Advice - Bank Building and attitude!

5 - 10% pd. forget it. That's impossible

max per day 1%

on a grand bank its a tenner (£9.50 inc comm), if you want a score a day.
save up another grand!

5% to 10% per day , are you serious that is impossible and will never happen.  You need to get realistic and take each day as it comes. Slow and steady wins the race.

I'm over the moon,and I've just broken level after 46 yrs.
and thats after riding my first winner in 1970.

Took me only 18 mths to lose my claim.

I don't understand you mention things like

"I try to stick to a plan, such as never more than 30% of my bank, trade out and aim for 10% increase per day.

I tend to do ok, but then the greed monster breaks out and i end up putting it all on stupid things!!!"

If your system is ok and you can make 10% per day why is the "greed monster" breaking out. If you put £100 into your account and make 10% per day and don't make any withdrawals you only have to wait about 100 days before you become a millionnaire. Can't the "Greed Monster" wait 100 days!

I would say have a good look at your system in place and be honest, is it really this "Greed monster" or maybe a flaw in your system that is holding you back, and maybe you aren't quite on the right track yet.

I tend to do ok, but then the greed monster breaks out and i end up putting it all on stupid things!!!

What help and advice would you give me.

Stop putting it all on stupid things.

Packed up after 2 hours dossing around.
+ 0.28%

Thats ok for the effort which was minimal

There was a piece in the Financial Times about a year ago regarding a major fund that claimed they could return up to 20% in a year on this site. That should put things in perspective for you,whether they did or not i couldn't tell you,maybe someone else might know.

bring in a partner, keep with the strategy that you win with and because your sharing your account you wont bet on stupid things. works for us.

tbh, the OP sounds like a recreational gambler to me.

Do you guys think its feasible to make money on this!

Not massive amounts just enough to get by, and hopefully make back what i lost!!

MissingRibOfPrince
Date Joined: 19 Mar 06
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When: 13 Feb 11 17:36
There was a piece in the Financial Times about a year ago regarding a major fund that claimed they could return up to 20% in a year on this site. That should put things in perspective for you,whether they did or not i couldn't tell you,maybe someone else might know.


I guess you mean Centaur.

The funny thing is that it's not at all scalable. The success is attracting gullible investors, who don't realise that no-one can deploy tens of millions on here and make a high percentage gain. If they were able to do that, they'd eventually make more than all other winners on Betfair combined + Betfair themselves.

If someone could enlighten me on what the level of funds were that they achieved their returns, I would appreciate it. Have a look at their performance charts, and you'll see that almost all their gains were made in early years (obviously with a tiny amount of capital relative to what they are using now).

Yes,Centaur

Marydiva12 Joined: 11 Feb 11
Replies: 2 13 Feb 11 19:03 
Do you guys think its feasible to make money on this!

Not massive amounts just enough to get by, and hopefully make back what i lost!!

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yes, but not betting the way you do.

Not the Centaur?

http://www.asa.org.uk/Asa-Action/Adjudications/2008/1/Centaur-Global-Ltd/TF_ADJ_43760.aspx

What is a good way to do it!! i know thats the answer we are all looking for, but what is your technique!!

Yes the simple answer is find a strategy that works or you know that works and then stick to it. Do not deviate, just stick to it. And if you get bored of sticking to it, try sticking to it some more.

Until you find a strategy that works keep your bets very small and use all your focus on trying to find something that works. Oh and keep records of profits and losses, otherwise you'll never really know if what you are doing is working or not.