Friday, 24 October 2014

24/10/14 That Friday Feeling

Well what a day today was. Had a good start by trading some tennis early doors. Even though I've previously said I'd been burnt many times with tennis, I was attracted to the match ups today and I seen some potential.

My target today was £5.42 of profit using my running bank of £211.38.

I well and truly smashed it.

I had 3 successful tennis trades

This was a great start to the day and gave me confidence approaching the horse markets.

I then started the trading horses before the off (1 main rule DO NOT GO IN PLAY TAKE A LOSS BEFORE) and I started reasonably well. In fact I was in the groove, just disappointing I had to leave it for a Doctors and Dentist appointments.

Only 1 loss. Personally I'm not counting the last 2 races. I came to them late and purely matched a fiver either side of book to get live feed. Having looked at rest of tonight's races I've decided to quit while I'm ahead.

To finish the day with £64.73 profit is a great achievement.

Few beers tonight and relax in front of the box. :)

Thursday, 23 October 2014

Day 1 - 23/10/14

Finished work and then I set about trading the horses. As stated my target was £5.13 profit or a 2.5% increase on my bank of £200.

Today was ok, a few wins and a few losses. Although I managed to minimize the losses and I came out with an overall profit of £11.38 (more than double my target) So I'm happy.

**Need to keep an eye or other horses as I missed a few swing trades today, purely as I was focusing on the horse I was trading. I'm hoping with experience this will come.

All in all a good days trading. Onwards and upwards!

Wednesday, 22 October 2014

The Beginning

I've been actively using Betfair since 7th July 2014. I've experienced the highs and the lows of it. I've traded Football, Horse racing, Tennis and Rugby League. The potential is unreal but getting consistency is key. It's a mental state of mind, I'm convinced of it. If I'm not in the right frame of mind then it all goes tits up.

I've decided to start this blog to record my betfair trading activity, a way of being accountable and something to look back on.

As of tomorrow (23/10/14) I'm starting with a £200 bank and my daily aim is to increase it by 2.5%.

£200/0.975 = £205.13 or £5.13 profit for day 1.

I'm going to focus on pre horse race trading (MENTAL NOTE "DO NOT GO IN PLAY TAKE A SMALL LOSS IT'S OK" :) ), this is work permitting as I have a full time job. I'll also trade Football in the evenings. I've decided Tennis isn't for me, I've been burnt to many times trading it but that's another story.

Well I'm off to bed now and tomorrow the journey begins... The Beginning.