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I'm admin of this website and I share my thoughts here...

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BETDAQ Trading Challenge - Day 2

The second day on Betdaq was quite similar to the first one. Lots of bets in limbo. I don't know if that is a problem/bug of the software (both Geeks Toy and Bet Angel do this) or Betdaq API. I think it's a problem of Betdaq API. My internet connection is okay and I tried to trade on Betfair to compare it. This is a major problem limiting my trading experience on Betdaq right now. On the following screen is my API settings manager - I lowered some numbers in order to be sure I won't be blacklisted: My API settings  Generally, I found some Betdaq markets to be nice and liquid. On the other hand, there are races which are not that liquid and trading them using my scalping style is a pain. I need to be more selective. I would say half of the races are quite okay for trading, however, not all of them are ideal for my style of trading. I am a scalper and I like to enter & exit the market very often, while doing many scratches. There is a liquidity in these markets but bets are not filled very quickly. Betdaq prices just copy the move from Betfair - the core of the market, the engine - it's still on Betfair.  Betdaq is definitely an excellent choice for traditional bettors or swing traders. For me, it's little bit more complicated but not impossible. I like trading on prices below 4.0 on Betdaq. It seems like there are more opportunities for me probably because horses with lower prices are considered to be favourites and people bet more on them. I have made a short video from my trading, showing some bets in limbo as well.  Bet in limbo.mp4 You can see my screen setup for Betdaq - I use a tick graph because the default Betdaq graph is not available in the software. I also have the betting exchange website opened in case of emergency. Profit & Loss statement: My bank: Stats: 14 races traded 4 losing trades 71.4 % strike rate My strike rate is nice, but those bloody bets in limbo are accountable for some of these losses. The biggest losing trade was in Listowel where a late withdrawal happened. The market was suspended for quite some time before Betdaq removed the runner. In the meantime, the market turned into in-play. And exiting in-play on Betdaq is a nightmare  in-play market on Betdaq is a ghost town with some bots.  Bet in limbo.wmv

Tomas

Tomas

BETDAQ Trading Challenge - Day 1

I have started with the challenge today. I had no expectations or goals, I just wanted to observe how markets behave on Betdaq. As mentioned in my previous post, I am not connected to Betfair at all. I want to see if I can recognize trading patterns solely by using Betdaq. The short answer is yes - I can see some opportunities. However, I have also discovered few hurdles along the way. Betdaq API The first issue is the Betdaq API. It's not as advanced as Betfair API. You can't get quick streaming prices from Betdaq and if you refresh too often, you can be blacklisted. Then, you won't be allowed to place bets via API. Until I understood what's going on, it caused me several losing trades. It's a very good idea to have Betdaq website opened when trading. I have used the cash out button on their website many times today. The other thing with Betdaq API (or the software itself?) is that sometimes, bets are sort of "stuck in limbo". I have made two screenshots, both from Bet Angel & Geeks Toy to show you that it was happening in both of them: On the second Ladder, you can see my £10 Back bet @3.85. It should be matched but the software doesn't show that. It caused me some confusion until I figured out what to do. Another case - in the first Ladder, you can see that I do have an open position. However, Betdaq website shows that my position is hedged. Which is true? Betdaq website. In the software, it sometimes freezes like this and I had to check my position on the website. It happened in both Bet Angel & Geeks Toy several times during the day. Bet in limbo - it seems like an API call is lost for 18 seconds. That's true, but this particular API call should place my Back bet and close my position in the market. This is not an ideal situation because I had to manually submit another Back bet and wait if the lost bet will go through. It went through after a while and I had an open position again. As you can see, all of that happened after the official start of the race. Quite risky situation and I don't know how to avoid it. It only happened once today. Again - software is showing me an open position in the market but the website tells me quite opposite. Until I discovered what is happening in the market, I lost some money.  So that's it - I wasn't able to rely on the trading software 100% of the time. That is quite disappointing but I think I can work with that. The important fact is to understand that Betdaq website is the single source of truth about my position. In the case of emergency, I have to check the website and close my position there.  Other than that, I was quite happy with Betdaq. Since I last traded there, the liquidity has definitely improved. I am curious how the markets will look like during the week, Saturdays are always stronger... My Results: I started with £50 in my account: And I made this result: Current Bank: Stats: Markets traded: 36 Losing trades: 15 Strike rate: 58.3% I think there is a big room for improvement of these results because many of the losing trades were caused by misbehaving software. It's just a start of a small adventure and exploring something new. Does anyone have some experience with trading on Betdaq?  

