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

[newbietrader]

I hope people don't mind if I share my ups and downs daily here

was going along nicely making few pens here and there was up to 4£ then in last race it was going my way then suddenly large chunk appeared and then it jusy went all red and there goes my 3£ in one race

[spreadbetting]

How can you lose £3 from trading with £2 stakes ??

[newbietrader]

How can you lose £3 from trading with £2 stakes ??

layed at 3.3 then it got backed heavily sadly let it go in play lost 2.56£ exactly

[spreadbetting]

K, I'm guessing a lot of that £4 profit was from taking shortcuts, also. You'll never make it as a trader if you don't knock these bad habits on the head soon, that's twice in a couple of days you've let things go in play by being too stubborn to take a red.

[newbietrader]

K, I'm guessing a lot of that £4 profit was from taking shortcuts, also. You'll never make it as a trader if you don't knock these bad habits on the head soon, that's twice in a couple of days you've let things go in play by being too stubborn to take a red.

took 3-4 ticks profit on some races coz I knew I layed at bottom, even in last race could have easily got 2 ticks profit but I thought its gonna drift more but it got backed heavily in last 2 minutes and I let it go in play

[newbietrader]

1 tick hardly gives me 0.01-0.02£ with 2£ stakes

[fumanshoe66]

your fooling yourself newbie. you want to make 10er a day, you want winning stratigies, you want people to show you how to make money but not much only a few quid, but you have also said in time you want to make much more??

how unlucky were you in that football match a goal so quick?

What you really want is free money no such thing my friend. unless your prepared to learn the hard way which takes time your gonna fail and drive us all mad in the meantime..

[marko236]

1 tick hardly gives me 0.01-0.02£ with 2£ stakes

Newbie you are new to trading, to make £10 per day you would have to trade £2 about 500 times a day in total about £1000 put into the markets.

To make £10 a day i would use about £7 per trade, but remember your new to this and the more money you risk per trade could mean you lose more money.

[gutuami]

1 tick hardly gives me 0.01-0.02£ with 2£ stakes

when you get it wrong 1 tick hardly takes from you 0.01-0.02£ with 2£ stakes but you somehow manage to loose 2.56 if I remember correctly in one go. Think about that.

[newbietrader]

your fooling yourself newbie. you want to make 10er a day, you want winning stratigies, you want people to show you how to make money but not much only a few quid, but you have also said in time you want to make much more??

how unlucky were you in that football match a goal so quick?

What you really want is free money no such thing my friend. unless your prepared to learn the hard way which takes time your gonna fail and drive us all mad in the meantime..

nah I'm willing to put in work bro just needed lil help from you guys and wanted to know if its possible or I need to take my expectation down, id like to make more but after I'm confident enough, yea I thought soon price gonna drift but liverpool was too good for palace

[newbietrader]

1 tick hardly gives me 0.01-0.02£ with 2£ stakes

Newbie you are new to trading, to make £10 per day you would have to trade £2 about 500 times a day in total about £1000 put into the markets.

To make £10 a day i would use about £7 per trade, but remember your new to this and the more money you risk per trade could mean you lose more money.

£7 per trade marko? then I'll make around 0.06£ per trade?

[newbietrader]

1 tick hardly gives me 0.01-0.02£ with 2£ stakes

when you get it wrong 1 tick hardly takes from you 0.01-0.02£ with 2£ stakes but you somehow manage to loose 2.56 if I remember correctly in one go. Think about that.

I lose when I let it in play it takes away entire day profit in just one game

[newbietrader]

had an okay day trading made 3.2£ and had just one losing trade that I came out faster and didn't sitted there waiting for price to bounce, only hard thing is I don't understand when huge stakes are there to move market and when huge stakes are actually genuine and there to get matched

[gutuami]

1 tick hardly gives me 0.01-0.02£ with 2£ stakes

when you get it wrong 1 tick hardly takes from you 0.01-0.02£ with 2£ stakes but you somehow manage to loose 2.56 if I remember correctly in one go. Think about that.

I lose when I let it in play it takes away entire day profit in just one game

it's clear that you go inplay. Why do you do it? That's not clear. You're using 2pound stakes not to make money but to study the market. So forget the word profit for the moment. All you take care of is your losses. If you make lots of them that lots of info for your study. Why do you make them? When? On what markets, what odds. Why you entered the market why exited, which runner you traded.. so many whys that you should have a clear answer to. Remember a loss is a mirror trade of a profit. And I'd suggest to forget about inplay, at least for a while. Every time you go inplay you screw your pre race stats and records which you should made. Also the time that you spend learning also costs you at least £6.50/hour (minimum wage in uk). Take that into consideration also. If you're not doing it properly better spend that time doing something else.

[newbietrader]

when you get it wrong 1 tick hardly takes from you 0.01-0.02£ with 2£ stakes but you somehow manage to loose 2.56 if I remember correctly in one go. Think about that.[/quote]
I lose when I let it in play it takes away entire day profit in just one game

it's clear that you go inplay. Why do you do it? That's not clear. You're using 2pound stakes not to make money but to study the market. So forget the word profit for the moment. All you take care of is your losses. If you make lots of them that lots of info for your study. Why do you make them? When? On what markets, what odds. Why you entered the market why exited, which runner you traded.. so many whys that you should have a clear answer to. Remember a loss is a mirror trade of a profit. And I'd suggest to forget about inplay, at least for a while. Every time you go inplay you screw your pre race stats and records which you should made. Also the time that you spend learning also costs you at least £6.50/hour (minimum wage in uk). Take that into consideration also. If you're not doing it properly better spend that time doing something else.[/quote]
maybe I do it because I'm using 2£ stakes its so small that I'm like its okay to go in play, I'm keen on cracking this mate its just I don't understand which big stake is fake and which is genuine, if I lay and there's big stake on back side I wait hoping its fake and market gonna move my way, what stake I should be using for 50 pens per race?