Motivation from other Trader's blogs and P&Ls.

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megarain
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2mthsresize.PNG
Although the mix of my P/L does change, the amounts I have won, oddly, are within 5% of the absolute figures for the last 5 yrs.

Winning on exchanges, is v possible .. u just need, the right skill set.

Trying to get pic to load .. must be too big, will retry
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ijamieson
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Joined: Fri Nov 16, 2012 2:14 am

Blimey! :shock: :o
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gazuty
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Joined: Sun Jun 26, 2011 11:03 am

Great stuff megarain. When it rains it pours.
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LeTiss
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Hey megarain......I'd stick to the Cricket and stop the bloody Horses if I was you :lol:
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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

Got me a bit confused here at first. With the selection "Just for today" I thought you were raking in 18M per year :-).

A very, very mighty result. Well done! This is all manual labour or do have things automated?
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megarain
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The line between manual and auto is a v fuzzy one.

The key part of my yr, is Feb/March, when I think about things.

I understand peeps need wages to exist, but, using tools, to investigate new opportunities, is not wasted time.
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Archangel
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Outstanding, well done
Never traded cricket.... i dont even understand the rules :lol:
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Archangel
Posts: 2008
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gazuty wrote:
Archangel wrote:Do you do any manual trading at all ?


But I am not as good as my automations (except in a high volume market like a group 1 race in Australia) because I overbet and lack patience and end up constituting too much of the market. Automation doesn't have emotions.
Yes. The absence of emotions is a huge edge auto has
Groovyelms
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is that screen shot really real? groovy :!:
burdo77
Posts: 351
Joined: Sun Jun 09, 2013 4:13 am

Good stuff mega!

I read your blog a while back and was blown away by your greens.

You trade similar markets to me, whilst I love trading cricket the games are played at the most obscure times to trade regularly. I guess this is your full time job?
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megarain
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Hi,

Yeah, its full-time.

Communication with rival traders is always tricky, as hard-won edges have to be preserved, but, there should always be some common ground.

I posted the snapshot, as I compare mthly cycles, and my initial post, didnt make clear, that I have tended to win £50k, every yr, in June/July. (for the last 7 yrs anyway)

This is not my best trading period, but, its v dependable.

As this is a motivation thread, I was trying to convey, that the game hasnt really changed. 10 yrs ago, my mix of profit may have been different, and in 10 yrs time, I would bet, its different again, but, if u have data modelling skills, it wont matter.

Traders need to evolve. I dont see many posters, looking like they go down that route - and that wont be good.
burdo77
Posts: 351
Joined: Sun Jun 09, 2013 4:13 am

Do you trade much test cricket?

I come to find that for effective long term trades knowledge of the pitch, the weather, and knowledge of declaration totals are paramount. What do you think?

I believe It almost impossible to model the range of variables that test match cricket can throw.
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megarain
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I love to trade test ckt .. its my fav trading vehicle, from many aspects.

With respect, u appear to have done little homework, before submitting the question. On my blog, u will find, dozens of trades on tests, with decent P/L pics. These trades are not that recent - I decided to cut-back on the amount I was writing, but, if u are interested, some of them, have some good stories.

Once again, as this is a motivation thread, let me throw in one positive aspect.

U WANT mkts to be as complicated as possible. It should be dynamic - then, re-think about mistakes people might make, and how u can take advantage.

Trading is v similar to poker. U have to adapt to your opponents, and, for the majority of the time, u make money off their mistakes, as they are not playing GTO (Game theory optimal) - basically, perfectly to u and me.
Last edited by megarain on Wed Aug 05, 2015 9:52 am, edited 1 time in total.
tomallen123
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Joined: Mon Nov 01, 2010 1:52 pm

Mega, do you still trade cricket on betdaq?
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megarain
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Betdaq is a v frustrating thing.

Its hard to trade, when u put up offers, which are competitve, and they are unmatched, for long periods of time.

I still manually put up offers, but, would like to automate, the copying of my bets on Betfair, on Betdaq. There is work being done on this.

I have also used Matchbook - which, basically copies Betfair.

As traders, I think we have to give up stuff, to grow other exchanges - but, know, its v frustrating, and not easy to stick at.
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