Hello everybody,
thanks for all the comments and emails I've received recently. I didn't get a chance to answer all of them, but I will so in near future.
The my idea about the videos seems ok for some people and some people find it useless. I don't know...I need to think about it more.
The main summer season for horse racing has already ended and that makes me thinking I should start to look for other sports for trading. No, I don't leave horses, but I think a trader should be able to trade more than one kind of sport. I tried trading tennis years ago, but didn't succeed too much :/
So now I am looking for a person who trades any other sport e.g. tennis, cricket, NFL, (excluding soccer) professionally. The person should be full-time trader. If you are reading this, just get in touch (simply drop me an email) and we can teach each other. We will change IMs so you can chat with me during my horse racing trading, I will try to explain you my thoughts in real time. On the other hand, you should teach me how to trade your sport. Deal?
Thanks,
Mark
Friday, October 7, 2011
Monday, July 18, 2011
I am back + trading videos explained + an idea
Hi everyone
firstly, sorry for the lack of my posts recently. I am busy these days and I cant trade as many times per week as I used to do because I am starting my own business with my brother. I think I will not be able to trade all my life, so building something real, something profitable and stable is what I need and want right now.
With regards to my trading, yesterday was ok, very easy to read, I think I had only one or two losing races. But at the end, the last hour or so I had to end my trading because of headache :(.
Friday and Saturday as I can remember now, wasn't so good for trading. I ended only a few Euros in profit, the markets were extremely manipulated and due to this fact very strange. I remember one race (I think it was Friday) everytime when I had entered the market the trend turned against me and everytime I made a loss in this race. And this is one of the reasons why I am starting a completely new business (miles away from trading) where I can (hopefully) make only profit and no more losses.
As you have probably noticed on my blog, I wanted to know how many traders are out there willing to view what I am doing at the markets. To be honest, I didn't expect so many persons who entered they email addresses on my blog. That makes me thinking that I simple can not upload somewhere my trading pattern. I have my advantage because I am thinking differently. I don't follow the crowd. Crowd can't make money, otherwise everybody might be profitable, but they are not. And here is my advantage, where other traders make mistakes. Hope that makes a sense and you understand my position.
However, I don't want to disappoint my readers. I was thinking to make something like a "Video tutoring centre". People can post their trading videos and other readers/bloggers/traders (including me from time to time) can post their advices to the submitter in the comments below the video. The question is: how much can this help? It's just an idea.
Feel free to let me know your opinion about this in comments below or by email.
Monday, March 21, 2011
After Cheltenham and trading videos
----Cheltenham----
Hope everyone enjoyed this festival. It brought more money than I actually was thinking, especially in Cheltenham market, the huge amounts of money offered to us almost perfect situations for scalping for 1 or 2 ticks with big money. In the other markets I was usually looking for bigger swings than normal and they happened from time to time. And my profits?: +2289€ for 4 days (I didn't trade on weekend). Yeah, it was great. I really enjoyed it.
---Trading videos---
I was chatting with some traders during last week and there are some really nice guys. I've decided to make some videos (3-5) showing me trading. Depending on demand for my videos I will upload it somewhere and I will send the link to all of my subscribers. So if you are interested in, submit your email address in right sidebar. >>>>
Mark
Hope everyone enjoyed this festival. It brought more money than I actually was thinking, especially in Cheltenham market, the huge amounts of money offered to us almost perfect situations for scalping for 1 or 2 ticks with big money. In the other markets I was usually looking for bigger swings than normal and they happened from time to time. And my profits?: +2289€ for 4 days (I didn't trade on weekend). Yeah, it was great. I really enjoyed it.
---Trading videos---
I was chatting with some traders during last week and there are some really nice guys. I've decided to make some videos (3-5) showing me trading. Depending on demand for my videos I will upload it somewhere and I will send the link to all of my subscribers. So if you are interested in, submit your email address in right sidebar. >>>>
Mark
Monday, March 14, 2011
Expectations
Hi everybody, just a few minutes to Tuesday 14th March and the day who everyone trader expects is definitely here.
I must admit, I have big expectations from Cheltenham this year. It is caused by these reasons:
But who knows? Maybe I will end wit a super big loss like last year :(. It is all about your emotion in these days and more than important is a good start. So I wish everyone good luck tomorrow.
