Betfair Traders Software - Free for 2010

Betfair Traders Software - Free for 2010
Click on The Geek to download

Tuesday, 23 February 2010

Taken time to reassess what the hell I was doing

I've now gone back to where I was most comfortable, that is trading outsiders.

Randomly trading faves, 2nd faves etc worked 9 out of 10 times and then bang one would just go steaming to a big red with me just staring at the screen wiping out all my previous hard work.

I have applied disciplined to my trading and I am recording all results, in 210 events over the last 4 days I have gone 'bad in play' 17 times or 8.02%. For me that is a massive improvement.

I've also changed my Geeks Toy set up asnd removed the graphs, I found that they were not really helping me and since dropping them and keeping an eye on ATR and the odds has been much better in terms of trading the right horses at the right odds.

I feel I can now post on here without feeling a fraud as I am now actually trading and not trading with a bit of gambling to get me out of a hole.

I've seen the light and bank management is now key, I don't trade races that I feel don't meet my trading style and I therefore get myself in trouble less and therefore in play less. When in play I get out as soon as I possibly can, given I am trading 33/1 upwards I tend to have a bit more time to get out. The short distance flat races are never in play

I hope I can keep it up.