My Betfair trading progress

backing

correct total 94.09 €

 

23/06
+ 7.61 €

Total 101.70 €
Profit 1.70 €

 

Good job looks like you're back on your feet Keep us updated!

 

are you promoting a system with this?

 

It's not a system but math - back high, lay low .. Use Google and you'll find everything you need to know before starting to trade.

 

24-27/06
- 58.15 €

Total 43.55 €
Profit -56.45 €

I was in a hurry on thursday and thought that I could do 1 quick trade, so I didnt view charts and just placed trade and it didnt get matched pre-race and then I let it go in-play and what do you now, few mins later I lost 60€, actually it wasnt trade as much it was pure bet but I've build myself up and start trading with positive mind tomorrow, as long as I dont blew my whole account I have hope. Just have to train myself to stop doing these stupid moves and accept small loss instead of big one.

Just read one traders blog and he had 282k £ in hes betfair account and his goal for 1 month period was to make 18k £ profit and thats about 6% in 1 month, so I started to think that maybe I have too big goals if I try to make 15% in a 1 single day. but its mostly because playing with small capital you would need so much profit that it would feel good.

 

Not an easy task to put yourself in front of a guaranteed loss but better make it small than go for 50/50.
Actually, even if the market goes against you, laying 3/4 ( depends on the amount of money you are working with and points you've already lost ) of the amount sitting on back will result in a trade with no ( if any, you'll not even notice it ) loss / profit, which is why I asked you earlier whether you back or lay first .. it's quite impossible to loose 1/2 of your balance in one trade.

 

Wow, trading is kind of complicated for me. But I'm interested in learning more about it. Looks like fun!

 

hi, sorry english is not my native language, so could you clarify this bit for me, because I'm not sure I got your point correct. thanks

 

Total 101.73€

 

Hate to say mate, but gambling you will always come out with a loss.

~ Slutz ~

 

man, it aint gamling. its trading, like stocks. I back and lay same horse. I dont try to pick winner as in gambling, im just predicting odds movements like brokers. I'm playing with odds movements not trying to pick winner

 

Best of luck then, but it's still gambling lol. Anything to do with putting money on anything is gambling or betting. Hence why it's called 'betfair'.

~ Slutz ~

 

Profit
1.12€ = 1.1%

withdrawed 10€

new balance 92.85€

 

I can easily get 1% daily but I'm poor student and I dont have much extra money and I had to save this 100€ for long time to get it. Maybe I do this for awhile and when I'm confident enough then I go to bank and take 50k loan and start making some serious money. If I would have that kinda capital I could work only 6 days with 1% average and would still make 3k monthly

 

Deposited 10€, balance before started trading today 102.85€

Profit
3.71€ = 3.6%

new balance: 106.56€

 

Profit
2.75€ = 2.58%

new balance: 109.31€

 

Profit
1.37€ = 1.25%

new balance: 110.68€

 

screenshot of my progress