Losing Confidence!
Ok.. here is the deal with the 1.01 money .... if you go to the track you jump the tv time delay .. as soon as people see the winner they lump on and swallow up the lay money .... people put in the 1.01 lays early as soon as the market is formed in order to get matched 1st .... now sometimes horses hit 1.01 and still lose ... afsare a couple of saturdays ago hit 1.01 and lost to sri putra .. which incidently traded very high .. thats one reason ... another is people laying out to avoid waiting for the payout ... if your account was hacked they could simply cancel bets so its not that ...
what a complete plonker!rogerlisa wrote:However if sitting behind a desk all day makes you into what some have become on Betangel, FM I would rather dig a hole at least you can see the s,,t you have got to deal with. Have a nice day. P.S For those wiffy fellows on here, if you are that good why dont you start your own trading site or have you not got the b,,ls for it or brains for it! You could always read a book and study about it as you are good at that obviously, or 'fifty shades of grey' may help.Ta ta off on hol now!
Le Tiss, this is the first HONEST to yourself message/reply i have read on this forum. Thank you. This poor sod is losing money hand over fist. Bet Angel offers a lot, its marketed to offer a lot, i am DESPERATE to read at least one post, of someone, anyone that has had the promise DELIVERED......so far this just seems to be a posher more snobby way a gambler loses their money......for example the post that has the most views is about BETFAIR going down!!! is that because of RELIEF?? surely the high views should be posts saying HEY GUYS ANOTHER WAY TO MAKE MONEY.....now thats! the forum/community i want to be in, then i can shag more women!!!
I think its the dream of all Betangel users to be able to make at least 50k/year off Betfair and travel the world banging hot chicks. Most find out the hard way that trading is REALLY HARD and this dream is not achieveable without a HELL of a lot of effort and skill.riggs111 wrote:surely the high views should be posts saying HEY GUYS ANOTHER WAY TO MAKE MONEY.....now thats! the forum/community i want to be in, then i can shag more women!!!
I fear that most guys who try to make a living off Betfair will end up having to use their hands alone in their bedrooms ; (hot chicks dont bang losers)
How do you know this? That's not the impression I get from a very successful pro trader I correspond with... You come out with lots of defeatist statements, but I respectfully put it to you that there isn't much substance behind all of the negativity...Zenyatta wrote: Most find out the hard way that trading is REALLY HARD and this dream is not achieveable without a HELL of a lot of effort and skill.
Emotionally, I can see how trading can be very draining, but I would say that to a large extent it boils down to attitude. If you focus too much on what on the line, ie money and ego, you'll probably experience negative emotions, whereas if you just keep your eye on the ball and stay positive, you'll experience a different set of emotions.
Is anyone who is unable to make a living from trading on Betfair a loser in your book?Zenyatta wrote:I fear that most guys who try to make a living off Betfair will end up having to use their hands alone in their bedrooms ; (hot chicks dont bang losers)
Jeff
I can confirm that hot chicks don't bang big winners either 
Have to say, if I listened to the naysayers I never would have even signed up for Betfair let alone leave a good job to do it full time. When I started doing it, I couldn't find a single sole that agreed with what I was doing. Absolutely everybody thought I was going through a mid life crisis. My former employers thought it was a cover for joining a competitor!
But I have spent most of my life drawing up unrealistic goals and achieving them, so now people say it was inevitable that I would make something of it. When I took the jump it took a bit of soul searching initially to work out if I had actually done the right thing. But in hindsight I had been too worried previously about making big moves because of what could go wrong, when I'd actually been guilty of not seeing what could go right. I learnt life works in both directions. I've actually learnt a massive amount about myself and others on my journey.
I've also seen the positive impact that trading has had on a lot of people, so I've never put anybody off giving something a good go, no matter how hard it appears. It's better to know that you gave it a go and failed, than not at all. I don't think anybody denies that anything worthwhile is hard. It's pretty rare to be presented something on a plate, pre-package ready for you to pluck off at will. So hard work has been the only way I know to make something work.
One thing that has constantly surprised me is the ingenious ways Bet Angel users have found to trade the market. I think there is something to learn from everybody from many different angles. I probably haven't seen them all either. There have been a load of changes over time, so credit to those with longevity as well.
Basically, I don't think people should be put off from trying. Yes, you need to be aware of risks etc and not expect things on a plate but nothing was ever achieved by not trying. That's not a philosophy for trading, but for life in general IMHO.
Have to say, if I listened to the naysayers I never would have even signed up for Betfair let alone leave a good job to do it full time. When I started doing it, I couldn't find a single sole that agreed with what I was doing. Absolutely everybody thought I was going through a mid life crisis. My former employers thought it was a cover for joining a competitor!
But I have spent most of my life drawing up unrealistic goals and achieving them, so now people say it was inevitable that I would make something of it. When I took the jump it took a bit of soul searching initially to work out if I had actually done the right thing. But in hindsight I had been too worried previously about making big moves because of what could go wrong, when I'd actually been guilty of not seeing what could go right. I learnt life works in both directions. I've actually learnt a massive amount about myself and others on my journey.
I've also seen the positive impact that trading has had on a lot of people, so I've never put anybody off giving something a good go, no matter how hard it appears. It's better to know that you gave it a go and failed, than not at all. I don't think anybody denies that anything worthwhile is hard. It's pretty rare to be presented something on a plate, pre-package ready for you to pluck off at will. So hard work has been the only way I know to make something work.
One thing that has constantly surprised me is the ingenious ways Bet Angel users have found to trade the market. I think there is something to learn from everybody from many different angles. I probably haven't seen them all either. There have been a load of changes over time, so credit to those with longevity as well.
