Long update for this week!!

Posted on Posted in Betfair, Psychology, Trading strategies

You might want to grab a cuppa, with less updates this week im going to cover a lot at once!

Ok so as you can imagine from previous posts life’s been pretty busy for me this last week or so with the new arrival on top of all the usual stuff, hence less blog posts than usual!  More updates will resume shortly…

 

Again this week I’ve had a couple of people contact me feeling rather frustrated with their trading (apologies if I haven’t responded directly just yet). I even find it frustrating reading one of the guys mails especially, mainly because he clearly has an angle into the markets and makes profit although ends up making the odd blunder and wastes all his hard-earned cash from a couple of days in one go! I’m sure many can relate to this as I certainly can! The worst bit seems he’s all to aware of it but it happens again and again….

As I mentioned a couple of posts back im going to put together a bunch of YouTube clips to try to aid this sort of thing and getting your head in the right place once I’ve moved at the end of the month. It’s something I feel pretty strongly about and think is important to progress with profits. This week I’ve put a couple of short ones up although I’ve been short on time, if you follow me on Twitter or Facebook then you may have already seen them. A couple of short confidence building exercises I do regularly myself when im having a down patch, after 5 – 10 races of doing that it’s usually pulled me back up to where I need to be! Sometimes just starting the day doing this can help…

Confidence builder 1

Confidence builder 2

If you have a google account and subscribe to the YouTube Channel you’ll get updates each time I add anything.

Psychology for a trader may seem a bit deep but in my opinion it’s really something that a look at is a necessity, especially if you’re looking to make a good amount of money from. Understanding yourself is key… Emotions like fear, greed and euphoria can be the difference between a big win and a big loss.

Also this week I’ve added a short clip on Backing a runner only to Lay it off in-running. It’s not something I do every race although a few minutes homework can pay off nicely along with the right approach and experience. I update the twitter feed occasionally with selections im doing it on myself – it all adds up!!

 

Today, Sunday 18th May..

If you traded today then I’d say it was just a typical afternoon card for this time of year, the markets are filling up nicely with more money turning over offering us better chances to profit from and more importantly get out when were wrong without too much pain! (particularly on larger stakes).

It wasn’t be best but by no means the worst either. I prefer this time of year for trading for this reason alone… plus it’s probably the time of year I relate to improving massively – like I say in the confidence exercise it becomes one of those self-fulfilling prophecies where the positivity builds, having these kind of conditions regularly with the evenings too allowed that to happen for me and still does!

On the whole the markets today felt pretty stable without too many freak occurrences. I skipped the Irish ones as they are often poorer in quality and the betting public are focusing on the better races on TV. With them all starting so close together it overlaps can make the Irish ones that bit worse.

 

Yeager seemed to be the biggest mover I spotted today although I was a little slow to catch a lot of it, still I’m only human!

Over-all I was still fairly happy with today’s results, consistency is the most important thing for me in all this… so on that count I succeeded.

p.s. if you’re expecting a reply to an email I haven’t forgotten and will be having an e-mail answer session later on tonight!

2 thoughts on “Long update for this week!!

  1. Really nice, I’ve been doing the confidence-building technique for a couple of days, also really consistency on my trades, ofc I’ve not made not even close to 300£ but I’m happy with the outcome, ++++greens then reds.

    On a second note, I’m approaching to you, since you have so much time on your hands (sarcastic), maybe you could do a post or a video explaining the Horse scene to us foreign’s.

    I do understand quite well how the Football scene works because in my country (Portugal) that’s the major sport, but unlike UK , horse racing here isn’t at all popular, so (from my point of view), I don’t know anything about anything, I do know that the horses have to go to post and go to the finish line, but I don’t know which venues are the most interesting, particularities about them etc. things like that.

    I’m not lazy I’ve tried and googled but it seams that there is to much info, and nothing on a “newbie” perspective.

    Anyway thanks for the post 🙂
    Joaquim Ley

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