Introduce yourself!

[TradedUp]

Drunken trader

Had a lot to drink. This is my first post on this forum, even tho i've been reading it for around 2 and a half years since I discovered the Toy. As great as the software is, it just sucks that I can't get a grip of trading. I love to trade and want to succeed so badly it hurts. Who doesn't want money right?......to what degree, or level of money is up to the individual.

I'd be happy just to get by and have a wage doing this, even if it was below national average. It's hard to get a normal job, but this ain't normal for sure. Does anyone here suffer from trading envy? When you try so hard, and it doesn't come to you no matter how hard you try, but you see ppl posting their profits?. I read only 5 to 10% profit long term on betfair. I'm not sure if that's true, but it makes sense to me that it would be.

How do you trade pre-race? Each time i make and entry to the market, the damn thing goes against me. I mean it's crazy, almost each time, and i'm not entering at the bottom to back or lay at the top. Someone watching me or what?. It feels like it

Right now was watching Mikey B trading, and i don't even see any market depth on that software he's using. I think some ppl just have a gift for this. They can see and pick up on what's happening that others can't.

I started with a £70 bank and seems i can only trade in running jump season. My bank is now over 4.5k, something i'm very proud of in some ways, but also frustrated. It's taken me 2 years to reach that. And I can't seem to trade pre-race. Chuck.......i take my hat off to you. As for this guy posting up profits of over 100 quid daily on a market that jumps on it's head and is so lacking liquidity.......how does he do it?

Good night and good luck traders

[ingers]

Yes you can you need to make sure that you keep the bet when it goes in play or it will cancel if not taken before the "off" . You do this by right clicking on the bet and hitting keep in play.

[frankp57]

Hello From A Newbie

Hello All,

Just joined yesterday. Wow, there is so much to take in.

I've watched a lot of the videos about finding your way around the menus etc. I've also watched some of the YouTube videos from the link in this forum such as "Pro Ladder Explained", parts 1 to 3.

Should these videos be watched in any sequence as the other video links down the right hand side of the YouTube seem fairly random?

I use Betfair mainly for straightforward back and lay bets with the odd inplay tennis bet (quite nervy at times!!).

With this software offering the opportunities to benefit from movements in trade prices am I right in saying that you can monitor movements on a variety of events before the event started and effectively profit from those movements.

To use a real life example, there was a horse I was looking at in the morning yesterday with lay odds of 22.0. Later in the day it came into 11.0. Can the software be set up to place a lay bet at 22.0 and then be set to trigger an automatic bet when and if the odds move in your favour (or place a stop loss bet if they move against you). Or is it a case of watching the movements and placing new trades manually?

Hope that makes sense. I'm a bit new to all this but learning fast (ish!). Apologies if that type of scenario mentioned above is covered in the videos but I haven't come across it yet.

Best of luck everyone with your trading exploits.

[pjbfs]

Hi everyone, my name is Paulo, and i'm new here. I'm from Portugal.

I hope to learn a lot with everyone and share my knowledge with all too.

Does anybody have any contact that we could use to reach the owners of geeks toy. I've been trying to reach them by the site contact but still haven't got any answer.

Thank you

[ingers]

Every "JOB" has it's boring times, can think of worse things to get bored with:Thumbs

Hull trade came in :Thumbs

[DarkHorse]

I will keep the 5-10% figure in mind going forward. My thoughts are that if I can keep my "losses" in the same range, with an edge I should be profitable in the long run. I will increase my stakes along side my confidence.

In terms of effort, with every improvement my biggest challenge seems to be dealing with boredom. On Saturday, everything seemed to be going by "effortlessly" with increasing boredom as time went on, until the second to last race when I couldn't take the boredom any longer. I had a "f*ck it" moment and scalped for more ticks than usual, it paid off without incident, but I can see these moments being an issue going forward. Time will tell...

Hopefully I will develop the confidence to go for more ticks without having a "f*ck it" moment. evil

[ingers]

21 Mins gone in Hull game, you could trade out now at 6% profit due to time decay relatively risk free.

[ingers]

Yes I do but statistically returns much better on football strategy suggested. Providing no goals time erosion makes you profit rather than market moves due to weight of money. I reckon you would build bank more and with less volatility and more consistency using footy. I suppose if you can make 5-10% of your stake scalping then that is a "good" return but using £2 is a lot of effort/risk for minimal return if that makes sense.

