All trading on betting exchanges can be reduced to two strategies - trend or fade. Check out variations on trade management.
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Randomness is a massive part of Betfair market price action. Are tactics more important than strategy?
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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!
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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.
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It is really easy to fool ourselves into thinking that we have the best Betfair trading methods. Just don't bet yourself up!
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Managing losers is useless and as betting exchange traders we should only focus on managing winners. Find out why?
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But always use a stop loss. It closes out a position or trade automatically should the price move a number of ticks against you.
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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.
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Volatility stops? Equity stops? Who are we kidding? Do you either chase the move or fight the market?
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Selection trading is simple? All you need is a strategy with positive expectancy and the discipline to follow it?
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Be successful. Today. Every happy trader is different but every unhappy trader is depressingly the same.