Tomas

Tomas

BETDAQ Trading Challenge

Hi there, it's almost a year since I started this challenge and now, I would like to do a little experiment with BETDAQ. Why experiment? Well, because I have never been trading on Betdaq regularly. I only used Betdaq form time to time during the Cheltenham Festival or Royal Ascot. I really don't know if I can make money there because my plan is to only be connected to Betdaq exchange during the trading. In other words, I don't want to watch how the market is doing on Betfair. I would like to know if it is possible to trade just by watching the price action (that is something I was doing on Betfair for more than a decade). I never watched fundamentals like horses, jockeys, their form/fitness or weather on the track. I only observed the demand & supply in the trading software and I made my trading decisions when I recognized some pattern.  The other argument to watch only Betdaq is that I have always been a scalper. A scalper is someone who does quick decisions and reacts to small market movements most of the time. I believe there is not enough time for me to watch one exchange and put orders on the second one. I tried this in the past and it only caused me a headache  Also, arbitrage seems to be already made by automated bots and there is not enough room for a manual trader to arb between Betdaq and Betfair. Bots are almost always quicker and they are probably deployed on a server close to the Betdaq servers to minimize latency. This is going to be a small adventure (I will probably start tomorrow) because I will have to adapt on much lower liquidity. By the way, I have made a post about liquidity on Betdaq: I'm Supporting Betdaq As you may know, I don't really like Betfair because of their monopoly practices. I have decided, purely on my own, to support Betdaq on this website. If you don't have a Betdaq account, you can open it using my link or by clicking on any of the Betdaq banners on the website (I will receive a small commission if you do so).  Real-Time Trading Chat on WowApp I've opened a real-time trading group chat in my favorite WowApp messenger. If you want to join, you have to use this link (or click any of the banners on this website). Some people were interested about what am I doing when I don't trade much anymore. WowApp is one of the things I'm quite heavily invested in. It's also the only place where you can connect with me in real-time.  If you have any questions, ask me in the comments!

Tomas

Tomas

Someone Else Trying To Delete My YouTube Channel?

After publishing my previous blog post where I am seriously concerned about the YouTube censorship, I received several messages, public and private, that the true reason may be somewhere else. I didn't expect such a scenario. @David and @getintheir publicly stated their suspicion about someone trying to flag my content on YouTube in order to remove it. After their comments, I realized that this could really happen. Then, I received a few personal messages and a personal call from well respected sources saying practically the same thing. This isn't a coincidence and I have to seriously deal with a possibility that there is some wretch / worm / a poor fellow amongst us. The reason / motive for such an immoral behavior could be easy - someone selling similar content could feel threatened because my videos just reveal everything what I've learned in my trading career for free. As a result, I decided to start a... Hunting Season If there really is someone doing this stuff, let's find that person and expose the truth. I believe more than 1 person had to be involved in such a practice. In order to flag and automatically remove my content from YouTube, more people had to be coordinated together. They could not operate from one IP address. Who could do such a thing? Any ideas? I will need your help in order to achieve justice.

