Friday, December 11, 2015

The last trade

Hey guys!

This is most certainly the last post for this blog. I quit trading this late summer basically. Since about May the markets where not the same, atleast for me something had changed. I don't know if the merger with Paddy Power had something to do with it but I noticed something after May, that the markets wasn't the same. For some this maybe haven't been a problem but I didn't find spots as I used to. My motivation for trading sports pretty much dried up as well. So I felt it was time to do something else. 

You might wonder what my next adventure is? I've decided to try to learn a new game. And thats the stock exchange game. I've been grinding the Stockholm exchange roughly the last 2 months. My goal is to be breakeven for the first 6 months and anything better is just a bonus. Its a totally different beast the stock exchange compared to the sports exchange. But it's a lot of fun and I'm learning a lot of new things. We will see how it goes. =)

Anyways, thanks to everyone that read and commented this blog. I still think there is some good information in the blog for new traders to read. So just go through it you might find some interesting stuff. 

Thanks again and the best of luck!

Stay Sharp! /Sammy

22 comments:

  1. Thanks Buddy! And good luck to you too!

    ReplyDelete
  2. Hi. What is the reason? Liquidity or something else? Good luck in Your new journey.

    ReplyDelete
    Replies
    1. Liquidity mainly. I think the addition with ITF and Challenger tour got money to scattered between all the different markets. There if probably plenty of edge out there still. GL

      Delete
  3. Hi Sammy,
    what are you doing exactly...day trading in stocks or future and options trading??

    ReplyDelete
    Replies
    1. My plan is to trade both. Been focusing mainly on stocks to begin with but looking into futures now aswell. Just gonna trade intraday on the swedish stock exchange and maybe DAX.

      Delete
  4. Hello Sammy,

    Do you think that trading the stock exchange will give you a better work/life balance than trading sports now that you have a little one to look after? I saw in earlier post that you said that you were working 10 - 12 hours a day grinding the tennis markets which can't be great for your health or social life?!

    My friend and I were debating whether to enter forex or sports markets as potential future careers and the pros and cons of each. My friend loves sports, but we already work weekends in our jobs, stated that we would have to work weekends even more and be at the mercy of the weather and the schedules of organisers if we attempted to become betfair traders. Whilst you can decide when you want to trade with stock, shares and forex as the markets are open at least 10 hours per day or even more in forex.

    Any tips to get started in the stock market?


    Undecided trader.

    ReplyDelete
    Replies
    1. Good Question!

      Im gonna start rambling whats in my mind hopefully there will be something you can take from this.

      Ill start off with the standard answer "it depends", as it surely does. But ill try to expand a bit.
      So I just can tell you my story. I found sports trading very liberating compared to grinding poker. Highest EV spots is fridays-sundays when playing poker. But for me trading tennis was great cause I focused a lot on the early stages of tennis tournaments mondays-fridays cause the majority of matches was played at those days. Sure i was grinding many hours during those days but it somewhat compared to a normal 8-5 job. But working from home there is no travel time. So 10 hours is probably not an issue in that sense.

      Forex is probably really awkward. Having none experience trading forex but its a 24h market from what I've read and so on. To be in the higher percentile of successful people trading it, I would guess its pretty demanding and very stressful to cover different timezones to find the best spots for trades.

      To give you some advise how I would approach the sports market. id probably outline what kind of sports you want to trade and what time frame the bulk of the matches are played. For example i reckon football is weekends and during the weeks (monday-friday) its usually pretty late 7-9 pm. For me this is pretty much a turn off. Trading horses could be great cause i think they run from 1-3pm to about 6-7pm? After awhile you might be able to cut the weekends and so on. So before you decide what route to go you should probably have a look into what sport you want to focus on. Cause time differs a lot among the various sports.

      I hope you had a great christmas and a soon a happy new year

      /Sammy

      Delete
    2. About the stockmarket I don't really know how much other stock markets differs from the stockhlom stock exchange. I figure quite a bit due to sweden being a small market in that sense. Touch base with me in a couple of months maybe ill have some better insight to the stock markets.

