Wednesday 5 May 2021

Scaling up and accepting losses

Yesterday I found an interesting article about scaling up the stakes: How to handle beeing a profitable Sportstrader

To be honest I was thinking about rising the stakes after a month with a decent profit. Last time I wrote about the organic growth of a balance. Probably is the only successful way for handling bigger stakes. Time will help in two areas. First the system is approved after a big amount of trades, second the slowly rise of stakes is a good way to get used to higher amounts.

Beside it´s very important to accept losses, even the best ones have bad periods: Daily25

To reduce the variance and bad luck of a single outcome, I started to trade parallel. Sometimes I trade four matches at the same time. This is one of the big advantages which brings an automated trading system. Mentally it helps, because the next chance for a profit will come very soon. Sometimes just one point decides if a trade brings good profit or a loss. Especially these moments are easier to digest when you know that the next opportunity is just around the corner. 

Actually it just happened in the match between Koepfer and Garin, where the German missed two break opportunities for a big profit. Now I am looking for the next (better) trade...








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