Day Five

No not day five in big brother house, but on my trading challenge obviously lol,
Trading summary today is as follows-

• Horses, Early dart from work let me traded a few more races than I thought I could, I made a £1 on three races (good with my bank) and the remainder of the races topped up my profit on horses to £6.44
• Football, Currently trading Man Utd v Stoke match and looking at a small green currently, could do with a couple of quick goals in the second half so I can trade out of U4.5 goals market.

So well in front of my trading bank growth curve and feel good but don't want to get complacent, so time for a psychology book me thinks.

Day Four

Day Four, Pretty poor from me and not something I will be trying out, what happened was I was trading from my Iphone whilst work was a bit slack, during a trade I was distracted and didn't get chance to lay off and ended winning nearly £6, bit stupid and like I say unless its any sport except the horses. I did carry with some more traditional form of trading when I got home from work and brought my total to over £9for the day. So a step forward, a lesson learn't and a sign up to Betting System Notes and a really good look around their site, I am really looking forward to using the strategies that they have to offer and the simplicity of the market matcher tool that can line up strategy and game in a couple of clicks.

Day Three

These days/posts are racking up fast now, day three already and over 1% of final total completed, not significant amount at the moment but they all add up, limited opportunities on the horses today, I didn't realise Sundays in January were so bad. Apart from that I scalped the odds @ HT on the North East derby and finished the day on £56.32 which is nearly 5% more than yesterday (punches the air).
I want to approach football trading with a bit more professionalism but with such a small bank and trying employ complex strategies across several market, I don't want to over-expose with high liabilities (%age wise) so I think that will have to wait a week or so.

Saturday 28-1-12.mp4

Day two

Day two wrap up, I actually traded the Man Utd v Liverpool match, I made £3.90 in total by trading the over2.5 , I backed it at KO and then backed it again at 3.25 which was just before the 1st goal went in, I immediately laid off to equalise the profits and then bang on HT I did a whole bank trade on the U2.5 and instantly greened up for a further profit. Horses - I didn't do that many races, 5 in total with profits ranging from £0.12 to £0.86, I know I said earlier that I would go on to trade the evening racing, but little did I know that there in fact isn't any.
No bother I will be happy with what I've got, as over the last two days my bank increases have been the equivalent of 10 days trading at 3% a targets, so I think I can see Friday, Saturday and Sundays becoming my 'banker' days. Green is green though, and three cheers for green. Just a quick pic to show that small profits soon add up.

Scoop6 Rollover

Dont forget its a multiple rollover on todays Scoop6 with nearly £1/4 million prize in the win fund already http://bit.ly/y42Wqf

Football first

Looking forward to the FA Cup game between Liverpool and Man Utd, should be a classic, Liverpool on a high after seeing off Man City earlier in the week and obviously they will be out to do Suarez proud, but on the other hand Utd wont want to go down the same route as City and no doubt Evra and Co will be charged up for it, I also feel Fergie will want to put King Kenny back in his place, but apart from that it should be a good game.
Then I will get onto trading the horses and I may have to go into the evening to make a good days worth of profit, back later.

Day One

Well the day finally arrived and went really well, but I would say that as making 'X'% of a starting bank of £39 as I did make in excess of £5, so all in all I busted through my plan of 3% but it will be easier taking advantage of the money on the table compared to when I am trying to aim 3% of £1500 or more, but I suppose that is a bit contradictory as I want to apply the same mindset and rules to whatever size of bank, so will have to readjust my mind and refocus where required, but anyway here's looking to tomorrow.

Mental recap

Following on from yesterday's comment from Cassini and also an email I've received  I ask the readership to think about the tools and skills required to be a sports trader. 
I am not particularly talking about scalping a horse race, trading a football match or another sport as such, more about the development of the mind and where newbie lumping £50 into betfair and expecting instant rewards and comparing themselves to a top trader who makes it public about how much they earn per day/week/month. 
I would say that is a battle of the mind, your own mind, looking to the future trying where you will be in 3,6 or 12 months would be a better margin to aim for rather than trying to work out will I be able to double my bank today or over the weekend. 

Spending time learning self discipline and having self belief along with determination and not being greedy will make YOUR betfair journey run a whole lot smoother and then be able to accept the cash rewards a little easier instead trying to give the money straight back in the next market you open. 

So as much as technique, strategy and your 'edge' is important, equally is the mental side and how you approach that will have more impact on your balance than your trading skills will any day. 

Mental recap

Following on from yesterday's comment from Cassini and also an email I've received  I ask the readership to think about the tools and skills required to be a sports trader. 
I am not particularly talking about scalping a horse race, trading a football match or another sport as such, more about the development of the mind and where newbie lumping £50 into betfair and expecting instant rewards and comparing themselves to a top trader who makes it public about how much they earn per day/week/month. 
I would say that is a battle of the mind, your own mind, looking to the future trying where you will be in 3,6 or 12 months would be a better margin to aim for rather than trying to work out will I be able to double my bank today or over the weekend. 

Spending time learning self discipline and having self belief along with determination and not being greedy will make YOUR betfair journey run a whole lot smoother and then be able to accept the cash rewards a little easier instead trying to give the money straight back in the next market you open. 

So as much as technique, strategy and your 'edge' is important, equally is the mental side and how you approach that will have more impact on your balance than your trading skills will any day.