Well after a rather hectic last month of trying juggle family life, trading and a trainning course in with leaving my previous job the ‘moment’ has arrived im now free to spend my days trading full time without the half-hearted sessions!! Although this should have been a good moment that i have been looking forward to for a long time its just typical it should come as the new ‘Premium Charge 2’ debarkle unfolds, long term im not sure nor nieve enough to think it could be all ok. It wont effect me directly as im not over the threshold although its most definately concerning as Betfairs future looks to be rather bleak…. that said although i havent traded for about 4 days i had a look at the markets today and while betfairs markets looked pretty shakey Betdaq liquidity had increased somewhat, at this stage its too early to tell but the future could be over at Betdaq. I’m going to join all who have decided to go to betdaq in protest for as long as i can tomorrow although feel a little daunted by it as its new, hopefully the Geek will release a betdaq version soon!
One thing i have noticed though over previous weeks with this deliberate ‘pushing’ about of the markets by large sums is that it is possible to work out at times where their is liability that needs to be closed, and if you time it right in the last 30 seconds say it is possible to make a nice little earner on their ‘closing’ of a very large position. Obviously its a bit of a difficult one but i think should the thin markets continue its something that can be a great help, especially if its the same on Betdaq!