Ideas:
quinta-feira, 27 de outubro de 2011
"keep real money with you"
The strategy is simple but very powerful. Keep real money with you while trading. For example if you use 100 € stakes keep 100€ in money with you where you can see it. What is the objective here? The objective is to remind us that we are trading real money, and while 100 € can be a low stake in our mind while trading if we keep the real money our mind will clearly see that its a lot of money and we have to play defensive, protecting it, protecting our bank and that is the best mindset. Defensive doesnt mean you wont take opportunities, its like when you drive a car, you must have a defensive driving to protect yourself. In this case its the bank. One should focus on protecting what you have.
This way you are going to stay much more focused because you know are risking that 100 € in real money that you have in front of you.
good trades
terça-feira, 25 de outubro de 2011
Tennis trick - Get some extra control (break near the end of the set)
If there is a break near the end of the set there are a lot of times where we can stay till the end of the set. There is always the risk of a break back, so we have to be careful and pay attention to the stats of the player we are backing. If we get the set we have some control with some green and can give a chance for our player to break in the second set. This trick can be very profitable in wta because if our player gets the first set and the breaks are more probable in wta, the probability of having a break in the second set is bigger then in atp.
sábado, 22 de outubro de 2011
Improve your stop loss system - Stop Loss systems
-50%
Leave the match when you are -50 % is an option for a stop loss system.
Recovery point
This is a subject that im still developing in my trading and studing but i think i can tell you the main idea. If you do a freestyle trading (different strategies at different times) its very benefic to search for your max point to recover your red. I'll give you one example.
For example:
Imagine that you trade for a long time and you decide to improve your stop loss system(imagine its the "leave when -50%").
For every match you start to record the biggest red you had at some point of the match and the final result that can be the biggest red or some other result and the max red you can have for the match is -50 %.
Imagine that you trade one match and in the end of the first set you are with -30% and in the end of the second set you have -10%. You have to record these variables. - 30 % is the point of recover.
After one month(more time to study -> better) you will check your best point of recover, that is basically the last point where you will have a chance to recover and if your red raises above that limit you get out of the match. You can apply math to choose the best point. In the long run this will probably save a lot of money.
Just one idea that you can start applying.
three in a row
Compilation of possible routines for better trading
Pre-trading:
Sport (as long as you dont feel tired to trade)
Meditation - check the book (Relax,focus)
10 minute toughness System (focus, motivation)
Choose tennis matches (planning)
Create a trading plan for the matches (planning)
During trading
Software (quicker actions)
ATP World tour livescores (stats)
"don't know how much money i have" (trade relaxed, changing focus to the process, not result)
"keep real money with you" (improve focus, defensive mindset..)
Water bottle
Keep Rules with you (guidance)
After trading
Sport
Meditation - check the book (Relax,focus)
Sleep 8 hours
quinta-feira, 18 de agosto de 2011
Protection for big favorite strategy
"Big favorite strategy:
Close your trade right after 1st set. why? Normally big favs win by 6.3 , 6.2 , .. and they will sometimes relax a lot because they think, " i can beat this guy with minimum effort" and they start playing with very low effort. And if they lose the set like they do a lot of times, they will trade higher then the start price and sometimes in the second set we are just looking for 4 ticks max and there is no value in that.
"
good trades
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