General Betting
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Contemplating a few different things at the moment and one of them is the area of trading. Now obviously I've greened out/cut losses etc in the past but never proper trading. What software do you guys use?
I currently have a 9-5 job so I'd be able to devout around 10 hours p/w I'd say. Also my starting bank would be around the £1k mark. What strategy do I adopt? Can you link me to some good articles etc? What sort of profits should I be aiming for with this bank?
Thanks for reading!
I currently have a 9-5 job so I'd be able to devout around 10 hours p/w I'd say. Also my starting bank would be around the £1k mark. What strategy do I adopt? Can you link me to some good articles etc? What sort of profits should I be aiming for with this bank?
Thanks for reading!
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what sports are you in too? Some sports lend themselves better to trading than others i.e tennis,cricket,darts
At the end of the day trading is still gambling so you better have some edge or your unlikely to succeed. Good Luck |
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What software do you guys use?
I use my own software that I've built. What strategy do I adopt? You should adopt the strategy of trying to make as much money as possible. Can you link me to some good articles etc? Read this: http://www.amazon.co.uk/Art-Computer-Programming-Fundamental-Seminumerical/dp/0201485419/ref=sr_1_1?ie=UTF8&s=books&qid=1269558082&sr=8-1 What sort of profits should I be aiming for with this bank? As much as possible. Preferably over £5k/week. |
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Main focus is on football but also dabble in other markets (gaelic football)...
5k? :D |
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use v small stakes to start and build up. you have to put time in to understand this stuff. gl.
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Thanks Jim. What are we talking about, 5%?
10 hours pw is probably not near enough to make anything decent is it? :( |
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Stick to microstakes initially whatever your bank, it's easy to get in over your head trading.
Stick to games you know and can read. Most of all stay clear of cricket, that ways lies the poorhouse. |
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dont agree ror...cricket is where its at ...and as its a long term thing, its easier to get out if its turning against you....the volatility is great, ten ticks for a boundary, 5 ticks for a dot ball and as for a wicket???
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cricket is one of the better sports to trade, but like everything you have to be a loser to learn, ya not learn fack all chatting on here, pain is a lesson!
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in other words , you have to pay to learn, everyone else had too.
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Oh I completely agree the trading in cricket is amazing, but you'll get hammered if you don't know much about cricket. Don't forget for every winner there's a loser!
A little bit of being able to follow a cricket game helps identify times when the market under/over value teams for great trading, but trading it "blind" is a mug's game. That's why a if you want a trial by fire hop in on the IPL action, around 35-40 games left, with 1 or 2 games a day, and we're now seeing up to £8mil matched on the match odds for each game. But I'd recommend watching the games and markets without trading that while trading something more 'tame' or a sport you know. |
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good advice
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trading is like being in a giant goldfish bowl there are a few great whites a few more tiger sharks,then porbeagles,hammerheads,makos, then spurdogs,dogfish and bullhuss the money is spread about between them in pecking order occasionally 1 in 100 people join the sharks and depending on ability settle on their level in the pecking order,the rest are eaten.
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£2 trades are the way to go if ya wanna learn, keeps you intrested ! ya learn more when ya money stolen by some pirate , then you will become a pirate my friend ;)
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and god help the sticklebacks :(
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greedy pirates, dont last long ;)
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alfee greed catchs most like people who are fooled by things like the next italian fixed drawer just to be topical,my best advice would be to stake sensibly on what you no about but since the joining date of the original poster is 2002 i guess they no that.
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ah yes slow learner, else seeks attention.
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Heh, thanks for the replies guys! Any good articles/guides out there to help me start off or do I just go solo?
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http://www.geekstoy.com/forum/forumdisplay.php?f=44
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http://geekstoy.com/forum/index.php? is an excellent trading community. There's always someone there to help you out and answer questions. Have a look around and don't hold back with any questions.
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