Be successful. Today. Every happy trader is different but every unhappy trader is depressingly the same. Are you happy?
Man of Mystery 1,633
If you spend an hour researching Betfair trading advice you will easily conclude that this is a schizophrenic business!
Man of Mystery 1,095
The Betfair and Matchbook markets don't accept excuses and there is no point in bitching about yesterday's losses.
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If we are honest with ourselves randomness is a massive part of Betfair market price action.
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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?
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Whenever I hear traders tell me, "I don't have any opinion, I just trade price action" I always smile. Find out why?
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Professional exchange gurus will be horrified at my blasphemy. Is it really bad to cut your profits short as a trader?
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Tried BetTrader from RacingTraders? See what our readers at JuiceStorm say about the 1st software for Betfair.
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I test traded every race at Curragh looking for bugs - none found today. We will continue!
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Wouldn't it be great if you could have an idea when the price of the favourite may move down? Here's another pointer for Betfair.
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When trading on Betfair or Matchbook, success goes to those who seek to win, but more to those who learn how not to lose.
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The best trading decisions in the world are only one step away from failure. Check out what can negate even the best strategy.
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Stay focused. Remember, putting in a counter-trade two ticks higher than you just laid could be just gambling, not trading.
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Target on Betfair? Many traders average down in their positions as they try to rescue a losing position. Do you?
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Human nature will always make us dwell on what we just missed out on without appreciating what we've got.
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The Betfair odds system has "crossover points". At 4.00 the tick below is 3.95 (0.05 away) and the tick above is 4.10 (0.10 away).
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Algorithmic trading systems have come to dominate the oil market and, increasingly, that is happening on Betfair.
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A strategy for consistent profits when trading on Betfair. Do your homework, follow a proven plan and use trading patterns.