Betfair Trading since June 2000!
It’s almost time to relax, but typically this can start and end sooner than you expect on racing markets.
Pre-Christmas period
The markets in the run up to Christmas day can be a bit barren. Indeed, this year, they thin out completely. We have some low-quality fodder through the week, then one Irish evening card on the 23rd and, obviously, nothing on the 24th and 25th.
It actually works well this year, as it means you can most likely take …
A very common question I’m asked on specific trading strategies is ‘what do I do’ about losses.
Puzzlement
At first, I was pretty puzzled by this question.
You expect losses, they are part of trading. Trading is all about getting a positive expectancy. If you trade at random you will end up with random results. Because the market is generally very efficient this means that, excluding costs and commission, you will end up neither winning nor losing a massive amount …
I was back on my small account on Monday. I was recording a few videos at low stakes (I posted one last week) and also giving instruction to my daughter; she is progressing nicely.
I’m also teaching a new recruit to the team. It’s interesting to watch and learn from newbies and how they look at the market. I feel like It’s a microcosm of the entire market. I ‘feel’ this in the market every day, but experiencing first hand …
I am conscious that when I post bigger totals people wonder how they were created? The first thing to note is that the commonality with them is that they were all created with a lot of experience and hard work! There are no shortcuts when it comes to really good quality trading. Knowledge, experience, hard work, the rollercoaster that is trading, all count. It takes a lot of practice to trade with larger stakes confidently, but you can do it!…
For some reason, I know it’s named after a horse, the Tingle Creek meeting at Sandown sounds Christmassy to me, but for sure is an early high point in December .
The meeting is joined by Aintree (The Beecher chase) and the Welsh Grand National trial on Saturday to make a decent card. It should make up for the somewhat different racing we have had during the week!
Seasonality
At this time of the year, it’s easy to slip into …
We are pleased to announce that a new version of Bet Angel is now available.
The upgrade is free for all trial and existing users. There is no need to re-register. To upgrade simply download the latest version, install and log in!
Download it from here: –
http://www.betangel.com/download/?product=BetAngelPro
Key new feature – Exchange price streaming
This version adds support for Betfair’s Exchange Streaming for prices and bet updates. The feature is switched off by default but is activated by ticking …
I have fond memories of the Hennessy Gold Cup. I’ve traditionally done well at this race and it’s the race I traded live at the IX Investor show for Betfair in 2006. I know I’ve posted this summary, or something similar, before. But it’s definitely one of the highlights of my trading career so far so it’s worth a reprise for those that haven’t seen it before.
Betfair at a financial market expo
Seeing a betting company at a financial …
You will be forgiven for thinking that humanity is an outdated concept that should be replaced. But they do say, to err is human. But to completely screw up, you need a computer!
Flash crashes
The stock market was set up to allow companies to raise investment capital from investors. A simple and effective concept that works. But modern financial markets are more like a giant casino. You can still raise funds, but the aftermarket dominates the central purpose. The …
While browsing various papers I recently came across an academic report publish in Nature, entitled the unfriendly – ‘Interoceptive Ability Predicts Survival on a London Trading Floor’.
Basically speaking, researchers show that ‘gut feeling’ does indeed contribute to successful trades. You can read the full report here: –
http://www.nature.com/articles/srep3298
If you don’t want to wade through this, here are the key elements: –
First off, Physiologists often use the term ‘gut feeling’ as a colloquial synonym for any interoceptive sensation …
Well that was interesting.
It was clear for some time that this was going to be a huge market. Interestingly enough, the same guy I know that foresaw the financial crisis, also saw this development. I’m now his devout follower forever and would jump off a bridge if he told me it was appropriate 🙂
Previous markets
I started looking at this particular market back in 2004. Clinton was a democratic nominee back then as well and I’ve revisited each …