Loss to Profit and How?

[JustLukeYou]

Hi,

Has anyone gone from making a loss a football trader to becoming profitable? If so how please?

Did you take certain courses or learnt certain skills.

[CallumPerry]

Have you checked out modelling markets or any of those other google searches I gave you? Have you stopped blindly following YT videos yet? I don't mean to sound patronising but until you do, you will not be profitable. A lot of people, myself included, go through this moment when you realise it's actually harder than it looks.

Yes, you can be profitable. IF you stop doing what everyone else is doing. Take inspiration from YT vids but have your own ideas, if not you are destined to waste a lot of your time. How can we help? What's your next move?

[greenmark]

I only bet on games I watch. I make a profit if I am patient about entering the market and disciplined about exiting.
No courses, just experience of playing (recognising player body language) and decades of watching football.

[JustLukeYou]

Tried trading today but was to tired so really struggled.

I have watched around 50 videos on sports trading and I have ordered Caan Barry's book. The thing I confused about is that one site says that it is essential that you watch the match live where but no one else on this forum agrees with that. If you are not watching the match how do you know when to make a trader?


I need to learn how to manage a bank also.

[JustLukeYou]

I only bet on games I watch. I make a profit if I am patient about entering the market and disciplined about exiting.
No courses, just experience of playing (recognising player body language) and decades of watching football.

I followed that process early in the week and was doing well then got disrupted by the international football break. Some games like Inter v Juventus it was as if I could predict the future.

[CallumPerry]

I could scribble down a few notes if you're that determined enough to throw money away by buying Caan's stuff. You can not make profit by blindly copying something written in a book or on the internet; if you've already watched over 50 vids I'd say you already know enough to get started. The next step is framing your trades, coming up with your own ideas and trialing them with minimal stakes or collecting data to back test these ideas of yours. YOUR ideas, nobody elses.

As for bank management, perhaps only enter a trade with a Back bet for now and use 2% of your bank. See if you can make a decent R.O.I for a whole month, gets hundreds of markets worth of experience. Just jump in the deep end and play the markets. Worst case scenario, you lose £20/£50. That's investing in your learning that's FAR more value than any book.

[Derek27]

Tried trading today but was to tired so really struggled.

I have watched around 50 videos on sports trading and I have ordered Caan Barry's book. The thing I confused about is that one site says that it is essential that you watch the match live where but no one else on this forum agrees with that. If you are not watching the match how do you know when to make a trader?


I need to learn how to manage a bank also.

If you keep watching YouTube, reading books and looking at forums you're bound to see different and opposite views. The best way to learn, once you've learnt the basics, is from your own research and mistakes. Look at your bad trades, consider what you could have done differently or how you could have changed your approach with the knowledge you had at the time. Think carefully about each strategy - don't just jump from one to another.

You've been engaging in a lot of discussions and instruction but are you actually putting in an equal amount of time in practising trading?

[MemphisFlash]

Your first mistake is ordering Caan Berry's book.
you won't learn much from that.

[Emmson]

There is a better trading book on Amazon written by a former attendee of a Peter Webb's course. How do I know this? because he told us on his blog.

https://waynebaileyracing.blogspot.com/ ... peter+webb


I don't think we are allowed to post links for products for sale so I won't.

[ShaunWhite]

Has anyone gone from making a loss a football trader to becoming profitable? If so how please?

Did you take certain courses or learnt certain skills.

Nobody starts by being profitable.

I think you've been watching and reading a lot but not much is actually being absorbed and understood. Someone posted links to Paulo Rebelo's channel, even just that should have given you enough to think about for a month. And the next day you want even more information. You have already been told how to be profitable but you have failed to understand how because you are not taking the time to try and understand.

[footysystems]

Being profitable at football trading/ Betting is really hard indeed but you can only do it using what you come up with yourself following others like Cann is not the way too go if it was that easy we would all be doing it.

You also need to stay away from games in Arabic, African and some south AMERICAN countries loower leagues like Tercera leagues in Spain where teams are very unpredictable.

Set yourself some goals Myself i set myself £25 per hour min each hour i trade.

Stake well so you dont do your bank in.

Learn from your trades bets.

Collect data on trades you have had i have found some teams just dont cut it as most of my trades are inplay you begin to get a feel for teams when you look back at your data. They flatter to deceive.

A lot of time building data sets but makes you profitable....

[Kai]

Has anyone gone from making a loss a football trader to becoming profitable? If so how please?

Did you take certain courses or learnt certain skills.

Nobody starts by being profitable.

I think you've been watching and reading a lot but not much is actually being absorbed and understood. Someone posted links to Paulo Rebelo's channel, even just that should have given you enough to think about for a month. And the next day you want even more information. You have already been told how to be profitable but you have failed to understand how because you are not taking the time to try and understand.

I think Shaun is bang on the money here, this is your biggest issue. It was always going to be a process no matter what you do, but if you're constantly bombarding yourself with new information (especially conflicting information) and not absorbing any of it then it's probably going to be a long and arduous process. Randomly buying horse racing books suggests that you're already slowly giving up on football and looking elsewhere.

[JustLukeYou]

I did try Paulo Rebelo's channel but I was struggling to get anything from it.

Caan Barry's videos have been very useful. For example, he talks about not setting high targets and instead finding value.


Also, why would I give up on football. I know nothing about horse racing. This morning I placed 40p and won £1.21. I notice profit margin and I was very confident I would profit.

[Kai]

I did try Paulo Rebelo's channel but I was struggling to get anything from it.

Not sure how that's even possible unless you don't make a genuine effort to try to understand them, he goes to extreme lengths to over-explain the core concepts needed for this trading approach with numerous examples. In one of those videos he even involves 2 random grandmas to really get the point across There seems to be a little pattern here, you've already struggled to understand a few very good posts from various people but have decided to ignore those posts because of that, like you've probably done with Paulo's videos.

But don't you see, the things that you struggle to understand are exactly the things that you're missing! Instead of skipping the hard part that is exactly where most effort is needed because you finally have an opportunity to learn something important, and the more alien this concept seems in your head the more you need it. If you're only looking for stuff that's easy to understand and apply then you're probably out of luck with trading football. You can avoid the real issues at hand all you like but no matter what path you take they will all eventually lead to those same issues and core principles, if you want to be profitable.

Also, why would I give up on football. I know nothing about horse racing. This morning I placed 40p and won £1.21. I notice profit margin and I was very confident I would profit.

You keep mentioning that, but one trade does not a trader make Have a look at your P&L after 100 trades and if you're showing a profit then that's a much more important piece of information that should give you a bit of genuine confidence and not false one.

[JustLukeYou]

I will try Paulo Rebelo channel again but I have watched around 50 videos on football trading so I wasn't sure he would have something unique to say and considering it is not in English I didn't want to commit to much time to it.

What unique points does he raise?