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
May 13, 2010

York Trials

There was plenty of money sloshing about in the markets today and this proved to be helpful. I still had a few scares, but I dealt with them calmly and still took profits away from them. I was pleasantly surprised to see that the day didn't show any negatives but I know this is the exception rather than the norm! Hopefully similar tomorrow as the York trials continue and Newbury gets under way.  I thought since it has been a while that I had posted my profit and loss I would do one so as to show I am still working away.

One of the biggest things I have learned is that the accumulation of small profits does soon add up to a decent day, as long as you manage the losses. Being willing to scratch a trade and change your mind is key to long term profitability.  Emotions seem to be the biggest player in losses. Humans get attached to a particular price representing value, and if this then turns against us it becomes much more difficult to take a can we be wrong?!