Tomas

Tomas

My statement & the evidence about YouTube censorship

Let's make a short summary of what happened between me & YouTube: I have decided to open up my knowledge by making my course free & open source. I have made all of my YouTube videos public and available for all. Before, it was only available to those who bought my course. During that time, I had to change all links in description below my YouTube videos so they could point to the new location of the course. For the new links, I used the Bit.Ly shortener because my new links were too long. My suspicion: That behavior was probably picked up by YouTube automated algorithms and on June 25th, 2018 they gave me 2 warning points without any warning: The day after a final shot was made: So I made a quick announcement here on the forums: "As many of you have seen, my YouTube channel is no longer active. YouTube has censored it. I believe many of you who have seen my videos wonder what is the problem? Actually, I believe it is a combination of a few things: Last week, I made all of my videos available to watch for free. Those videos were previously hidden on YouTube. Just people who bought my e-book could see them. At the same time, I changed the long URLs below those videos to the short (bit.ly) version. Those URLs were pointing to my website as before. I just wanted them to be short because pointing to the URL "https://sportstradingexposed.com/forum/forum/41-sports-trading-exposed-free-open-source-online-course/" looks terrible in my eyes. I changed my profile picture. All of these together were probably picked up by YouTube automated algorithms which flagged me as a spammer (this is my version). Solution: Give me some time. I have to do some research and choose the best alternative. I no longer believe in YouTube. Actually, I don't believe in any of those super rich corporations like Google, Facebook, Microsoft, etc. They don't work to our best interest. Their only interest is a profit. I will re-upload all of these videos as soon as possible. In the meantime, feel free to enjoy my free & open source online course on this URL > http://bit.ly/2MjjhJk Tomas" And I have sent an appeal to YouTube. This is the text of my appeal: "I have had many private videos on my channel because they were only available to my customers who did buy my e-book. However, I decided to make all of my videos public all at once because I have made my product free and open source (I decided to not sell it anymore). At the same time, I was changing the description of all of those videos - because the nature of my product changed rapidly, from a paid one to a free & open source one. So, I was changing URLs in the description below each of my video. My free & open source product is available on the following URL > https://sportstradingexposed.com/forum/forum/41-sports-trading-exposed-free-open-source-online-course/. Because the URL is very long, I decided to use bit.ly shortener to make it shorter. That is all I did on my channel, there was no malicious or dishonest activity. Honestly, many of my followers were wondering why was my channel closed down. I believe someone will read this description and re-activate my channel again. Thanks" I received, probably, an automated answer: "Hello, We have received your account appeal and will get back to you as soon as possible. Sincerely,
The YouTube Team" And finally, the latest answer from YouTube. I can only wonder if this is an automated as well: "Hello, Thank you for your account suspension appeal. We have decided to keep your account suspended based on our Community Guidelines and Terms of Service. Please visit http://www.youtube.com/t/community_guidelines for more information. Please do not respond to this email. Replies to this email will not be processed. Please refer to our Help Center for more information. Sincerely,
The YouTube Team" This is how it looks when you visit my channel now Really?!! There is no personal contact in the e-mail. Very probably, I was just dealing with a machine and this machine took me a chance to be connected with others. I have lost a chance to reach people and people have lost an opportunity to find my content & website. I did nothing wrong, there is lots of trading videos on YouTube. And actually, I often get a very good feedback from people who watched my videos. So, why should I be punished? Tell me what you think!

Tomas

Tomas

Why Free & Open Source?

On June 19th 2018, I opened all of my trading knowledge to the public. Since then, I've received a few questions about the reason & my motivation why. Let me briefly explain: I believe in cooperation rather than competition. I believe that open collaboration means more innovation for all in a spirit of "rising tide lifts all boats". My life direction goes in another way than Betfair trading and I didn't have much time & need to trade in the last 12 months. Yet I am still able to trade and all of my techniques are working. I know that because I used them for the last few days Also, I faced many dishonest attempts to re-sell my e-book on eBay, re-send it via email lists, etc. And I don't have the time to fight it. And because in general, I don't like being secretive and I just like to honestly help & educate others (if they want), I decided to make it available for all. What's next? Honestly - I don't know. I would like to see some genuine and meaningful feedback from the community or someone who decided to share his or her knowledge as well. But who knows what will happen? Yeah, only God knows...

Tomas

Tomas

 

From £25 to XY Challenge - Day 36

I usually don't trade on Sundays but I decided to trade today. The reason was The Open in Cheltenham where I expected some higher liquidity. However, some of these races in Cheltenham had only a few runners and to be honest - races with just a few runners are not my favorite ones. Despite that, I was able to gradually add up the profit and achieve a nice result. So that's the end of this week - after a loss on Thursday, I was able to recover on Saturday. And today I added up some extra profit and so the equity is growing again. I still use small stakes because I want to protect my bank as much as possible. My highest exposure is now set to about £400 at any given time. I will gradually increase this limit as my bank goes bigger. There is no need to speed up things - and I will do that once I feel comfortable with it. The plan for the following week is to trade on Thursday, Friday & Saturday again. Maybe with some Australian racing on Saturday morning - if I find it interesting. Enjoy the rest of the weekend! Horses: Today's stats: Current equity: Bank:

