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  #131  
Old 8th February 2018, 08:19 PM
UselessBettor UselessBettor is offline
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Quote:
Originally Posted by Puntz
Approximately $11.00 per hour.

12,350 47 = 262.76 per day

262.76 24 ( hours ) = 10.94 per hour.

or
262.76 8 ( 8 hour work shift ) = 32.84 per hour.

lawyers on average charge min. these days 150.00 per hour ?

Casino, there was a time , playing columns chips on centre/right @2.00 per chip, 2 chips per bet, if lucky, could bring in 100.00 per hour. ( then they changed the min bet chip to 2.50.)
Which messes up the player's strategy.



Not exactly. Your assumptions are wrong. I have only bet on 24 days so you can only use 24 days for the calcs. I would probably have spent on average 4 hours on those days doing the form and betting.

So I have done 96 hours in total for $12350 profit. Average of $128 per hour. That is not a bad effort.

I can eventually increase my bet size from where it is at the moment by 3-4 times so my top out rate is probably around $500 per hour. That's a lot more then most professions.
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  #132  
Old 8th February 2018, 08:28 PM
UselessBettor UselessBettor is offline
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Just off to the side of this thread. For my systems betting, its all passive income. How do I work out the pay per hour when I spend almost no time (< 1 hour a week on the current systems and monitoring).

On a passive system I guess pay per hour is kind of a mute point. I guess that is why most of my betting is by systems.
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  #133  
Old 8th February 2018, 09:39 PM
Puntz Puntz is offline
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It's still 47 days @ 12k profit, Gross on the method presented with the figures posted.
Just evaluating UB, all good work.
Cheers
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  #134  
Old 8th February 2018, 09:49 PM
Lord Greystoke Lord Greystoke is offline
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Quote:
Originally Posted by UselessBettor
Just off to the side of this thread. For my systems betting, its all passive income. How do I work out the pay per hour when I spend almost no time (< 1 hour a week on the current systems and monitoring).

On a passive system I guess pay per hour is kind of a mute point. I guess that is why most of my betting is by systems.


How's about the 10 000 hours+ to learn your coding craft, find - develop - test systems UB. That's one hell of an investment and you are obviously good for some half decent thinking man's genes so we have to chuck in your parents input and all the generations prior to them.

Somebody say OUTLIER?

LG
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  #135  
Old 8th February 2018, 09:50 PM
Lord Greystoke Lord Greystoke is offline
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Quote:
Originally Posted by UselessBettor
Just off to the side of this thread. For my systems betting, its all passive income. How do I work out the pay per hour when I spend almost no time (< 1 hour a week on the current systems and monitoring).

On a passive system I guess pay per hour is kind of a mute point. I guess that is why most of my betting is by systems.


How's about the 10 000 hours+ to learn your coding craft, find - develop - test systems plus all those years you spent doing boring stuff before you found this gig UB. That's one hell of an investment and you are obviously good for some half decent number crunching - pattern matching genes so we have to chuck in your parents input and all the generations prior to them.

Somebody say OUTLIER?

LG
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The fewer but more complex filters,which are not easily identifiable by most punters in a system, the more chance of it repeating - Wesmip1
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  #136  
Old 8th February 2018, 10:20 PM
UselessBettor UselessBettor is offline
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Quote:
Originally Posted by Puntz
It's still 47 days @ 12k profit, Gross on the method presented with the figures posted.
Just evaluating UB, all good work.
Cheers


No worries Puntz. I am not betting full time on this at the moment and would expect it to be a lot more if I was doing that (like the first couple of weeks).

Keep in mind these are tax free profits for now so it looks even better when you take that into account
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  #137  
Old 8th February 2018, 10:24 PM
UselessBettor UselessBettor is offline
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Quote:
Originally Posted by Lord Greystoke
How's about the 10 000 hours+ to learn your coding craft, find - develop - test systems plus all those years you spent doing boring stuff before you found this gig UB. That's one hell of an investment and you are obviously good for some half decent number crunching - pattern matching genes so we have to chuck in your parents input and all the generations prior to them.

Somebody say OUTLIER?

LG



lol thanks LG

Its nice that hard work does pay off in the end. I can't help bt feel this guy though. This is the ultimate greed/fear news story today :

http://www.news.com.au/finance/mone...c79a3e1891b8657

Losing our own money is one thing. Losing your family and friends money is a much bigger pain to bear. I feel for the guy but the stock market is probably a bigger gamble then the horses for some people.
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  #138  
Old 8th February 2018, 11:29 PM
Shaun Shaun is offline
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Quote:
Originally Posted by UselessBettor
Losing our own money is one thing. Losing your family and friends money is a much bigger pain to bear. I feel for the guy but the stock market is probably a bigger gamble then the horses for some people.


Try and convince the average person that, most people think of traders as successful people while anyone having a bet is a mug.
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  #139  
Old 9th February 2018, 05:50 AM
Lord Greystoke Lord Greystoke is offline
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Quote:
Originally Posted by Shaun
Try and convince the average person that, most people think of traders as successful people while anyone having a bet is a mug.


Funny you should say that Shaun. The more I read about the craft of trading, the more similarities I see with respect to the professional punter. This chap who lost the family jewells was not a professional trader in my opinion.

For each example, the best of the best who trade the markets risk no more than 1% of their capital per trade. Sound familiar?

LG
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