Time out.

I have not posted for a while as i have not traded for various reasons, number 1 being my mind set, i lost a very dear and close friend a couple of weeks ago and it has hit me very hard.
I am now sprucing things up on my laptop now that i have sorted out my ISP issues i had, i have gone to BT total broadband option 3.

Looking forward to a return but feel i may be a tad rusty

Cheers and good luck to all
Ron

Trading Chances

It dawned on me last night whilst trading the evening race meetings, that as from next week evening racing will get less and less where we will get to the stage that the only chance for those of us that Trade partime ie evenings will be Wednesday, Thursday and Friday if we are lucky on the all weather tracks, this will leave me with a 1/2 day midweek and Saturday when not at football and sundays... how will i cope?

well i guess there are the dogs> no chance !
Football so many markets, and pitfalls and its all inrunning so not sure !!

My P/L was just £22.37 last night i took a couple of small losses, including one of £5.45 luckily as this selection went on and won and inrunning it never hit the odds that would have seen me make a smaller loss or indeed a profit, hence its always best to take the loss, it would have been smaller as i placed 1 trade, took the loss then re-entered the market only to see the odds go against me again, so i left it after that, moved onto the next market where i managed to pick up £3.89, then the next £2.67 so i had recovered my loss.

and to end, from a previous post.

"Get rich slow, get skint quick.
Trade pre race and don't let it go IR, take your losses quickly and be disiplined."


Cheers
Ron

The weekend+ exchange-secrets

I traded Friday evening, Staurday afternoon and sunday afternoon of the 3 days Sunday was the best for me, pulling in £53.65, Saturday was £42.03 and Friday £27.89.
I have now come to the end of my 15day trial with fairbot which i like a heck of a lot, i have downloaded bfexplorer but to be honest a weeks trial is not long enough, as it offers a lot trading/dutching, autotrading, autoclose postitions i do plan however to give it a go this evening when i get home from work, Next up will be Gruss but it seems i have trialed it before as it says so when i tried to run it, i may pay for the minimum time and try it that way.
I will also be doing bet angel for a month but fairbot at the moment is my prime favorite who knows that may yet cahnge.

Has anyone else seen this?
http://adamheathcote.blogspot.com/2009/08/exchange-secrets.html

Now i take my hat off to Adam however if i were pulling in £1500/2000+ a day a website looking for subscribers at £55 a month is the last thing i would want to do, its not as though he is "short" of cash is it.

Cheers
Ron

Gruss

Thanks to Paul on another post i have had a look up for Gruss, i may try it tonight if i get home form work in time, and maybe tommorow evening.

Just been watching this video showing stop losses at work, best part of any trading platform imo.

http://www.gruss-software.co.uk/Videos/StopLoss/Stop_loss.html

cheers
ron

This evenings P/L

I had a friend round this evening to demonstrate trading, because of this i was very cautious using smaller stakes ranging from £8 to £25, working across the 3 ladders watching and waiting for an opening Scalping a tick when i could which was a fair few times in some of the races, i managed to wingle out a profit of £23.76 from 16 races including 1 loss of £4.29 where 2 horse i traded on the odd went against me, as i was showing my friend the perils of trading and when to take a loss it just so happened the horse i had laid 1st romped home, had it gone in play the loss would have been far larger.

I actually enjoyed his company and the trading was stress free :)

My isp is still p"£!" poor, looks like i am going back to BT as the person i spoke with tells me that there option 3 broadband is unlimited.

Cheers
Ron

Betfair trading platforms and Monday evening results

Mondays nothing spectactular, just pure scalping 9 races p/l £18.79

I use or have used the following API products.
Bet-IE
FairBot
Betrader
Bet-Angel
Betpodpro

A quick run down,
Bet-ie Cost me £97 for trading its crap, for multi dutching backing or laying its fine, it looks like some from windows 95/98 era and could do with a major overhaul, i cannot remmember last time i actually used it.

Fairbot coming to the end of my 15 day trial period, as my last trial was for version 2.51 and they brought out 2.6 the day that ended i ended up with another 15 days :) Fairbot for Trading/scalping is a great piece of kit, i ilke to use the offset bets, where it instantly lays or backs the opposite when matched, also the stop loss feature is much improved as is the new take SP when gone into play thus closing your trade, example you trade just before the off say you back at 7.0 and are looking to get a lay matched at 6.8, the race jumps off and the be lay is cancelled you are instantly matched at SP this could well be 7.00 or 6.8 either way your matched and looking at a small loss or profit ratherthan sweating hoping the odds go in your favour inrunning.

Betrader
Another goood platform, quick to use for scalping when it does not "hang" or freeze this has happened to me, tools take and age to set up for stop losses ect, although the new version (when released some time early june :) ) will have right click stoplosses, it is now rather dated imo but still works :) cost is determined on minutes purchased in blocks of 500, 1000, 2000 or monthly quartly and yearly they are fairly priced and offer 6 months for 3 and other great deals. i am looking forward to the new version and giving it a good whirl.

BetAngel

Trading on the ladders is lightening fast, i also like the profit or loss column on the new version so its just a matter of clicking how much you want to lose or indeed win depending on the way the odds are going, right click stop losses are a bonus too, not sure about all the Graphs as they only show what has happened in the past and it seems too much information at times, i usually have a quick glance thats it no matter which platfporm i use.

Betpodpro
The new kid on the block and still in its developement tbh i paid £5 for a months worth of subscription and the version changed numerous times in that period, which is a good thing as they are trying to develope it, as with all the others its 1 click submission on the ladder or grid, with green up button, also has 1 click stop losses which i really like. Cost is £5 a month

Conclusion,,

at the moment fairbot is my numero uno/firm favorite but i will try a month with betangel but as i dont like paying subscriptions, i will look long term after this period, fairbot is a one off payment of £87 i think for 1 year which is a bargain imo.
I will eventually settle for 1 API product and stick with it.

Cheers
Ron

Words of wisdom

Picked this up on a forum elsewhere.

"Get rich slow, get skint quick.

Trade pre race and don't let it go IR, take your losses quickly and be disiplined."

Which i fully concur with.

stay lucky