Blew over half my bank last weekend - need advice!

[ShaunWhite]

here re my 3 cents

limit your self to 2-4 trades per day
keep your stakes to a small % of your bank
never do otherwise

3 cents worth? That's 50% more than most people give, thank you for your insightful and comprehensive contribution. Kai and Derek should take note.

[jamesg46]

here re my 3 cents


limit your self to 2-4 trades per day
keep your stakes to a small % of your bank
never do otherwise


good luck

Some solid advice that! 3 cents well spent imo... who would have thought that was people's issues all along.

I've read the post and never replied because there was already some very good advice given... but then you & your 3 cent pop up with a magic formula like that & suddenly I feel the heavens have opened up. It's pi**ing down with good fortune today.

[Derek27]

here re my 3 cents

limit your self to 2-4 trades per day
keep your stakes to a small % of your bank
never do otherwise

3 cents worth? That's 50% more than most people give, thank you for your insightful and comprehensive contribution. Kai and Derek should take note.

I have done. I'm reducing trading time by 12 hours a day after receiving Nivi's advice. One market is all I need for my new trading quoter.

Pics of milf mother to follow.

[trader44]

"One market is all I need for my new trading quoter"
made me chuckle

[ShaunWhite]

Pics of milf mother to follow.

Mine's 86.
I'll dig out some of the saucy silhouettes and etchings she did in her glory days.

[Derek27]

Pics of milf mother to follow.

Mine's 86.
I'll dig out some of the saucy silhouettes and etchings she did in her glory days.

Think mine is a year older but I don't think he's interested in pictures of younger women.

[nivi7]

3 cents worth? That's 50% more than most people give, thank you for your insightful and comprehensive contribution. Kai and Derek should take note.

once you wrote an amazing joke
that kai and derek,those useless trolls,spend time of their valuable lives
man that joke was dope

cos we all know they do not have life
they re spending their time trolling on the internet

[Derek27]

3 cents worth? That's 50% more than most people give, thank you for your insightful and comprehensive contribution. Kai and Derek should take note.

once you wrote an amazing joke
that kai and derek,those useless trolls,spend time of their valuable lives
man that joke was dope

cos we all know they do not have life
they re spending their time trolling on the internet

What exactly's the problem Nivi? A couple of months ago you were interested in football and staking strategies. You've now appeared out of the blue just to attack and insult people you haven't even spoken to for two months, without provocation, on a thread that you wasn't even part of!

Has anything happened or not happened in your life that sparked this off?

[greenmark]

Re: the OP , I reckon if things go pear-shaped, go back to paper bets.
You lose zip and can learn.
That obviously doesn't work with proper trading, but that's about being able to read market dynamics (which I cannot).

[Emmson]

Are contentious threads keeping this forum alive?

[Derek27]

Are contentious threads keeping this forum alive?

Perhaps in early January. The Australian Open is just one of many events that will leave requests of milf mother pictures by the wayside.

[Kai]

Are contentious threads keeping this forum alive?

Don't think so, this thread already had 8 pages before nivi got involved.

It may appear like the forum feels most alive when there's a bit of drama going on, but it's more about contentious people than contentious threads. It's normal that people who blatantly disregard the forum netiquette standards for one reason or another clash with those that adhere to it.

The mods are honestly more than forgiving, you'd really have to be a special case to not be able to even reach the bare minimum requirements of basic netiquette.

[spreadbetting]

Are contentious threads keeping this forum alive?

Contentious threads or posters?

[Alexander_99]

Over the last 4 days I have watched around 40 matches and traded in 35 of them, executing 65 trades overall. My profit is around £20. This is starting from my reduced bank of around £200. So now I have £220. My average liability per trade was around £5, save for one match where it was nearly £25 (and I squandered it)

The match where I completely screwed up was in Spanish Copa Del Rey, Cacereno vs Eibar. I expected Eibar to win, but their odds were pretty low, around 1.8, so I lost control and not wanting to "miss out on a sure thing" foolishly laid Cacereno instead at odds of 8.6, for around £25 liability, thinking that there's no way they will score. However, they did (score first). So i traded out for like £14 loss. Should have just held my nerve - the final score was 1-2 (Eibar won due to a last second Cacereno own goal). This cost me around 6% of my bank. And also did another stupid mistake in another Copa Del Rey, where I tried to follow a certain trend, and lost further 3%.

Save for these 2, all other trades were ok, but could have made much more profit, as I again missed a few decent chances like previously.

So much work and time spent for a measly £20. Lol.

You guys keep saying that i watch / trade too many matches, but how are you supposed to look for value without actually seeing the match? Given that there are so many matches continiously broadcast, I don't know how to do this without trying to watch as many as possible simultaneously...

What I observe is that most of my profits come from getting these so-called late jackpots. Other techniques like "following the trend", or getting in early in the game, only either usually give a very small return, or even losses. I think that's to be expected though. If you keep making trades/bets that have a low reward : risk ratio, like 1:3, say, then naturally you'd need plenty of wins (and I can't seem to be able to get plenty of small wins to make up for one trade which goes against me).

By the way thanks for your suggestion Jukebox about making a note of my judgement calls with a likelihood attached to them.

[ShaunWhite]

You guys keep saying that i watch / trade too many matches, but how are you supposed to look for value without actually seeing the match? Given that there are so many matches continiously broadcast, I don't know how to do this without trying to watch as many as possible simultaneously...

You're not looking to trade as many games as you can, you're looking to trade as many games as you can trade optimally. You made £20 for trading 40 games, how do you know you wouldn't have made £30 if you'd traded 30, or made £50 if you'd traded 10 ? If you'd traded 50 would you have been showing a loss?

You're suffering from at least 2 key psychological flaws you'll need to eliminate as a new trader, 1. Fomo and 2. Over confidence.

1. Fomo in that you want to trade as many games as you can because you assume the ones you miss will be the ones you would have won on.

2. Massive over confidence. You're still learning the ropes but think you can do that on 10 simultaneous games. You've still got your stabilisers on but expect to keep up with Carl Fogerty in the twisty bits. You say yourself that you 'lost control' and it ended up costing you 41% of your wages. (assuming that without the £14 loss you'd have been on +£34 not +£20). 41% of your wages is a big loss caused by over trading...you say yourself that you didn't want to miss out on a 'sure thing'... see point #1.

People have said this several times, it's quality not quantity. That's not a special trading 'thing' it's just life, if you take on too much you'll not do any of it very well. Unless of course you're different and you can do 10 things at once like a pro after a short warm up? The other thing people have said is that success requires discipline (including all the stats stuff to measure your own effectivness) it's not about zipping from one market to the next like a blue arsed fly trying to bet on anything that moves, as you are finding out.