All trading on betting exchanges can be reduced to two strategies - trend or fade. Check out variations on trade management.
Man of Mystery 1,598
Randomness is a massive part of Betfair market price action. Are tactics more important than strategy?
Man of Mystery 599
Whenever I hear traders tell me, "I don't have any opinion, I just trade price action." I always smile. The trader is an idiot!
Andy Newton 1,451
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Man of Mystery 1,220
One of the hardest things to do in trading is to win after losing. A losing streak can be triggered by a number of factors.
Man of Mystery 1,092
It is really easy to fool ourselves into thinking that we have the best Betfair trading methods. Just don't bet yourself up!
Man of Mystery 973
Managing losers is useless and as betting exchange traders we should only focus on managing winners. Find out why?
Man of Mystery 894
Trading is and always will be a game of controlling losses. Some traders are simply a bankruptcy waiting to happen.
Man of Mystery 1,261
Betting exchange trades depend on how well you answer one question. Everything else is commentary.
Man of Mystery 1,105
Value bets? What do we really do as traders? When you strip away everything we end up with just one thing.
Man of Mystery 2,873
But always use a stop loss. It closes out a position or trade automatically should the price move a number of ticks against you.
Man of Mystery 1,373
What's better? Taking many trades that have a reward to risk ratio of 1 to 5 or taking many trades that have a ratio of 5 to 1?
Man of Mystery 669
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Man of Mystery 1,152
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.
Man of Mystery 715
Emotions can have an impact when trading. Nothing says rejection like a stop out. It triggers so many horrible fears.