Firedave trading Betfair with Bet Angel

Documenting my experiences with Bet Angel using BetFair. This will be used to record my progress as I take trading on full time.

Bet Angel - The most effective tool for Betfair
Mar 11, 2010

Drifters

I had a feeling yesterday was a lucky run and after the first couple of races today I was being proved right. I cannot understand how to read these markets they seem to be really erratic. Throughout the day there was overall more drifters than steamers, and when they went they disappeared. I was on the back foot from the off and took me the whole day to make even. I don't like this one bit, as I take far more risks than I should and it doesn't feel as comfortable as some of the earlier weeks felt. Overall I would say this feels like I'm just starting again and my results look similar to that of week 1 and week 2.  I was positive on the day overall but as it was so random and again more luck than any kind of skill I am not going to put the figure up as it would be misleading; it was less than yesterday though!

Tomorrow I am going to play safe and cautiously enter the markets I feel have some structure. This will result in a smaller P&L but at the moment it is capital preservation that is key.

2 comments:

Richard said...

Hang on in there!

They say the best way to learn is by trying things out and learning from your mistakes.

What's a drifter?

Paul said...

take the long view mate....while profit every day is ideal, remember that it's all a statistical game. When trying to catch up, maybe look at the month, not the daily figures ;)