making a profit then blowing it.........

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh. Betfair trading made simple.
fatsam
Posts: 27
Joined: Sat Sep 26, 2015 9:35 pm

I think a classic mistake to make is when running up profits from a staking plan you are comfortbale with you then suddenly change stake sizes, and amounts traded.
If by putting chunks of say £50 through the markets has given you a good profit, why not keep using that figure to generate constant profits until you are comfortable with a new amount to trade.
Psychologically its easier to deal with than suddenly increasing your stakes and thus tick size figures and over reacting to a loss that previously you would have traded out of or ditched.
Small tick values against you are far easier to deal with than big ticks. But essentially a tick is a tick , its only the new value increase per tick that has the brain confused or reacting disproportionaly.
you dont run a marathon if you used to 100 or 200metres. Ask Bolt, I'll be suprised if he trains over any distance greater than 400m.
Post Reply

Return to “Bet Angel for newbies / Getting started”