Sods law is an interesting law.
It is often talked about alongside luck.
The person who forgets to buy a lottery ticket one weekend will probably lament ‘it’ll be sod’s law that the week I don’t have a ticket, my numbers will be picked.’
I can’t really speak about chance or luck, but when it comes to using a system which has a specific success strike rate, every time you don’t do something when you should; you are evoking sod’s law.
You could easily miss an important day throwing the whole strike rate out of the window.
Every successful trading or gambling system has a strike rate which means that overtime you win more money than you lose.
Let’s say that you win 7 times out of 10 and that those winnings make more money than you lose.
Over a year those winnings will add up to a nice chunk of money, especially if you increased your stakes every time you hit a specific target like adding £250 to your trading bank.
When using a system, you need to be doing it religiously each and every day where there is the opportunity to trade.
If you dip in every now and then, the days you do trade could be losing days and the days you miss could be vital winning days.
By missing days and not having a disciplined businesslike approach to your system, you are in fact changing the strike rate.
You could easily be reducing it to the point that if you take too many days off, you lose money instead of make money.
It’s Sod’s Law!
A strike rate is determined by historical data.
All the trades placed over a year are counted and then separated into those which won and those that lost. Then a simple calculation is done to work out an average strike rate.
For example; if you traded 1,000 horse races and 700 won, you would have a strike rate of 7 out of ten.
Here’s the important thing you MUST remember…
That doesn’t mean that out of every 10 consecutive horse races there will be 7 winners.
In the real world it simply doesn’t work like that.
Each horse race, football game and sporting event is not dependant on what happened to the previous one.
They are completely unique.
This means that you could experience 14 losing horse races in a row before having 3 winning races in a row.
Statistically over a year the strike rate would be 7 out of 10, but that could be different each week.
This week it could be 4 out of 10, the following week it could be 7 out of 10 and the next it could even be a successful 10 out of 10.
One week you may lose money, one week you may only break even and another you may make more than enough money to cover the losses from the other two weeks and have a healthy profit.
What this means is:
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- You cannot try a system for a few days and determine whether it works or not because you simply haven’t given it long enough to prove itself.
- You cannot miss days because you ‘can’t be bothered to do it today’ because that will simply mess up your strike rate and completely screw up any chance of success.
A system is a system… and like all systems, to perform effectively it needs to work as it was designed.
Once you start missing out days it will cease to work as it should.
Okay, life can get in the way and sometimes you cannot avoid missing a day here and there, but that is acceptable… it is life.
Missing a few horse races to take a close family member to A&E at a time of emergency is the right thing to do.
But missing a day trading because you fancied watching Midsomer Murders on ITV 3 with a sandwich and a cuppa is not the way to get the best results out of a system.
Sod’s law is that the day you sit to watch DCI Barnaby solve the murder of the quiet and timid librarian who everyone loved, is the day when you would have had 10 out of 10 winners.
Sod’s law is avoidable because it is mainly attributed to when you do not do something that you should.
A system must be used with discipline.
The best way to get the best out of a system is to track everything you do on a spreadsheet.
Getting into the habit of recording all of the trades you do is a great way to develop a businesslike discipline needed to make a system successful.
Whether it is horse racing, football, or forex, keeping a record of what you do and when allows you to track your success and get into the right mindset for making it a success.
If you don’t approach a system with the right mindset, you are more likely to become distracted and only ‘play’ around with it.
You should never play around with a system otherwise you will suffer at the hands of sod’s law.
I’ve told you before about David Houghton and his system which makes him between £110 and £350 each weekday doing no more than 10 minutes work in the morning.
He is a trader who has developed a system focusing on one market only simplifying the whole process.
He never misses a morning unless it is an emergency.
He understands clearly that the days that are missed are vitally important to the success of the system and so without fail, every morning he checks the market to see if there is a trade.
He compares a couple of numbers, works out the difference and if there is a trade for the taking, he sets up his system and walks away from the computer.
It takes no more than 10 minutes and allows him to pull money out of ‘thin air’ on autopilot.
The system allows him to earn money throughout the day while he is out and about doing other things.
It can all be done from the comfort of your own home using a computer, tablet or smartphone if that’s what you prefer.
You don’t need a lot of expensive equipment for this.
As long as you have a good connection to the internet, you are good to go… oh and the intention to approach it with the right businesslike attitude and desire to make it work.
Avoid becoming a victim of sod’s law and you will have a system with a proven winning strike rate.
David no longer needs to work a traditional job; he has a system which will feed him and his family no matter where in the world he is or what life throws at him.
He spends a lot of his time in Thailand and yet he still makes money doing no more than ten minutes work each morning.
He took a relatively small amount of money like £500 and turned it into a system which now generates between £110 and £350 each weekday
If you would like to know more about David and his ten minute morning system, click the link below:
The A Minus B System
Kind regards
John Harrison
PS… As far as effort is concerned, this is one of the easiest systems for making money that I’ve seen.
You don’t need to know a lot and you only need to work ten minutes in the morning and for that it will give you between £110 and £350 most weekdays… just make sure you keep sod’s law at arms length.
Here’s that link again: