6% profit on bankroll per day

[Derek27]

Not that many pre off manual traders that I know of on here? Euler, you, To7ne.

There are a lot of pre-off horse racing traders on hear, you only need to look at the big-meeting threads. I'm sure a lot of people trade the more mundane meetings without commenting on the forum.

[Kai]

Not that many pre off manual traders that I know of on here? Euler, you, To7ne. Lots may dabble but seem to be mix of auto and footy, etc I appreciate all the advice from everyone as I know they have the experience, but its the pre off horse gems I look for.

Perception is a funny thing - I trade football and always feel like the forum is 90% manual pre-off horse traders!

Sure is, the forum is what you make of it and what you perceive so obviously can mean different things to different people, depending what stage they are at. I remember a forum poll last year or so, think it had manual traders at only 25% with most being auto only.

It's a bit of a strange one for sure, since you can't properly discuss trading ideas or showcase any results there's not much to do on here really, besides just hanging out and messing about, or giving the occasional advice to the less experienced traders etc.

[darchas]

Not that many pre off manual traders that I know of on here? Euler, you, To7ne. Lots may dabble but seem to be mix of auto and footy, etc I appreciate all the advice from everyone as I know they have the experience, but its the pre off horse gems I look for.

Perception is a funny thing - I trade football and always feel like the forum is 90% manual pre-off horse traders!

Sure is, the forum is what you make of it and what you perceive so obviously can mean different things to different people, depending what stage they are at. I remember a forum poll last year or so, think it had manual traders at only 25% with most being auto only.

It's a bit of a strange one for sure, since you can't properly discuss trading ideas or showcase any results there's not much to do on here really, besides just hanging out and messing about, or giving the occasional advice to the less experienced traders etc.

That's true. I think whatever you're looking for you'll always think there's not enough of it out there!

[darchas]

And I agree about hanging out and the necessary limitations around posting stuff. I guess that's why the more beginner oriented threads pick up the most traction as most feeling comfortable sharing general bits and pieces. Still useful stuff mind.

[Derek27]

You are an exception that only serves to prove that rule, you are able to find a bit of excitement even in Paraguayan and Peruvian football

Liverpool v Arsenal will be interesting if I make it back from the supermarket on time.

Missed it, it's almost over, and back to South America for me.

[alexmr2]

You seem to be doing things right. Sometimes I forget that a consistent ROI of a few % per day is all it takes to be profitable (which is lightyears better than losing).

I tend to have some success and get overconfident, which leads to overstaking and subsequently more problems. Sometimes I would even aim for 10% ROI per race chasing losses which is just ridiculous. It only resulted in -50% bank drawdown days.

Since overstaking is my biggest issue I've been sticking to 1 or 2 stakes max recently and have started to do better very slowly. I've been through this cycle many times so hopefully I will finally learn my lesson that overstaking doesn't work and keep chipping away like this until I can slowly scale up

[smallplayer]

The reason I started this thread was to ask if I was doing ok at 6% ROI of bankroll per day and the consensus seems to be that I am. Obviously I was unsure and a bit disappointed that that was all I was earning every day. We all know that it is the size of the stakes that determine big profits. The big earners are using big stakes which makes them look good. So, we learners will have to grow to those big stakes. Plugging away every day and getting £10 - £20 profits can be dejecting even though you are getting a good ROI. It's easy to forget this and mess yourself up because of it. I truly believe that you can learn enough in a few months to be profitable, but that it is the psychology that messes newbies up. I have followed your posts Alex and you clearly know enough to be on right side. 12k races traded is a lot. Perhaps like me, you are doubting yourself which is leading to riskier approaches, instead of the small steady boring gains, which in turn is blowing it for you. I trade every day now expecting nothing. Tbh, I have adopted a rather casual, non expectant approach which to some would appear that I don't really care. Of course, like you, it is the most important thing to me, but the easy come, easy go approach has took the pressure of me and I just show up now and do my best, just like Peter says he does

[spreadbetting]

Maybe it's time for you to start compounding that 6% and upping stakes in line with your daily winnings. That £500 bank will be around £11K in three months and £129,178,854.83 in a year at your current roi

[Derek27]

I have a compounding spreadsheet that tells me how much I'd make for the year, based on my 1st of January profit. Not achievable if I've had a good day, obviously, but it's still nice to know.