See you on BF markets. Hope BF will be stable. I pray for it :)
Mark
I must admit, I have big expectations from Cheltenham this year. It is caused by these reasons:
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| 20 March 1941 |
1. This year it will be my first year of full-time trading as I am fulltime trader from June last year.
2. This year is 100 Years of Cheltenham, so it is reason for more liquidity, more money, more moves and more profit :)
3. Cant wait to make some money. So excited!
But who knows? Maybe I will end wit a super big loss like last year :(. It is all about your emotion in these days and more than important is a good start. So I wish everyone good luck tomorrow.
See you on BF markets. Hope BF will be stable. I pray for it :)
Mark
Sunday, February 13, 2011
What I've learned part2
Many times I used to think negative thoughts like I will never be a successful full-time trader. Especially when I read others traders blogs, for example Adam Heathcote blog was very popular in that time when I was starting. He was regularly writing something about instinct you have to use during trading. Okay, so, hmm, instinct is something you were born with and if you were not, you cant develop this instinct to yourself.
Nowadays, I use this word, too. Because it is probably the best word to answer question: why are you successful? So remember, this kind of instinct you can gain.
You have to be willing to change your mind. Even change your long term view of the market. The best way to do that is reanalysing market all the time while you are trading and keep yourself open to more than one scenario. I am always talking to myself during trading about what I see. It is little bit strange but it helps. Just cant stop asking and answering questions like: Why am entering the market? How long I am willing to wait? What if the entry signal changes quickly? Where is my profit target/stop loss? I am asking and answering these questions and re-analysing market over and over again during all 10mins.
Learning process consumes a lot of time. I was lucky enough, that I had a second income so my profits/loss in Betfair was not so important. During learning you should be focused on what you have learnt at the end of each day. I used to record my trading, then analyse them and write down what I have learnt. I was noticing something like this: oops, I didn't notice the big traded money there, didn't notice movement on fourth horse, I didn't get the right long term tendency, oops here I was too greedy and irrational or this was too naive... I highly recommend you do the same.
And finally, always set a goal. But only a goal you know you can reach. I said to myself, okay, I need to have only 25€ profit on each race and I am making 500€ a day. That's why you can see so many races with profit around 25€ in my last screenshot of trading with profit more than 500€/day.
Nowadays, I use this word, too. Because it is probably the best word to answer question: why are you successful? So remember, this kind of instinct you can gain.
You have to be willing to change your mind. Even change your long term view of the market. The best way to do that is reanalysing market all the time while you are trading and keep yourself open to more than one scenario. I am always talking to myself during trading about what I see. It is little bit strange but it helps. Just cant stop asking and answering questions like: Why am entering the market? How long I am willing to wait? What if the entry signal changes quickly? Where is my profit target/stop loss? I am asking and answering these questions and re-analysing market over and over again during all 10mins.
Learning process consumes a lot of time. I was lucky enough, that I had a second income so my profits/loss in Betfair was not so important. During learning you should be focused on what you have learnt at the end of each day. I used to record my trading, then analyse them and write down what I have learnt. I was noticing something like this: oops, I didn't notice the big traded money there, didn't notice movement on fourth horse, I didn't get the right long term tendency, oops here I was too greedy and irrational or this was too naive... I highly recommend you do the same.
And finally, always set a goal. But only a goal you know you can reach. I said to myself, okay, I need to have only 25€ profit on each race and I am making 500€ a day. That's why you can see so many races with profit around 25€ in my last screenshot of trading with profit more than 500€/day.
Monday, February 7, 2011
What I've learned part1
It's been years since I used Betfair for the very first time. I started as a bonus hunter and via turnover and fulfilling the T&C with regular surebets I cumulated quite good capital. Later I didn't have any available bonuses so I started thinking how I could use my capital to earn something. I started doing surebets professionally, but it's not so easy as you probably think. The low bookmakers limit per stakes, the waiting for withdrawal and depositing into the next bookie and the low % of surebets, it all makes you bored and you end with low profit at the end.
Then I visited a website about horse trading on Betfair. I cant remember the name, but I think this was the first time I heard about it. There were some videos and articles and I started be very interested in it.
So I deposited 100€ and my stakes were 2€.
For first 5 months I used only 2€-10€ stakes. I traded almost every day and almost every day I was in loss! This time is very important because most of traders give up it after 4-6 months. Trading takes time. You must get the feeling, instinct, for almost every kind of race/move. If you trade one year or even more and almost every day you are in lost, I wouldn't recommend do it anymore. Look for another ways to make money. However, everyone is different, has unique way of thinking, analysing, summarizing...so its up to you. I wouldn't continue.
