Hi Peter, I hope that you and yours are well? I'm a few weeks in to a 12 month break from Betfair (my second AND last!) and as I said to Caan Berry on his RU-vid 'slot', its to give me a break from buggers like him and you taking all my money! ;-) I fully intend to return in 2023 though and augment my pension (which I start getting in March of 2023) with a more RELAXED and profitable form of trading on Betfair! Seriously though, another great video. Thanks for taking the time to produce it. Looking at your profit/loss numbers in the video, I can only assume that your stakes were quite high? From my personal experience, I feel that some of your videos CAN be counter-productive to us mere mortals, because we see your P/L figures and then compare them with our own - achieved with much lower stakes and MUCH, MUCH lower levels of experience - and we feel that we are 'flogging a dead horse!' The last paragraph above aside, once more, many thanks for taking the time to 'TRY' to educate us mere mortals! ;-)
I doubt Caan is taking any of your money 🤣 Try learning about automation as it can be helpful in providing objective feedback on your strategies rather than subjective. Good luck when you return.
Can you explain the differences between "catching a breakout" (drift at a crossover at highs) and a possible reversal (Bounce back down at highs) set ups please?
A breakout is good when you see a surge of volume that breaks a previous high or low. A reversal is when volume fades at the current high or low. Some grey areas in both, but that improves with experience.
Fantastic video again Peter, I'm wondering would it be possible to add something to the software that would allow you to set a top and bottom marker similar to the red box you had on screen.? Would be really helpful to determine if the market had slipped out of the range etc.
Just watch which one is getting support. I've set up some automation on Bet Angel to send a message when it thinks it's spotted something, just incase I'm on the wrong horse.
Would you need a large trading bank to make advantage of these small changes in price please Peter? Very new to this but assume if you were using low stakes you would be making pennies. Please forgive me if my assumption is way off.
I guess it depends on what you mean by 'large'. You can only ever return a percentage of your stake, so you can use a small bank, but you will only return a small amount of money. If you use a 'large' stake, then it can feel scary. But you should never have that amount at risk for the reason I stated above. So if you have the basics of trading correct, then it shouldn't scare you to use larger amounts. In the case of these trades, most would have yielded a decent return.
I think I've laid it out fairly clearly in this video, what you needed to do on this day. I've come to realise that many people who claim to trade don't and simply leverage some of my work. So I'm reluctant to release a full trading video. Else I'm sure that will be copied also.
@@betangeltv Ok . That's your prerogative of course. The advice given is always useful , so thanks for that. Seeing the £10 examples where getting matched is easy are not quite the same as a £500 / £1k trade getting nimbled at in the same way using dummy stakes is different from using £10 real money of course. In reality 99% of people could never copy what you do and you've said it yourself , even telling someone to do something that you know works often results in failure. Best of luck.
There isn't really any magic to get these bigger totals, it's more about adjusting what you do. I've done a blog post on it: - www.betfairtradingblog.com/betfair-trading-horse-racing-large-meeting/ One big difference is that they don't come around often, so I've had a lot more practice than others.
