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Sitting there blindly clicking away may well make you a few quid. But in general, knowing what you are doing is a good idea! The markets throw up signals that help you to work out what may happen next. Your mission is to find these signals and interpret them. What is vital is to concentrate on the process and execution, NOT how much profit you are making.
Training is an excellent idea. Whether that is with me or with someone else. Invest in yourself! You must have the support of your partner when starting this journey. They will soon get fed up with you being away from the family unit every spare hour you have, possibly losing money too.
Partners expect instant results!!!! This is very unlikely. It brings like-minded folk together, lets them learn from each other in a friendly and creative environment. Having a shoulder to cry on. Someone who understands what you are actually talking about means a lot. The fear of missing out is one of the biggest hurdles we face as traders.
We see it on a daily basis with our Mastermind Group and on all the social media platforms too. So what is FOMO? How many times have you seen the old bandwagon leaving town? The urge to jump on is sometimes just too great to overcome. So you just manage to get on as it sails on by. Just as it slams into reverse gear and makes you giddy with the pace it reverses at! During the Workshops we do, the very first thing that is said is to do with finding a SAFE place to put your money.
Many times FOMO takes over, and all common sense and safe entries are forgotten. The secret is to learn how to get on that Band Wagon before it leaves town. In fact even better if you can drive that bastard! Then when you have got as many as possible along with you for the ride.
You jump off and leave it to find its own way. The alternative is when you miss the initial move, find the driver. Who is driving this Band Wagon? When I say that I mean which other runner s are moving in the opposite direction due to the BW move? Watch them very closely. The candlestick graphs may be a mirror as in the diagram below. This may suggest that the drift on the fav is being primarily caused by the steam on the 2 nd favourite. So who is the driver?
Which is driving which? The way we look at it is the Favourite always wants to be backed. So where better to start than with the fav? I have layed the favourite. So when is the exit point? There is almost always a delay before the odds start to react on the connected runner. In this case the fav. Just remember next time you jump on that Band Wagon. Here in MGW, we are waiting to get off at just about that time.
One such instance is when you have a trade in market and your screen freezes. There are a few things you can do to help yourself here. This happened on Saturday afternoon last on Betfair. When this happens your options are somewhat limited. There is one particular safeguard I regularly use; Take SP. If you enable this I have a video, showing how to do this it gives you some protection. What I would suggest is that you change the time of enabling Take SP to fit in the timeframe you are trading in.
Peter makes a better fist of showing you this in his training videos. You may notice I have had a revamp of my Workshops for the rest of If you are interested in learning how to trade take a look HERE. The big meeting in May apart from the Guineas meeting is at York and includes the Dante. The Dante is usually considered the most important of all the Derby trials. I expect the winner to shorten significantly in the Derby Ante post betting.
Something else of note today is Betdaq announcing a new product. They are calling it XSP. I expect it to be the same as BFSP. They are often inefficient and you do better by taking the price on offer to close. However, if you lost your connection, or the site goes down. They can be a godsend and adds an extra level of security. Another workshop for me this weekend. They are something I look forward to immensely. Taking bookings for July and September now if interested.
You can get the details HERE. The Dante Fav Midterm was 4. One of my favourite meetings of the year is held in the first week of May at Chester. With the first two Classics out of the way, and the end of the jumps season last weekend, the Flat season proper is now underway. Chester has some incredible history, which I am going to bore you with now.
Racing began on the site in and was allowed by the then Mayor Henry Gee. The course is an oval, akin to a Greyhound track. It is 1m and 1furlong around and runs anti clockwise. What you will see from the next 3 days is well catalogued. Races over 5 and 6 furlongs favour heavily runners drawn low.
They have a huge advantage. Hold up horses always struggle here. But track position; even in longer races is very important. I think having a well balanced horse is important too. They are always turning. Pretty sure the back 2 lay boys will be out in force today.
It could be a way in to piggy back some of the late money as the low runners are backed. Be aware of being on a low drawn drifter. It could turn quickly against you close to the off. Look for Tom Dascombe runners too. I always look for his runners here, if there is money down they usual keep steaming in. As with any trade I get involved in.
The most important thing I am looking for is my signals that I use to identify a trade. But if you are armed with the knowledge of perhaps why a runner is moving in a certain direction, then it gives added confidence and I can stake accordingly. Just a quick scan through sees Dascombe as the Fav in the 1st Race. In the he also has the favourite. He likes to run some of his nicer young horses here. There are some good races today. The highlight being the Chester Cup.
Run over 2m 2f 2 complete circuits and with 19 runners it is very competitive. Not sure of a way in yet as a trading angle. Tried hard not to jump on the Cheltenham bandwagon. Every single person with a vested interest in making money from traders have their snouts in the trough. Firstly, let me say that as a person who makes his living from Racing, and first and foremost is a huge fan of the sport.
I love Cheltenham week. It has always held my imagination and for any Racing fan, it is the World Cup and Olympics all in one. I love everything about it and I am very excited about the week ahead. Now with my trading head on I see things a little differently. Cheltenham is a fucking pain in the arse. We have had poor Racing for over a week, trainers have the better horses put away for Cheltenham, traders are keeping things tight so they have as much of a trading bank as is possible.
The week after Cheltenham is another dead week too. So for the pleasure of 1 week we lose 3. Can I make as much in that one week as to make up for the poor trading on offer in the other 3? You will know that I am pretty much a swing trader. My aim is to get involved in trades that give me more than 1 or 2 ticks. I also like to trade at the shorter end of the market. Where most of my trades are on runners with odds under or around 4.
These types of races are at an premium at Cheltenham. On the races where I can get involved in a swing, I can add in pretty much as much money as I like, with the knowledge of a stable exit position should things go wrong. Not something I can do on a Monday afternoon at Wolverhampton.
I think the hype is such that many traders, especially newer ones will be thinking that you just have turn up. The promise of extra liquidity will be a licence to print money. One of the scariest things is the shear volume of money in the market. If this was a Tuesday when there were 7 checkouts open it would be a massive problem. There are 35 checkouts open, and there are 2 members of staff on each one, helping to pack your shopping and get you through as quick as possible.
So in the big scheme of things, you only have to wait a little longer than usual. The truth about Secret Sauce. I think I know the answer. I will share that with you now. Lets fast forward to modern times. Here lies a massive clue to understand trading btw. I want to make sure that everyone knows that there is no such thing. Are these people are the modern version of that telephone tipster? Give it a go. You have nothing to lose.
Mental Toughness Let me be blunt. BUT, do not exchange trading for spending a little time with your family. Toolkit What do I mean by a toolkit? Click here for Strategy Tutorials! Please note! Download and Try the Free Trial versions here! Regular Trader Bot Betting Assistant version:. The bot has many built-in criteria settings and indicators. Also you can filter your trade with race types or with any custom text.
Easily adjustable Back and Lay bet properties and built-in auto liability stake calculator optional with adjustable min. Auto data listing system can be faster than 1 sec. Disclaimer: Use the bot responsibly. We are not responsible any of your actions. When a market is finished it jumps to the next one. The spreadsheet automatically clears itself and ready for the next market!
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