1 Graduate, 1 year and £3,000. What will happen?

[aines88]

Some solid advice given so far. Good luck on your journey!

[Kai]

Wasn't Adam Heathcote around that age, 22-24ish? Not sure if his blog is still alive, could be a decent source of inspiration for OP if he ever needs any

But as to how realistic Adam's results would be for a newbie nowadays, that's probably a different story altogether.

[Derek27]

Wish someone told me that Betfair existed at 22,

I wish Betfair existed when I was 22.

[Jukebox]

Wish someone told me that Betfair existed at 22,

I wish Betfair existed when I was 22.

I wish I was 22 !

[TraderFred]

Some really good advice been given already, as you would expect on this forum. People have touched on the psychological aspect, which is going to be critically important to you going forward.

You may not know this, though every human body has a tiny little chimpanzee living inside it. If you do not take good care of your trading psyche, the chimp will grow. If you let it get out of control, the chimp will eventually take over your body and mind, making it very difficult to trade efficiently.

I’ve been on the chase more times than Bradley Walsh, and blown more banks than a safecracker. My knuckles drag along the floor when I walk, and my body is covered in thick black hair.

It’s too late for me, though you still have every chance. Look after your psyche and the trades will take care of themselves.

I wish you all the best.

[aines88]

It’s too late for me

Was this meant in jest? Don't want to derail this thread but suppose it helps in a way, if you tell yourself it's too late then it will be too late for sure. In my view, with enough work/focus on yourself you can undo bad your bad habits. Not saying that everyone can become a high performing trader but telling yourself it's too late is self-fulfilling.

[Trader Pat]

It’s too late for me

Was this meant in jest? Don't want to derail this thread but suppose it helps in a way, if you tell yourself it's too late then it will be too late for sure. In my view, with enough work/focus on yourself you can undo bad your bad habits. Not saying that everyone can become a high performing trader but telling yourself it's too late is self-fulfilling.

I agree to an extent but you have to be honest with yourself at some point if its not working out.

[rik]

think a lot of beginners focus on swing trading pre race uk horse racing maybe because a lot of information on youtube, forums etc is about that, lot of them fail to do well
id call myself an expert by now but its one of the harder things for me
its all about being confident about a general price move earlier than others which you need to have better indicators than the majority which is not easy and also not the most scalable approach in my opinion
in a regular uk race you would probably just focus on 2,3 runners max manually as swing trading requires more supervision and a regular race you will trigger some bets and have noticable influence on the price betting hundreds already so you need to get big differences in price regularly to make good money
say you used payout staking 1000 and get 5% difference in implied chance you make 50 and thats very optimistic
my advise would be to start out scalping on lower liquidity races as thats way easier and you get a feeling for what prices and stakes can sensibly offer, whats a bad value match etc or find a niche that suits your interest/mentality and leave pre race uk racing for later

[Crazyskier]

Hi, welcome aboard. Nice to have some youngsters on the forum......most of us are middle-aged and moaning about something

Well, age is rarely kind. The older I get, the more I find I have to moan about!

To the OP I say this. Try to see it as a game at first. Play for pennies so that the inevitable losses don't hurt you OR YOUR MINDSET.

CS

[CallumPerry]

Hi Betting_student,

I also started this around your age. I am 26 now and have had a very enjoyable last few years. I feel I have learned a lot of new skills and, like Kai said, have learned a lot about myself.

What I would say to myself at the start of the journey is to identify my strengths and interests ASAP. I saw the horse racing pre off markets and dabbled with them (very fun and I do revisit them from time to time) but there are so many more places to work away and develop you niche. I have found it fun to get involved with several sports, though I recommend focussing on one first and crack it before you move on.

This may just be personal to me but I also realise I am much more suited to automated trading rather than manual (though learning about both and striving to be good at both is within my aims). Because of this, I wish I'd learned how to collect data properly early on, manage it day to day and analyse it. For you, I would simply get involved with the markets live with small stakes first of all but keep other sports and automation on your radar. Some very good advice thus far. If you've worked out how to operate the PM's already too, drop us a message. Nice to have another young face around here, though I've probably aged considerably since 22. All downhill past 25...

Cal

[Kai]

Wish someone told me that Betfair existed at 22,

I wish Betfair existed when I was 22.

I wish I was 22 !

I wish I had 22 wishes

[Derek27]

I wish Betfair existed when I was 22.

I wish I was 22 !

I wish I had 22 wishes

I'd like to be young again but wouldn't like to go back to the days when I'd freeze or have a heart attack whenever a girl spoke to me.

[The Silk Run]

Hi Hi Betting_Student
Welcome. I am ensconced in studies, albeit virtual !!! Should you wish to reach out ...
Good luck
Minnie LAI

[ruthlessimon]

I am taking the view that the next 12 months is essentially 'a free year' for me to try new things, discover what i want out of life and challenge the status quo and this is where Betfair trading comes in...I have a slightly crazy idea...I want to spend the next year learning to pre-race trade on Betfair (Horse racing) and i want to document my journey.

How are you finding it so far?