Luckily after 6 months I realised this has no meaning for me and I said: "I must change something." and I wrote down something like this:
- I want to get a feeling for every market - it means that my entry points were in 3-2 minutes to go.
- never use double-click. - this is because I used small stakes and it is very stupid to end up with bigger loss than your stake is at the end of the day. But nowadays I regularly use double click with no problems, its is important in your learning process only.
- trade only races with max 4 most traded runners - the more horses and the more similar to each other they are the most difficult it is to scan all these horses and all the moves.
- consider opening position on another horse in order to balance the loss from another one.
- never rely on luck/never go in play - this is very important and so common problem. It took me months to understand it. (I've written about it an article Hope is your enemy, it still happens me from time to time.)
Most of these rules I don't use now, but they were useful in my learning process and I was able to move forward.
Okay, that's all for now I will continue in my next post.
Then I visited a website about horse trading on Betfair. I cant remember the name, but I think this was the first time I heard about it. There were some videos and articles and I started be very interested in it.
So I deposited 100€ and my stakes were 2€.
For first 5 months I used only 2€-10€ stakes. I traded almost every day and almost every day I was in loss! This time is very important because most of traders give up it after 4-6 months. Trading takes time. You must get the feeling, instinct, for almost every kind of race/move. If you trade one year or even more and almost every day you are in lost, I wouldn't recommend do it anymore. Look for another ways to make money. However, everyone is different, has unique way of thinking, analysing, summarizing...so its up to you. I wouldn't continue.
Luckily after 6 months I realised this has no meaning for me and I said: "I must change something." and I wrote down something like this:
- I want to get a feeling for every market - it means that my entry points were in 3-2 minutes to go.
- never use double-click. - this is because I used small stakes and it is very stupid to end up with bigger loss than your stake is at the end of the day. But nowadays I regularly use double click with no problems, its is important in your learning process only.
- trade only races with max 4 most traded runners - the more horses and the more similar to each other they are the most difficult it is to scan all these horses and all the moves.
- consider opening position on another horse in order to balance the loss from another one.
- never rely on luck/never go in play - this is very important and so common problem. It took me months to understand it. (I've written about it an article Hope is your enemy, it still happens me from time to time.)
Most of these rules I don't use now, but they were useful in my learning process and I was able to move forward.
Okay, that's all for now I will continue in my next post.
Wednesday, February 2, 2011
From dream to reality
Okay guys I am more than happy to inform you that today is the Day when I have finally reached my target magic level - 500€/day.
It doesn't mean I am making 500+ every day since now, but when I first started with trading I didn't think that this is possible. And now I am feeling good, satisfied with myself.
It makes me thinking about my long journey since very first touch with the Betfair and I think I could share my thoughts with you in next couple of posts. I will write something about it, I will advise you how and what you should be thinking during trading, what to do when things go wrong and what do you need to become more confident in markets. So keep an eye on my blog.
It doesn't mean I am making 500+ every day since now, but when I first started with trading I didn't think that this is possible. And now I am feeling good, satisfied with myself.
It makes me thinking about my long journey since very first touch with the Betfair and I think I could share my thoughts with you in next couple of posts. I will write something about it, I will advise you how and what you should be thinking during trading, what to do when things go wrong and what do you need to become more confident in markets. So keep an eye on my blog.
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| 2 Feb |
Saturday, January 29, 2011
So far so good this year
Hello everyone,
it's been a while since my last post. I had one month pause with trading, to be exact from middle of December to middle of January. I was just relaxing and enjoying my life.
Anyway, I've been trading this week and I am more than happy with my results. I think the pause helped me and I am more confident in the markets. I have also analysed some situations which made me problems. And I think every time after hard job you have done, the good results come.
The attached screen is from the best day of this week - Thursday. It's seems that I could reach my target (€500/day) next week.
it's been a while since my last post. I had one month pause with trading, to be exact from middle of December to middle of January. I was just relaxing and enjoying my life.
Anyway, I've been trading this week and I am more than happy with my results. I think the pause helped me and I am more confident in the markets. I have also analysed some situations which made me problems. And I think every time after hard job you have done, the good results come.
The attached screen is from the best day of this week - Thursday. It's seems that I could reach my target (€500/day) next week.
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| 27 Jan |
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