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Thread: Crazy £5 Challenge.

  1. #1
    Forum Addict Keefter's Avatar
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    Default Crazy £5 Challenge.

    how far can £5 go?

    I've been trading a fair while and I make a decent enough living at it. Recently though I've been terribly inconsistant. Seems to be a good day followed by a bad day, still making money overall but this year has been something of struggle.

    I could probably do with a few days off and resting myself and coming back fresher, but I just get bored tbh, so instead I've withdrawn my bank bar £5.

    I'm going to see how far I can grow that fiver. I have two BF accounts so I may trade on Saturday with the other depending on how much the £5 grows tomorrow. but on quieter days I'll use the £5 bank. what will my £5 be worth this time next week?

    I will be trading everything and anything, from dogs to horses, Prerace, In Running. UK, US and Oz. abosultely anything thats available.

    Results will be posted here.

    wish me luck

    Keefter

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  3. #2
    Forum Guru Quo's Avatar
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    Goood luck, Keefter,
    Will follow with interest

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    Forum Guru kawasaki's Avatar
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    good luck keef, dont make this thread short, fingers crossed
    справка по The Geeks Toy на русском »» здеся ««

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  7. #4
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    28p up already! haha. hopefully I won't be posting in an hours time telling everyone i blasted my bank

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    Good luck mate.

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  10. #6
    Mr Poolside Caan Berry's Avatar
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    lol best of luck!
    Edges are ten-a-penny, execution is everything

    Read My FULL-TIME Racing Traders Blog Here!!
    T F YouTube

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  12. #7
    Director of Product Development & Quality Assurance Leonthefixer's Avatar
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    Quote Originally Posted by Keefter View Post
    wish me luck
    Keefter
    Will it be

    Or

    Just not too much please

    Good Luck!

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  14. #8
    Australian Cultural Attaché
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    I thought about doing something like this, but then I figured, if I am going to be sitting at my computer trading, I may as well be making a living out of it. Even if I do prove that I can grow 20 dollars into a 50k profit after 12 months, I wouldn't achieve anything other than being out of pocket and impressing a bunch of forum/blog names. (Not saying I could do that, or anything, numbers are insignificant, just the point that is relevant).. I have no interest in making an eBook or doing a course or anything, so my bank is the only thing of importance to me.

    In saying that though, we all need a break and to spice things up a bit. This may just get the juices flowing and the information flowing clearly for you and may end up doing you good.
    So, I hope you have fun and have some good stories for us... )

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  16. #9
    Forum Addict Keefter's Avatar
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    I completely understand that point of view. I'm just bit peeved with getting bored and or frustrated and failing to get the results I should be.

    I'm not interested in impressing anyone, I couldnt care less about that. I've attempted to do this sort thing in the past with some decent results. The point of posting it on here is two fold; firstly by comitting to posting the results I will need to be diciplined (or at least thats the theory) and secondly just to show any newbies reading this that you don't need a huge bank to succeed.

  17. #10
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    Yeah sorry, my post probably came off a bit like that. I was more referring to long term challenges and my take on what would motivate me to do it than your motivations here....

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  19. #11
    Forum Addict Keefter's Avatar
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    this is very much a short term challenge. I have a living to earn so unless I manage some sort miracle I'll be calling it quits this time next week.

  20. #12
    Forum Addict Keefter's Avatar
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    This is from the Yank markets last night, lost a fortune when i missed laying off a position thanks to ATR. Set backs like that I can do without.

    I also did a handful of Oz races but it was pretty dire, had trouble getting my £2's matched would you believe! managed about 41p from those.

    New bank £9.49
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  22. #13
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    Good luck mate

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  24. #14
    Forum Addict Keefter's Avatar
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    well that was quite an interesting day. I'd forgotten entirely how much work was involved in trading with tiny stakes. I had a nice result 3 races in Musselburgh which netted me almost £9. that was just the boost I needed to build from and I went on a roll after that.

    Towards the end of the day I began to feel a little tired and lacking concentration. Wolves begins almost straight afer the afternoon racing finishes, and regardless of the stakes I use the difference between these dusk meetings and the bread and butter afternoon stuff never fails to take me by surprise. Resulting in 2 reasonably sized losses. After a short break i returned and traded the 18.40 and got a bit of a break In running from a few which shortened very quickly in the home straight. A sure sign to take the days profity.

    When I set out this morning to grow my £9.49 bank I never throught I'd do as well as I have if I'm honest about it. I've taken the smooth today and there will doubtless be the rough to follow at some point. As things stand though:

    New bank: £131.02
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    Wow! That profit from a £5 bank. That's insane.
    Congrats!

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  28. #16
    Forum Guru kawasaki's Avatar
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    that must be world record, hau ze fak du ju du dat
    справка по The Geeks Toy на русском »» здеся ««

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  30. #17
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    And I was all happy with my 10% over my bank for today before seeing this ...

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  32. #18
    Mr Poolside Caan Berry's Avatar
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    madness... well done
    Edges are ten-a-penny, execution is everything

    Read My FULL-TIME Racing Traders Blog Here!!
    T F YouTube

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  34. #19
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    Quote Originally Posted by kawasaki View Post
    that must be world record, hau ze fak du ju du dat
    Not quite. From memory my best ever in a day scale wise was £10 to £1k. { But to be clear now Keefter does this for a living & I'm just a nut job gambler who does this for fun on IP horses & blows the £10 starting bank 3 days out of 4 that I play. }

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  36. #20
    Director of Automated Solutions 1/4 of a millionaire fund's Avatar
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    Just think what it'd have been if you'd used your full bank????

    I'm with Temujin on this one , if your doing this for a living, do it properly I couldn't afford to take a week off to play around. Turning £5 to £131 is an unrealistic figure for anyone trading and must be taking hell of a lot of boom or bust risks to get there. Being pissed I did consider posting my pnl from the 10th for comparison but it's nowhere near as exciting an increase

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