Look at today's stats. Hull v Stoke. Last 3 games 2 goal max scored in a game. Tott v QPR 3 max in a game over last 3.

Hull v Stoke a good bet that U3.5 goals for example. I will buy at £50 as watching game and will take liability off the table, possibly in £5 increments depending what game looks like. If an early goal goes in I will back U 4.5 as a hedge coz the chances of 5 goals given pasts 3 games is very very low. Also might do a bit of scalping as well during game. For me you are lower risk than horses with higher returns also.

[ingers]

Yes, I am scalping horse racing markets pre race. Trading football sounds interesting, I will check it out after I am comfortable with the horses.

Do you trade horses pre race? What return would you consider reasonable from £2 stakes?

Thanks for the feedback.

Yes I do but statistically returns much better on football strategy suggested. Providing no goals time erosion makes you profit rather than market moves due to weight of money. I reckon you would build bank more and with less volatility and more consistency using footy. I suppose if you can make 5-10% of your stake scalping then that is a "good" return but using £2 is a lot of effort/risk for minimal return if that makes sense.

[DarkHorse]

Seems a lot of trades for the return. I take it you are scalping? Suggest swing/scalp under 3.5or 4.5 goals on footy/ Not may games have over 4.5 goals. Check out soccer stats website. That will build bank. Also increase your bet size as trading means you are not actually risking all the bet as you trade out. Hope that helps.

Yes, I am scalping horse racing markets pre race. Trading football sounds interesting, I will check it out after I am comfortable with the horses.

Do you trade horses pre race? What return would you consider reasonable from £2 stakes?

Thanks for the feedback.

[ingers]

Re your target

Seems a lot of trades for the return. I take it you are scalping? Suggest swing/scalp under 3.5or 4.5 goals on footy/ Not may games have over 4.5 goals. Check out soccer stats website. That will build bank. Also increase your bet size as trading means you are not actually risking all the bet as you trade out. Hope that helps.

[DarkHorse]

Hi all.

I have been lurking for a while. (Lots of useful info, thanks.)

I got stuck in with the Geeks Toy on the 9th July, using the guide here as my staring point. After a period of fighting with the markets, I read Trading in the Zone by Mark Douglas, which made me realise the real battle ahead.

Apart from the Geeks Toy, Trading in the Zone, and the £60 I have "spent" from a £100 starting bank, the best investment I have made so far is in Caan Berry's trading guide. I have only read it once so far, but it has marked a definite change in my perspective.

My immediate goal is to develop the confidence to profit £2 net from 20 races using £2 stakes, after which I will double my stake...

Does this sound reasonable? Too cautious? Not cautious enough? (Thanks for any reply.)

Today was my first profitable day.

[loz1993]

Hello everyone

My name is Lorenzo, I am new to betting and exchanges I want to focus my aim on football as I like it more, I am a university student so a little extra will not hurt me I am really willing to learn, but it seems a bit hard to follow so if anyone is kind enough to provide me with some guidance where to start I will be very grateful.
I hope all of you had a wonderful day and the profits are in as they should be!

Best regards,
Lorenzo

[Mickey367]

Hi to all, yes yet another "newbie"with questions you've heard many times before.

My name is Mike and I'm an ex pat living in Aus. I guess there are a few differences and not just in the weather

To start with, whats a good free trading program I can have a practice with? I dont want to fork out hundreds of dollars until I know a lot more.

So far I've simply backed high and layed low (when I can). But that isn't trading, scalping perhaps its called? I have to wait for the race to finish. If the horse wins great, I'm in profit, if not I break even. if I've placed my bets at the right time.

I'm pretty sure the Aussie markets are smaller than the UK ones, would that make a big difference? In learning the process I mean.

Thanks and good luck to all

Mike

[Shakav]

Hi there joined the site after watching Caan Berry's trading videos. Started off myself using €5 and that but havent really got the hang of it yet. All tips are welcome, hopefully I can improve my trading.