feelings of anger or being pissed off. Just decide what you could have done better or should have done and benefit from the experience. You'd be amazed at how many traders have not only lost a lot of money on a market but had to buy a new PC to replace the one they smashed up. :)
Alexander_99
Posts: 95
Joined: Mon Jan 06, 2020 12:48 am

Derek27 wrote:
Thu Jan 07, 2021 8:24 pm
Alexander_99 wrote:
Wed Jan 06, 2021 9:53 pm
Still pissed off, because still chickening out of potential opportunities that would have increased my profits for the day even more (by additional 12%). Damn. It's like I am missing out on half of potential profits on a daily basis .
Nothing wrong with getting frustrated, trading by nature can be tedious and frustrating, but you got to drop any feelings of anger or being pissed off. Just decide what you could have done better or should have done and benefit from the experience. You'd be amazed at how many traders have not only lost a lot of money on a market but had to buy a new PC to replace the one they smashed up. :)
I understand what you mean. The difficulty is that all my trades / bets are due to my perception / intuition about the game. So deciding what I "could /should have done better" is not easy. All I can say is that my intuition has been paying off long term; but mentally / psychologically, quite often I find it a struggle to trust my intuition...
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