Very Low Capital Trading

This is a discussion on Very Low Capital Trading within the First Steps forums, part of the Reception category; Originally Posted by adrianallen99 Often with trading small capital it is difficult to stick to the best money management rules. ...

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Old Jun 11, 2004, 8:42pm   #31
 
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Quote:
Originally Posted by adrianallen99
Often with trading small capital it is difficult to stick to the best money management rules. Trying to risk 1-3% is hard so you often end up risking 5-10% possible more. In the long term doing this with higher capital is asking for trouble.
So would it be fair to say that in your experience, by sticking to the strictly to your trading rules like stop losses, that when the capital is low, then it has been worthwhile risking 5-10% of the capital on each trade?
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Originally Posted by adrianallen99
Also fixed odds financial betting on some sites such as betfair, you will nearly always get the odds you want when betting low amounts, but start to increase this and you find it harder. Okay in theory it should work the same, but in practice you probably need to be a bit more conservative when you have larger amounts.
Does this mean you are doing sports bets rather than trading stocks/indices/forex at the low capital levels?
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Originally Posted by adrianallen99
The sneaky tactics arent really trading as such, and would be pretty pointless on high capital. They are also not very secret and not very sneaky, but it made me about £200 to start with, with no real work and no risk
I know finspreads give you £100 (attend free course & open an account (£100 min I think)) so can you let us how you get £200
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Old Jun 12, 2004, 7:44am   #32
 
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adrianallen99 started this thread Nope I don't do sports betting (okay so I had some money on the super bowl and the grandnational). I do the financial bets on these sites.
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Old Jun 12, 2004, 9:01am   #33
 
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Originally Posted by adrianallen99
I do the financial bets on these sites.
Aha! Had a second look at the site and finally found the section you are looking at.

So ... for low capital, I take it that the odds on betfair are better than those at SBs?
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Old Jun 12, 2004, 9:09am   #34
 
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adrianallen99 started this thread Maybe, maybe not. But if you have £100, you can risk £2 min bet on betfair. Which is 2% of capital. The odds you can can range from 1000 x your stake down to 1.01 x your stake. They are straight win/lose bets. So you know you exact position (what you can lose/win).

Of course it isn't easy, but with a decent strategy you can make money.
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Old Jun 12, 2004, 12:19pm   #35
 
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will I reach £1000?

I have been trading part-time for a couple of years with some success until one day i risked to much and yes I lost it! in the end i needed what money I had left in my sb account so took it out. about 6 months past and I wanted to get back in the game again but due to my finacial situation did not have any money to trade with. I had used betfair before so went to the site and deposited £50. that was 4 days ago, I am at £81 now just betting in £2's will post again to let you know of my situation.
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Old Jun 12, 2004, 1:01pm   #36
 
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Hi Adrian....and the rest
My first time on here...and hope to carry on
I have started to trade with as little as £1500 two wks ago. first day gained £20 second day traded the £ against $ ...lost ~£80 third day lost another deal and was left with £1344.
since then I have traded on a share which bounces ....and have crept to£1488...
I am not looking to make a living out of trading, but winning and loosing and speculation is all so exiting
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Old Jun 12, 2004, 2:01pm   #37
 
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Originally Posted by lennonac
I have been trading part-time for a couple of years with some success until one day i risked to much and yes I lost it! in the end i needed what money I had left in my sb account so took it out. about 6 months past and I wanted to get back in the game again but due to my finacial situation did not have any money to trade with. I had used betfair before so went to the site and deposited £50. that was 4 days ago, I am at £81 now just betting in £2's will post again to let you know of my situation.
Just keep your bet size low until you have at least broken the £100 barrier. I use to use the lay bets quite a lot, especially when market is moving quickly - you can often then place a bet at higher odds so that you win whichever way the market is going.
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Old Jun 12, 2004, 2:04pm   #38
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YUVA

Exciting is dangerous.

If you aim to suceed at trading, minimise emotions to gain clear thinking and logical trades.

Regards

bracke
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Old Jun 12, 2004, 3:31pm   #39
 
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Originally Posted by adrianallen99
Just keep your bet size low until you have at least broken the £100 barrier. I use to use the lay bets quite a lot, especially when market is moving quickly - you can often then place a bet at higher odds so that you win whichever way the market is going.
Yes I aim to stay at £2 a bet until my bank reaches £200 then every £1 per bet more I want will require another £100 i.e £3 per bet requires £300, yes I have been laying and backing rather than just one or the other.
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Old Jun 12, 2004, 5:40pm   #40
 
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Originally Posted by adrianallen99
... it made me about £200 to start with, with no real work and no risk
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Old Jun 12, 2004, 7:34pm   #41
 
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brake
Point taken and you are very right..exitment is dangerous.
I have to learn a lot from this board and keep browsing for any good tips for a newbie......will write soon
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