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Newbie's 6th month

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zitlor

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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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So you have cracked it, congratulations! I think that more people would be interested on how you are doing in the future. Any future updates are still welcome :) 

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Thanks @Tomas I started with realistic expectations so I'm very pleased with the slow but steady progress I've made. I've no doubt I'll need the full 2 years I gave myself from the start if I'm ever to progress onto making real money in the big boys playground of UK horse racing.

Time will tell but I've really enjoyed it thus far so I'm happy to patiently wait and see what happens. 

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    • well done zitlor..slow and steady is the only way it seems..good luck for future
    • Thank you for the response to my blog. Yes, of course you are right in terms of the ideas and pointers provided by Thomas while the main ability is the skill of recognition (pattern recognition) to see where and then when to be operating in a market. The immediate usefulness for me is the realisation of the necessity to be in and out quickly, (bet/scratch/bet/scratch again and again). I find myself having a series of small losses but these will be offset against a far more substantial win. This will do for me while I improve my "sense" of timing. Mind you, at 70 years young and while being very fit for that age, my reactions are not what I would desire. That can be practised! Good luck, my friend!
    • I've been at this for a few months now and have come to the conclusion what Tomas provides here for free is fantastic in that it  gives you ideas and points you in the right direction but in order to realise the subtle differences between when to apply these strategies and when not to it takes countless hours of screen time. There's simply no short cut.  I think most will give up well before they get there but those who do make it to earning a professional level income, say at least the annual minimum UK wage, are perhaps 1 in 500 to 1 in a 1000 on Betfair. Closer to 1 in a 1000 I'd imagine. I've no idea if I have the inherent pattern recognition ability to succeed but I've given myself 2 years and I'm going to give it my best shot.  Good luck and if you feel like posting a regular blog of your progress I'll read it.
    • Thanks @Tomas I started with realistic expectations so I'm very pleased with the slow but steady progress I've made. I've no doubt I'll need the full 2 years I gave myself from the start if I'm ever to progress onto making real money in the big boys playground of UK horse racing. Time will tell but I've really enjoyed it thus far so I'm happy to patiently wait and see what happens. 
    • So you have cracked it, congratulations! I think that more people would be interested on how you are doing in the future. Any future updates are still welcome  
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