making tenner a day for newbie possible or am i expecting to

[Naffman]

I think any newbie would want 50 pence per race, but that doesn't make it any more likely that its going to happen.

[newbietrader]

I think any newbie would want 50 pence per race, but that doesn't make it any more likely that its going to happen.

bro even peter and caan berry started somewhere and I'm no greedy I'm willing to take anything that market is generously giving me let it be 30-40 pens, it would be good to make 8+£ at the end of the day

[Naffman]

All I'm saying is it is most likely you will blow your first bank, like most people do. As I said before, I think it is unrealistic to expect a profit when never traded before, breaking even would be a fantastic result so try and aim for something more attainable.

[Wyndon]

Did anybody start off making a consistent income?

[newbietrader]

All I'm saying is it is most likely you will blow your first bank, like most people do. As I said before, I think it is unrealistic to expect a profit when never traded before, breaking even would be a fantastic result so try and aim for something more attainable.

I blow half bank when I straight layed dutch empress few weeks back that's why I don't really straight lay anymore thanks for the comments though, do you know what 5£ per tick mean?

[newbietrader]

Did anybody start off making a consistent income?

I think you can make good side income with this but never give up on day job

[Naffman]

5 pound per tick means for every price movement, 2.5 to 2.52 or 4.0-4.1, you will earn 5 pounds. Obviously requires quite a bigger bank. Hope this helps

[Wyndon]

Did anybody start off making a consistent income?

I think you can make good side income with this but never give up on day job

I'm sure that's true, it's just that I think losing is part of the learning curve and that you make different decisions using real money than you would in practice mode.

[newbietrader]

5 pound per tick means for every price movement, 2.5 to 2.52 or 4.0-4.1, you will earn 5 pounds. Obviously requires quite a bigger bank. Hope this helps

thanks bro should just put 1£ per tick then as I only have 200£ bank?

[newbietrader]

Did anybody start off making a consistent income?

I think you can make good side income with this but never give up on day job

I'm sure that's true, it's just that I think losing is part of the learning curve and that you make different decisions using real money than you would in practice mode.

yup emotion changes when real money is involved that's why I thought going live with 2£ stakes than practice mode

[newbietrader]

is there anything specific I should look for when scalping and taking few ticks here and there besides graph and WoM?

[newbietrader]

today I layed perceus in nottingham 12:50 at 4.8 and it lost made 50 pens, should I do this for few pens and see how I roll?

[Murgo]

Newbie ... stay away from straight backing / laying unless you are some sort of guru or have a proven strategy. It is a recipe for disaster ... trust me I have blown more banks than I care to remember trying.

It takes a while to get ok at trading ... just put the time in and get more experience ... eventually you start to win more than you lose.

[fumanshoe66]

Oh Newbie,

If only it was that easy. There's people on here that are not even breaking even everyday after years of trying and looking for that winning formula.

A 10er a day would of been great starting out but unfortuneatly theres no shortcuts. Its like a good salesman he knows his product inside out and therefore can sell it well,you must learn the markets this in my opinion is only possible using real money.
Also trade markets you have knowledge in.

Check out MGEducational on youtube a must for new traders to learn how and why markets move.

best of luck and small steps over long periods TRADING, laying horses may look easy but is a quick way to the poorhouse unless as already stated you have a winning formula.....

[spreadbetting]

I'd have thought £10 per day should be easy if people only played when they had an advantage. Trouble is people like to play every race and flick bets into the market in hope which usually negates any wins they might have from doing things right.

Obviously spending a day watching the markets waiting for those opportunities might not be the wisest way to earn a £10 a day