It is really easy to fool ourselves into thinking that we have the best Betfair trading methods. Just don't beat yourself up!
Managing losers is useless and as betting exchange traders we should only focus on managing winners.
You can be patient with your entries or you can be patient with your exits - but you can't be both. Be selective on price.
Volatility stops? Equity stops? Who are we kidding? Do you either chase the move or fight the market?
Selection trading is simple? All you need is a strategy with positive expectancy and the discipline to follow it?
Be successful. Today. Every happy trader is different but every unhappy trader is depressingly the same.
Target on Betfair? Many traders average down in their positions as they try to rescue a losing position.
Breaking news on The Racing Post, The Mirror Group Newspapers and Tommo flouting the rules on tipping adverts.
Human nature will always make us dwell on what we just missed out on without appreciating what we've got.
There are points in the Betfair odds system that we call "crossover points". Odds such as 4.00 where the tick below is 3.95.
Algorithmic trading systems have come to dominate the oil market and, increasingly, that is happening on Betfair.
Algorithmic systems have come to dominate the oil market and, increasingly, that is happening on Betfair.
Stop loss anyone? It closes out a position or trade automatically should the price move a number of ticks against you on Betfair.
You can be patient with your entries or you can be patient with your exits - but you can't be both. Be more selective on price.
No one seriously tells you to "walk it off" when you break a leg, yet we are constantly told to shake off emotional pain.
All trading can actually be reduced to two strategies - trend or fade. Read more on JuiceStorm.com.
JuiceStorm.com does not trade ticks, currencies, stocks, pips, dips, rallies or anything else. We are trading money.
A losing streak can be triggered by a number of factors. Bad trade selection. Bad luck. Bad market environment.