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The journey begins.....!
I've never really wrote a blog before, but I am hoping if I can log my progress, thoughts, and concerns then maybe others can offer some advice along the way. I also thought this would be the ideal place rather then somewhere on the tinterweb! I see others post profit and loss, and I most likely will also do that when I make a profit.
My plan was to start small 2% of my starting bank, with £2 trades. £100 in Betfair.
Prior to this day I've been watching every possible video you could find on scalping. I'd read 'Make money from spots betting' by Laurence Stanley, and a book called Sports trading on Betfair, by Wayne Bailey. I hadn't put anything into action. Until today.
The first thing that hit me when loading up Geeks was the amount of money, stacked on the odds. I couldn't believe the volume. With this in mind, I exited Geeks and went onto google, thinking in the back of my mind ' there must be a horse racing event on' low behold there wasn't. I was just gobsmacked by the volume of money traded on the horses. Having only been in a bookies once, this is a whole new world to me. I went back in and put in my first trade, almost like magic the price drifted, and when I say drifted it moved so dam fast!!! I was looking at a £56 loss.
I'm not gonna lie my heart sank. I was like a rabbit, stuck in the road. I was thinking I'm nearly wiped out before I begin. I then thought it's ok I'll cancel out and take the small figure on the top left, but could I work out how to get out of it nope! All I could do was think if I don't match the bet, as close to its odds then I'm looking at a £50+ loss, as it will go into play. It took a minute but I managed to bet someway off, and minize the damage to around £8 give or take. For the next hour or so I couldn't do anything, I was just so dam worried the same thing would happen again. I did manage to get back my composure and trade a few times, not sure how I did it, but I got the balance back to £95.40. Truth be told, I think something must have gone into play and won!
Rather than spiral out of control, I exited Geeks and quite frankly feel quite pissed off with myself. I thought I knew what I was doing, or had a rough idea. But I felt like an amateur, a noob, some idiot try to make a few pennies, when he had no chance. I came away and read a little on Google, and reconfirmed to myself that this isn't meant to be easy, and I know the pro's make it look that way on you tube, but I have to remind myself they started at the bottom once.
One bit of advice that did stick with me, is if the market isn't going your way don't keep pouring money in, come away and have some time out. So for now I am going to go and cut the grass. Plans for later is purchase some more reading material, Pre race trading guide, by Caan looks hopeful, and maybe try again tomorrow :-)
Any thoughts, opinions, advice from anyone is appreciated. I'll post again tomorrow, after day2. Hoepfully some one will have read this by then :-)
My plan was to start small 2% of my starting bank, with £2 trades. £100 in Betfair.
Prior to this day I've been watching every possible video you could find on scalping. I'd read 'Make money from spots betting' by Laurence Stanley, and a book called Sports trading on Betfair, by Wayne Bailey. I hadn't put anything into action. Until today.
The first thing that hit me when loading up Geeks was the amount of money, stacked on the odds. I couldn't believe the volume. With this in mind, I exited Geeks and went onto google, thinking in the back of my mind ' there must be a horse racing event on' low behold there wasn't. I was just gobsmacked by the volume of money traded on the horses. Having only been in a bookies once, this is a whole new world to me. I went back in and put in my first trade, almost like magic the price drifted, and when I say drifted it moved so dam fast!!! I was looking at a £56 loss.
I'm not gonna lie my heart sank. I was like a rabbit, stuck in the road. I was thinking I'm nearly wiped out before I begin. I then thought it's ok I'll cancel out and take the small figure on the top left, but could I work out how to get out of it nope! All I could do was think if I don't match the bet, as close to its odds then I'm looking at a £50+ loss, as it will go into play. It took a minute but I managed to bet someway off, and minize the damage to around £8 give or take. For the next hour or so I couldn't do anything, I was just so dam worried the same thing would happen again. I did manage to get back my composure and trade a few times, not sure how I did it, but I got the balance back to £95.40. Truth be told, I think something must have gone into play and won!
Rather than spiral out of control, I exited Geeks and quite frankly feel quite pissed off with myself. I thought I knew what I was doing, or had a rough idea. But I felt like an amateur, a noob, some idiot try to make a few pennies, when he had no chance. I came away and read a little on Google, and reconfirmed to myself that this isn't meant to be easy, and I know the pro's make it look that way on you tube, but I have to remind myself they started at the bottom once.
One bit of advice that did stick with me, is if the market isn't going your way don't keep pouring money in, come away and have some time out. So for now I am going to go and cut the grass. Plans for later is purchase some more reading material, Pre race trading guide, by Caan looks hopeful, and maybe try again tomorrow :-)
Any thoughts, opinions, advice from anyone is appreciated. I'll post again tomorrow, after day2. Hoepfully some one will have read this by then :-)
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