A natural or just confidence

Went to a friends to show him how to trade, he has watched Videos, read lots of stuff on various websites, he has downloaded BetraderPro ready and willing to go.
we loaded up the 1st race of the day, i was cautious and used my normal stakes (his money) and backed a selection for 5.5 then placed a lay in for 5.4 both matched i then repeated it and hedged for a profit one which i would be happy with, he seemed a little dispondant that it was low, i told him it took 2 minutes, we had secured a profit no matter, his starting bank was £800 !!!!!!! i traded the next race for stakes of £200 ! for 4.8 back and 4.6 lay then hedged for an £8 odd profit, i must admit it felt great using the larger stakes... i then decided he should have a go... he waded in backing a selection for £200 at odds of 5.6, then waited (i would have placed the lay straight away at 5.5 or 5.4, then the odds dropped to 5.2 he placed his lay at 5.1 and about 1 minute later matched, he then hedged for an £18+ profit.

i sat back and left him to it, i left as i had things to do which of course included trading of my own, i only managed the last 6 races feeling good i managed to squeeze out a profit of £22.23, including a couple of swingers, i backed and the priced plummeted.

I have had a call from my mate he traded almost all races today, took a couple of hits (ie he spread the loss) and ended up making £136.76, he cannot wait till tommorow, i recall my 1st day i had a £30 bank and i was trading with minimal stakes of £2.00, so it looks like he is a natural, he is a top guy as he sent the £10 i made via paypal.

Hope all have made profits lately
cheers
Ron

Explaning trading

I have come across a friend at work who likes to punt on the nags, had the winner in the national, but he dutched 6 horses so as i told he actually had 5 losers, but he still hada profit, said i trade on betfair he has never used a betting exchange, explained backing/laying and hedging to go green, he now wants a live demo :) i have pointed him to other sites that have good videos he text me about an hour ago saying he has watched almost 4 hours of videos..
has downloaded betrader and wants me to go to his and show him the ropes.. yikes..

Onto todays P/L i only managed the last race at Ludlow (drove through it on Monday) and 5 races at Tipperary taking in £9.11 profit,

so happy days

Ron

Days of annoyance

started off well, taking a couple of pounds profit, i then backed a selection for £60 and placed the lay in 1 tick down, the odds suddenly went upwards at a remarkable rate, infact too much in that i could get a lay order in as my bank was not sufficient, so i was sitting there staring at £60 pound loss, i had no option but to let it go in play and hope the odds would come down enough for me to get out at a small loss of course this was not to be and i hedged for a £40.28 loss, this reduced my bank to £89.31, i was determined to get some of that back from the remaining races of the afternoon and evening so set about it and had 1 loss from the remaining races, i ended the day on a Profit of £5.24
But dont you just hate it when a trade just jumps without no reason? we were talking 4,5,6 ticks.. you just cannot tell when its going to happen nor reacted fast enough.

Cheers
Ron

A good days trading

well i had the day off work and traded every race this afternoon only losing the 1 for -0.59p and ending the day on a profit of £29.48, i have been asked how do i achieve this kind of profit using the stakes i do, which today was £60, i nearly always start out with a back, then a lay have a look at the picture attached to the this post, You can see i backed Kentuckys Boy for £60 at odds of 7.0 then laid it for £60 at 6.8, i then pressed the hedge button and this laid me £1.71 at 7.0 for a profit alround of £1.71, if i can i try and repeat this thereby doubling the profit.

happy days

Ron

Bad start so i gave up

Started with the 1st race today, managing a 0.71Pence profit it was hard work just to get that, i then traded the next 3 races and lost in all 3 for a total of £5.14 so i said, the sun is out, lets go and enjoy it.

Cheers.

Skullduggery?

A friend of mine who trades the football only told me of something that happened to him recently, he was trading the under 2.5 goals market, there had already been 2 goals and it was late on in the match, he decided to back the under 2.5 for £200 for odds of 1.78 hoping to green up a few ticks down, he was sitting watching the betrader pro screen as his £200 was not matched in fact there were £100's at 1.76 and some moneys just above his, when all of a sudden the money below some £500+, his £200 and other moneys as well as the cash at odds higher was swallowed up, then about 2 to 3 seconds later bang the market suspends clearly someone was either at the match or had a live feed and gobbled up the money over £1000, now his question his whoever pushes the suspended button must have fast information.

It makes you wonder though.

So he lost £200 from this match and was not happy as it was sitting there un-matched fo ra while, then in one movement his and others cash was gone, as the 3rd goal closed the market.


Cheers

Back to it,

Well i finally got back to trading after a good few days off, i managed the last 6 races of the day from 5.00pm onwards, using just £50 stakes i managed a total profit of £15.35, the last race at 19.55(i was down as i thought there would be later racing), the last race returned £3.33, but should have been £7.91 as i had worked a lot of trades in the right direction then the last one went against me so had to take the reduced profit.

Cheers