making tenner a day for newbie possible or am i expecting to

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LeTiss
Posts: 5488
Joined: Fri May 08, 2009 6:04 pm

newbietrader wrote: odds move too fast in tennis :( like if someone loses his serve he drifts 10+ ticks
You're talking 'in play'
I'm talking pre-event
newbietrader
Posts: 91
Joined: Sun Nov 02, 2014 10:54 am

LeTiss 4pm wrote:
newbietrader wrote: odds move too fast in tennis :( like if someone loses his serve he drifts 10+ ticks
You're talking 'in play'
I'm talking pre-event
oh never tried pre match with tennis, did today with arsenal game though backed at 2.21 and before the off they came down to 2.03 or something then layed them off :)
fumanshoe66
Posts: 23
Joined: Tue Sep 17, 2013 9:49 pm

Newbie

your enthusism is refreshing but dont run before you can walk. trying every market and every possible function on BA is not gonna lead you to the your '10er a day'. Have a read back of all the messages on this thread and you will clearly see what will make you a '10er aday', TIME, learn your trade.
I posted a rare message to you before and suggested you check out MGEducational?? did u?

I was once in your shoes and you will learn more from MG videos than any other is will to share on here which i can understand.

If you had found the secret ingredient to earning nice profits would you be willing to share them to BA users?? And risk deluting you winning system...

concentate on the markets you know/feel comfortable with.

I dont believe 'a 10er a day' is possible because you will have good days breaking even and better days winning a few quid a monthly P&L is a better way of monitoring your progress
Alpha322
Posts: 932
Joined: Fri Oct 30, 2009 4:45 pm

I have been trading for 5 years now, i took Peters course and one other course, no dicredibility to the courses, they taught me alot, the things they taught is what you learn along the way. In my first two years of trading i lost arround £3450.00 maybe more but in year 3 i profited just over break even, Year 4 i used practice mode for about 8 months, now am in live mode and trade £20 -25 a race greened up and football at a fixed trade rate of £60 per match. This is with a relativley large bank,£2000 but its not the bank it is how much of that bank you risk, i split this up into segments, but the point am trying to make people get into things and want it now, you have to work hard to crack the nut. I still work as my income is quite hi, with this i get to do it regular because my shift patterns allow me to. Yes you can make any amount you want in reason but its about your trading, reading the markets, not risking to much of your bank, entry point, knowing where to exit, dicipline to exit if it go,s tits up. Laying and backing and in play are to risky for me am a hard pre race trader, i only do in play Football for 15-20 mins to green up then i do the rest of the strategy that took me weeks, months to work out. I wont lie i am still learning stuff building new strategies and edges, you need to find your edge after entry, my advice be paitient learn the markets, why do they change the way they do etc, take the money making away from your thoughts, if you dont you will never move forward and just blow bank after bank after bank, that bank is there to turn not to gamble, good luck on your journey
newbietrader
Posts: 91
Joined: Sun Nov 02, 2014 10:54 am

fumanshoe66 wrote:Newbie

your enthusism is refreshing but dont run before you can walk. trying every market and every possible function on BA is not gonna lead you to the your '10er a day'. Have a read back of all the messages on this thread and you will clearly see what will make you a '10er aday', TIME, learn your trade.
I posted a rare message to you before and suggested you check out MGEducational?? did u?

I was once in your shoes and you will learn more from MG videos than any other is will to share on here which i can understand.

If you had found the secret ingredient to earning nice profits would you be willing to share them to BA users?? And risk deluting you winning system...

concentate on the markets you know/feel comfortable with.

I dont believe 'a 10er a day' is possible because you will have good days breaking even and better days winning a few quid a monthly P&L is a better way of monitoring your progress
yes I watched almost all trading videos on youtube and found some guys doing it so easily its like they're literally printing money, yes I know won't be tenner everyday, all I'm looking is 250-300£ month, as I'm playing with pennies I wanna try what suits me most I'll avoid tennis coz scalping isn't possible once in play huge price movements
newbietrader
Posts: 91
Joined: Sun Nov 02, 2014 10:54 am

