"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. " Warren Buffet.
"Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars."
Warren Buffett
And the most important one:
"I always knew I was going to be rich. I don't think I ever doubted it for a minute."
Warren Buffett
Monday, 1 November 2010
Warren buffet speech
Be someone in life! Great speech by Warren buffet!
Most importantly trade in what you understand, and get advantage of it!
Most importantly trade in what you understand, and get advantage of it!
A million bucks in 10 days!
If you invest a hundred unit stake at Betfair (dollars, pounds or euros) what might you achieve? LOL. Just firing up my open office spread sheet I see that if a person achieves a modest 25% return per trade than they reach the magic 1 million mark in 42 trades. Tennis matches return 25% quite regularly and 5 to 10 matches can be traded per day quite easily. In 50 trades they have omg – over 7 million in cash! How cool is that? Must tweak my trading techniques a bit!
Seriously though this does show the importance of having a financial blueprint at the heart of your trading strategy. Why not write yours down and pin it up by your computer? Something like”My strategy gives me 10 percent of bank per trade and I do 5 trades a day”. If you are not achieving it start working on your technique. And work on those numbers till they do work for you. Good luck.
Seriously though this does show the importance of having a financial blueprint at the heart of your trading strategy. Why not write yours down and pin it up by your computer? Something like”My strategy gives me 10 percent of bank per trade and I do 5 trades a day”. If you are not achieving it start working on your technique. And work on those numbers till they do work for you. Good luck.
Why no bet is often the best bet
Trading is technically speaking very simple. In fact it is ridiculously easy to make a lot of money. Some people though find it extremely difficult to get the hang of. The reasons are almost always emotional lol. In particular a lack of patience. Some people seem possessed of an unquenchable thirst to be in the market doing something all the time. The thing is we need to match the type of trades we want to do with the circumstances in which to do them. If we want to be swing traders who back strong favorites when they get behind then that is what we do. We just wait for those. And they keep coming. But it is no good getting in from work, logging in, getting restless and just diving into the first thing you see because you are restless. The suicidal urge just to get into the market because of boredom or impatience is a lethal personal characteristic. If you suffer from this you need to get it under control or quit trading.
Thats it. Patience. A Zen like calm. It’s like fishing. Just wait. Then wait some more.You can train yourself into this type of patience. Each time you do it you become stronger. And once you feel the joy and benefit of receiving far higher odds than everybody else you find waiting becomes second nature. Then you are a Trading Master!
Thats it. Patience. A Zen like calm. It’s like fishing. Just wait. Then wait some more.You can train yourself into this type of patience. Each time you do it you become stronger. And once you feel the joy and benefit of receiving far higher odds than everybody else you find waiting becomes second nature. Then you are a Trading Master!
A day in the life of a tennis trader
A couple of guys asked me to write about my life lol. Not sure that is a good idea. It doesn’t matter what my life is like. The question is what would yours be like if you could earn the money you needed in a few hours a day? Nor does it matter how much I make. What can you make?
But every since I was a kid I understood compound interest. And simply by taking 5% per match anyone can build a workable bank and achieve a great lifestyle. I often set my trades up to net 10%. That allows a good margin for error for trade outs and unexpected events. My key skills really are keeping my losses down to almost zero and the patience and discipline to be satisfied with small regular stress free returns. Being able to plan and implement exit routes from bad trades is absolutely mission critical. Once I stopped losing money i started earning money !
But the only way to find out what it is like is to have a go. Good luck.
Join classes now and learn how to trade
Join betfair and get 30€ free:
But every since I was a kid I understood compound interest. And simply by taking 5% per match anyone can build a workable bank and achieve a great lifestyle. I often set my trades up to net 10%. That allows a good margin for error for trade outs and unexpected events. My key skills really are keeping my losses down to almost zero and the patience and discipline to be satisfied with small regular stress free returns. Being able to plan and implement exit routes from bad trades is absolutely mission critical. Once I stopped losing money i started earning money !
But the only way to find out what it is like is to have a go. Good luck.
