3 months and still not there yet

[frustrated]

Okay i have spent the last three months, about eight hours a day trying to find a way to make £500 or more a week with bet angel, but every time i think i have it the big upset comes lol. I prefer to trade the uk horses from 2pm to 6pm but i have lost nearly £3000 now but i'm much wiser for it, i lost most my money buy laying the last drifetr at 100 when i thought it had no chance, but as i know now they can bounce back to win from those odds every now and again especially in 5 furlong or the dreaded last hurdle, i was making £150 a day and loving it then bang it happened, i lost a £1000 in one hit, i was flapping and did not even get a chance to red up i had become so complacent. I have yet to find a way forward dutching and trading horses before the race is to tough. The only way that works paper betting is long trades on the football, but you need about £5000 to make it worth while and its boring, and it's seasonal and not everyday is a good trading day, although very low risk. Right now i'm working on laying then reding up on the horses then adding that amount of loss on to the next lay, and it seems to be working but obviously the more the lay the quicker you hit your reding up amount and i have been at a high liabilty on practise mode. I lost my money on basic before i realised that pro had practise mode (idiot) anyway i will not give up, but this is where i am so far, i see potential but have not cracked it yet. It would be great if someone could lead me in the right direction i would feel better if my brain could focus on one option, i'm starting to feel a bit thick to be honest because i know there are ways to do it as people do. I will stick to practise from now on lol.

[superfrank]

why do you suppose that laying a drifter at 100 is an edge in the market?

if you are laying selections at 100 when the real chance of it winning is say 150 (based on something more than guessing/hope) then, over time, and given a large enough sample size, you'll make money.

imho, with every strategy, you have to ask yourself "what is the edge?"

no edge, no trade.

[legendz]

were you manually laying the drifter or automating ,eg if you automate a lay to lay at say 105 after a few races someone will come along realize from the data what you are doing then they will place a back bet of your price on a likely winner thus triggering your automation then getting matched , i started 4 years ago and am just starting to put all my strategys together , i have 2 for greyhounds 3 or 4 for horse racing and 2 for football , i too lost money learning but i didnt have the priviledge of practice mode , as for laying at them odds forget it horses lose at 1/100 and win at 1000/1 not to often but it does happen and more than you would think . there is no perfect solution you need a lot of patience and dedication , its not easy , and sometimes isnt fun , and the biggest part is learn to control your emotions when taking a loss , i could lose a £100 and not even blink because i no i'll turn it around because i know how it works , once upon a time i'd have hit the roof , and having said that the lsat time i lost a £100 in 1 go was when chelsea scored the winner in the last minute in last years champions league , but made three times that on the final.

3 months is nothing , whendo you hear of doctors , surgeons, vets learn their proffesion in 3 months , and it is a highly lucrative proffesion to those who make it work , look to cutting then losses 1st they are unnecessary .

[frustrated]

Thanks for your replys guys. I'll kepp on pluging away and posting my ideas on here until i suss it.

cheeers

[Iron]

Remember that to trade effectively you not only need to suss out an edge, you need to suss out the psychological side of trading. As someone once observed, if you don't know who you are, the markets are an expensive place to find out...

Jeff

Thanks for your replys guys. I'll kepp on pluging away and posting my ideas on here until i suss it.

cheeers

[gutuami]

search this forum thoroughly and you'll find lots of good info. You'll have to squeeze the important bits but with some logic and additional questions you will find your niche. Use auto pager for chrome to scroll easier through forum's pages. Posts similar to yours appears at least a few times per month on this forum.
“Any necessary work that pays an honest wage carries its own honor and dignity.” W. Kelly Griffith

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