Monday, November 14, 2011

Expensive lesson that could be very profitable!

Spent the evening experimenting with Darts trading strategies and I think I may have stumbled onto something incredibly profitable. Chatting with Mike on the forum he suggested the Lazyman strategy a variation on the Lemming strategy which I've employed to good effect on the cricket in the past.  Initially I got the wrong end of the stick trying to lay players low then back high (logical) but this strategy is completely counter intuitive.

It works by laying both players in a close game with a win/lose the only outcome. It relies on the market swinging  between the two players to create an overall green. It cost me 3 red books to get there but when it worked it was a revelation!

A green book revelation for close matches! 

Overall for the darts I was down £27.20 for the night across 6 matches but I was very happy with the way I controlled my losses while I was working on the strategy. I set a maximum loss of £25 per trade and in the 3 I lost I was within that threshold.

I am however delighted with the new strategy and think it could be fantastical useful in the coming ATP finals in London, when close matches don't fit with any of my existing strategies.

Good discipline for controlling losses when a trade goes wrong 

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