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Date Joined: 09 May 09
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Trading and Gambling £100 to ?

Originally posted in forums

29 Apr 12 11:10
OK have decided to post my trading results here.
Why?
Previously had very sucessfull trading accounts under various usernames (an also some terrible experiments!).

I think I have now got the discipline and balance between pure gambling and trading correct. My last effort I turned £100 into £8000 before quiting (Liquidity starts becoming a problem at this point for me).

In order to prove myself that I can do this consistantly I am going to attempt to post my results as I go, purely for my own benefit, self satisfaction and discipline. I am very thick skinned and fully expect to get slagged etc - will try my best not to rise to it.

Some before pointers to my methods:

1) Mainly trade to get out a profit before a game or race and will settle for a loss to protect my bank. Aim to make small profits with each trade and get out early if the market goes against me - this often means I miss out on potentially profitable trades but thats just my method

2) Do gamble also with a martingale (but modified) system to regain losses.

3) Tend to lay below 2 and back over 2 - have lost much previously on 'sure wins' and gained masses on outside chances - psychologically it is terrible to back 1.1 etc and lose but winning by laying such results feels great! Also feel that is where the value lies - the unexpected happens more often than the odds suggest.

4) Reserve the right to aftertime etc My time is very limited - cant spend all day on here and will sometime make decisions on the fly - this is purely for my own benefit and I make no apologies if I dont post here first.

Oh....and I nearly always trade out when a result goes my way. Too often caught out by a profitable gamble turning into an unprofitable one. Always take the money when you can.

Starting bank £100.
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