so I ****ed up another bank

[pkrvie]

Ahh, you should have mentioned you wanted a more sympathetic reply rather than explanations of why and where things went wrong.


Chin up, I'm sure you'll get it back soon enough , we've all done it etc etc

Its just a question of how you treat new members, and obviously I was quite angry at the time (and still am) when I posted first - so with a little social competence there would have been much better answers to my problem.

btw. I crashed my first bank when I had a trade open and betunfair went down for ~5 minutes. my fault of course, but in my opinion it should be no problem to take higher risks with low bankrolls. Currently I am up ~1k on basketball, tennis and soccer trades and lost around 1.4k betting on horses, so my total loss is not that high that I couldnt survive it...

[Cran]

Its just a question of how you treat new members, and obviously I was quite angry at the time (and still am) when I posted first - so with a little social competence there would have been much better answers to my problem.

You got the answer...

You should be using minimum stakes until you know how things work, and even when you know what you are doing don't bet anything you aren't prepared to lose.

making money on betfair is not easy, more people lose than win...

Don't buy anything of anyone who tells you it's easy.

Welcome to the forum

[1/4 of a millionaire fund]

Its just a question of how you treat new members, and obviously I was quite angry at the time (and still am) when I posted first - so with a little social competence there would have been much better answers to my problem.

I can't see anything wrong with the answers you had and if they offended you god knows how you'll cope with the stress's trading brings.

btw. I crashed my first bank when I had a trade open and betunfair went down for ~5 minutes. my fault of course, but in my opinion it should be no problem to take higher risks with low bankrolls.

So that's twice you've blown the lot by using the full bank and still happy to trade the full bank most of the time

[luckynumberslevin]

So that's twice you've blown the lot by using the full bank and still happy to trade the full bank most of the time

some people know the dangers of smoking still don't mean they will not light up at every possible moment

[Larry]

You got the answer...

You should be using minimum stakes until you know how things work, and even when you know what you are doing don't bet anything you aren't prepared to lose.

making money on betfair is not easy, more people lose than win...

Don't buy anything of anyone who tells you it's easy.

Welcome to the forum

Before that,I think that our colleague should take a break of 2-3 days,calm and relax.
The time that is most probable to lose a lot of money,is right after you have lost a lot of money.
Proven!
If I look back at the past,that is what happened with me.

Then he should explore this big jungle named Betfair and then try to win some cash...

[LuckyYou]

Before that,I think that our colleague should take a break of 2-3 days,calm and relax.
The time that is most probable to lose a lot of money,is right after you have lost a lot of money.
Proven!
If I look back at the past,that is what happened with me.

Then he should explore this big jungle named Betfair and then try to win some cash...

Damn thats so true! After a big lose people are getting out of control and the chances of increasing the number mistakes are higher than ever. Another way of quick losing money - overfatigue! Good night sleep is very important despite the fact that the stress keeps you awake

[Temujin]

I dont know who the ignorant is. I am a rookie, I might have made a mistake but you are way out of line here. You should thank god that there exist stupid people like me that make you mirrions of money.

Dear god will there ever be a betting forum without stuck-up members...

I think you put people on the back foot with your opening post that seemed to implicate faulty software, which happens quite a bit (people implicating, not software issues).
Remember, the mood of your post is how the person reading it interprets what they are reading and what they think your post mood is...
But forget about anything you have taken negatively, and take the good advice that is pouring out to you in this thread, believe me, between us all if it can go wrong, it has happened to us.

[chrishorne]

pkrvie,
hope i can help. firstly, larry in last post gives good advice, take a break for a couple of days & calm down, get your head around things. I, as everyone had to learn by my mistakes, & have also suffered the same problems as you, ie, use all my bank & then get left in the s**t. Its not funny i know. But my approach to my trading was influenced largely by having worked for 25 years for my fathers on-course bookmaking firm. That was a massive mistake, the two forms of gambling are not all similar to each other so i had to set about & try & change my way of thinking altogether, I honestly think that those people who had never experienced any form of gambling were at an advantage over me as they learned about trading without external influences. Anyway, the one golden rule I have been able to transfer to trading is, NEVER EVER go 'all in', thats for poker players. Whatever our turnover was on a race we always tried to ensure that we never risked more than 33% /50% of that figure, that way if we had a losing race we were always in a position to go again, playing with all your money on 1 event will guarantee that when it goes against you, (which it surely will) you will end up skint. So to recap, discipline yourself to make sure your liabilities are never more than 33% of your bank & if you do ever have a disaster again, walk away because when you're angry you'll make more mistakes. Trading, or any other form of gambling is never going to be an overnight success story, time & patience is the order of the day.
That was a bit long winded I know but I hope it might help