Hello traders, Yesterday i was trading Ebden vs Baghdatis. Baghadatis looked very fat and and ebden looked very consistent on the first games. We all said that Bag price was very low @ +-1.44 (cant remeber the price) but because we are in the beginning of the season, its better to wait some games to see players' performance. Wait for a good entry. Ebden broke and he had one game left to complete the set. We are all +- with 30% and i decided to stay and the students asked me why i would do that? Why to risk 30 % thinking in the second set? Well, in my opinion it was a good trading opportunity to stay for the second set and see player's performance because like i said Bag looked out of form and fat and Ebden was with great stats. I told my students to leave the match because they look for more consistent profits since they are learning and i was a bit more agressive. Conclusion: Ebden let Bag have 3 bps on the last game with 100% and 75 % stats and then Ebden saved them all and hold for the set. I got out at break point for a very small red. Conclusion: Frustration ? No, in the long term i will be in profit because i was looking for a profit of +100% and in my opinion the probability was on my side considering the indicators. It's not a question of greed, it's just watching very good opportunities considering the indicators. Bag went to win the match but had to work a lot and it was not easy.
So some things you can try to develop:
- Follow your intuition but only when you have very good chances, not simple chances. Dont follow it many times while learning. Be careful risking money in this trading style, because you can get frustrated losing money, if so you have to work on that and take more consistent profits and risk less.
- Be agressive with greens and play safe with reds.
- Check stats.
- Dont get frustrated with short term unlucky.
- Leave unpredictable matches.
----------------------------
Trading tip
If you already have a very good day, trade with lower stakes. You will be tired in the end of the day and your focus will not be the same so its better to lower stakes if you already have a great day and you if dont feel 100 % but want to continue trading (trading after work for example).
---------------------------
I am very happy that the special offer allowed a lot of people to be a member of students blog and for the readers interested email me to babypuntz@gmail.com if you have questions or add me on skype like many readers did.
If you have questions about tennis and other sports feel free to email too.
good trades
r9