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

[gutuami]

with less than 2 there's a bit of delay when placing a bet. Pre-race you'll not notice that. At the begging what matters is how many times you get it right and wrong. Don't pay attention to the small size of your stake. what you do and why is what matters. Small stakes will save you some bobs in case you get it wrong too many times. As for the big sums they all are all genuine as long as you see them. But they are there for different reasons known only to the owner of them.

[spreadbetting]

I'd agree with what gutuami's saying you need to knock the in play stuff on the head asap if you want any chance of making it. All these shortcuts you're taking now, to bump up the pnl, just get ingrained into your mindset and are very hard to break later and you'll have no real clue where the profits are coming from.

You say you let them go because they're insignificant amounts of pounds but the amounts you're saving by not redding up are even more insignificant and just pennies. It's more likely you let them go as you don't want those red screens admitting you got the market wrong but until you learn to lose you'll have a much harder job trying to cling onto any poorly won profits.

[newbietrader]

with less than 2 there's a bit of delay when placing a bet. Pre-race you'll not notice that. At the begging what matters is how many times you get it right and wrong. Don't pay attention to the small size of your stake. what you do and why is what matters. Small stakes will save you some bobs in case you get it wrong too many times. As for the big sums they all are all genuine as long as you see them. But they are there for different reasons known only to the owner of them.

actually I heard lot about fake big sums that appear just to move market in their direction that's why I feel its not genuine money and its gonna disappear soon I'm gonna crack this hopefully adam was 24 when he cracked it im just 23 lol

[newbietrader]

I'd agree with what gutuami's saying you need to knock the in play stuff on the head asap if you want any chance of making it. All these shortcuts you're taking now, to bump up the pnl, just get ingrained into your mindset and are very hard to break later and you'll have no real clue where the profits are coming from.

You say you let them go because they're insignificant amounts of pounds but the amounts you're saving by not redding up are even more insignificant and just pennies. It's more likely you let them go as you don't want those red screens admitting you got the market wrong but until you learn to lose you'll have a much harder job trying to cling onto any poorly won profits.

almost got caught up in greyhond race fortunately that dog lost I was just closing trade and market got suspended

[bennyboy351]

As a fellow Newbie, I can confirm that in the very beginning, losses are likely to outweigh winnings by quite a margin (mine have, at least!).

My Current 'losses' (in inverted commas because I intend to get my money back!) exceed £2000. But you know, learning anything new is likely to cost you money in one way or another so why should starting to trade the markets be any different?

After my initial 'bet on anything, win at all costs' strategy(?) I have now reverted to a more relaxed - and selective - way of doing things and, whilst I can't guarantee to finish 'up' at the end of each trading day/session, I CAN guarantee not to finish as much out of pocket as I used to.

My advice (for what its worth) - select a single market (mine is Horse Racing), use low stakes (income isn't important - regular 'winning' is) watch Peter Webb's video's on YouTube and learn to vary your trading methods across the market and, above all else - HAVE FUN!

Hope this helps?

All the best
George.

[newbietrader]

As a fellow Newbie, I can confirm that in the very beginning, losses are likely to outweigh winnings by quite a margin (mine have, at least!).

My Current 'losses' (in inverted commas because I intend to get my money back!) exceed £2000. But you know, learning anything new is likely to cost you money in one way or another so why should starting to trade the markets be any different?

After my initial 'bet on anything, win at all costs' strategy(?) I have now reverted to a more relaxed - and selective - way of doing things and, whilst I can't guarantee to finish 'up' at the end of each trading day/session, I CAN guarantee not to finish as much out of pocket as I used to.

My advice (for what its worth) - select a single market (mine is Horse Racing), use low stakes (income isn't important - regular 'winning' is) watch Peter Webb's video's on YouTube and learn to vary your trading methods across the market and, above all else - HAVE FUN!

Hope this helps?

All the best
George.

agree George never expected its gonna be easy but if we put in work its gonna pay off in few months thanks for the advice

[newbietrader]

okay yesterday I was too tired to write off but made 5.21£ with 3 coming on football 1.5£ on horse and few pens on greyhond, I just found kempton market too hard to understand yesterday even when I layed at bottom it just shorten and when I backed at top of trend it still kept drifting with big sums like 11k appearing is it me or different markets are for different kind of trading ie scalp or swing?

[fumanshoe66]

Newbie,

I think you need to try a few more sports confuse yourself a bit more.

[newbietrader]

its just getting harder and harder in pre race so I logged off went to practice mode and did really okay then again started live mode and boom it just went downhill I'll take a screenshot of my p&l tomorrow

[newbietrader]

Newbie,

I think you need to try a few more sports confuse yourself a bit more.

haha I love em all can't lie but I wanna master horse racing market as there's lot opportunity but finding it difficult atm but I'm in this race until I get success

[doncht]

One thing that mistakes taught me is to choose only a single sport and stick with it. Just my two cents though.

[newbietrader]

can someone tell me more about peter's laying system he made 6k with straight lays

[newbietrader]

One thing that mistakes taught me is to choose only a single sport and stick with it. Just my two cents though.

I'll stick to horse and footy mate cheers

[newbietrader]

http://www.betangel.com/blog_wp/2014/08 ... ng-system/
here it is

[newbietrader]

do I use bookmaking tool to lay when it shows 100% of book guys? am I getting it right? I wanna give it a go using 0.25£ today