Tomas

Tomas

 

From £25 to XY Challenge - Day 35

Yesterday's trading was consistent and without much mistakes on my side. The result is positive and I recovered from yesterday's loss. The Open in Cheltenham was OK but to be honest - I expected some better cards. There was quite a lot of meetings with just a few runners. I always prefer the fields with more runners. When there is a race with just, let's say, 3 runners the price correlation between those three is very strong. If one of these runners go up, the other must immediately go down, etc. When there is a bigger field, the price change of one runner can be spread between more runners and the price moves are not that 'sharp'. So that's my short update from Saturday. Horses: Stats: Equity: My yesterday's best race:

Tomas

Tomas

 

From £25 to XY Challenge - Day 34

I wasn't able to be much online this week and I was only able to trade yesterday (Thursday). The result wasn't good and the underlying problem was the same as with many losing days before - not enough concentration & focus. I did this mistake few times before and unfortunately, I did it again. That's just a result of me being a human because all human beings do lots of their mistakes repeatedly. What did I wrong this time? I was in a little time pressure (I wasn't able to finish the whole trading session) and I was solving some other issues before the trading session. The start of the trading session wasn't ideal. Ideal start is to have at least 30 minutes of preparation. Both of these factors meant that my mind was 'flying around' or - in other words - I wasn't able to get 'into the zone'. As a result I did mistakes and I was also caught by a bomber in two Southwell meetings. Someone was Backing huge amounts and before I recognized the pattern I was on the wrong side of the market - I thought it was just a temporary spike down which should be followed by a correction. I won't be able to trade today because I have some personal meetings but I want to trade on Saturday and hopefully on Sunday. The reason is The Open in Cheltenham where we could expect some increased liquidity. I hope you are all doing well and I wish you a nice weekend! Horses: Stats: Equity: Bank:  

Tomas

Tomas

 

From £25 to XY Challenge - Day 33

Just a quick update from today's racing - we had an unexpected visit today so I wasn't able to trade on all meetings. Despite this, my result was very nice without any mistakes. And because the visit will continue over the whole weekend, I probably won't be able to trade tomorrow. So that's it - not much to say really... Horses: Today's stats: Current equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 32

Today was a good day, except by the race in which I completely lost my focus. I was thinking about very different things other than trading and I was very lax when trading this race. About two thirds of that minus £70 were made pre-race, the rest was made in-play because I wasn't watching the clock properly. My lax attitude also led me to use higher stakes than usual. All of these factors added up into a one massive loss. Despite that, I was able to end up with a profit today but it could have been much better! As I wrote in my book, I was pretty bored with trading in the last - let's say - two years. I did this for more than 10 years and I often found it difficult to have the right motivation. This year, I had a nice break - almost 8 months of holiday recharged my batteries and now I'm quite motivated by this challenge. But I felt into the trap of being bored today - in just one race - and you can see the result. The lesson from today - market is always the king! Horses: Today's stats: Current equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 31

Yesterday, I found out there was a Melbourne Cup in Australia. So I changed my plans and I started a night session again. And because I had not much to do today, I decided to trade the afternoon UK racing as well. The result was very positive and I had more than 10% ROI. If my daily ROI is over 10% of my bank, I consider it as a good result. There were some nice trends in today's markets but I was able to catch only one of them perfectly. You can see it in the screenshot of my today's best race below: That's the nature of scalping - I can miss some of these moves but on the other hand - I can do a lot of small trades in markets where the swing trading is not possible. It's all about finding the right balance. Horses: Today's stats: Current equity: Bank: -------------------------------------------------------------------------------------------------------------------------------------------- By the way - when I accidentally noticed the Melbourne Cup meeting, I realized it could be good to have a community calendar on the forums. For now, I have created two calendars with the green and blue colors: There are also two streams for upcoming events: The first one is on the top of the forums homepage and it shows upcoming events in the next 7 days. The second one is on the Calendar page and it shows upcoming events in the next 60 days. This way we will never forget where is the money  If you want to add an event to the calendar, please add only major sport meetings (the ones where we can expect bigger liquidity). So, that's how it works. Have a nice evening!   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 30

