Change Or Fail As A Betfair Trader – A Trip Down Memory Lane

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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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I was reflecting back today on the halcyon days of Trading – before algorithmic Betfair Trading – because of the end of another illustrious career in Betfair Trading in a different market. Andrew Hall, also known as “God”, had to shut down his Astenbeck Master Commodities Fund II Ltd. after suffering a 30% loss in funds. For more than a decade the British-born oil trader had bet long and bet big that crude prices could only go higher.

Andrew lost 500M of investors money that year before he finally shut down the fund. Big numbers.

The fact is that algorithmic Betfair Trading systems have increasingly come to dominate the oil market and, increasingly, that is happening on Betfair. It had to happen. If you want to carry on Betfair Trading manually then this article is for you.

Some professional Betfair Betfair Traders like Caan Berry continue to trade daily profitably but others are now only considering the InPlay markets where the market is less efficient. But even Caan accepts that it has become increasingly challenging to trade on Betfair pre race.

Sadly, in my opinion, Andrew Hall was Betfair Trading the market with a noughties mindset while the market completely changed in front of him. There are still new Betfair Betfair Traders entering the market having studied hundreds of outdated free videos on YouTube hoping to turn a profit with ideas that simply do not work any more.

The key lesson for anyone who trades is to understand that markets are not static environments. Their structure changes all the time and it is the trader’s job to constantly question his underlying model of analysis to make sure it’s in alignment with the current reality of trade. The single most dangerous word in Betfair Trading is – ALWAYS. As in market’s always do this…etc. That is a straight path to failure.

Betfair markets teach us to be humble and mentally flexible every day.

Reading about Andrew’s demise which he blames on algorithmic Betfair Trading systems it is clear he never adapted to this new market. Please don’t make the same mistake as a Betfair trader.

Sun Tzu once said, “He who knows when he can fight and when he cannot, will be victorious.” This is perhaps some of the greatest advice that we can absorb as Betfair Traders. Very often we trade not to win but satisfy our ego. Taking on the world, or the market is a romantic idea that we’ve all been taught, but in Trading, that is a very expensive way to conduct your business.

Many Betfair Traders see the Betfair markets needing more nimble and nuanced Betfair Trading strategies that have superseded the old mantras.

Learning to trade on Betfair against algorithmic Betfair Trading systems on Betfair can be done. But you need an angle and TradeHost gives you that.

Personally, most readers will know that I moved to algorithmic  Betfair Trading models on Betfair many years ago. I saw the writing on the wall even then. I was screwed as a manual trader Betfair Trading swings. It worked for my first two years but I didn’t have the correct mindset to change. I simply didn’t want to. So I chose to exit and be part of the automated Betfair Trading model that now dominated Betfair. I’m glad I did. But that’s not to say that manual Betfair Traders who are faster than me – I am getting on, you know – can’t still earn a good living. You can. Just don’t expect it to be as easy as you see in the free videos. I would go even further. Pay them no heed. Get serious and invest in yourself.