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Post by smash on Dec 15, 2007 16:52:07 GMT -5
I've done a little bit of trading, myself, and I haven't done badly...but I can't help thinking I can do a whole lot better, and feel a little more confident about what I'm doing.
I'm familiar with the main trading techniques - e.g. back high, lay low etc...but I'm looking to improve my money management techniques.
For instance, when EXACTLY do you start trading a match? How much of your bankroll are you prepared to set aside for one match? Will you lay down that amount immediately, or gradually unload on the match as the games go by?
More importantly, what are you doing that makes you successful long-term (i.e. able to cope with losing)?
Any tips would be very welcome. Thanks!
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Post by sLOw on Dec 16, 2007 14:52:16 GMT -5
Hey Jez,
I look at the following things before I consider to trade an event:
- Coverage of the event - Liquidity - Inplay markets only
It is VERY important that you can make fast decisions when you trade inplay, fast hands are helpful as well.
I use Betting Assistant as main aid, it is a great piece of software which allows you to do so much. It would cost you 5£ a month which is indeed a bargain. (www.gruss-software.co.uk) You'll get a 30 day free trial version to get the feeling how to use the tool.
As for the staking, I don't actually use a staking plan at all. There will be situations where I will be "all in" at least for a couple of seconds. I green out once I've made about 5-10 ticks inplay and take the red at the same amount of ticks going against me.
I will trade all matches played on a televised or at least C. court. Analysis should be made carefully as you will find yourself going against your analysis sometime if you expect a player to get a great start.
A good strategy is to lay the winner of the first set when he was the dog prematch, this will allow you in most cases to back him at +10 ticks once the actual favourite gets into the match.
I will post my trades and my results in my trading thread.
Cheers
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