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.
Monday, 21 March 2011
How Do I Measure Up?
I did 3 matches today, no real concerns, all done & dusted within the space of 20 minutes and a net gain of £1.14. This still leaves me £25.62 to recover for the BAP subscription but I’m chipping away at it with no real danger?
What does concern me is that I do not know how well I am doing and I need to measure it in some way. It could be that the way I am trading I am achieving a poor result, it could be that it’s a good result.
I know it’s only 3 days but I need to know what the effect will be if it does not work, I can only hypothesise and the hypothetical maximum loss I would have experienced is the £10+ I noted on Saturday.
I do believe that it could be worse but need the actual situation to occur to enable me to learn more from they way I am trading.
But, hey ho, I’ll keep the positives as frequent as possible, I've given other punters my hard earned over the last few years ;-)
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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