Right and wrong

[arbtim]

My IP soccer strategy which has proved to be profitable involves Dutching and subsequently laying off if I feel the need to.
Although the end results of matches show a good profit for this I have noted the matches more often than not have a negative price movement after I have Dutched,ie a goal goes against my results.
I'm not too concerned as it hasn't affected my profits but is this a sign of a poor trading strategy?This is based on 1500+ matches traded,I have not kept a record of what my profit would have been had I Dutched the opposite results to those I did.
Any thoughts on this?

Tim

[steven1976]

If its making consistent money then i dont think its a sign of a poor trading strategy. It may however give a sign of what the markets do short term to put you into a negative position and hold that position to leave you exposed. Some people sell out in fear of being in a negative position and believe something has happened, the market can take your position and sell it else where at a profitable position etc.... i find that scaling out a few positions can be helpful for short term trading. However as an overall strategy, i wouldnt worry to much about the short term initial point of entry (unless its a very weak market with very big spreads) your taking if your looking for a longer term trade and have little concern as to what happens in the next 1-2 mins.

[markjacks]

However as an overall strategy, i wouldnt worry to much about the short term initial point of entry

Thanks for that Steven. That just confirms my doubt and I have made it as one of my golden rules!