Naked Chart Based Trading PRM style "LESS IS MORE"

Discussion in 'Journals' started by JSSPMK, Dec 5, 2016.

  1. Some of FA cup results were a bit unexpected.
    Given the money that premier league clubs crazily invest in players, shouldn't they still outperform financial strap clubs like Milwall even with their reserved players?

    Ipswich drawing with Lincoln is also shocking result.
    Not to mention New Castle drawing with Birmingham. New Castle is still playing with the premier league players under world class coach. They have also heavily invested in their squad,
     
    #131     Jan 7, 2017
  2. JSSPMK

    JSSPMK

    Cup games are always a tad unpredictable as stronger teams put bench players on when playing lower league teams, this was my prediction for today, as singles/doubles/trebles would have been solid.

    [​IMG]
     
    #132     Jan 7, 2017
    victorycountry likes this.
  3. JSSPMK

    JSSPMK

    Last edited: Jan 7, 2017
    #133     Jan 7, 2017
  4. JSSPMK

    JSSPMK

    I've just trebled my Sky Vegas pot playing Blackjack implementing PRM (2 hours play) briefly touched upon previously. Each stake equals 1% of the pot (if pot is £100 each stake is £1), when pot goes to £200 stakes go up to £2. Double upon a win (never double upon a loss), reset back to 1% stakes after a third consecutive win. When you compound 1-2-3rd bets total net return equals 7% of pot vs 3% if not compounded, this is key to build the pot and not play for breakeven. If I'm having an AWFUL day like down 30% I then double the stakes as again I believe this to be good strategy, card luck turns after a very unlucky streak. Once pot returns to level before today's losses occurred I go back to 1% of pot staking. Only implement basic strategy (card previously posted) with few changes:

    Never double down
    Never buy insurance
    Never split cards.

    Remember, this is meant to be fun money, even though this is probably one of the safest way of gambling as you are implementing PRM, there are no guarantees in betting world, no matter what is the wager, be it coin flip or buying blue chip stocks.
     
    #134     Jan 7, 2017
    steve2222 likes this.
  5. JSSPMK

    JSSPMK

    Was very busy recently, no time to make another video, as soon as I get some peace & quiet in this mad household I'll do a video on why retail traders need to concentrate on learning how to take initiative and not wait for indicator confirmations, if you trade price then you don't need any other interpretations of price, just price. Buy low, sell high paired with PRM is by far the best & simplest method to learn and implement, small stops and big targets.
     
    #135     Jan 7, 2017
  6. I have an indicator like on your chart.Which you can set the OB/OS territory on the screen to a %,like with regular stochastic.Pretty cool.R:R sometimes could be 1:10 or more.
     
    #136     Jan 7, 2017
  7. JSSPMK

    JSSPMK

    Those lines aren't part of an indicator, but target and stop loss levels.

    Actually, on that chart I can't recall what they were, as I didn't trade it, possibly likely entry and target.
     
    #137     Jan 7, 2017
  8. Alert lines are representing the OS/OB territory and set to 80/20,sort of disguised stochastic,but in this case it uses just chart scales.As you can see 1:10 is quite possible.I agree with you,naked is good.
     
    #138     Jan 7, 2017
  9. JSSPMK

    JSSPMK

    Trialing a new strategy today, apart from a straight 9 fold I have done another accumulator by taking those 9 games and splitting them into 4 folds and staking £1 on each 4 fold, overall return odds are 2.75, which isn't a great return on a multiple accumulator, but there are 126 4 fold combinations and all games on paper look to be safe wins for home teams, apart from Roma match as they are away, hence it's an Asian 0.0 (basically if they draw this bet on Roma is void). It looks like a 'safe' accumulator IMO considering realistic outcomes of each game and risk is split between multiple combinations, if some lose I expect a vast majority of selections to be positive.


    Screen Shot 2017-01-08 at 09.52.37.png
     
    #139     Jan 8, 2017
  10. JSSPMK

    JSSPMK

    Anyone in UK can take advantage of no risk betting, if you have never heard about matched betting concept and extra £500+ (risk and tax free) per month is worth the effort to you, then there is loads of info online about it, multiple vendors offering to supply you with daily risk free opportunities, I will later post a link to a blog that offers all that for free, daily updates with detailed instructions, you'll also find info on how it's done. Basically in UK bookmakers offer signup bonuses as well as ongoing bonuses to keep punters coming back to bet with that bookmaker. A typical bonus is offered when you deposit an amount and back a sports event, then the bookmaker will offer you a cash bonus (T&Cs vary, so read those, it ain't much to read), matched betting method makes it possible to make sure you are guaranteed a profit, a no loss scenario. I've done it and still doing it, so I know for a fact that it works 100%. But it comes at a price, you need to invest some time to properly understand the concept, as there is only one way to lose money, that is by making a mistake due to lack of due diligence. This blog is free, there is another I also provide, also good explanation provided there, but the first blog link is kosher for daily updates and explanations 'how to...' that way you don't spend time working out yourself, time is money ;)

    http://matchedbettingblog.com/beat-the-bookies/#.WHIPx7aLSV4

    http://www.savethestudent.org/make-money/what-is-matched-betting.html
     
    #140     Jan 8, 2017