Tuesday, 16 September 2014

Millions by the Minute


Have just watched this show on Iplayer.

Its ok, but, was interesting from a few standpoints.

Firstly, the traders featured, were declaring expected daily win rates, of maybe $1-2k. I thought this was low, but leave that aside for a moment.

Its does highlight, that most successfull traders, don't often have home run wins, where they win a gazillion. Instead, they tend to repeat, smallish type wins. Obviously, the smaller wins have less risk, and add up.

This is a methodology I tend to repeat in my sports trading. I do have home runs, but, rarely lose .. at least lose a lot .. and, it does add up.

If u get a chance, read the 'Wizard' books, by Jack Schwager

.. http://en.wikipedia.org/wiki/Market_Wizards

They are interviews from super traders, and their methodologies are worth reading.

It was also apparent traders feel they can now trade from home, on, a not uneven playing field, and if u search youtube, u will find many traders, showing videos of how they trade.

I have often wondered what 20 hours of a successful sports traders videos would be worth .. probably quite a lot, but, its hard to make people think its worth it  (if they are gonna pay, for the privaledge).

I like the route, Mark Iversen has taken with CricIntel.


By trying to get a different revenue stream, it protects poor trading periods, and maybe brings more people to the market.

I am not sure, the market is big enough .. I hope it is .. and for now, am buying the info packs.

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