Daily update/ Trading classes update

Hello traders, how are you?


Another day, another trade. Today was not a great day for me on tennis. Made a good profit in Stosur match that was  very tricky and lost some in Roger match (-120 €). Roger match was actually a very easy one to trade if you waited for the last sets, knowing that DP injury was conditioning him, but this time i did not figured it very well and i decided to dont risk more money because i was really tired : )

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I have a lot of people interested in the tennis guidance packages but i would like to say that if you want to take the guidance this is the moment to apply for it because i think i am not going to do it after this year and there is a lot of people interested and i can't give lessons to everyone at the same time.


The new prices for the package guidances are:

Babypuntz students area - 75 £
15 days - 350 £
30 days - 700 £

So, why the price updates?
In order to help the students 100 % via skype, i have to decrease my stakes to half. I planned to spend initially one hour/day with the student but sometimes i can talk up to 3-4 hours with a student and do up to three live matches on the most busy days and if i'm not tired.


So what's the value?
Listening the reasons for the trades and all the planning and decision making of someone with 4 years of experience of trading tennis and that aims to 4 digits everyday. Learning about all the subjects.


good trades
r9

Funny moment of the day - Kaia Kanepi

The blog would like to congratulate Kanepi for finishing the match after so many match points wasted lol.
Great sessions with the students. Great matches to learn a lot of topics.

With Craig and Paul ( 10 %)

With Nikolay ( after being - 25 %, great session, ended 3,7% ) 

trading alone after 

Join our trading group

Skype: richard.nine

richard(dot)nine 

Trading plan

I was updating my trading plan and i thought it would be a good idea to share this with you,

Trading plan template by Tim wilcox.

Link

Some advantages of using it(taken from the pdf)


• Relaxed, stress free trading that is simpler with a plan than it is without one
• Ability to monitor your progress, diagnose faults and amend the plan accordingly
• A plan helps to prevent many psychological issues from taking root
• A plan that is adhered to strictly will reduce the number of bad trades
• A plan will help prevent irrational decisions in the heat of the moment
• A plan enables you to control the only thing you can control - yourself
• Professional traders are highly disciplined. A plan will instil a large measure of
discipline into your trading. Gamblers tend to lack both discipline and a plan
• A plan will enable you to trade outside your comfort zone. How many times have
you let a loss run and cut a profit short because it was the comfortable thing to do?
A plan, executed with discipline, will help to prevent this from happening
• A plan is your roadmap which will enable you to get from wherever you are now to
wherever you want to be – i.e. consistent profitability
• The template (and, by implication, your plan) – is designed in such a way that if
you do take a ‘wrong turn’ on your roadmap, you will know about it very quickly
and have the opportunity to correct the problem before losses spiral out of control


Treat your trading like a business. Don't Gamble.


r9

Improvements for a better trading (focus, intensity)

Hello traders, how are you?

Today i would like to give a quick tip about something that helped me to trade better and to keep a good focus and intensity during the day. You will think that the idea is crazy but it helped me a lot. 

I used to have a very comfortable chair, a very expensive one, and i thought it was very good for me, but it wasn't. I can be 50 % more productive with a cheap chair as long as it is good for your back and its not very very comfortable the way you would not sleep. One thing that i learned some time ago is that one of the ways to change your mental state is the way you use your body physically. For example. That expensive and very comfortable chair made me very comfortable, so, i would have a very comfortable mental state, and my attention would be in "comfortable mode", rather than "alert mode".

For the people that say, "oh you need a very good chair that is very very comfortable because you will have back pain sooner or later" i would recommend doing more physical exercise that includes back exercises. One hour/day at least. 

Good trades guys and try the idea.

r9

Trading softwares / never quit what you love. change instead/ free time section

Hello traders, How are you?

