I've always struggled to understand how negative people can be about opportunities.
When I was young I looked up to successful people to see what I could learn. I knew I shouldn't take anything fully at face value, but all I wanted was a little bit of wisdom to rub off and make my path slightly clearer.
It seems that a lot of people just can't think that way.
Motivation from other Trader's blogs and P&Ls.
Just catching up on this thread. Those are excellent returns Gazuty. It neither motivates or demotivates me to see others PL's now, although when I first started out it was very much a case of the latter. Jealousy is a cruel mistress.
For a counterpoint here is my UK GH automation for the last 6 years. The markets evolve and if you don't evolve with them you get left behind. Can the person at the back who has been picking my pocket for the last two and a bit years please stand down.....
For a counterpoint here is my UK GH automation for the last 6 years. The markets evolve and if you don't evolve with them you get left behind. Can the person at the back who has been picking my pocket for the last two and a bit years please stand down.....
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That's actually quite interesting. I think we all see this to some extent.
I also think that because Betfair are not growing the top line number it means that people seem to fight more intensely over the remainder.
But fundamentally your margins will always slide in any market as people feel if they can be a little more efficient, they will grab more of the market. So operating a little smarter will always make total returns contract over time.
I also think that because Betfair are not growing the top line number it means that people seem to fight more intensely over the remainder.
But fundamentally your margins will always slide in any market as people feel if they can be a little more efficient, they will grab more of the market. So operating a little smarter will always make total returns contract over time.
It has certainly got harder for me not easier over time and not just in those GH markets. I seem to be fighting to keep my returns up across the board and assume it is down to greater competition in a smaller pool. Or maybe I just got lucky in the early days? In fact I know I got lucky, but perhaps it takes a bit of time to realise just how lucky.
Not complaining though and certainly not giving up. There's still money to be made.
Not complaining though and certainly not giving up. There's still money to be made.
Tony will love that, lines not so straight.deestar wrote: ↑Tue Dec 14, 2021 4:21 pmJust catching up on this thread. Those are excellent returns Gazuty. It neither motivates or demotivates me to see others PL's now, although when I first started out it was very much a case of the latter. Jealousy is a cruel mistress.
For a counterpoint here is my UK GH automation for the last 6 years. The markets evolve and if you don't evolve with them you get left behind. Can the person at the back who has been picking my pocket for the last two and a bit years please stand down.....
https://youtu.be/8G1PKAIUlgA?list=PLG4X ... hVb5&t=365
Really interesting. You've also said exactly what I was about to say "Jealousy...". Looking at a lot of other peoples PnL charts zooming up top right, when yours all go bottom right, does not seem like an opportunity. It just means they can do it, and you can't!deestar wrote: ↑Tue Dec 14, 2021 4:21 pmJust catching up on this thread. Those are excellent returns Gazuty. It neither motivates or demotivates me to see others PL's now, although when I first started out it was very much a case of the latter. Jealousy is a cruel mistress.
For a counterpoint here is my UK GH automation for the last 6 years. The markets evolve and if you don't evolve with them you get left behind. Can the person at the back who has been picking my pocket for the last two and a bit years please stand down.....
You GH charts are really interesting. I've got a good strategy that backtests well over the last 6months, but I fear from what i've seen the last 3 weeks, the market has changed. Which then begs the question, so I find a great "opportunity" that's worked great the last 6months, but that's not much good because the next 6months will be all different! So i've got to find opportunities over the next 6months that were not opportunities over the last 6months, how are you supposed to do that? Maybe a matter of finding what isn't working at all over the last 6months, in the hope that turns profitable over the next 6months?!
I wouldn't put much store in the last few weeks. The GH markets are seasonal like everything else. Less other markets around mean they see a bit more casual action which can skew more general yearly trends.
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jamesedwards
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These days media and social media condition us to treat the successful with contempt. It can't be good for the progress of humanity.Euler wrote: ↑Tue Dec 14, 2021 4:17 pmI've always struggled to understand how negative people can be about opportunities.
When I was young I looked up to successful people to see what I could learn. I knew I shouldn't take anything fully at face value, but all I wanted was a little bit of wisdom to rub off and make my path slightly clearer.
It seems that a lot of people just can't think that way.
I think i am case in point here in being too negative...Euler wrote: ↑Tue Dec 14, 2021 4:17 pmI've always struggled to understand how negative people can be about opportunities.
When I was young I looked up to successful people to see what I could learn. I knew I shouldn't take anything fully at face value, but all I wanted was a little bit of wisdom to rub off and make my path slightly clearer.
It seems that a lot of people just can't think that way.
Im picking holes in probably a good strategy, just so happens i went live with it during seasonal end of year...i shall ignore my worries, as it is expected risk.
