Apr 7, 2014 -- 3:55PM, SabineIsGOAT wrote:
halved the bank in 2 days, it's just an endless circle
SavineIsGOAT is saying something that should be obvious if you look at your old threads.
There are factors that causing you to swim in circles.
The dogs: I can only go by what I see and that is you have never made money on dogs. It gives you a 'fix' of a good day then goes nasty on you. "But I love the dogs". Well, I love NHL hockey but rarely bet on a sport that involves a 3 inch rubber disc that is played on ice by men on skates.
No stop loss: You are aloud to have a losing day. But 30%????? or more????? You need to value your gains. You need to say 'well done' and then focus on keeping that money.
Now, look at the positives:
After 13 days, you have averaged a gain of 11% a day.
You won't be able to sustain that. So don't try.
Try the live stop loss. From bet to bet, whether it be five in on the day or fifteen, if the live stop loss (start + gains) times 5%) goes below 5%, walk away from THAT sport. Clear your head then take on the next (i.e. horses in the afternoon, football in the evening).
Try it for ten days - No dogs and stop loss. Do the horses, do the football, enjoy life in between.
If you can't walk away with a loss on the day, you certainly won't be able to walk away with a profit.
Apr 9, 2014 -- 4:24PM, RioGrande wrote:
£100 a day is very good wage by the way. cant u win that a day or somthing
It is, especially if you can do it in thre to four hours.
Not many 'small businesses' can start with a £1,000 and generate that sort of income after two to three weeks.
But no one seems to grasp that.
Undern even mentions that £12.50 gains can add up. You're right. 8 plays the entire day scores the 100.
But it is having the discipline of finding the 'right 8 plays' or having the awareness to ramp down until the right play comes.
Whether posted on here or on their own, people set out with 'goals' for their challenges. But no one follows any guidelines (perhaps myself included). And no one learns on the short term.
More importantly, money aside, one has to value their time which I personally believe is a valuable commodity, one that goes beyond wage and earnings.
One also has to learn that the strategies and approaches in business are different from when it goes from the opening with 1,000 to 5,000.
I also wonder if part of the problem is when one makes quick gains. And because the balance was larger, one does not see the problems (I went through this with my business). In this case, I sincerely believe the dogs not only ate the gains but distracted the focus on where abilities could have lead to a steady income stream.