      Delete
  5. Thank you fo your response Sammy.

    Your story tells me that there is no such thing as a free lunch. To make it to the top, you have to dedicate yourself to the profession or market you have choosen, then you can scale back once you are successful. If we all had our dream scenario then we would all work 3 or 4 hours a day trading then go on with the rest of our lives. However, I heard that even the best stock traders eg Tim Sykes spends 40 - 80 hours a week researching and trading so everyone has to work for it.

    My friend and I have decided to check out sports and the timings of events on betfair plus, stocks,options and forex markets. I am not sure if it will be possible to complete betfair and another exchange market simutaneously, especially with the potential for burnout, but they do say nothing ventured nothing gained.

    I will touch base with you in a couple of months, as I will have some experience of the stock markets so I will understand your insights

    Undecided trader

    ReplyDelete
  6. wtf! Very sad news. :(

    ReplyDelete
  7. Tennis live stream online

    watch tennis online Live

    tennis Online Live

    tennis online Stream live

    Live Tennis stream

    Over 2700 Live ATP & WTA Matches A Year, Now In HD Get Full Access On Your Computer, Mobile Devices Laptop Mac Ios Linux Or More Digital Devices

    ReplyDelete
  8. However, forex trading success isn't a two dimensional thing consisting only of your trading account and a trading system. In reality, it's a multi-dimensional thing that encompasses you not just as a trader but as a complete person.To know more take a tour Usa Forex Signals

    ReplyDelete
  9. This comment has been removed by the author.

    ReplyDelete
  10. Tennis is the most thrilling game in the world after the football. The whole world is going crazy about the Tennis due to its discipline and wonderful entertainment. In your blog I found almost every thrilling moment of the game and no doubt we really enjoy it. Looking for more thrilling moments soon.
    Love from
    Top Ten Sports

    ReplyDelete
  11. Now that you just acknowledge a number of tips on Forex, you'll be able to either get your feet wet or come back to into the sport armed with new information. Apply what you've got got scan throughout this text and you are sure to be making higher trades and exchanges, in no time within the slightest degree. To know more visit forex signals

    ReplyDelete
  12. Forex trading is the platform, wherever the money is earned by commercialism the currency pairs. the price of those currencies declare the loss and profit, once they square measure buy and sell. To become an honest bargainer, first trade by opening a demo account and learn the basic tips on forex, after you area unit ok to make some take advantage of the important trade, then try yourself in the forex signals

    ReplyDelete
  13. Whether you will be successful with forex is not a matter of luck or of having experience as a stock market broker. What you need to succeed with forex is the proper training, and a proper understanding of how the market works. These tips should explain you the basics behind forex, and help you get started with your education. To know more about forex signals trading. You visit and join us: forex trade copier

    ReplyDelete
  14. FOREX in the United States does not work how people think it works. In the US, you can exchange one dollar for 1 Euro or 50 Euros or whatever you want with anyone walking down the street. Unlike securities or commodities, they are governed by common law, except of course in Louisiana. When you make an order with a FOREX firm you are not making a "market" order as you would be with stocks, you are making a "dealer" order. The two parties have agreed to trade, but under the rule that the dealer sets the bid and the ask. Although for practical reasons they cannot move too far from the underlying interbank market, they are not legally obligated to base their prices on anything except their own profit maximization. Join us this website::: forex signals

    ReplyDelete
  15. Honestly, anybody who is asking this question on Yahoo Finance should not get into Forex trading.
    I'm not trying to be mean, but keep in mind that you are competing against billion-dollar firms and Traders making millions who have been doing this for decades.
    If you want to get into curency trading, a better start (less leverage/risk and lower dollar amounts) would be trading currency ETFs such as FXY (USD/Yen), FXE (USD/Euro), etc. Look up CurrencyShares. Read this for my recommendations to anyone starting out. Visit forex signals

    ReplyDelete
  16. http://tennisjack.com - real-time tennis betting trends & stats

    ReplyDelete