People who are reading my blog from the start, know by now that one of my bigger concerns is to keep safe my bank.
Keeping the bank safe is helping the trader to avoid anxiety and depression of losing his capital. Ok I know nobody wants or like to lose but the fact is that the plurality (more than 95%) of punters all over the world are losing money every day, more and more till they end consuming their whole bank.
Trading before the start of a match is not a practice that can make the trader wealthy in a week or in a month or in a year but surely under the condition that the trader is following with discipline some "safe" rules, can help keep and why not build up his bankroll. Some punters believe that is easier to generate steady and significant daily income from a big bank than from a small bank.
In my opinion, if a trader is not disciplined, then pre-match trading is needless and can as well as other betting strategies lead him to bankruptcy.
so...:
- ...test your strategy. Testing will lead you to...
- ...set clear rules on your strategy ( for example set your stop loss to some specific ticks, find the factors you can rely before opening your position, set a percentage of your bank that you are going to trade with e.t.c.) and...
- ...keep yourself disciplined following your rules.
"self-discipline"
Remember you cannot win every day and is inevitable to lose...so try when you lose not to destroy your bank...and something else also important...
...don't try to catch your losses, stop, reconsider, study what went wrong and trade again the next day.
Hello, interesting blog and theory to learn.
ReplyDeleteBut can you be more specific on
1 how you choose matches to trade on?
2 when you open and when you close your positions on a match? You just say great movememnt or trend and in your updates say about final odds before kick off. No words about closing or opening your position and why?
3 Is it possible to show any statistics?