Saturday's trading was interesting on many fronts. After yesterday's long trading session, I was very optimistic but also a little bit tired. The optimism resulted in a high confidence but the fatigue resulted into a worse focus. So I didn't make any progress during the first few races. The pattern of my trading in these first few races was simple - any profit was followed with a loss and vice versa. But then I noticed a 'mad bomber' in the market - someone was laying huge amounts and he was pushing the price up on certain runners. When I first noticed him, I was on the wrong side of the market (that's the £20.20 loss in my P/L statement) and you can see the graph of that race below: It was very close to the start time so I had to take the loss immediately. Since this moment I was prepared to be more careful with my Back positions and rather make some Lay positions instead. In the very next race, I was able to make a nice profit of £39 and in one of the following races I made some other nice profits: Because I was very confident in the trade above, I opened a big position (relative to my bank balance). But most of the time, my highest exposure in the market doesn't exceed £200-300 at any time and it's part of my "risk as little as possible" trading strategy. I will increase my exposure as my bank will grow but for now I feel comfortable to trade with stakes as you can see in the top of each Ladder. You may wonder about the layout of Geeks Toy which I'm using. The reason is simple - I just need a change from time to time in order to not get bored  I sometimes switch to different layouts but the core concept always remains the same. The other interesting part is that I went through the £1.000 in my bank account. It's a day 30 of my challenge and during those 30 days: I was able to increase my bank from £25 to £1.046, which is almost 4.200% ROI. That's not bad but I'm sober and I don't expect to have another 4.200% in the next 30 days - the bigger the bank on Betfair, the harder it gets to match all of your bets. That's the general problem of most of the Betfair markets - you can't scale much (except by Cheltenham Festival, Royal Ascot, etc. but that's another story). Another interesting thing that happened on Saturday wasn't about trading - I felt down from a slippery wooden stairs and I injured my shoulder when I was trying to keep the balance of my body. Since yesterday evening, I didn't sleep much and I'm trying to heal the shoulder. So that will probably be my top priority in the next few days (and hopefully not any longer). That was also the reason why I didn't trade on Breeders cup yesterday. My aim is to trade on Thursday, Friday & Saturday again in the next week, so see you there! Horses: Stats: Equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 29

I started trading on Friday afternoon and I stopped on Saturday morning. The reason was Breeders cup - the only high liquid meeting on US horse racing I know. I had nothing to do in the evening so I checked those markets at Del Mar if they have some liquidity. And it looked promising so I started trading a night session - not only Del Mar markets but also some other US tracks. And when I was trading at night, I said to myself - why not to trade some Australian markets as well? I looked on the card and there was a Flemington with some Group racing so I decided to trade some of these races as well. The liquidity on Australian markets surprised me in a positive manner. What also surprised me - I was able to keep the focus all day, all night and all morning. It was a little stress test of my capabilities and I was able to do this without coffee (I don't drink it) or any other stimulants. The only break I had was between the end of UK racing and US racing - I had a dinner and watched a movie with my wife. Today I'm going to trade UK racing and probably the Breeders cup again, I'm not sure about the Australian racing yet   Horses: Stats: Current equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 28

Today, I have used smaller stakes again and I did build my positions in the market gradually when I felt confident. It worked well, just the last race made the day little worse and I was lucky to lose just £12 in this race (my worst position was over minus £22 at one point). I know exactly what I did wrong in that race - I felt little bit tired and my focus wasn't ideal. I also underestimated the market because I thought it will be easy to trade and my approach in this market was too lax/careless. So it's an important reminder again - don't trade if you feel any of these symptoms However, it's sometimes easier to say than practice. These days, I'm busy with a lot of non-trading stuff and my focus often goes to various other projects. Then I can easily end up being non-concentrated. I'm looking forward to Friday and Saturday, hopefully there will be some decent racing. I say 'hopefully' because I really don't care about racing. I just trade what's on the card and I know nothing about it. (except by the fact there are flat & hurdle races) Horses: Today's stats: Current equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 27

