Needing help and advice

[Parkerp1]

Hi Folks,

I'm new to all this. I have been using betfair for 2 months now and BA for around 2 weeks. I use the enhanced ladder page to trade.

So far I have been trying to scalp to green up before the off. However I'm finding this very difficult. I keep landing myself in a position that I have bets (Usually lays) outstanding at the off and if i try to go in play I end up losing my entire stake pretty quickly. Sometimes I manage to green up in play however.

The problem i'm having is that if I greened up or (red up) before the off i'd have a few smaller losing trades which would end up being around the same amount as when i loose my entire stake by trying to let trades go in play.

I'm only using £2 at the moment but im loosing around £2 - £6 pounds a day consistently. I seem to place a trade and then the market shoots off in the opposite direction that I want.

I'd be very happy if i had some winning days adn some loosing as noboday can expect to win everyday. This week i got excited as i had a day i made 2 pence!!!!

Can anyone offer any ideas, info or reading to help me try and determine how to recognise what way the market is going to go.

I should say at this point that I'd love to attend one of Peters courses but I have a disability and traveling is very dificult for me and costly so i'm hoping the community can help me.

Thanks for reading this far

[kinglouie]

Hi

Reading the market before you enter any money in to it is very important, particularly given you are saying your trades are going against you all the time.

A couple of tools that will help you make that judgement are the charts available on BA.

If you are on the one click screen and click the horses name it will bring up a chart that shows you all the money/prices that horse has traded at, a more in depth chart can be brought up by clicking the charting icon to the left of the horses name, this has more options and allows you to have a real time view of how the market is currently trading for that horse.

If you use these in conjunction with real time betting shows from oddschecker or ATR/RUK you can get a feel for what is actually happening within a market before you put any money/trades in.

Once you get a feel for a market you will find your trades will not go against you too often and you should start to see the benefit.

Hope this helps.

[Parkerp1]

Hi Kinglouie,

This is good advice and is much appreciated.

I hadn't looked at the ATR/RUK data. I shall as you recommended and see how I get on. Will try and let you know

Once again thanks for the info.

[Parkerp1]

Nope! lol Still losing money.

Wednesday was a nightmare for me today.

I still seem to be getting one or two trades that wipe out my profit for the day. Will just have to keep at it.

[Mug]

I doubt you will learn it in a few days. Most of us took some months to learn.

Just do some simple stuff to get used to how the markets act. Look for stuff trading in a tight range and put a offset order into the market. Practice scratching but don't be in a rush to scratch if the market is only moving in a tight range.

If there is a steamer or drifter somewhere try to think how that would affect your postion.