Well after a rather hectic last month, trying juggle family life. Trading and a training course in with leaving my previous job the ‘moment’ has arrived. I’m now free to spend my days trading full-time without the half-hearted sessions!
This should have been a good moment (I have been looking forward to for a long time). It’s just typical it should come as the new ‘Premium Charge 2’ debacle unfolds now. Long-term I’m not sure not naive enough to think it could be all ok. It wont effect me directly as I’m not over the threshold just yet (account was negative before learning to trade, and quite a bit of generated commission). It’s most definitely concerning as Betfair’s future looks to be rather bleak…. that said; I haven’t 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 it’s 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. Initially I feel a little daunted by it, as its new. Hopefully the Geek will release a Betdaq version soon!
One thing I have noticed is; over previous weeks with this deliberate ‘pushing’ about of the markets by large sums. It’s possible to work out at times where there is liability that needs to be closed. If you time it right, in the last 30 seconds say it is possible to make a nice little earner. Their ‘closing’ of a very large position skews the price. Obviously its a bit of a difficult one but I was thinking: should the thin markets continue, its something that can be a great help, especially if it’s the same on Betdaq!