Wow Saturdays are hard

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh. Betfair trading made simple.
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billyboyrifle
Posts: 29
Joined: Sat Feb 10, 2018 2:58 am

MemphisFlash wrote:
Fri Feb 16, 2018 10:15 pm
did you trade or did you PLAY!!!!
I TRADED. :).

Have done for last couple of days and not even out my freebee period
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Dublin_Flyer
Posts: 688
Joined: Sat Feb 11, 2012 10:39 am

Well done on your progress Billy,

Have you done your homework on your trades that were bad as well as the good ones? Reason for entering market, getting out, did you judge it right, could you have made more or lost less getting out at the time? Why did you think it was a good point to get in or out, did you overreact on either get into market or get out point?

Are you screen recording yourself? It might be useful, you could find you're after missing a spike because you're sidetracked/reading some BREAKING NEWS on Sky about Guardiola or Mourinho talking random sh1te, and you've gone from a nice green into a dirty red while your eyes were taken away for a split second!

Something as simple as the missus/mister asking do you want a bacon sambo with your tea. OF COURSE I WANT.....OH sh1t I'm in the red now!

Of course many people want a bacon sambo if it's offered with tea, but you get my drift I hope!

Small spreadsheet of the days races, after each race you trade, rated/listed/group/graded race, handicap/non-hcap, amateur or apprentice etc, put your reason for getting into the market if you traded it, or avoided the market, and getting out reason.

Take a days races and rate your trade from 1-10, 1 being fluke, 10 being legend, 11 being Peter Webb wishes I was his son!
IMPORTANT: Rate yourself as soon as you close your trade, no hindsight allowed at this point!
This isn't a game, it's for yourself alone.

Small spreadsheets like that might help you find your feet as to where your talents may or may not lie at the time, or where you need to focus, or you may already have talents you don't even know!
Mark-H
Posts: 57
Joined: Mon Oct 17, 2016 6:35 pm
Location: North West UK

I second the suggestion to screen record yourself. Peter produced a video titled Simple Tip To Improve Your Trading where he lists the reasons why you should record your trades...not least because you will be able to look back on them at a later date and see just how many mistakes you made at the start!

Personally, I gained a huge amount of insight into the markets when I plugged in the excel spreadsheet by Switesh. It records the market movements of the top 10 in the market, so you can look back at the race some time in the future, and see when odds movements happen, what triggered it and where any support or resistance lay.

spreadsheet.jpg

Using the spreadsheet, compare a high grade race at Cheltenham with a mid-winter, mid-week NHF and you will quickly gain valuable insights into what causes a market to move.

Of course, you ALSO need to avoid analysis paralysis!

But most of all, have fun,

Mark H.
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billyboyrifle
Posts: 29
Joined: Sat Feb 10, 2018 2:58 am

Dublin_Flyer wrote:
Sat Feb 17, 2018 4:09 am
Well done on your progress Billy,

Have you done your homework on your trades that were bad as well as the good ones? Reason for entering market, getting out, did you judge it right, could you have made more or lost less getting out at the time? Why did you think it was a good point to get in or out, did you overreact on either get into market or get out point?

Are you screen recording yourself? It might be useful, you could find you're after missing a spike because you're sidetracked/reading some BREAKING NEWS on Sky about Guardiola or Mourinho talking random sh1te, and you've gone from a nice green into a dirty red while your eyes were taken away for a split second!

Something as simple as the missus/mister asking do you want a bacon sambo with your tea. OF COURSE I WANT.....OH sh1t I'm in the red now!

Of course many people want a bacon sambo if it's offered with tea, but you get my drift I hope!

Small spreadsheet of the days races, after each race you trade, rated/listed/group/graded race, handicap/non-hcap, amateur or apprentice etc, put your reason for getting into the market if you traded it, or avoided the market, and getting out reason.

Take a days races and rate your trade from 1-10, 1 being fluke, 10 being legend, 11 being Peter Webb wishes I was his son!
IMPORTANT: Rate yourself as soon as you close your trade, no hindsight allowed at this point!
This isn't a game, it's for yourself alone.

Small spreadsheets like that might help you find your feet as to where your talents may or may not lie at the time, or where you need to focus, or you may already have talents you don't even know!
Thanks for this bud. Yes i am screen recording myself using EZvid, but im not a fan, it was the first bit of software i came across that would record more than 40 minutes, but the rendering of the video after uses heck of alot of CPU. Any suggestions on another piece of software would be great.

I am also as you state recording my races on a sreadsheet, but not a great deal of data, race type, win,loose,why,time, volume matched. But i will start adding more variables, i would like to input the data into MS Access so i can query the data more effectively and find good correlation betweene winning and loosing trades, hopefully my backround in IT Infrastructure can help me with this.

Well its Saturday today and i can cram in 7 races before work. Im more confident that i will be better than last. Wish me luck

Bill
billyboyrifle
Posts: 29
Joined: Sat Feb 10, 2018 2:58 am

Mark-H wrote:
Sat Feb 17, 2018 9:32 am
I second the suggestion to screen record yourself. Peter produced a video titled Simple Tip To Improve Your Trading where he lists the reasons why you should record your trades...not least because you will be able to look back on them at a later date and see just how many mistakes you made at the start!

Personally, I gained a huge amount of insight into the markets when I plugged in the excel spreadsheet by Switesh. It records the market movements of the top 10 in the market, so you can look back at the race some time in the future, and see when odds movements happen, what triggered it and where any support or resistance lay.


spreadsheet.jpg


Using the spreadsheet, compare a high grade race at Cheltenham with a mid-winter, mid-week NHF and you will quickly gain valuable insights into what causes a market to move.

Of course, you ALSO need to avoid analysis paralysis!

But most of all, have fun,

Mark H.
Thanks Mark? We must of been typing at the same time, wow i didnt know there was a spreadsheet already out there, is it just a case of plugging in via Guardian?

I will do this today. Now time to hunt the S/heet down.

Many thanks for the advice Mark

Bill
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