My parents cancelled the planned visit for today so I took the chance to look at some training videos this morning for both Bet Angel and Bet Trader. I thought I’d picked up some new snippets of information but after the first race I wasn’t so sure.
Anyway, being £7.28 down after the first race didn’t deter me and produced that psychological target again. With a couple of good trades and plenty of steady trades I managed to pull back £7.81 from the remaining 15 traded races. This produced a net profit of £0.53 for the day.
At the moment I really feel the necessity for, at the very least, a 1% bank growth per trading day, with the last 3 days being 0.69%, 0.14% and 0.24% respectively I am a long way off. Still in 2 weeks time I will be setting off for Peter Webbs course and hopefully it will make a significant difference.
Cheers All
Hi andy,to put it mildly i am well pissed off, cant seem to get rid of the gambler inside me and start to try and be a trader,instead of taking a loss i let the trades go in running and 9 out of 10 times end up killing my bank trying to run before i can walk, any advice would be appreciated
ReplyDeleteHi Playslip
ReplyDeleteNot sure I'm the best one to ask after some indiscretions recently but...
In the long run getting out of a trade at a loss will be far more beneficial than taking a trade in-play. You will learn far more useful tactics from this than the potential disaster that can befall an in-play loss.
You, basically, have to learn to "throw" money away though better to throw £1 than £5 etc.
Take a look at some of the vidoes on this page...
http://www.racingtraders.com/Betfair_Trading/Trading_Videos/index.html
bear in mind that these guys are professionals and possibly took several videos to demonstrate what they actually wanted to show. I refer to them quite often to focus my own mind.
Cheers