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Entries in this blog

Newbie's 6th month

This may be my final entry in this blog series as I'm unsure if I'm still a newbie at this stage though I've only yet completed 1/4 of my learn to trade journey as I gave myself 2 years at the beginning.  It's taken 6 months to reach an overall profit from trading. That is I've now won back the small amount I lost in the first 2 months the few times I ventured out of training mode, some minor expenses, and the lifetime subscription to Geekstoy which I opted to pay for from the start.     

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Newbie's 5th month

I concentrated on the hounds in October to try and achieve the consistency that would allow me to finally increase my stakes. Unfortunately I finished the month on the same tiny stakes I began with as when I did increase, and had a losing run, the increased level of losses would see me hesitate to open a position so I would invariably go back to the near minimum stake I was used to.  I did however improve my consistency and this saw me double my profit over last month so I was pleased that I took another step forward.       Newbie to Newbie Tips If you want to try out Geekstoy / Betangel for free longer than the 2 week trial period simply download the Betdaq version which is completely free. Unfortunately the Betdaq version doesn't come with practice mode but Betdaq officially allows minimum bets of 0.50, four times less than Betfair. 

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Newbie's 4th month

September started well but I hit a rough patch about mid way and seemed to be going backwards so I cut my stake back to bare minimum and tried to find some consistency in results and style. Overall I'm happy that I made further progress and I hope to be able to gradually increase my stake again in October.        @Tomas  I read your entire 25 challenge blog. Amazing how you built the bank. Like magic to someone at my level 🙂. You mentioned that you posted some greyhound videos that were subsequently deleted by Youtube. Would it be possible to post up these or any other greyhound vids again? You're already providing lots so if you're too busy don't worry about it.   Newbie to Newbie Tips I know sooner or later I'll sustain a big loss from being caught in play. To reduce that probability I do the following at the start of each trading session. On my desktop PC I keep Betfair open on the cashout page - in case of a geekstoy crash I keep the following page open to check Betfair for problems - https://status.developer.betfair.com/ I also keep the cashout page open on my tablet - in case of computer crash I don't do this but I've read Tomas suggest keeping Betdaq open to quickly use to offset liability in case of a Betfair crash If I ever make any money at this I'll invest in what seems the best protection - a 4G enabled device and I'll keep that open on the cashout page 

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Newbie's 3rd month

I thought I'd submit a blog to support this site and to create a record for myself of how much, if any, progress I make. I'd originally planned to trade footy but by chance saw a video on horse racing in May 2019. It looked fascinating so I placed my first ever real trade on the horses on June 1st followed by greyhounds a couple of weeks later. I quickly quit the hounds as the market jumped up and down so much it gave me palpitations 🙂. For the first 2 months I did the large majority of my trading in practice mode as I was so bad. I could have closed my eyes, pressed the button and easily done better. Not even being able to do as well as random probability was disheartening but I persevered and something changed in early August. I focused on low liquidity horses and started braking even.  Here's the first half of August.      Bolstered by my new found success (of only losing 74p) I decided to try the hounds again.  Here's how I'd gotten on by the end of August.     I'd made a whopping 314 pennies. A first step on the road to my 250k Betfair fortune. I decided to treat myself and spend all my winnings at once on (half) a glass of beer 😀. Joking aside I was delighted to reach break even as it allowed me to escape practice mode and play for real money albeit tiny amounts.    Newbie to Newbie Tips If you want to record your trading I've found the free program Flashback Express to be great. Avidemux is a good free video editor. 

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