[spreadbetting]

You'll always hit a ceiling compounding, either stakes that are too big for the market or more likely stakes you're uncomfortable playing at. But eventually you need to find what your ceiling is as that usually decides whether you can make a go at trading for a living.

Most markets have shrapnel left around that largely gets ignored by most traders as not worth going for, so it's left to the bots. Once you raise your stakes you may find your strategy is just unviable at larger amounts.

[smallplayer]

Maybe it's time for you to start compounding that 6% and upping stakes in line with your daily winnings. That £500 bank will be around £11K in three months and £129,178,854.83 in a year at your current roi

Now we all know that most day to day markets will have a cap on what it will take. I was hoping some experienced traders would hint at what kind of bankroll they can utilize on everyday racing but alas, no one was forthcoming except for the old "how long is a piece of string" comments. Although, I do understand that definitive answers are almost impossible in this game
I am upping my stakes slowly though, in line with what I am comfortable with..I don't push too hard as I know I could blow up anytime.

[smallplayer]

You'll always hit a ceiling compounding, either stakes that are too big for the market or more likely stakes you're uncomfortable playing at. But eventually you need to find what your ceiling is as that usually decides whether you can make a go at trading for a living.

Most markets have shrapnel left around that largely gets ignored by most traders as not worth going for, so it's left to the bots. Once you raise your stakes you may find your strategy is just unviable at larger amounts.

I agree SB. Lucky for me that I aim to earn a modest amount from this. I am fairly low maintenance and mortgage free so it is amazing how little I need to live from this. £300 a week consistently would get me by comfortably. I won't refuse more though

[Derek27]

Maybe it's time for you to start compounding that 6% and upping stakes in line with your daily winnings. That £500 bank will be around £11K in three months and £129,178,854.83 in a year at your current roi

Now we all know that most day to day markets will have a cap on what it will take. I was hoping some experienced traders would hint at what kind of bankroll they can utilize on everyday racing but alas, no one was forthcoming except for the old "how long is a piece of string" comments. Although, I do understand that definitive answers are almost impossible in this game
I am upping my stakes slowly though, in line with what I am comfortable with..I don't push too hard as I know I could blow up anytime.

It wouldn't be helpful if somebody told you the size of their bank and average monthly profits because they will undoubtedly be using an entirely different strategy and approach to yours, possibly different sports as well.

[spreadbetting]

Maybe it's time for you to start compounding that 6% and upping stakes in line with your daily winnings. That £500 bank will be around £11K in three months and £129,178,854.83 in a year at your current roi

Now we all know that most day to day markets will have a cap on what it will take. I was hoping some experienced traders would hint at what kind of bankroll they can utilize on everyday racing but alas, no one was forthcoming except for the old "how long is a piece of string" comments. Although, I do understand that definitive answers are almost impossible in this game
I am upping my stakes slowly though, in line with what I am comfortable with..I don't push too hard as I know I could blow up anytime.

For everyday racing I'm happy to be exposed to around £2K , so £200 @ 11, £400 at 6 etc doesn't mean I'll be able to get those stakes matched though. My average exposure per bet today has been £213, calculatated by odds minus 1 times stakes, but that does include bots.

[smallplayer]

Maybe it's time for you to start compounding that 6% and upping stakes in line with your daily winnings. That £500 bank will be around £11K in three months and £129,178,854.83 in a year at your current roi

Now we all know that most day to day markets will have a cap on what it will take. I was hoping some experienced traders would hint at what kind of bankroll they can utilize on everyday racing but alas, no one was forthcoming except for the old "how long is a piece of string" comments. Although, I do understand that definitive answers are almost impossible in this game
I am upping my stakes slowly though, in line with what I am comfortable with..I don't push too hard as I know I could blow up anytime.

For everyday racing I'm happy to be exposed to around £2K , so £200 @ 11, £400 at 6 etc doesn't mean I'll be able to get those stakes matched though. My average exposure per bet today has been £213, calculatated by odds minus 1 times stakes, but that does include bots.

Thanks SB. I was looking for that ballpark figure for everyday racing. I had guessed around £1500 - £2000 as that's what Peter also seems to trying to get on for these also. Understand it won't always get matched though. So i'm a long way of that atm, but in time I may get up there. Even halfway would produce the modest profit I need to do this full time.