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

[newbietrader]

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.

I know bro that is why trying to stay away from that, still layed alanjou today and he lost made 50 pens, I'm just ocassionaly doing it and would not use higher than 2£ stake laying

[newbietrader]

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.....

oh I know its not gonna be easy but if peter makes thousands I can just make a odd fiver or tenner at least, in no soon future I'm quitting my day job or using big stakes, its just gonna be side income and kill some extra time that I've in productive activity, kind of introvert and loner so this is better for me then going out hope you get what I mean

[newbietrader]

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

I've plenty of free time bro this is why

[newbietrader]

i thought experienced guys gonna help me out with this

[LeTiss]

Is it possible to make £10 from a £200 bank?

Yes, piece of piss, but that's because I've been around for a number of years

There aren't shortcuts, you have to do your homework and study the markets.
The advice I've given many newbies is to start off trading sports you enjoy and have an interest in, as this makes it more enjoyable when your getting to grips with how markets work and how prices move. Also, your knowledge of that sport will increase your confidence when placing opening trades.

I like the fact you've stated that you commit 5 hours. Most newbies want to find ways of winning £200 with an automated bot, so they can leave BA to work whilst they go and get pissed and laid

The important thing is to basically eradicate mistakes - winning 30p is better than losing, so NEVER fall into the bankruptcy trap of chasing losses, or letting a disappointing trade run 'in play'

What sports do you enjoy most, newbietrader?

[newbietrader]

Is it possible to make £10 from a £200 bank?

Yes, piece of piss, but that's because I've been around for a number of years

There aren't shortcuts, you have to do your homework and study the markets.
The advice I've given many newbies is to start off trading sports you enjoy and have an interest in, as this makes it more enjoyable when your getting to grips with how markets work and how prices move. Also, your knowledge of that sport will increase your confidence when placing opening trades.

I like the fact you've stated that you commit 5 hours. Most newbies want to find ways of winning £200 with an automated bot, so they can leave BA to work whilst they go and get pissed and laid

The important thing is to basically eradicate mistakes - winning 30p is better than losing, so NEVER fall into the bankruptcy trap of chasing losses, or letting a disappointing trade run 'in play'

What sports do you enjoy most, newbietrader?

hi yes I'm willing to put efforts in 5-6+ hrs a day watching and learning and I'm not expecting hundreds a day just 8-9£ will make me happy coz I know once I can make 8-9 later I can 80-90 I love em all horse racing football cricket basketball, I love tennis too but odds on tennis moves too fast to scalp

[newbietrader]

I traded once again today with 2£ stake made 0.04£ isn't it too low? like not even 10% of stake

[LeTiss]

I traded once again today with 2£ stake made 0.04£ isn't it too low? like not even 10% of stake

Winning 10% of your stake will come with experience. You suggested needing £10 from a £200 bank which is only 5% anyway.

4p is a profit - that's better than what many newbies will achieve today, and besides from £2 stakes that equates to 2%.

Don't be embarrassed by such a low figure because any profits show you are doing something right

[newbietrader]

I traded once again today with 2£ stake made 0.04£ isn't it too low? like not even 10% of stake

Winning 10% of your stake will come with experience. You suggested needing £10 from a £200 bank which is only 5% anyway.

4p is a profit - that's better than what many newbies will achieve today, and besides from £2 stakes that equates to 2%.

Don't be embarrassed by such a low figure because any profits show you are doing something right

yes mate even 8-9£ a day will make me happy what stake should I use for 8-9£? 2£ won't take me near that 8-9£ even if I trade all races

[newbietrader]

traded again now but football game made 0.17£ from 2£

[LeTiss]

Many traders will advise not using more than 5% of your bank on stakes, especially when you're still learning the ropes. Clearly £2 is what you were comfortable with, but 5% of the bank = £10

A 2% return on the day will give you £2, so it's all about continuing with learning the markets, don't be blinded by greed and you'll start feeling more relaxed about doing £10 per race, maybe even £20 etc

[newbietrader]

Many traders will advise not using more than 5% of your bank on stakes, especially when you're still learning the ropes. Clearly £2 is what you were comfortable with, but 5% of the bank = £10

A 2% return on the day will give you £2, so it's all about continuing with learning the markets, don't be blinded by greed and you'll start feeling more relaxed about doing £10 per race, maybe even £20 etc

I'll be glad making 1£ per race , won't trade all race will be selective should I use tenner as stakes now?

[newbietrader]

also my 2£ stake gets matched almost instantly would I face problem with tenner? like half stake staying unmatched at back and getting all matched at lay?

[newbietrader]

can anyone tell me how to use dutching tool? like I break even if one or two outsider came in and make few pens on 3-4 winners?

[burdo77]

Trading 101

Lay at the bottom of range
Back at top

This will not work all the time as you will have to use your judgement.

Set an entry point and exit point and stick to it....

I suspect it will take a year or two before you make consistent money.

Don't ever think you are better than any other trader as there are some bots that can manipulate a market quicker than you can say $&@?....