Welcome to the Bet Angel Professional Community

Losing Confidence!

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh.

Postby CaerMyrddin » Mon Aug 27, 2012 8:23 pm

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=laying+1.01#p50801

User avatar
CaerMyrddin
 
Posts: 1224
Joined: Mon Sep 07, 2009 10:47 am
  

Postby rogerlisa » Fri Aug 31, 2012 8:05 pm

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!!!! :lol:

User avatar
rogerlisa
 
Posts: 181
Joined: Mon Apr 02, 2012 6:09 pm
  

Postby Ferru123 » Fri Aug 31, 2012 9:20 pm

rogerlisa wrote:Yes I have lost a lot of money trying

I suggest you try using 2 pound stakes, and your tuition from the market will be far less expensive. :)

Jeff

User avatar
Ferru123
 
Posts: 6372
Joined: Fri Dec 11, 2009 11:51 pm
  

Postby frustrated » Sat Sep 01, 2012 10:05 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.

User avatar
frustrated
 
Posts: 44
Joined: Thu Aug 30, 2012 11:10 am
  

Postby Ferru123 » Sat Sep 01, 2012 10:16 am

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.

Mugsgame will have you if you come out with comments like that! :lol:

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.
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.

I'm unclear what you're advocating. What are your entry and exit criteria with this approach?

Jeff

User avatar
Ferru123
 
Posts: 6372
Joined: Fri Dec 11, 2009 11:51 pm
  

Postby Alpha322 » Sat Sep 01, 2012 10:32 am

CaerMyrddin wrote: People just don't want to do their homework when they should.

viewtopic.php?f=5&t=6429&p=50801&hilit=laying+1.01#p50801


Top post your very correct.After Peters course i came away and read this forum day after day just getting a feel for what people were talikng about. I read blogs watched the video,s over and over, its taken me 3 years and 6 months to of found a nice edge, there was an earlier post about an edge, i hope that member has found one, but to test a good edge i tested this manually for nearly 2 months, i missed out on a decent size profit, but it works on the live mode well. which i will now collect at te end of the month. But yes trading is hard work and brain power its true only the fittest 5% last or make a living out of it. And yes it is possible to turn over £100, £200 etc a day. Depends on your skill level turning your bankroll over and over without losing to much of it

User avatar
Alpha322
 
Posts: 673
Joined: Fri Oct 30, 2009 5:45 pm
  

Postby mugsgame » Sat Sep 01, 2012 11:07 am

Ferru123 wrote:
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.

Mugsgame will have you if you come out with comments like that! :lol:

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.
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.

I'm unclear what you're advocating. What are your entry and exit criteria with this approach?

Jeff


£100 a day? Why stop at that. If you can make £100 why not 200 or 400?. F*** it, make it a grand a day. It's so easy. Everyone does it.
Oh and don't forget to factor the premium charge into that, it doesn't take long to win over £250,000 And aslo don't forget that trading full time turns you into a grumpy old git in no time. Well it did me. :mrgreen:

User avatar
mugsgame
 
Posts: 1235
Joined: Thu Mar 26, 2009 12:41 am
  

Postby frustrated » Sat Sep 01, 2012 11:33 am

If i had 20.000 i could make £200 a day on long football trades, i have done one a day for the last two months on practise mode with a 5000 balance, i average about £60 a day, and maybe a break even once a week. But my aim at the moment is 70-100 a day from 2 to 6 on the horses, which seems to be working fine,if i can make 100 a day and the comfort level feels right trhis is where i may stay, soon as i save enough i'll do one big long trade a day as well as the horses, i only need to check it say every half hour it's very low risk. Seriously check it out if you start at the right time and get out the right time it's easy, it took me 3 days to suss it, i try and find a 7.55 kick off. For me the hardest thing to work it was how to cover my arse from a big loss on the horses, but after an e mail i recieved from another trader from here it just clicked, he did not tell me his edge but he did mention something he does, i was vey close for weeks i just needed that final tweak, and now i'm 100% sure it's in the bag. The great thing is if the markets change over time it does not matter.

User avatar
frustrated
 
Posts: 44
Joined: Thu Aug 30, 2012 11:10 am
  

Postby Ferru123 » Sat Sep 01, 2012 11:39 am

What do you mean by long football trades?

Jeff

User avatar
Ferru123
 
Posts: 6372
Joined: Fri Dec 11, 2009 11:51 pm
  

Postby Ferru123 » Sat Sep 01, 2012 11:43 am

frustrated wrote:now i'm 100% sure it's in the bag.

I hope you're right, but why not trade it using 2 pound stakes for a week? If you're right, you'll be minting it in no time, but if you're wrong then you won't lose too much money.

frustrated wrote:The great thing is if the markets change over time it does not matter.

The markets changing can render any system null and void...

If the markets become as flat as a pancake, you're stuffed if you're a swing trader. If the markets start jumping about all the time like a flea on acid, you're stuffed if you're a one tick scalper...

Jeff

User avatar
Ferru123
 
Posts: 6372
Joined: Fri Dec 11, 2009 11:51 pm
  

PreviousNext

Return to Bet Angel for newbies / Getting started

Who is online

Users browsing this forum: Bing [Bot] and 1 guest