Hi all,
normally this kind of topics get flamed with messages like "try google or hit the search" but im not lazy at all or anything but just need to be pointed in the right direction.
I came from arbitrage betting, dit just a few bets making a small profit, but trading seemed to be a more active/quicker way to gain more small profits.
I watched a lot of youtube videos, browsed trough the manuals, and messages on the bet angel site. figurred out a lot by myself but the questions i really get when watching any video or reading any article is things like "why backing and not laying this bet"
And why wait like 1 min. before backing a bet.
Is there some good documentation where they state what to look out for and when you got some good chances and when to leave a market alone?
What i do now is try to see a trend in a popular market with small odds. something between 1.5 and 5 max. then when a price drops under the price i think its worth (checking history graphs)
but a lot of times .
For now i had a lot of losses (trading with just 2 or 5 euros)
after like 10 trades i'm now 32cent +
please let me know where to start.
Starting out
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kayintveen
- Posts: 3
- Joined: Sun Oct 31, 2010 8:23 am
Could u tell me where you found your basic info to start out. when to jump into a trade and where to watch out for.
can anybody also give me a estimate what i could expect when becomming a normal skilled trader or scalper, could u earn like 1 - 2k a month working like 2hrs a day on trading?
can anybody also give me a estimate what i could expect when becomming a normal skilled trader or scalper, could u earn like 1 - 2k a month working like 2hrs a day on trading?
Kaykayintveen wrote:
can anybody also give me a estimate what i could expect when becomming a normal skilled trader or scalper, could u earn like 1 - 2k a month working like 2hrs a day on trading?
The answer to this is how long is a piece of string. There are people on here who are losing each month to people who are consistently making 4 and 5 fig sums...you will be doing well to break even in your first few months..
..and ..you will need to out more than 2 hrs a day in!
regards
Peter
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kayintveen
- Posts: 3
- Joined: Sun Oct 31, 2010 8:23 am
i See, i did a good job yesterday.
i was down 20 euros. (betting only with stakes of 2 euros, so in that case pretty much down)
and climb up break even with 8 races where i did not lose a single one, thanks to some videos on a other trader software site.
He pointed me out to keep the weight of balance in sight
so when de lay side has a thin budget vs a strong back the prices will go up eventually.
i was down 20 euros. (betting only with stakes of 2 euros, so in that case pretty much down)
and climb up break even with 8 races where i did not lose a single one, thanks to some videos on a other trader software site.
He pointed me out to keep the weight of balance in sight
so when de lay side has a thin budget vs a strong back the prices will go up eventually.
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BLUFFdisko
- Posts: 30
- Joined: Sun May 17, 2009 11:34 am
Just made this reply in the thread, NEWBIES TRADING IN THE DARK.....
Regarding your post, i have a lot of bad thing to so, but i wont be crying them out ,because its always a god thing when someone is trying to help new traders.
Ofcouse there are some god advice in your post, as money mannegement, tradingplans,and stoploses.
I have my(as many others) own way of trading, and i wont be telling anybody about it, but if i was to give some advice to new traders it would be this, and its quite simple.
1:Get camtasia software
2:Make a trading screen where you can see the betfair graph of the 3 first favorites, the ladder of the first favorite, and the advanced chart of the first favorite, setting it at, candlestick, 10 secound refreshrate, use slow moving average, envolope for slow M A, and a 200 widt data points.
3: set guardian to automatically switch markets every 600 secounds.
4: Press record
Make recordings for 5 days mon to friday
When there is a big move you can now reweind to see what really happend before the move.
keep an eye out, when the odds break the boilingerbands
It all comes down to getting a feel for the markets, and nobody can teach you that.
OK POST JAMES, BUT TOO COMPLICATED FOR ME.
Sry for my english, im from denmark
Regarding your post, i have a lot of bad thing to so, but i wont be crying them out ,because its always a god thing when someone is trying to help new traders.
Ofcouse there are some god advice in your post, as money mannegement, tradingplans,and stoploses.
I have my(as many others) own way of trading, and i wont be telling anybody about it, but if i was to give some advice to new traders it would be this, and its quite simple.
1:Get camtasia software
2:Make a trading screen where you can see the betfair graph of the 3 first favorites, the ladder of the first favorite, and the advanced chart of the first favorite, setting it at, candlestick, 10 secound refreshrate, use slow moving average, envolope for slow M A, and a 200 widt data points.
3: set guardian to automatically switch markets every 600 secounds.
4: Press record
Make recordings for 5 days mon to friday
When there is a big move you can now reweind to see what really happend before the move.
keep an eye out, when the odds break the boilingerbands
It all comes down to getting a feel for the markets, and nobody can teach you that.
OK POST JAMES, BUT TOO COMPLICATED FOR ME.
Sry for my english, im from denmark