This is a great time to test new softwares in order to choose the one that has more value. I have always been a fan of a single window with all the tools to trade and i thought that i had that belief but i really missed geeks toys  when i tried other softwares. Its not because im used to it, its because it enables to place things that i want on the place that i want with the colours i want... I really missed my graphs :D . I use just two monitors and i want to keep it that way and geeks toys allows me to organize everything very well. Geeks toy gets my vote. Whats your trading software? leave a comment.

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I like to read a lot. It's food for the mind and the source of many ideas. Today i read a post on a forum about someone that is going to quit trading because he is very "unlucky" and "works a lot".

My first question would be, Do you love trading?

If you do, quitting is not the answer. 


"Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Catch the trade winds in your sails. Explore. Dream. Discover" – Mark Twain

Do you want quit something that you love, really? Do you want to be very old and regret not making some things differently?

He says that he is unlucky. Let me tell you something. Success is self-created and you have to own your mistakes and failure and move on. If you were "unlucky" it's because you have made a decision towards it and if you are trading, luck and unlucky must not be in your dictionnary a lot because its not a game of luck.
So what's the best attitude that we can have and that helped me a lot when i started. We have to be more HONEST. Most people have a lot of pride and a perfect self-image and thats not correct. If you want to have success and if you are starting trading, you have to be honest to say that you arent a trader and you are willing to learn. Practising honesty is fundamental.  Its very important for something to change.

Steve Jobs: How to live before you die

http://www.ted.com/talks/steve_jobs_how_to_live_before_you_die.html

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Babypuntz students - I will update today a new strategy that i learned in a book to keep the intensity and focus all day.

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Free time section

Riveting talks by remarkable people, free to the world

http://www.ted.com/

Horse racing days/ Update of babypuntz students info post

Screenshot from the best race today. Started the day very slow and decreased the stakes. When you are still slow and not focused always decrease your stakes and when you are trading very well increase them but always respecting money management. Not my best result (near 100 €) but  my idea for this post is to give some motivation to the people starting. There is a lot of competion in horse racing and you need some months (at least)to develop the feeling of the market. I have been trading it for 4 months now and everything just can get better.

Pre live trading

I will start writing some articles about horses, greyhounds and nba on the students blog.If you are interested in joining

send me an email and i will give you the info.

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I updated the babypuntz info post with a small FAQ for the readers that are interested in joining.

Click here

good trades 

r9

ps: I will post a nba value example with my thoughts today if someone comments ;P

Horse racing tips - pre live trading (stop loss)

Hello guys,

today i would like to talk about something important in horse races. Im not sure its important for every horse trader but its very important to my trading style at least. What is that?

Set a max risk per race. Its a very basic rule but very important one. Basically i have a limit that tells some thing like this " Richard, if you get to this point you dont have another opportunity to enter in the market" but its important to set a max risk that gives you the opportunity to make more then two trades at least.

My personal max risk per race is 10 % of the liability, and i usually use three stakes (liability in geeks toy). For example if i use 3 positions of liability of 300 € my global max risk is 30 €. Most of times i lay horses, so its my personal style and there are traders that use other money management styles.

The idea of this post is to alert you that for most of the trading styles its important to know when to stop, so find the best risk for your style. How do you find it?  Experience in the markets with your trading style.

good trades
r9

Must watch documentary "trader"

A lot of wisdom from one of the top traders.

trader - paul tudor jones

Trading times/Tennis trading tips/Horse racing tips/ Free time section

Hello guys, How are you?
I have been very busy lately and thats why i rarely post something new.

There is a lot of people that asks me if i continue trading in tennis? Of course i still trade in tennis but not as many matches like some years ago. Lately i have been doing 2 to 3 matches/day, normally the ones with more money and using normally 4 digit stakes. The reason i do this is because at the moment i can profit more in horses in less time and the risk is very small. A normal tennis match can last > 1 hour, and there is a horse race every ten minutes for +- 4 hours and liquidity is not a problem.

Tennis trading tips (common errors that i see)

I see a lot of people trading regular atp/wta tournaments with the same style of grandslams' trading and thats a big error because the conditions are very different. The same for men and women trading.

