Still going strong-ish

Just come back from a great week and a bit in Cornwall with the wife and kids, I took out all my rewards from my betfair account and I am now back in bank building mode, this time it feels a lot more relaxed as I am quite positive because I know its possible and very achievable. So heres to the future- cheers (oh no I'm off my hols now :-( )

14 days of free trading

With the start of the new football now upon us Centaur academy are offering a 14 day free trial of the daily trader, to allow you to make money for free, I made a good some last month from this service, many sports are offered each day, so you can make use of them all or pick and choose sports that you trade or want to get better at, you get a full break down of why the trade is worth taking on, full break down of entry and exit points and if you sign up now it'll be in your inbox for 11 am tomorrow morning, why not, go for it. On top of that they also have a free football webinar coming up on Wednesday 10th August even if you cant attend online, if sign up beforehand they will send you a link covering the seminar for free. Finally if you need to work on your Horse Race trading, drop me a message in the comments box with your email, don't worry I wont publish it but I can get you a fantastic offer on the horse trading course, good luck and happy trading.

14 days of free trading

With the start of the new football now upon us Centaur academy are offering a 14 day free trial of the daily trader, to allow you to make money for free, I made a good some last month from this service, many sports are offered each day, so you can make use of them all or pick and choose sports that you trade or want to get better at, you get a full break down of why the trade is worth taking on, full break down of entry and exit points and if you sign up now it'll be in your inbox for 11 am tomorrow morning, why not, go for it. On top of that they also have a free football webinar coming up on Wednesday 10th August even if you cant attend online, if sign up beforehand they will send you a link covering the seminar for free. Finally if you need to work on your Horse Race trading, drop me a message in the comments box with your email, don't worry I wont publish it but I can get you a fantastic offer on the horse trading course, good luck and happy trading.

pass me my trumpet

I did say quite some time back that I didn't want to make this a 'post your profits' type of blog, but I would like to show this as more of an inspiration to other wannabe traders that YOU can do it, if you keep at it, if you go back through my blog there are posts where I have been winning 30p or 48p or similar per race, but this is astronomical, I don't win £11+ in every race but I am now convincingly winning over £2 a race now, I have let my bank grow a bit but also I have been taking out the profits to feel some reward for my efforts, so to recap in a short space of time I have really turned it around and if I can do it, you can do it, good luck.

Having self belief

belief

 

–noun

1.

something believed;  an opinion or conviction: a belief thatthe earth is flat.

2.

confidence in the truth or existence of something notimmediately susceptible to rigorous proof: a statementunworthy of belief.

3.

confidence; faith; trust: a child's belief in his parents.

4.

a religious tenet or tenets; religious creed or faith: theChristian belief.

I feel like this is some kind of acceptance at the Oscars or similar, because if someone had told me that I could go from be a newbie trader with a little knowledge to go to make over £330 in one month I would have thought they was crazy, but that is exactly what I have done, simply sticking to the plan and taking little bites of the cherry soon add up, a word to the beginners out there- keep the faith and keep going and stick to the plan- you can do it.

Just not cricket

Having made about 1% of my bank on the previous test match between England and India I decided to continue where I left off, I layed India at the start of the game and greened up by just after my lunch for about £6 any outcome, I thought brilliant India just haven't got it in them them and put in a cheeky £4 lay to green up when the odds doubled up to about 8-9s, never happened cos England have collapsed and having backed and layed over £2700 I am left with £1.54 on any result, you must admit that that just takes the piss, I should have stayed with my green of £6 and left it at that until it rolled into my bank on Tuesday when it finished. Oh well that's greed for you.

Back on to the horse racing, I just want to try and explain something that is making me shift my approach to trading opportunities, when we all star out in the beginning our stakes are small and don't affect the market, but now that my stakes are increasing, when I find a gap in the market say nothing at 6.8 and same at 7.0 if I put my £25 in in its looks a lot bigger in the market and find people either going in front of it or when it does get matched it creates a negative pressure and send the market the opposite way to where my tick offset is and have to scratch/take a loss/ be more selective and try to scalp the market when I can see direction or when its nicely built up nearer to the start of the race.

Noel Gallagher's High Flying Birds - The Death Of You And Me

The Stone Roses - I am the Resurrection (audio only)

Public service announcement

I have just received the following message as a comment on this blog, I have posted it as obviously it is a scam and I wanted to warn anyone against contacting this person if they have been sent anything similar, I have blurred out the email address for security reasons-




'Hello, i am betfair full-time trader since 4 years and since short time i started to trade for customers with a ROI of 35% per month on average. If you are interested to join me or share trading views dont hesitate add me in msn **************@hotmail.fr or mail me in that adress. I am at present developing an application for Smartphone to bet on tennis matches In Play since the stands of a stage(stadium), taking advantage to see the point marked directly(live) with regard to the traders who have to wait for the TV flow or the stake has in the daytime of the scoreboard on internet (delays of several seconds.) This kind of trading is called of the courtside trading. good luck'


Also the email is from France and isn't betfair banned there? So even suspect if you ask me.

Why trading is like a game of Snakes and Ladders

I say snakes and ladders metaphorically, its not a new game that betfair are offering, I find that when you start out the gains and losses are really big compared to your bank size as you find yourself being ill-disciplined and going inplay making good gains related to your bank and also taking big losses that will wipe out your beginners bank. As we progress through our trading journey the ladders(wins) become more relative to our bank size and snakes(loses) become easier to absorb into our trading life, expect, except that is when we deviate from the trading plan and don't do what is says on the tin and we find ourselves going down a bigger snake than we wanted to, basically I went inplay after doing so well for so long and lost over 1/3 of my bank or £112 on a horse and being stupid, careless, call it what you will. It links in so well my previous post where I said its a fine line between being over confident and complacent, at the time I know I should be taking the loss and accepting it, but I never and I will deal with the setback and carry on going forward.

Today is the Eve of the betfair trading bank robbery(PC increase to 60%) seriously its a joke, traders making a modest amount will have the earning capped and probably feeling like they are doing this for nothing, I hope they find a way to continue trading either through better competition in the exchanges, I see a few new ones popping up and maybe they will become something of a serious competitor to betfair, I know this wont happen in a hurry and I feel that the £250k limit will come down to meet me before I get to that level, so even though I have only just started profiting from this game, long may it continue on betfair or elsewhere