“Professional” Betfair Trading Gurus Will Be Horrified At My Blasphemy

Exchange traders that have been able to "let their profits run" are simply lucky idiots

Professional trader? Read much? Ever since I first picked up a trading book – not betting exchange trading and more years ago than I care to admit – the one piece of conventional wisdom was “Let your profits run and cut your losses short.” I would venture to say that this little nugget is responsible for more losses than any other trading rule ever devised.

In actual markets there is absolutely no way to let your profits run while cutting your losses short. You either cut your profits or cut your losses, but you can’t have it both ways. That’s because markets, and especially Betfair, almost never move in one direction.

Anyone who has ever been able to “let his profits run” is simply a lucky idiot who like a lottery winner guessing a random number, just happened to catch that breakout and was stupid enough to believe that it would continue without retrace. It happens. Just not often.

Now “professional gurus” would be horrified at my blasphemy. They would tell you that one of the worst thing you can do as a trader is to cut your profits short. After all, how are you supposed to pay for all those stops?

The problem with professional gurus however is that they are great at trading the left side of the chart. They are awesome at picking prime examples of trends AFTER they take place, but I have yet to see any of them succeed in my domain – at the right side of the chart where fear and uncertainty control every tick and real capital is won or lost on your tactics rather than your theories.

In that world – the real betting exchange markets – taking your wins too quickly is one of the most profitable things you can do.


Because successful betting exchange trading is not about making money. It’s about NOT LOSING money. There are three basic classes of betting exchange trades. There are trades that make money right away. There are trades that lose money right away. There’s nothing much to do about either one of those types of trades and you just take them as they come.

There is however a broad middle ground of trades that appear to be uncertain as to whether they want to be winners or losers and this is where all the bad habits of impatience actually pay off big.

Now, as professional betting exchange traders whether we are Hindus in New Delhi, a Jew in Tel Aviv, a Moslem in Dubai, Chinese in Singapore or just jolly old rogers in Melbourne – we are in fact all Anglo Saxon at the core. What I mean is that if we live in the advanced industrialised world we have all internalised the Protestant work ethic and with it the core belief that we must sacrifice in order to succeed.

Generally that’s a great rule to live by – except when it comes to betting exchange trading. Good things do NOT come to those who wait. We must not endure pain in order to make profit. The betting exchange markets flip all those long ingrained behaviours on their head.

You got out of the trade a bit early and gave up 10 more ticks of upside? Who cares. There is another trade right around the corner. In the meantime, you know what you also did? You got out of a trade that could have turned sour and made 5 ticks instead of losing 10. You know what you also did? You freed your capital to look for other opportunities instead of sitting in front of the screen paralysed like a deer in the headlights, hoping – or praying – that you can get back to even while other betting exchange traders are banking profits elsewhere.

The most important thing that you did was NOT invest. Not invest your time. Not invest your money. Not invest your psychological capital. By selling too early you became a true betting exchange trader.

So go ahead – get out too early. Give up the profits. Once you start doing that on a regular basis the only thing you’ll regret is not picking up this bad habit earlier.

JuiceStorm TV

Trading The UK, IE, US And AU Betfair Horse Racing Markets 24/7

The Betfair selections we are trading above are UK time. Only filled trades or bets appear on JuiceStorm TV.

Unsure how to get involved? Take a look here.

In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.

2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.

2023 less markets were traded – 17,459 – but a with a similar profit to 2022.

All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.

All results for the 48,094 Betfair markets traded are here and the charts are here.

Top 100 Comments on JuiceStorm.com

Racing Traders has over 20,000 registered members and more join every day. Find out why with a free trial.

BetTrader from RacingTraders.co.uk was the 1st application for Betfair & introduced the ladder UI. Invest £99 in yourself with a JuiceStorm EXCLUSIVE crypto only offer for a BetTrader lifetime license and no further payments.

Successful Betfair Traders have the simplest Betfair Trading systems. The difference is their selection process, experience and execution level. Get that difference for yourself with automated trading by TradeHost.

Our AI articles are NOT written by a real person and are provided for entertainment only. They may contain content which is inaccurate but we are hoping our AI bot, Rose, will become better over time. The AI category is the ONLY section of JuiceStorm.com that has zero human input.

Leave A Reply
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each JuiceStorm member is allowed two daily comments. Use them wisely.
  • Comments must be limited to the number of words displayed above the comment box.
  • Use branded capitalisation, eg. JuiceStorm, TradeHost, BetTrader, etc or John will get upset.
  • You agree that any comment you make may be used for marketing purposes by JuiceStorm.com.
  • You need more than 20 words? Click here for the largest Telegram community for Betfair Traders.