Going round in circles!

[BetWin]

I bought BA around June last year, been working my way through Peter's videos, playing around with the software, having a go at using automation and tweaking Dallas' bots etc, all good. Doing plenty of reading up on here as well including the "Trading What I See" thread which has given me plenty of good ideas.

But....and I'm aware I've only been doing this 6 months and I'm not expecting to be in profit anytime soon- but I thought I'd have a bit more of a grip on exactly what I'm supposed to be looking for by now? I've come to this from matched betting and I did read something from Peter recently where he said matched bettors are the worst at adapting to trading as they expect it to be "do this, then that, then £££" and I'm hoping I just need to be a bit more zen about it and eventually I'll see the light ( or I'm just shit at trading )

Also- the market I'm concentrating on is pre-race horses...am I making life really hard for myself by trying to make sense of really quiet volatile markets in crap weather in winter? Should I give up on horses for now until Cheltenham and look at some other markets? I thought about dogs but then I assume I'm trying to work on even more volatile markets instead!

Any thoughts welcome!

[Derek27]

I bought BA around June last year, been working my way through Peter's videos, playing around with the software, having a go at using automation and tweaking Dallas' bots etc, all good. Doing plenty of reading up on here as well including the "Trading What I See" thread which has given me plenty of good ideas.

But....and I'm aware I've only been doing this 6 months and I'm not expecting to be in profit anytime soon- but I thought I'd have a bit more of a grip on exactly what I'm supposed to be looking for by now? I've come to this from matched betting and I did read something from Peter recently where he said matched bettors are the worst at adapting to trading as they expect it to be "do this, then that, then £££" and I'm hoping I just need to be a bit more zen about it and eventually I'll see the light ( or I'm just shit at trading )

Also- the market I'm concentrating on is pre-race horses...am I making life really hard for myself by trying to make sense of really quiet volatile markets in crap weather in winter? Should I give up on horses for now until Cheltenham and look at some other markets? I thought about dogs but then I assume I'm trying to work on even more volatile markets instead!

Any thoughts welcome!

There's nothing wrong with starting on horse racing to small stakes and getting a feel for the markets, trying to get on the end of swings. Cheltenham probably isn't suited to newcomers, with the high volume, congestion and the fact that they don't trade like your typical markets.

If you're struggling with racing, sports like football and tennis (or sports that you're interested in) might be easier to understand with fewer competitors and a bit more predictability. You won't get a football team slowly drifting from 5 out to 13 in-play for no reason and you can predict what price it will be if they concede, so you're in a bit more control of your trades.

[goat68]

I bought BA around June last year, been working my way through Peter's videos, playing around with the software, having a go at using automation and tweaking Dallas' bots etc, all good. Doing plenty of reading up on here as well including the "Trading What I See" thread which has given me plenty of good ideas.

But....and I'm aware I've only been doing this 6 months and I'm not expecting to be in profit anytime soon- but I thought I'd have a bit more of a grip on exactly what I'm supposed to be looking for by now? I've come to this from matched betting and I did read something from Peter recently where he said matched bettors are the worst at adapting to trading as they expect it to be "do this, then that, then £££" and I'm hoping I just need to be a bit more zen about it and eventually I'll see the light ( or I'm just shit at trading )

Also- the market I'm concentrating on is pre-race horses...am I making life really hard for myself by trying to make sense of really quiet volatile markets in crap weather in winter? Should I give up on horses for now until Cheltenham and look at some other markets? I thought about dogs but then I assume I'm trying to work on even more volatile markets instead!

Any thoughts welcome!

Hello fellow match bettor!
My advice enjoy it but don't expect to make any money...
Which as you say is opposed to match bettor mentality!
If you're lucky you may surprise yourself....

[beermonsterman]

I bought BA around June last year, been working my way through Peter's videos, playing around with the software, having a go at using automation and tweaking Dallas' bots etc, all good. Doing plenty of reading up on here as well including the "Trading What I See" thread which has given me plenty of good ideas.

But....and I'm aware I've only been doing this 6 months and I'm not expecting to be in profit anytime soon- but I thought I'd have a bit more of a grip on exactly what I'm supposed to be looking for by now? I've come to this from matched betting and I did read something from Peter recently where he said matched bettors are the worst at adapting to trading as they expect it to be "do this, then that, then £££" and I'm hoping I just need to be a bit more zen about it and eventually I'll see the light ( or I'm just shit at trading )

Also- the market I'm concentrating on is pre-race horses...am I making life really hard for myself by trying to make sense of really quiet volatile markets in crap weather in winter? Should I give up on horses for now until Cheltenham and look at some other markets? I thought about dogs but then I assume I'm trying to work on even more volatile markets instead!

Any thoughts welcome!

My 2 pence is dont wait for Cheltenham its a big players market where the pros scalp thousands through the market swings are few and far between ladder screen time is the perfect learning curve for newbies
focus on high liquid markets with short priced favs and non hcaps as a starting point and maybe not pay too much attention to Irish races either unless big meetings are on should see you ok to start with
some Handicap races are ok to trade with less than 8 runners
That's my opinion and dont take for gospel everyone to their own lol
good luck

[BetWin]

I did wonder about trying football but always thought I'd need more knowledge of the game/teams etc to do inplay successfully ( not a big football fan). That said I can see that it would be much easier to predict how far a team could drift etc as opposed to 10 horses all changing position in the pack. I do follow tennis though so with the Aus Open on at the moment I'll get some ladder time in on that and see how it compares ( if it goes ahead).

I think I need to be more picky with the races I go for as well. I've steered clear of Irish racing mostly, as the charts are bouncing up and down but other than that I'm trying my hand at any Class 1/2/3 race I can get on. Probably need to calm down a bit!

Presumably as I'm not going to be smashing £1000 stakes on any time soon, the world is my oyster as I don't have to worry about getting my order filled as much. I could try and find a strategy for 3rd division Mongolian football if I wanted- It's the liquidity and volatility that would do for me I suppose.

Think as Goat said, slow down, don't expect to be quids in in 3 months time, and enjoy it. Any ladder time is good for learning!

[sniffer66]

If you know and follow tennis then I'd reccommend it for trading. 2 players only and the price moves are very predictable based on an outcome. Also fire up BA tennis Trader and watch the price moves against predictions - you'll get to know them by heart after a while but Trader is useful when you are getting started

I hesitate to reccommend a site to learn from but TradeShark is a cheap, one off cost (around £40), Paul Shires who runs it is 100% legit (lots of free vids on YouTube to watch hime trade live) and there is a free Telegram group to ask questions on.

[Kai]

I've come to this from matched betting and I did read something from Peter recently where he said matched bettors are the worst at adapting to trading as they expect it to be "do this, then that, then £££" and I'm hoping I just need to be a bit more zen about it and eventually I'll see the light ( or I'm just shit at trading )

Any thoughts welcome!

Think about it, coming from something like matched betting where you can make a bit of free money without any risk whatsoever does not prepare you for trading, if anything, it works against you.

There is no natural progression here, no chance to build upon the existing skillset, it's on the opposite ends of the spectrum. An expert bettor or a financials trader etc would be a more natural progression, in a nutshell someone that actually risks his money to try and make more of it.