Alpha322 wrote:I have been trading for 5 years now, i took Peters course and one other course, no dicredibility to the courses, they taught me alot, the things they taught is what you learn along the way. In my first two years of trading i lost arround £3450.00 maybe more but in year 3 i profited just over break even, Year 4 i used practice mode for about 8 months, now am in live mode and trade £20 -25 a race greened up and football at a fixed trade rate of £60 per match. This is with a relativley large bank,£2000 but its not the bank it is how much of that bank you risk, i split this up into segments, but the point am trying to make people get into things and want it now, you have to work hard to crack the nut. I still work as my income is quite hi, with this i get to do it regular because my shift patterns allow me to. Yes you can make any amount you want in reason but its about your trading, reading the markets, not risking to much of your bank, entry point, knowing where to exit, dicipline to exit if it go,s tits up. Laying and backing and in play are to risky for me am a hard pre race trader, i only do in play Football for 15-20 mins to green up then i do the rest of the strategy that took me weeks, months to work out. I wont lie i am still learning stuff building new strategies and edges, you need to find your edge after entry, my advice be paitient learn the markets, why do they change the way they do etc, take the money making away from your thoughts, if you dont you will never move forward and just blow bank after bank after bank, that bank is there to turn not to gamble, good luck on your journey
very interesting post alpha :) yes I find it hard in football o/u goals, it look like no goals coming I back unders and its goal fest in second half, 3 goals within 16 minutes :|
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LeTiss
Posts: 5488
Joined: Fri May 08, 2009 6:04 pm

Ultimately, (as the last two posts have suggested) you need to find your edges yourself and not keep asking people for specific advice

If you made £25,000 per year from trading, would you give your edges or secrets away for nothing??

Of course you wouldn't - the only people who do that are selling expensive courses.

My advice is to write every trade down - put what you staked at what price, what price you exited at, what the green or red figure was, and in another column write why you entered that trade when you did, why you exited when you did, and what you learned from that trade

That's what I did, and you'll be amazed at how quickly you start noticing trends. You'll especially start to see your mistakes in black & white, and if you can eradicate them......you're on your way to success
newbietrader
Posts: 91
Joined: Sun Nov 02, 2014 10:54 am

how unlucky can I be :( was trading liverpool game and made 0.10£ then had an open trade layed liverpool at 2.02 then had to go out so thought fnxk it its gonna jump one tick above in just 5 minutes of game, liverpool scored 2nd minute saw it cashed out half stake just to see palace making it 1-1 :(
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to75ne
Posts: 2439
Joined: Wed Apr 22, 2009 5:37 pm

hopefully you will learn
newbietrader wrote:how unlucky can I be : :(
if your gonna trade then trade. if you wanna go out for a minute, then go out but dont trade.

no offence but you deserved to lose as you was glib with the market. if you have no respect for a market then it will kick you in bow locks.

your fault no discipline.
newbietrader
Posts: 91
Joined: Sun Nov 02, 2014 10:54 am

to75ne wrote:hopefully you will learn
newbietrader wrote:how unlucky can I be : :(
if your gonna trade then trade. if you wanna go out for a minute, then go out but dont trade.

no offence but you deserved to lose as you was glib with the market. if you have no respect for a market then it will kick you in bow locks.

your fault no discipline.
I actually layed at 2.02 then it wasn't moving anywhere was just staying there so I thought it will drift as match starts, was not expecting goal that fast mate
marko236
Posts: 737
Joined: Fri Jul 12, 2013 11:54 am

your fault no discipline.[/quote]
I actually layed at 2.02 then it wasn't moving anywhere was just staying there so I thought it will drift as match starts, was not expecting goal that fast mate[/quote]

In time you will learn not to let your trades go inplay, most of us have been there :oops:
hope you didn't lose much.
newbietrader
Posts: 91
Joined: Sun Nov 02, 2014 10:54 am

marko236 wrote:your fault no discipline.
I actually layed at 2.02 then it wasn't moving anywhere was just staying there so I thought it will drift as match starts, was not expecting goal that fast mate[/quote]

In time you will learn not to let your trades go inplay, most of us have been there :oops:
hope you didn't lose much.[/quote]
nah mate using 2£ lost about 0.90 pens lol would not let it go in play if it was 20 or 200, I find it hard to focus maybe coz its so small that I'm like fnck it let it go in play will see what happens
newbietrader
Posts: 91
Joined: Sun Nov 02, 2014 10:54 am

good day trading today made almost 3£ :)
marko236
Posts: 737
Joined: Fri Jul 12, 2013 11:54 am

newbietrader wrote:good day trading today made almost 3£ :)
If your using £2 stakes, you'v done really well.
newbietrader
Posts: 91
Joined: Sun Nov 02, 2014 10:54 am

marko236 wrote:
newbietrader wrote:good day trading today made almost 3£ :)
If your using £2 stakes, you'v done really well.
yes 2£ stakes marko :)
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