I suppose that ultimately I'd like to be a full-time sports trader. The purpose of this blog is to document my progress, provide some control on my disciplines and to see if I am actually able to "do the business". I use Bet Angel Pro for all my trading which will be mainly in the pre-race horse markets. Come along, I hope you enjoy the ride.
Friday, 25 March 2011
Exit Strategy
I spent some time on Thursday analysing the last weeks trading to find an effective exit strategy for what I am currently doing. I am glad I did as it worked a treat today, which could have been very poor indeed.
I did two 17:00 matches which ended with a 7p loss and five 19:45 matches which ended with a £1.22 gain, netting an overall £1.15 gain for the day.
The exit strategies I looked at yesterday helped in limiting any loss and returned another profit. Not as much as I would like but while I’m testing this I’m not prepared to risk a great deal.
£23.20 still needed to recover the BAP subscription, but getting there.
Hi,
I'm Andy and I've been trading on Betfair for just over 3 years. I've never traded with any real sense of purpose so I guess it was nothing more than a hobby until now.
Well now I've been inspired by Pinsticker and Adam Heathcotes blogs so I thought I'd sort out my "trading discipline" issues and give it another go to see what I am really capable of. I don't currently trade with large stakes, just 10% of my bank of around £250 using upto odds of 5.0.
One of the reasons for this blog is to focus my mind on the task in hand and attempt to control my poorer disciplines, something I have taken great steps forward with over the last 6 weeks or so.
I'm not sure how often I'll post, daily was the original intention, though I'm not sure people will be that interested, I'll just see how it all goes...
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