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quarta-feira, 30 de março de 2011

Maximize your gains with what you already have

first of all, hello guys

Ok the title looks good but how can we do it?
Its simple if you are with a good profit, just work with that profit. The question here is, do you want to risk part of your profit or not. Depends on your style of trading. I like to work in the third set cause i have a good read of the games and big profits can come from it but when i started i had mine biggest losses in the third set and the reason is obvious, the risk is higher, everything can happen. So here is an example to maximize your gains with what you already have, or one way to work in the second or third set:

First set:
I try to read the game and apply Tradeshark's strategies.
Imagine i had a good first set with 40% of stake(just an example) of profit. I hedge and lets say that i have  200 € in both.

Second set:
I see an oportunity to lay the player that won the first set. He can be tanking, too much unforced errors, there are many reasons but you got to have one, don't enter without a reason.
I back the player that lost the first set with the 200 € in the player that won the first set.

Imagine that the odd of the player that lost the first set is 2.5.
im now 0 in the player that won the first set and 700 in the other player
Imagine the player that lost the first set wins the second, and his odd is 1.6 now. So u now added 180 € and you have 380 € in the player that won the second.

And you can do this for the third set. Remember to control your greed.
A stop loss is recommended if in the second/third the market goes against you. For example put a stop loss when u lost half of the profit.

I am sucessfull a lot of time with this so give it a try.

If you are starting trading forget what i said before and learn the basics first. Work your consistency before working for money and just work in the first set. Think in doing quality trades over many trades. When i say quality i mean respecting the stop profit/loss of the strategy ALWAYS. When in doubt of respecting the strategy, ask this to you, "Do i want trading for a living or part-time for many years?" if your answer is yes, reply yourself "yes i want, so im gonna respect the strategy in every way otherwise ill be gambling and in some time ill be in bankruptcy. There are no exceptions, so I'll always respect the strategy!" 

good trades

if u liked the post, or not, comment it. Share your thoughts/ideas.

r9

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