When is it time to scale up?

[gazuty]

When scaling remember that you risk value declining as you increase your stakes. I made the mistake of assuming small increases in stakes would have no difference on return when it was turning my automations into negative every time.

Same here with both dogs and horses.

What works wonders sub £2, is often sufficient to 'spook' the market when raised above £2, and therefore the value or edge is eroded. Greens become reds.

Thus I am resigned to never getting rich, only having nice treats once in a while.

CS

Yep.

Suggestion (no doubt you both already look for this):

(a) find as many markets as possible where you have a small edge (you can see I am willing to flip the coin today on 259 markets);

47090C73-3EED-43B7-A8C1-5141AD782D25.jpeg

(b) analyse results and filter out markets that don’t suit your style of automation.

In addition (and again I know this is obvious and so said with respect and not telling you how to suck eggs) going from 2 to 2.2 is a 10% scale, going from 2 to 5 is 150% scale. One tip, stick with the same size stakes but repeat the firing scenario if the automation is working in your favour, eg if green all status at a point in time is positive allow automation to fire again, but if green all status at a the testing point is negative do not allow automation to fire again. Do not adjust stakes rather adjust frequency and circumstances of when your automation fires.

Finally, nothing wrong with a successful automation that allows you occasional treats. Good work

[zippus]

When scaling remember that you risk value declining as you increase your stakes. I made the mistake of assuming small increases in stakes would have no difference on return when it was turning my automations into negative every time.

Same here with both dogs and horses.

What works wonders sub £2, is often sufficient to 'spook' the market when raised above £2, and therefore the value or edge is eroded. Greens become reds.

Thus I am resigned to never getting rich, only having nice treats once in a while.

CS

Yep.

Suggestion (no doubt you both already look for this):

(a) find as many markets as possible where you have a small edge (you can see I am willing to flip the coin today on 259 markets);


47090C73-3EED-43B7-A8C1-5141AD782D25.jpeg


(b) analyse results and filter out markets that don’t suit your style of automation.

In addition (and again I know this is obvious and so said with respect and not telling you how to suck eggs) going from 2 to 2.2 is a 10% scale, going from 2 to 5 is 150% scale. One tip, stick with the same size stakes but repeat the firing scenario if the automation is working in your favour, eg if green all status at a point in time is positive allow automation to fire again, but if green all status at a the testing point is negative do not allow automation to fire again. Do not adjust stakes rather adjust frequency and circumstances of when your automation fires.

Finally, nothing wrong with a successful automation that allows you occasional treats. Good work

Great advice. Thanks guys.

[zippus]

Here's hoping the equity curve remains positive over the next week or so.

Equity curve_030721.png

[jamesedwards]

Yep.

Suggestion (no doubt you both already look for this):

(a) find as many markets as possible where you have a small edge (you can see I am willing to flip the coin today on 259 markets);


47090C73-3EED-43B7-A8C1-5141AD782D25.jpeg

I'll raise you 1,746

1746.PNG

[gazuty]

Yep.

Suggestion (no doubt you both already look for this):

(a) find as many markets as possible where you have a small edge (you can see I am willing to flip the coin today on 259 markets);


47090C73-3EED-43B7-A8C1-5141AD782D25.jpeg

I'll raise you 1,746
1746.PNG

Well done James. “That’s what I’m talkin about”

https://www.youtube.com/watch?v=rTM14lwCpbk