New Posts For Thread: Average Loss:Win Size Ratioshttps://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratiosDo any traders who keeps detailed records have the ratio for their average loss to average win size? I suspect that most traders cut winners too short and let their losers run which would result in the average loss size being larger than the averageU.A. It's a hobby that brings in a little extra cash. I certainly don't view it as a job. Some people play video games and X-Box in their non-working time - I play with numbers and probabilities. It keeps me out of trouble.One issue I have with tradihttps://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratios?post_id=535716415#535716415U.A. It's a hobby that brings in a little extra cash. I certainly don't view it as a job. Some people play video games and X-Box in their non-working time - I play with numbers and probabilities. It keeps me out of trouble.One issue I have with tradiMon, 30 Sep 2013 11:03:18 -0500Hello there cpfc4me. Still sounds more of a part-time job than a hobby to me, but as I am an honest man (honest), I shall take your word for it when you call it a hobby.Yes of course things like bank size and effort and risk taken (although I think rhttps://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratios?post_id=535695689#535695689Hello there cpfc4me. Still sounds more of a part-time job than a hobby to me, but as I am an honest man (honest), I shall take your word for it when you call it a hobby.Yes of course things like bank size and effort and risk taken (although I think rSun, 29 Sep 2013 06:23:40 -0500CPFC. Is it just the U.S sports you play? 'I don't believe that how good a trader you are can be measured by profit size alone. Someone making £200 is not necessarily a better trader than someone making £100. There are other factors, bank size, strhttps://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratios?post_id=535690943#535690943CPFC. Is it just the U.S sports you play? 'I don't believe that how good a trader you are can be measured by profit size alone. Someone making £200 is not necessarily a better trader than someone making £100. There are other factors, bank size, strSat, 28 Sep 2013 18:51:42 -0500Hi U.A. - Yes, this is definitely very much a hobby for me. The nature of the activity and the risk of potential regulatory changes, (a ban of in-play betting for example) mean that it would be highly irresponsible and short-sighted to give up a carehttps://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratios?post_id=535685257#535685257Hi U.A. - Yes, this is definitely very much a hobby for me. The nature of the activity and the risk of potential regulatory changes, (a ban of in-play betting for example) mean that it would be highly irresponsible and short-sighted to give up a careSat, 28 Sep 2013 13:53:13 -0500Hello there cpfc4me.It sounds to me like it is more than a hobby, especially if you are talking overstaking and with emotions of fear.Just out of curiousity, if there are other people trading and going through similar emotions and processes then howhttps://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratios?post_id=535676895#535676895Hello there cpfc4me.It sounds to me like it is more than a hobby, especially if you are talking overstaking and with emotions of fear.Just out of curiousity, if there are other people trading and going through similar emotions and processes then howSat, 28 Sep 2013 08:07:23 -0500Why do you think that you can sense a price that is wrong when you place your original bet but not when you place your counterbet.Because I am not totally detached when it comes to trading. When I am out of a market, with no exposure, it's relativelyhttps://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratios?post_id=535672275#535672275Why do you think that you can sense a price that is wrong when you place your original bet but not when you place your counterbet.Because I am not totally detached when it comes to trading. When I am out of a market, with no exposure, it's relativelySat, 28 Sep 2013 00:25:03 -0500Hello there cpfc4me. You state that "When you watch enough games, you develop a sense for when the price is wrong". You also state that "I suspect that I cut my winners too short and let my losers run too long".Why do you think that you can sense ahttps://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratios?post_id=535627765#535627765Hello there cpfc4me. You state that "When you watch enough games, you develop a sense for when the price is wrong". You also state that "I suspect that I cut my winners too short and let my losers run too long".Why do you think that you can sense aWed, 25 Sep 2013 06:52:35 -0500Which comes back to my initial point about win:loss sizes being relevant to win:loss numbers.Which is the better trader?One who makes lots and lots of small wins, one or two big losses, and comes out in profit.One who makes a similar number of wins thttps://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratios?post_id=535614829#535614829Which comes back to my initial point about win:loss sizes being relevant to win:loss numbers.Which is the better trader?One who makes lots and lots of small wins, one or two big losses, and comes out in profit.One who makes a similar number of wins tTue, 24 Sep 2013 10:03:16 -0500By the way, this might also be relevant to the discussion:I take on more risk when I'm winning than when I'm losing. In 2013 my avg winning week is 4.24x my average losing week, and I win in 63% of weeks.2012 winning week 1.71x losing week winning 74https://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratios?post_id=535613713#535613713By the way, this might also be relevant to the discussion:I take on more risk when I'm winning than when I'm losing. In 2013 my avg winning week is 4.24x my average losing week, and I win in 63% of weeks.2012 winning week 1.71x losing week winning 74Tue, 24 Sep 2013 09:10:02 -0500Your example of closing a market with a tiny profit is indeed exactly what new traders tend to do. They take a position, the market moves in their favour, and they can't wait to lock in a profit. The result is lots of small wins, but the same traderhttps://community.betfair.com/general_betting/go/thread/view/94082/30078567/average-losswin-size-ratios?post_id=535611525#535611525Your example of closing a market with a tiny profit is indeed exactly what new traders tend to do. They take a position, the market moves in their favour, and they can't wait to lock in a profit. The result is lots of small wins, but the same traderTue, 24 Sep 2013 07:20:14 -0500