Yesterday was a good day. I was able to earn more than 10% on my trading bank which is something I always consider as a good result. The only disappointment was the second last race where I made quite a big loss. I still had some issues with my internet connection or it could be Betfair API itself, I don't know. I had one or two messages saying "Stream Down" in Geeks Toy but other than that, all worked well. I recovered from the loss and my equity is growing again  I plan to trade on Thursday, Friday & Saturday in the next week so - see you soon! Horses: Stats: Current equity: Bank: My yesterday's best race:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 26

Yesterday, I had a lucky win. Today, I had an unlucky loss. Both happened due to my internet connection - I experienced some issues with my ISP and before I was able to re-connect to my back up plan, it took me some time. During that time, the market moved rapidly against me and I had to accept a big loss today. As I said, yesterday it could easily be a loss, not a win. I just didn't expect the loss will happen just 1 day later. So - it's another step down on my current equity and another day in a trader's life. I'm not angry about that because it was out of my control today. The only problem I have is the internet connection. Two days in a row is quite a big outage for someone who relies on it but I hope it will be ready again for the Friday & Saturday. Apart from the unlucky loss, I have noticed one very interesting situation in one of the Thurles race. All of that happened pre-race and I think someone lost much more than me today: Horses: Stats: Current equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 25

I was lucky in my today's second race - I had an open Lay position on the favorite and at the end of the race, my internet connection failed. I tried to reconnect & hedge my position but I was not successful - it seemed like the provider had some issues. So I quickly tried to switch to my back up connection which simply a 4G mobile hotspot. To my surprise, this connection didn't work as well and I didn't know why. I was able to load some websites but I wasn't able to load the market in Geeks Toy. I tried several times and there still was the same issue - either with my connection, Geeks Toy or Betfair servers, I wasn't quite sure. After several attempts, my main internet connection started to work properly and I opened the market in Geeks Toy. The result was following: I was prepared to lose in this race but the favorite lost and so I did win. All of that was coincidence and it could easily be an £18 loss. What worried me was that the back up internet connection wasn't working properly. I did several checks after this race in order to have a peace of mind and it worked fine. I'm still not sure what was the reason but since that moment, I continued my trading with lower stakes and I was always prepared to switch to a back up plan. The rest of the trading day was without much progress. I ended up just 2 pounds higher than my lucky win.   Horses: Stats: Current equity:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 24

Today was a great day. I continued in my yesterday's effort to make my trading as effective as possible. I used smaller stakes and if I felt confident in the market, I increased them gradually. If I didn't feel confident, I had just a small loss. The key point was a photo finish in one race today. I was lucky to get my Lay bets matched at very low odds and at the same time - my Back bets were matched at very high odds. I ended up with a very nice boost on my bank of about £66 - which was more than 11% profit in comparison to my bank size - in just one race.  I finished the week today because I won't be able to trade tomorrow. Despite this - it was the best week since the beginning of this challenge. My P/L ratio was excellent in this week - and it has improved a lot because of my today's result. Next week I will hopefully be able to trade on Saturday again. I hope everyone is doing well on the markets and I wish you a great weekend! Horses: Today's stats: Weekly stats: Current equity: Bank: My today's best race:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 23

In the past few days, I noticed one important thing - the ratio between my profits and my losses wasn't ideal in the last week. I had some nice profits but I also had a few bigger losses which were literally eating my profits. In the picture below you can see what I mean.  It means that during the last week, I was able to generate £382.30 in profits but also £274.30 in losses. That means my P/L ratio was just 39.37% and the net profit was £108.00. The reason probably is that I tried to push too much. I mean - I tried to grow & increase my stakes as fast as possible. But in some cases it also meant a higher losses. Today, I have focused on using smaller stakes and gradually increase my position in the market when I felt confident about it. Last week, I tried to jump into the market with higher stakes right from the beginning. So, that was the difference and you can see my P/L ratio has grown significantly. At the end of the day - it just means my trading is more effective this week.  Horses: Today's stats: Current equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 22

I had some time to trade on Monday so I will just quickly update my results. This week I won't be able to trade on many days, definitely not Saturday - another round of visits is coming and our friends can't visit us during the week because of their jobs. It should be the last round of visits for some time so I'm looking forward to trade on Saturdays after this weekend is over. This week, I plan to trade on Thursday and Friday, and - if I finish my other duties in time - it's possible I will do some races today as well.  Horses: Stats: Equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 21

