Accept Swings Of Fortune And Don’t Get Greedy On Betfair

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Man of Mystery

I opened my Betfair account on 22nd April 2003. I was one of the first subscribers to BetTrader and was a founding partner of JuiceStorm.com on 17th February 2007.

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Let’s start with a checklist for success. I love lists, don’t you? They just bring order. 🙂

• • Maintain discipline and detachment.
  • Accept swings of fortune.
  • Don’t get greedy.
  • Be patient.
  • Stay calm when trades go against you.
  • Don’t overtrade.
  • Minimise losses.

If you don’t have Betfair Trading discipline and consistent decision making, then the choices and actions that we know (particularly in hindsight) that we “should” be doing will always be lacking,

Your natural instincts drive you to behave in ways that will not lead to profitable Betfair Trading.

You need to develop a winning Betfair Trading brain and the discipline required to achieve success.

Successful full time Betfair Traders have the ability to take losses. They are rigorous in following Betfair Trading plans and execute stringent staking and risk-management rules. They have confidence and a willingness to admit error and take responsibility for it.

Taking a long-term view of Betfair Trading, they try to maximise overall gains rather than focus on short-term success. They trade for profits and not for the excitement. Perhaps most of all, the approach that these profitable people take is a professional one.

This is a key difference from the casual, haphazard and unstructured approach taken by the majority of people in the Trading world.

But can someone really improve their Betfair Trading performance to become a long-term winner?

Probably the most important part of becoming successful and profitable at Trading is learning to become disciplined. With discipline you are more effective and consistent at making good Betfair Trading choices.

The best Betfair Trading decisions in the world are only one step away from failure. One moment of indecision, or wishful thinking, can negate even the best strategy.

Sometimes, too, it can be as simple as committing to the key professional betting disciplines, such as preparation and record keeping. However, the process of developing new behaviour takes time and effort, so your levels of motivation will be a determining factor in how far you progress. The most successful people in Trading did not get there by accident.