Another important tip. 15.40 is not as profitable as some years ago because markets changed (more money and knowledge), so dont enter in every 15.40 and create indicators.


pre live Horse racing tip

the less time until beginning, the swing is stronger. invaluable advice.


Who wants a free time section ? :D


Free time section

Movies
It's a different movie, different style, but i enjoyed it.


Martin, a mercenary, is sent from Europe by a mysterious biotech company to the Tasmanian wilderness on a hunt for the last Tasmanian tiger.

Series


Best tv serie so far in my opinion

Game of thrones

Seven noble families fight for control of the mythical land of Westeros.

MUSIC/YOUTUBE VIDEOS


This video is top! If you are a nba fan you will know its meaning LOL

Great music from gemini. Increase the volume ;P

good trades
if you want to talk with me add me on skype
or email me
r9

Dunk of the year? / tip

Huge play!

February is coming and unfortunatelly i will be one year older (23). More responsability. I am saying this because my tip today is about responsability/discipline. How strong are your decisions? For example when you say, "today im not going to eat bad food" do you respect your decision or just get bored after some minutes and start to eat bad food again? A good way to start to get some discipline is to practise the power of your decisions and dont let any bad thought make your decision more weak. After some time you will get a huge control of your behaviour.

good trades

r9

skype: richard.nine

email: babypuntz@gmail.com

Tennis trading session (case study) / Trading tip / Students

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.

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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).

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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

Special offer

Hello traders,

All the material of students blog  for 35 € (-15 € ) or 75 € with two live classes and one theoretical class and you can chat with me anytime (you already can do it ;P).  Like i said before, that i would lower some prices if there was a lot of people interested to be accessible to everyone. Guidance packs are still available and they include total guidance.

Edit: i forgot to say that you can use the donations button to process the order and write your email in the details.


Good trades

Reviewing trading/ Mental Strategy/ Free time section / Readers blogs

Hello guys,
I have been doing a lot pre horse racing trading and im loving it. Its like a big puzzle that you have to solve. And its very important to have other markets to trade apart from tennis. The picture that i posted is about reviewing your trading. I was reviewing today's trading and thought that could be a good picture to post to say that its very important to review your trading especially for pre live markets in which you have to be able to read the movements. For anyone interested in starting trading horses i would recommend to use training mode because you will probably lose in the long term.
The software is camtasia.

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Mental strategy

No expectations- I was talking with one blog student about this subject yesterday. Its important to go trading markets without expectations. Why? you will get emotional. I really try to avoid saying and wanting things like " i want to make 1k today". Because if one does it and doesnt accomplish it, becomes disappointed and/or starts gambling. Practise it. Say and feel something like this: "Today im going to give my best and i will accept the market's result"

Free time section


Funny video:

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Readers blogs


Send me your blogs via comments. I will read them and comment when i have some time and its always good to get ideas. You would be impressed with the amount of ideas i get from blogs.


good trades
r9

Darts trading/ Trading tip

Hello guys, trading Darts World Championship
Unfortunately Lloyd was better in the decisive moments and there was not a surprise.
Some matches coming later so why dont you try it?
I basically look for the player with more consistency to trade. I prefer matches with big favorites because big swings are not so probable and you can use bigger stakes with less risk, normally. It's important to choose the matches that suit your style.

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Trading tip-
know when to exit - for example,
in tennis you have a favorite that wins the first set and breaks in the second with four games left to win the second set @ 1.03.  I see many people that stay just for the three ticks and that is very bad especially in low rank wta.
Basically, a good exit point is when your player has to do a lot just to win a very small number of ticks. Learn to identify these situations.
Nba can be another example. if your team is 12 points ahead and it is not a strong favorite and the price is already very low and if there are 2 and a half quarters left to play, maybe, leaving its a good decision. Because  the price is already low and the other team can comeback very easilly because some teams tend to relax when they have a good advantage.

good trades
r9
babypuntz@gmail.com
skype: richard.nine