After I finished yesterday's trading, I immediately had to go to the train station to pick up our friends who came to visit us for the whole weekend. Now, everyone is sleeping so I can update the blog with yesterday's results. It was a good day, except by two higher losses which happened on the Newmarket meeting. I wanted to scale my positions and used higher stakes than usual - it was a nice & liquid meeting. However, I wasn't able to make a profit on those races and I ended up with a higher loss than the average. Other than those two races, everything went well. I had a good strike rate and I have finally crossed through the £500 mark in my bank. I didn't break any records this week but I have moved forward despite having two losing days. And that is important - to make more steps forward than backward. So I'm pleased with that and I like to document the whole journey for everyone to see what the trading is really about. I wish you a great weekend and see you next week! Horses: Greyhounds: Stats: Equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 20

Today I focused on being focused properly  I found today's card not ideal, races with very small field are not my cup of tea. And I saw two races with just two runners, then some races with just three or four runners. Despite this fact, I managed to cover the loss from previous two losing days and I added a very little bit in extra profit (thanks to greyhounds). So, despite I made a step back yesterday, I was able to make a bigger step forward today. Hopefully this will continue in the following days! Now, it's almost sure I won't be able to trade on Saturday and I'm not sure if I will be able to trade tomorrow. I will update my blog accordingly. Today's blog will be short - I am quite tired so I don't have much to write about. I would say - it was a "recovery" day - nothing special happened as far as I remember. Have a good evening! Horses: Greyhounds: Today's stats: Current equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 19

Today was a funny day. I would call it a rollercoaster  I started very well - slowly & steadily. Strike rate was excellent and I was "in the zone". However, the race at 16:20 changed the mood completely. I somehow managed to get my thoughts "out of the zone". I mean - I started thinking about different stuff than trading. I did some multi-tasking during the day and in the meantime, I needed to translate some texts into my language. Sometimes it works well for me - to use those 2-3 minutes between races (when I don't trade) to do something else. Today - not. I had too much thoughts on my mind that I lost the focus on trading. And this moment started the rollercoaster. After the loss, I was a little bit angry (red flag). I kept my emotions controlled and I made 3 small profits shortly after. However, the focus still wasn't good and I made another big loss. Now, my thoughts were like "Fuck this shit"  (another red flag).  I was still in a profit at this point. However, the rest is history and I lost some quids today. So that's it - now, I'm going to finish my translations. I have attached a poll if you ever had a day like this. Feel free to vote. Votes are public. Welcome to the Sports Trading Exposed - a website where we can all expose the truth about our trading   Horses: Today's stats: Current equity: Bank:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

 

From £25 to XY Challenge - Day 18

Yesterday's trading was in a spirit of me not being able to catch the trends. For some reason, I felt quite uncomfortably with markets and my focus wasn't ideal - I just wasn't "in the zone". So I had to accept a small loss as a result of yesterday's trading. And as I said previously, there's nothing I will hide in this challenge. I think it's important to be honest and to show others that trading is not just about profits. It's a serious game, where you can also lose money. And pretending that losses don't exist will not make any good for people who read this challenge.  Losses are inevitable part of a trader's life. And after a trader does learn how to accept them, he improves his chance of being profitable in the long term. The goal is to keep losses as small as possible and - at the same time - increase the profits as much as possible. It takes time to improve both of these sides. And because it is a losing day, I will show you my worst race instead of my best. The important thing is that I'm not negatively influenced by yesterday's loss. The reason is simple - I don't need those money and it's much easier to accept the loss if you don't need those money. This is how I can just focus on executing my strategies properly. And this is the advice I give to all traders who ask me about the starting bank size - trade with money that you can afford to lose. You must be stress free & relaxed when trading. It's much harder to do if you trade with money you can't afford to lose. Anyway, I'm going to trade today and hopefully I will have some better results!  See you later! Horses: Today's stats: Current equity: Bank: My yesterday's worst race:   ----------------------------------------------------------- “Sports Trading Exposed” is now free & open source! The most comprehensive, in-depth online sports trading guide ever written. Click to read it now!  

Tomas

Tomas

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