Join classes now and learn how to trade
Join betfair and get 30€ free:
How to make money by trading tennis matches
This system exploits the fluctuations in price that occur during a tennis match. There are three things which will have a big impact on the price of the two players.
1. Break points, or even more of an impact from a confirmed break
2. Winning a set
3. Any sign of a player being injured and liable to retire
The price fluctuations are to my eyes out of proportion compared to the actual chances of a player eventually winning or losing the game, and this is where the system comes into its own.
The rules of the system are as follows:
1. Only bet in mens games run by the ATP, where there is in-play betting offered by Betfair. These are easy to find just go into the tennis section of the Betfair site, click on the coupons tab, and then click on 'Today's in-play tab').
2. Only bet in matches where the price of the favourite is between 1.20 and 1.50, if there are many matches in a day that fit the bill then tighten this to 1.30-1.40.
3. You have to be able to put a bet on the underdog when the match goes in-play so make a note of the start time of the match on the 'Rules' tab for the match. CAUTION - Matches quite often do not start at the stated time, they could get delayed by weather or a previous match overrunning, so you have to be flexible enough to be able to check regularly when the match is likely to start. You can get a clue by studying the order of play and live scores.
4. Before the start of play you need to check the prices offered by all your active bookmakers by using. You select the book offering the best price for the favourite. You then use my trading spreadsheet to calculate your stakes. Enter the odds for the favourite into cell i6, then calculate your required stake for the underdog, by putting odds into cell h6, gradually altering them until the net profit shown in cell k10 is 15% (or just over).
5. So now you place your bet on the favourite with the chosen book (which could be Betfair, or any other of your active books), this can be done several hours before the match starts. Then when the game goes in-play you place your bet on the underdog at the calculated trading odds.
http://www.puntersrealm.com/?module=displaystory&story_id=722&format=html
1. Break points, or even more of an impact from a confirmed break
2. Winning a set
3. Any sign of a player being injured and liable to retire
The price fluctuations are to my eyes out of proportion compared to the actual chances of a player eventually winning or losing the game, and this is where the system comes into its own.
The rules of the system are as follows:
1. Only bet in mens games run by the ATP, where there is in-play betting offered by Betfair. These are easy to find just go into the tennis section of the Betfair site, click on the coupons tab, and then click on 'Today's in-play tab').
2. Only bet in matches where the price of the favourite is between 1.20 and 1.50, if there are many matches in a day that fit the bill then tighten this to 1.30-1.40.
3. You have to be able to put a bet on the underdog when the match goes in-play so make a note of the start time of the match on the 'Rules' tab for the match. CAUTION - Matches quite often do not start at the stated time, they could get delayed by weather or a previous match overrunning, so you have to be flexible enough to be able to check regularly when the match is likely to start. You can get a clue by studying the order of play and live scores.
4. Before the start of play you need to check the prices offered by all your active bookmakers by using. You select the book offering the best price for the favourite. You then use my trading spreadsheet to calculate your stakes. Enter the odds for the favourite into cell i6, then calculate your required stake for the underdog, by putting odds into cell h6, gradually altering them until the net profit shown in cell k10 is 15% (or just over).
5. So now you place your bet on the favourite with the chosen book (which could be Betfair, or any other of your active books), this can be done several hours before the match starts. Then when the game goes in-play you place your bet on the underdog at the calculated trading odds.
http://www.puntersrealm.com/?module=displaystory&story_id=722&format=html
Blackpool-West Brown
Delivering
Join classes now and learn how to trade
Join betfair and get 30€ free:
Sunday, 31 October 2010
Great win tonight!!
Very nice profit tonight!
Join classes now and learn how to trade
Join betfair and get 30€ free:
Monday, 25 October 2010
Trading
Remember, making money on trades is very easy, if you know how to enter a market correctly. The most wide and best market is tennis, so in my site I show how to make good money, if you are really interested to learn, send me an email to jdelcastillo91@hotmail.com and I will give you some classes. Remember you can live out of this, but you must have solid reasoning and don't get pushed by emotion.
Join classes now and learn how to trade
Join betfair and get 30€ free:
Join classes now and learn how to trade
Join betfair and get 30€ free:
Subscribe to:
Posts (Atom)