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**HOW TO MAKE MONEY IN HERE? TRADE.

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By:
yellowarmy17
When: 07 Mar 12 20:23

Mar 7, 2012 -- 6:30PM, scara_manga wrote:


Similar to what I do . When you enter a trade then a goal is scored before you can exit what do you do?


trader - when this happens what is your exit strategy?

By:
Trader11
When: 07 Mar 12 20:37
Didn't see that one, sorry.

If that happens, then I exit immediatelly with a loss.
By:
yellowarmy17
When: 07 Mar 12 20:42
so if you were betting with say $500 then you would take a $20-$25 loss?
By:
SPOT THE DOG
When: 07 Mar 12 21:01
could we see a more detailed bet ie bought at this sold at that and at what stake thus giving a profit of £££
By:
pix3l
When: 07 Mar 12 21:09

Mar 7, 2012 -- 8:42PM, yellowarmy17 wrote:


so if you were betting with say $500 then you would take a $20-$25 loss?


0.4% of 500 is 2

By:
martin19842
When: 07 Mar 12 21:27
trader

it was meant to say do you trade every day??

interesting answers,

i usually go for 2 ticks, but if there are 1's to be had i hoover those up as well.


martin
By:
martin19842
When: 07 Mar 12 21:27
trader

it was meant to say do you trade every day??

interesting answers,

i usually go for 2 ticks, but if there are 1's to be had i hoover those up as well.


martin
By:
yellowarmy17
When: 07 Mar 12 21:28
that is what i thought but if a goal goes in after you have just placed the bet it won't let you get away with that small loss!
By:
martin19842
When: 07 Mar 12 21:32
trader

are you backing at the LAY price ??

and vice versa.
cheers

martin
By:
Mr.Angry
When: 07 Mar 12 21:33
I could be winning much more if I concentrated full time and with more infraestructure.

The answer is simple.  Use some of your winnings to build the infrastructure you want.  Quit your job.  Go 100% full time.

If you cannot afford to do that then you don't know what your talking about.  Get to that stage, then come back here after having done it for 5 years and tell us how good you are.
By:
yellowarmy17
When: 07 Mar 12 21:45
bit harsh!!
By:
Mr.Angry
When: 07 Mar 12 21:47
Cruel to be kind.
By:
pix3l
When: 07 Mar 12 21:49

Mar 7, 2012 -- 9:33PM, Mr.Angry wrote:


I could be winning much more if I concentrated full time and with more infraestructure.The answer is simple.  Use some of your winnings to build the infrastructure you want.  Quit your job.  Go 100% full time.If you cannot afford to do that then you don't know what your talking about.  Get to that stage, then come back here after having done it for 5 years and tell us how good you are.


which infrastructure?

By:
RonaldinhoRAT
When: 07 Mar 12 21:50
Mr.Angry
07 Mar 12 21:33 Joined: 05 Jan 11

Get to that stage, then come back here after having done it for 5 years and tell us how good you are.


If i'm still reading this sh1t in 5 years i need shooting.
By:
last-one-let-me-down
When: 07 Mar 12 21:53
i agree Ronaldinho rat but most of us are true addicts and probably will be here in 5 years sadly....
By:
RonaldinhoRAT
When: 07 Mar 12 22:04
Not me, cant wait to jack it all in too boring, 152,000 markets is enough betting to get it out your system.
By:
Mr.Angry
When: 07 Mar 12 22:07
Holy cow!  152,000 markets!
Shocked

Way more than me.  And I've been feeling the drag too.
Sad
By:
last-one-let-me-down
When: 07 Mar 12 22:09
you will never jack it in!
By:
RonaldinhoRAT
When: 07 Mar 12 22:12
All manual as well, my fingers hurt.Laugh
By:
RonaldinhoRAT
When: 07 Mar 12 22:13
Im sure my win per market is way below yours though unfortunately.
By:
Mr.Angry
When: 07 Mar 12 22:16
Only 10K markets here.  Most are Match Odds, live games only.
Even that I find too difficult!Laugh
By:
Mr.Angry
When: 07 Mar 12 22:16
But your lifetime P&L probably double mine.
By:
RonaldinhoRAT
When: 07 Mar 12 22:17
double u25k i know that.
By:
Mr.Angry
When: 07 Mar 12 22:19
Could you do it all again?  I know I couldn't.  Not sure whether it's being too tired of it all or if markets really have changed (+SuperPC, etc)?
By:
RonaldinhoRAT
When: 07 Mar 12 22:23
Its been the most amazing 10 years, i was a humble betting shop manager done good/ got lucky but i've grinded like a maniac and wouldnt change a thing.

no couldnt do it again.
By:
Trader11
When: 07 Mar 12 23:28

Thanks yellowarmy and pix3el for pointing it out.


Ok, FFS, mixed up bank % and stake %.
Screwed it up on excel, sorry.

The origin of the mistake is that I have a very slow plan to grow my bank, that is 0.2% of bank per day as weekly average.
Most days I do more than that, I consider it a bonus.

Let me fix that little mess:

Most of the time I trade with $500 as a stake.

If the trade is successful I win 1% of my STAKE, if it goes wrong then I lose between $9 and $20, which is 2% to 4% of STAKE. Or in other words 0.1% to 0.2% of BANK.

Therefore, for those who messaged me and confuse "stake" and "bank", I only risk between 0.1% and 0.2% of BANK per trade.
It is a tiny liability if you think about it.
Every trade taking an average of 2:30 minutes, I managed to increase my BANK by 4.29% in the last 10 days by risking a very small part of my bank.

Protect your bank and take whatever winnings you can take. That is the part that gamblers doesn't like, but traders should follow.



I will ammend part of the opening post:

I "only" make 1% of my stake per trade.

Most people doesn't even bother with that kind of profits, but when you are trading with $500 to $1000 stake (like I do), it really adds up. Trading with this stakes doesn't mean you are risking your entire stake, with my trading system I never risk more than 4% of stake. Less stress, less risk, and the bank grows everyday.

Risking between 2% and 4% of my STAKE (or 0.1% and 0.2% of BANK) per trade I managed to increase my BANK by 4.29% in the last 10 days.
By:
bananaoasis
When: 08 Mar 12 00:40
http://www.youtube.com/watch?v=atEx6ZOX51s
By:
Billy_Sastard
When: 08 Mar 12 23:58
interesting thread.  just seeing it now.
By:
Trader11
When: 09 Mar 12 00:27
Billy,

If you scroll down the football forum you will find another thread with the same name, that one is updated since this thread has errors in the opening post. You can disregard this one.
By:
pjbfs
When: 09 Mar 12 00:34
Trader can you explain a little more?

I don't understand how you use a 500$ stake and when you only loose between 9$ and 20$....
By:
pjbfs
When: 09 Mar 12 00:35
Sorry i made a mistake..

Trader can you explain a little more?

I don't understand how you use a 500$ stake and when you loose you only loose between 9$ and 20$....
By:
pjbfs
When: 09 Mar 12 00:35
Sorry i made a mistake..

Trader can you explain a little more?

I don't understand how you use a 500$ stake and when you loose you only loose between 9$ and 20$....
By:
Trader11
When: 09 Mar 12 00:38
pjbfs,

DISREGARD THIS THREAD, SCROLL DOWN THE FORUM AND LOOK FOR THE THREAD WITH THE SAME NAME.


You will find your answer.
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