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

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April Greyhound Trading Summary

I owe you this summary. At the beginning of April I started a challenge in which I aimed to trade greyhounds. It turned out that I wasn't able to dedicate as much time as I wanted to this challenge because of some personal stuff. However, I was still able to do a few races here and there and instead of describing every day separately, I decided to just sum up everything in one blog post at the end of the month. So here it is! The profit since my last update on 9th April: The total profit for the whole April: Stats for the whole April: Equity for the whole April: So yes - it was a profitable challenge despite I hoped for being able to trade much more races. In total, I was able to trade on 403 greyhound races in April and the average profit per race was £0.531. I think that isn't too bad but there is definitely a room for improvement. I think I could achieve at least £1 per race on average. And that may be a very nice income if you are living in a not very expensive country like Vietnam, like @Ricardo Do   As you can see from the equity, I was able to prevent early suspensions for the rest of the month. My strategy was simple - I ended my trading at least 20 seconds before the off. Unfortunately, I missed some really nice opportunities because of this approach but I preferred safety over risk. @Tommy gave me a useful information that watching a live video is a great help in determining when the race will actually start but I didn't test this out yet. That's all from me for now! I recommend you to join our trading group on WowApp, there is some really nice talk happening every day!  Happy trading!

Tomas

Tomas

April 9th - Greyhound Trading Challenge

Yesterday I had a chance to trade greyhounds for almost 3 hours and this is the result: Nice and steady. I think the evening racing has a better liquidity but these afternoon races were good as well. Btw, I'm not using big stakes to achieve these results. Greyhounds are nice for their high volatility which is good when using smaller stakes. With a small stake you can achieve a nice ROI. Something like this for example: 13.64% ROI on my maximum exposure in this market... On the other hand, you can't scale too much. On the other other hand, there are tons of these markets every day. I think over a hundred races every day, every few minutes.  Stats: Current Equity:

Tomas

Tomas

April 5th, 7th & 8th Greyhound Trading Update

Another three day summary... I haven't been able to dedicate much time to greyhounds but at least I am finally in profit with a little bit of luck involved   April 5th: As you can see, I had only a very little time in the morning and in the evening so there is really not much to talk about.  April 7th: This day boosted my overall profit but it wasn't because of my excellent trading skills - it was due to an early suspended market. Exactly 10 seconds before the official start of the race I ended up with quite a big Back bet on a favourite: Luckily the favourite did win the race. But I quite don't understand one thing - why on earth the market is suspended so early? How can we rely on the time? Seems like we have to live with this issue and so I decided to close all of my trading positions at least 15 seconds before the official time. I usually finish my trading little bit earlier though. Unfortunately, I will miss some good opportunities which often arrive early before the official starting time. Except this race, I would still end up with £21.24 profit and that is what I would prefer - more days with a smaller profit rather than days with big ups and downs.  April 8th: What gets me into a loss quite often are those bloody big & unexpected spikes up and down. Someone often takes a lot of money (often in thousands) and he moves the price from like 3.00 to 4.00 in just one second. It's quite hard to fight against it sometimes but I think I can now roughly recognise if it will happen or not. Let's see what the future will bring Stats: Current Equity:

Tomas

Tomas

April 2nd, 3rd & 4th Greyhound trading update

I haven't been trading much in the last few days but for the record and maximum transparency, I want to publish my results from the last three days on greyhounds.  2nd April:  In the highlighted race I was caught by an early suspension of the market. It was suspended about 5 seconds before the official start of the race. Little annoying but what can I do? If I take this statistically, I should be in a small loss over the long term because of these suspensions. Why loss? Well, sometimes the greyhound wins, sometimes it loses but when it wins, I have to pay the commission. So, if I am correct, if there would be no commission, I should be roughly on 0. The commission should take me into a small loss.   3rd April: Nothing I can say about that, I just traded a few races with a small stake. 4th April: This day was nice. I was able to jump into a few races in the evening and I was pleased with the liquidity in the markets. I caught some nice swings and I noticed, together with @Tommy, that markets are heavily manipulated. It's not unusual that someone with very deep pockets does move the price for like 20 ticks or more and he holds the price in this range. Just to illustrate what I mean, this is a picture from yesterday's greyhound racing: Ridiculous amounts on ridiculous prices. Clear manipulation.  Stats for the last three days: Condensed stats: My strike rate is very good so I am being quite optimistic about the challenge. I only have to keep an eye on that bloody countdown and hedge my positions rather earlier than later   Current Equity:    

