Staking @ $x per tick

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Charon
Posts: 70
Joined: Tue May 25, 2010 1:09 pm

Pete Nordsted gives an staking advice in his book. With the staking it's advisable to aim at $ per tick (page 41). Meaning (i.e.) stake $100 for odds 1.01-2.00, $50 for odds 2.02-3.00 etc. My question: how do you decide what is the 'aim'. I guess it's a percentage of the bankroll?
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Euler
Posts: 26437
Joined: Wed Nov 10, 2010 1:39 pm

No, he took this staking system from us. It's the auto stake function on Bet Angel.
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Charon
Posts: 70
Joined: Tue May 25, 2010 1:09 pm

Euler wrote:No, he took this staking system from us. It's the auto stake function on Bet Angel.
Okay. But what is a 'smart' aim?
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Euler
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You start with say, a bank of $500 and a defined profit of say $1 tick per trade. At the end of day one you have $550 so on day two you use $1.10 per tick.

That way your bank compounds in a definable, rather than haphazard manner.
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Charon
Posts: 70
Joined: Tue May 25, 2010 1:09 pm

Euler wrote:You start with say, a bank of $500 and a defined profit of say $1 tick per trade. At the end of day one you have $550 so on day two you use $1.10 per tick.

That way your bank compounds in a definable, rather than haphazard manner.
Maybe I'm not very clear in my english. Sorry for that.

On which base you say that $1 per tick is good for a $500 bankroll. Why not $2?
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Euler
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Joined: Wed Nov 10, 2010 1:39 pm

OK

It depends on your trading style. On my most aggressive type of trading I can't risk an individual stake of more than around 2% of bank. So that would be $10 in this case.
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mugsgame
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Joined: Wed Mar 25, 2009 11:41 pm

Pete is on Twitter @petenordsted
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