Basically, I don't think people should be put off from trying. Yes, you need to be aware of risks etc and not expect things on a plate but nothing was ever achieved by not trying. That's not a philosophy for trading, but for life in general IMHO.
I agree.
If a trade doesn't go your way, you can scratch it, and not give it a moment's thought. And if it goes in your favour, you hang in there. Same with life.
I think the problem many people have - and I am certainly guilty of this - is to overthink things, rather than being like a cat waiting to pounce at just the right moment...
Jeff
If a trade doesn't go your way, you can scratch it, and not give it a moment's thought. And if it goes in your favour, you hang in there. Same with life.
I think the problem many people have - and I am certainly guilty of this - is to overthink things, rather than being like a cat waiting to pounce at just the right moment...
Jeff
Euler wrote: Basically, I don't think people should be put off from trying. ... That's not a philosophy for trading, but for life in general IMHO.
I started off on this forum asking whether it is possible to earn £100 a day which would make about £30k a year post-tax. There are at least 25 races a day so £4 a race is quite small so asking for £300 a day is not unreasonable. Its just that newbies thought process is not the same as that of successful and experienced trader. It does take a lot of time, patience, bank and perseverance to get to a stage where you can make predictable income.
At the beginning I used to try all sorts of weird and some times completely outragous tactics including outright betting until I started to notice what worked more frequently and what didn't.
I started specialising and then finding my niche. The important thing to bear in mind is that its the execution of strategy/method/approach/tactics that's more important.
It is possible, everything being equal, to make a reasonable living but I wouldn't think about making £100, £300, £1,000 etc. a day but instead try to stay in the game and aim to break even until you start seeing a picture.
Its not easy or quick but it is possible.
At the beginning I used to try all sorts of weird and some times completely outragous tactics including outright betting until I started to notice what worked more frequently and what didn't.
I started specialising and then finding my niche. The important thing to bear in mind is that its the execution of strategy/method/approach/tactics that's more important.
It is possible, everything being equal, to make a reasonable living but I wouldn't think about making £100, £300, £1,000 etc. a day but instead try to stay in the game and aim to break even until you start seeing a picture.
Its not easy or quick but it is possible.
-
CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
I really sympathise Peter's atittude towards live and I share his view.
I think it's hard to keep such a state of mind all the time, as sometimes you get haunted by doubts or fears, but that's a part of the process. This is one of the most interesting things on my trading journey, the way you dream to achieve this and that, the way you wonder for how long you can do it etc. It's been a tremendous process of learnship about myself most of all.
From a personal point of view, I think most of those who are only atracted by winning the cash are doommed to fail. The thing with the market is that it's an intellectual challenge everyday. There are a lot of opportunities for those who can get them, but it is hard work.
That said, I agree with Mugs. I can't honestly understand how someone spent so much money on this and doesn't know why there are 30k laying at 1.01. It's unprofessional, at least. There is information everywhere about this and much more. I wasn't a pro yet and had read all this forum, along with some others, many blogs and blog's archives and was playing with pennies. People just don't want to do their homework when they should.
viewtopic.php?f=5&t=6429&p=50801&hilit= ... .01#p50801
I think it's hard to keep such a state of mind all the time, as sometimes you get haunted by doubts or fears, but that's a part of the process. This is one of the most interesting things on my trading journey, the way you dream to achieve this and that, the way you wonder for how long you can do it etc. It's been a tremendous process of learnship about myself most of all.
From a personal point of view, I think most of those who are only atracted by winning the cash are doommed to fail. The thing with the market is that it's an intellectual challenge everyday. There are a lot of opportunities for those who can get them, but it is hard work.
That said, I agree with Mugs. I can't honestly understand how someone spent so much money on this and doesn't know why there are 30k laying at 1.01. It's unprofessional, at least. There is information everywhere about this and much more. I wasn't a pro yet and had read all this forum, along with some others, many blogs and blog's archives and was playing with pennies. People just don't want to do their homework when they should.
viewtopic.php?f=5&t=6429&p=50801&hilit= ... .01#p50801
Back from hols now and was very interested on all replies that this thread has had - good and bad alike - so thankyou. I never thought it was going to be easy and maybe I approached the forum in the wrong way as I justed wanted some clues. Yes I have lost a lot of money trying, but I am lucky that at the moment I can afford to lose this amount on a big learning curve. Thanks again for all responses and I will think small from now on and find what works. Maybe from time to time I will post something and let you know my current losses and get you all fired up again - or maybe, possibly, I may have figured the whole think out and get some of these hot chicks you all mention. Although wife may not like that idea. P.s Whats a bot? just kidding!!!!
-
frustrated
- Posts: 44
- Joined: Thu Aug 30, 2012 11:10 am
Why not work from 2 to 6 easy hours every day on the uk horses, and aim for £100 a day, to me £700 a week would be a hell of a lot of money. Or the simple way put 20.000 in your betfair account and do long trades on football. Do ity on practise mode is fairly easy with the right timing.
Mugsgame will have you if you come out with comments like that!frustrated wrote:Why not work from 2 to 6 easy hours every day on the uk horses, and aim for £100 a day, to me £700 a week would be a hell of a lot of money.
Joking aside, if making £100 a day were as easy as falling off a log, more people would be doing it... Don't get me wrong, it can be done, and I know people who make much more than that. But finding a system that works requires thought and experimentation. And even when you do have a winning method, you have to have the discipline to stick with it, which is the undoing of many traders.
I'm unclear what you're advocating. What are your entry and exit criteria with this approach?frustrated wrote:Or the simple way put 20.000 in your betfair account and do long trades on football. Do ity on practise mode is fairly easy with the right timing.
Jeff