Posting P&Ls without context

[Euler]

It's taken you over a year to make what Memphis is making in a week, the time Vs money you've made is probably less than minimum wage...

It's also been my experience that practice mode is useless, you can't accurately record PnL and the simulated queue position gives you a false impression of fills.

It sounds like you’ve had a tough time getting traction and that’s frustrating, but taking shots at others won’t change that. Most of us have been through the same steep learning curve and there’s a lot of experience here you could tap into if you want to improve. People are much more willing to share what’s generally worked for them when you ask constructive questions and keep the tone positive. Constantly criticising or comparing yourself to others tends to put people off and makes it hard to take your points seriously.

[Goobs]

I'm simply stating facts, Peter. If you don't like facts, then maybe you should be spending less time on your own forum.

UK minimum wage should be the min bar to any financial activity, if you can't meet that, hat then you're basically wasting your time...

[jamesedwards]

Here is mine - For context I spent around 2 years gathering data and confirming an edge, I then started trading manually making profit (mid 2024).

At the end of 2024 I decided to subscribe to BA, I then spent the first half of 2025 working out how to automate my strategy using practice mode. Eventually going live May 2025 with some breaks before I got a VPS, since then I've been working on a second strategy to diversify... I've still not cracked that yet...

In my opinion no-one should be losing large sums if you have BetAngel, between practice mode and the ability to use tiny stakes in live mode - prove you can make profit first then scale up (I know bigger stakes feel less comfortable and risk tolerance etc changes if you are betting ££ instead of p - this is why I automate, fully hands off as I don't have the mentality for manual trading (yet).

Screenshot BF.png

That's great work! Even if you've maxed out the opportunity, £700 a month for a fully automated strategy is not to be sneezed at. It must be great to have something that you just set and forget and the money rolls in. Ignore the jealous bashers, some people around here would be very happy with only £500 per month.

[Goobs]

I can't see what you have posed as you are on my block list...

[Euler]

I'm simply stating facts, Peter. If you don't like facts, then maybe you should be spending less time on your own forum.

UK minimum wage should be the min bar to any financial activity, if you can't meet that, hat then you're basically wasting your time...

I'm talking about your posts of late, not this one specifically. You are not adding anything to the debates and just trying to be negative about everything.

I realise it's tough if you see people getting success you couldn't, but that's not the way to improve your situation.

[Goobs]

No, Peter, you're just upset because you want to keep the conveyor belt of wet behind the ears plebs coming so you can keep taking their money, and anyone who speaks up against that is to be silenced...

[Euler]

No, Peter, you're just upset because you want to keep the conveyor belt of wet behind the ears plebs coming so you can keep taking their money, and anyone who speaks up against that is to be silenced...

Another good example of what I mean. Everybody on the forum knows that's not true.

You are just trolling now.

I feel sorry for you, I honestly do.

So many con men out there and you are attacking probably the only place you could have an honest conversation with people actually doing it.

Maybe it's time to take a break?

[Goobs]

In the pit, the person on the other side of your trade was your enemy, it's the only way you can take their money. When you were lifting the offer and you could see panic in their eyes you knew you were on the right side of the market, none of this hiding behing a keyboard BS.

If you and a select few are making the "millions" you claim, the majority of users on Betfair should hate you, as you are the group taking their money!

[Lynskey888]

Aberdeentrad - really interesting post (and good going!) You should be pleased with that progress irrespective of hourly rate. You’ve done a lot of the groundwork now. As James said, a fully-automated strategy that makes five grand a year is a nice thing to have. No reason you can’t build on that with other ideas having come this far on your own.

[Crazyskier]

Yeah way less than min wage when you consider all the time back testing, thankfully this is just a hobby and I’ve got a proper full time job. Would be nice to be able to let the automation work away in the background though so I don’t have to, small steps.

Well done, even the biggest strategies started small. I started a new strategy three years ago that didn't make much initially, but once I knew I was on the right track, I refined it further and it makes a signficant contribution to my annual total last year.

It's taken me over a decade, but I'm still scaling my pennies nicely, and above all CONSISTENTLY.

CS

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[Euler]

In the pit, the person on the other side of your trade was your enemy, it's the only way you can take their money. When you were lifting the offer and you could see panic in their eyes you knew you were on the right side of the market, none of this hiding behing a keyboard BS.

If you and a select few are making the "millions" you claim, the majority of users on Betfair should hate you, as you are the group taking their money!

I know the ecosystem very well. The least likely scenario is traders consistently winning from other traders, and even less so Bet Angel users winning from other Bet Angel users. It can happen of course, but it’s not how the market mainly functions.

In practice, API users tend to outperform website users, and website users tend to do better than phone users. Traders generally outperform punters because they avoid paying the spread and operate with lower effective costs.

What’s actually happening is that traders provide liquidity to traditional punters. In return, they earn a share of the spread between the best available back and lay prices. That’s the core economic exchange, not some zero sum trader versus trader battle.

The “millions” isn’t a claim, it’s an observable outcome. I’ve personally seen many users accumulate genuinely life changing sums over time.

From the earlier posts, it’s also not clear what you were actually doing in the markets or why, which makes it difficult for anyone to suggest meaningful corrective action.

I understand how frustrating it is when things don’t work out, but it’s worth being careful not to let that frustration turn into a distorted view of how the market actually operates.

[Goobs]

I traded for a living for 20+ years but thanks for mansplaining how markets work, you are one hell of a patronising SOB at times Peter. Your repiles are always so benign its like its just an Ai posting the responses....

[Emmson]

I traded for a living for 20+ years but thanks for mansplaining how markets work, you are one hell of a patronising SOB at times Peter. Your repiles are always so benign its like its just an Ai posting the responses....

I agree that last sentence from Euler was extremely condescending.

[Euler]

I was actually trying to be sympathetic!

[Goobs]

It's like over the years you've formed this way of speaking without actually speaking, you're trying to remain so impartial your ass crack must be stuffed full of splinters!

I know why you do it, because you don't ever want to be nailed down on, "Peter said to do XYZ, and I lost money" The net result is you just never really say or do anything of any use, it's mildly infuriating!