Hi
All can someone direct me in the right direction of organising ones bank size. Adam Heathcoate was making 0.25% when he started, was this of his Capital or tick size. I am quite good at achieve 10 tick swings say 60% of the time, but i feel that should be a bonus size, is not the goal 5 ticks for swing trading. I never scalp the 4.0-6.0 market , usually can get those to swing for 4 or 5 ticks. But is this 0.25% what you earn before greening up or after. Can somebody enlighten me or is there a email for Adam to answer questions and query’s
Adam what is the 0.25% factor to the bank size??
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
I think that 0.25% was the return he made on his turnover. So say he matched a total of £1000 he'd win £2.50 from it in the long run.
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
I had a chat with Adam this morning (I've been trying to get him a Champions League Final ticket)
The 0.25% was return on his profit!
BTW, he didn't get the ticket!
The 0.25% was return on his profit!
BTW, he didn't get the ticket!
Adam may have got his numbers wrong (unless his ROI has increased since he wrote his blog).
If you divide his profit by his published turnover (http://4.bp.blogspot.com/_EmNMGa10fIc/S ... /p%26l.jpg), surely the correct figure is 0.16%.
Jeff
If you divide his profit by his published turnover (http://4.bp.blogspot.com/_EmNMGa10fIc/S ... /p%26l.jpg), surely the correct figure is 0.16%.
Jeff
JollyGreen wrote:I had a chat with Adam this morning (I've been trying to get him a Champions League Final ticket)
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
Yes he may well have got them wrong but the salient point is profit on turnover.
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
He trades from time to time but he is running his new business. health & Fitness Travel
Big Betfair Mysteries:http://sportstradinglife.com/2011/05/bi ... heathcote/
I personal have my own views,but Adam is good for BA. The same as Peter puts up his good trading day profit but never his losing trades.
So come up Peter show as your reds you talk about it but never show us.
I personal have my own views,but Adam is good for BA. The same as Peter puts up his good trading day profit but never his losing trades.
So come up Peter show as your reds you talk about it but never show us.
Ah, that great British tradition of trying to knock people off their pedestal! 
People should be less dismissive of Adam's claims, and more critical of their own views about what is and isn't possible. If Betfair were running in the States, there would be 100 Adam Heathcotes, because there is a 'can do, will do' culture, rather than a cynical one which uses disbelief as an excuse for inaction...
Jeff
People should be less dismissive of Adam's claims, and more critical of their own views about what is and isn't possible. If Betfair were running in the States, there would be 100 Adam Heathcotes, because there is a 'can do, will do' culture, rather than a cynical one which uses disbelief as an excuse for inaction...
Jeff
bilko wrote:Big Betfair Mysteries:http://sportstradinglife.com/2011/05/bi ... heathcote/
I personal have my own views,but Adam is good for BA. The same as Peter puts up his good trading day profit but never his losing trades.
So come up Peter show as your reds you talk about it but never show us.
Whose spin would you like me to put on it?
It's quite clear what you and the author of the article were driving at...
Perhaps you should devote your energies to replicating Adam's success, rather than finding reasons to believe that it's an illusion...
Jeff
It's quite clear what you and the author of the article were driving at...
Perhaps you should devote your energies to replicating Adam's success, rather than finding reasons to believe that it's an illusion...
Jeff
bilko wrote:Once again Jeff you are reading what you wish to and putting YOUR spin on it.
For the record, again, Adam was never anything to do with us other than being a user. When he wrote to me asking if I could link to his blog I did so without knowing just how good a trader he was. Anybody who says anything different is just stirring it unfortunately. I've linked to loads of blogs in over the many years I have been around. Just because a few of them stood out doesn't mean anything.bilko wrote:So come up Peter show as your reds you talk about it but never show us.
I don't think its a surprise to see Adam doing something else. You only need to reasonbly successful to realise that betting exchanges are not scable in the same way businesses or financial markets are. So it makes sense to diversify if you have been lucky enough to make some good money.
As for losses. I've currently got three on my P&L today out of the first twenty races, -27, -13 & -17. Not very exciting or revealing I'm afraid!
Less often than people think Bill. Happy to share information if people want, I've nothing to hide.
When I do course I show people my most recent P&L so they can see all the ups and downs and get an appreciation of what a real P&L looks like.
When I do course I show people my most recent P&L so they can see all the ups and downs and get an appreciation of what a real P&L looks like.
Last edited by Euler on Sat May 28, 2011 5:02 pm, edited 2 times in total.