Tomas

Tomas

April Greyhound Trading Challenge

I have decided to do some trading on greyhounds in April. Few days ago, a friend of mine asked me if I could show him some trading on Betfair. I did show him both, greyhounds and horses. But I was positively surprised with the liquidity on greyhounds and so they grabbed my attention. On some races there was more than 50K of traded volume. An average race was around 20-30K. I found these markets to be quite appealing! There was also a some talk about greyhounds on WowApp and I feel this is a good time to start a little challenge again.  I don't have any expectations or targets. I will simply trade whenever I feel I want to trade and let's see what will happen. So far, I am sort of learning these markets again because I didn't trade them for quite some time. My today's result: And some stats: My last race made this day negative but I don't care. I did soak up the markets and hopefully this will pay off in the next days, my strike rate is around 70% which is good. I only have to manage my positions better because in one race I did open bigger position than I should and I lost about £14 which is far above my average loss. I'm really curious how this will develop. Maybe more than you are, lol!   Happy trading!

Tomas

Tomas

Back to the past

Today, it's exactly 10 years since I first made some of my trading videos public. I found those videos accidentally. I completely forgot about them and it was a nostalgic moment to watch my younger self trading greyhounds and horses. I made so many mistakes that sometimes, it was painful to watch, lol  But who cares, if you want to see some retro videos and some really retro software, here it is: retro videos (greyhounds).mp4 Back then, I was using Bet Trader which was pretty basic software. I remember that the Grid interface was completely free to use and the Ladder interface could be unlocked if you purchased minutes. For example, you could purchase 1000 minutes and you could spend 1000 minutes trading in the Ladder interface. One year license with full access cost about £360 if I remember well (maybe I am wrong so if you remember the price, correct me). As far as I can see & remember, trading on greyhounds was quite different. I was often just using the Weight of Money indicator and nothing else. It was simple - if there was a big bet in the market, you could rely on it as being genuine, not spoof. Today, markets are heavily manipulated and spoofers are a trader's daily bread. I have also found a few horse racing videos and I will upload them later. Btw, vote in the poll!   Edit - I have also uploaded some horse racing videos from March 2009: retro videos (horses).mp4

Tomas

Tomas

Tom's Occasional Trading "Challenge"

It's been quite some time since my last trading challenge on Betdaq. It ended faster than expected. Because either of the bad software quality or the API quality of Betdaq, I couldn't have a confidence in my open positions. Sometimes there was a difference between my open position displayed in the software versus the Betdaq website, which is less than optimal situation. I have also received a message from @Luciano who wanted to see some challenge again. On top of that, I always wanted to post some information regarding my trading, sometimes with videos, but I didn't want to push myself into another challenge. These days, trading is not my top 1 priority and I dedicate quite a lot of time to other stuff so pushing myself into a challenge would not make me feel comfortable. I was thinking about the concept and yesterday, out of nowhere, the Eureka moment came to my mind. I will not be doing a challenge in a way to "earn X over the time period of Y". I will just post some random stuff that will come to my mind when trading, maybe a few times per month, just as it comes. There is no need to produce new content at any cost, I just want it to be enjoyable for both sides, you and me. Yesterday I started trading little earlier and I noticed there are some Australian races before the UK racing started. I used these markets to warm up myself and I recorded a few videos of how you can make the market in a low liquid race. I have always seen a very nice opportunity in low liquid markets because of the possible ROI. If you do it right, you can scalp many ticks with a small stake and have a good return. I think this is also a good complementary solution for beginners. If you can make a little profit from low liquid markets, it does encourage you and it may cover the cost of learning how to trade on bigger markets. If I will make any videos in the future, they may not be with a voice over. They will most likely be with some written description inside the video. To be honest, it's quite a pain for me to do a voice over and maybe it's a pain for you to listen to it as well  I hope you understand my reasons. So here is a video regarding the low stakes: Occasional trading - low liquid markets.mp4 And below is my result from yesterday's trading as a whole: My starting bank was:  And I ended up with:  Can you see? There is no point in risking huge amounts in order to earn a decent return. I was able to earn 55% on my initial deposit just in one day. So that's my message of today's blog - keep it simple and don't risk much. There is no need for that. Just stick to your rules and don't increase your stakes until you see some results. 

Tomas

Tomas

 

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

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