In Running Trading is fun, and I make a couple of quid most days, but my dislike of risk means that I often miss the larger profits (I guess that also saves me from larger losses) and I'm not convinced that I should be spending all week trading for less than I can earn in half a day working as a builders mate...
I also have a job for 5 months and lots of skiing to do starting in a few weeks time...
So I think it is going to stay a hobby until April just doing a couple of days a week when I have nothing else to do for between £5-£20 stakes, after which I will decide if there is any future in it as a proper income.
What I have found by pure chance is that one of my selection systems for Back to Lay produces a fairly steady gradient on the P&L chart for the last 24 months with no significant drawdowns.
So I'm going to be starting with a £200 bank and trialling it using 1% stakes (ratcheted up after each day, min £2 max £50)
If it continues to be successful I might decide to post up my selections one day a week or something.
I will still do some more In Running Videos once my stakes are up to £20 level.
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yeah as Caan has recently been figuring and I'm about to do the same, it pays dividends to take a job and go P/T trading sometimes. I imagine yu'll get more enjoyment out of allowing yourself bigger risk-limits, less often - and playing to yr strengths at the right time... rather than plodding on with low-yield/low-risk strategies 24/7 that u can tire of in the long-term.
ReplyDeletewud be great to see another vid or 2 of yu trading in-running, the last one was a real help for me, not that we do much differently but with something to compare with I saw ways to improve my approach, having started IR trading this year with varying success :) Ron