Improve your productivity

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Betfair Trading Advice

If you are reading this, it means you are interested in improving your trading. But let me be very clear. To be successful as a trader. It isn’t just about graphs, ladders and market signals.

I want to discuss productivity. When I worked in a car factory whenever we heard that word “productivity” it meant we were about to get more work. But what does it really mean in our day to day lives?

The biggest barrier we face when we are striving to learn new skills or improve the quality of our lives is TIME.

Time waits for no one.

To take things to that next level. To really “kick on” with your goals and aspirations, you need a strong work ethic and the ability to think clearly and objectively.
There are many barriers in our way stopping us achieving this.

You will have heard this line from so many quarters.

“Hard work = success”.

 What about this one?

“Work smarter, not harder”.

 I prefer this line.

 “Hard work + Smart work = Success”

 

Adding Value

What I think is much more is important is how you value your time. We have all heard about the old Pareto 80/20 rule, and how it can be applied to so many situations in life.
In this situation we can say that 20% of our input leads to 80% of our outcomes.

Trimming down the excess

Over a decade ago I found Twitter. I saw it as a fabulous way to collect data and opinion. Back then it worked very well. Things have changed. I spoke a while back about the negative bias that operates within Twitter and in fact social media in general. Twitter is now an angry mob.

Not only does social media take you away from doing what you should be doing. It can also alter your mood. How many times have you spent 10 minutes on Twitter and then the next hour being annoyed with something you read? How is that adding any value to your life?

Are there any other “time sappers” in our everyday lives?

Smart phone – It’s probably the biggest drain in your life. Is it possible to have a normal conversation with anyone without them looking at their phone every 2 minutes?

Facebook/Instagram/TickTok etc

Email – I get over 100 emails a day. 95 of them add zero value to my life. The problem with email and the world we live in now is people expect an instant response. I had an email last week from someone. I didn’t reply as I was busy doing something else. 1 hour later I got another one from the same person. It said “????????????”.

Seriously?

Consider an auto responder that says something like.

“Thanks for your email. I answer my emails at xx:xx pm. I will respond in due course.”

The way I use my time and social media has changed. Let me share that with you, and also a way that will prove to you in no uncertain terms just how much time you are wasting each day.

What I would like you to do is create a journal for 30 days. I expect that after a few days you will see what I am saying is shockingly true.
I have knocked up an excel sheet you can download HERE
Fill this in (the instructions are within the sheet)

I think you will be amazed with just how much time you waste. 15 minutes here and there on your phone or Facebook/Twitter, answering pointless emails. Even if you don’t use this time to be productive,

This may sound  harsh. But if you want to be productive. To spend time educating yourself. Adding value to your life. You need to eradicate the things that are not adding value and sapping your time and energy.

Once you have freed up all of this time, and have a new energy and positive outlook. Use it wisely.

 

Bank Protection

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One of the key skills any person aspiring to be successful when trading on Betfair’s exchange or placing bets with any bookmaker is some sort of bank management. In particular keeping your bank as intact as possible.

One of the fundamental principles is you need to be able to facilitate further growth in your fund. If you lose that, or severely diminish it. It could be game over.
This video will give a few pointers on this subject.

As always i welcome your comments, and will always try to reply in a timely fashion.
If you would be interested in learning how I trade and learning from me. Please either look at my “Learn to trade with Steve” page. Or alternatively have a look at my Online Learning Portal Sportstradingschool.
Cheers Steve

Justify Your Trade

Having some justification to enter a trade will greatly increase the chances of a successful outcome. These short videos will give you some guidance as to how I achieve this.

I hope you enjoyed these videos, and can take something away from them to add to your trading.
If you would like to learn more about I may be able to help you to improve your trading. Please click the button below to take you to my sister site.
Sportstradingschool. Where you will be able to see the incredible value for money offer I have available for my Online Workshop,

What can I do myself to help improve my trading?

Did you know that I can help you learn to trade through my online workshop? https://www.sportstradingschool.co.uk

There are some links from the above video (Measurable)
Bandicam – https://www.bandicam.com/
Snagit – https://www.techsmith.com/screen-capture.html

Download the spreadsheet – LINK

 

Links from Video

James Clear

My blog

The link for my Calendly booking app is HERE

 

Thanks so much for taking the time to watch these videos. I hope that you can take at lease one small way you can improve your trading.

Please remember to visit Sportstradingschool to see what my online workshop can do for you.
Cheers
Steve

Me,me,me,me,me,me

I guess you would be thinking with a title like this, that I have decided to write a post all about………..me. So I can remind you just how great I am. A great trader, a jolly fine chap and all round good egg. Sorry. It’s not that.

One of the proudest achievements in my life time is a by product of trading. My education business. It’s what takes up most of my “working time, it’s what drives me on and it’s something I am very passionate about.

Over 5 years ago when all this started, I never imagined the effect on my life it would have. Although I would say I “fell in to it”. Once it started I put my heart and sole into it, The people who stay usually stay a long time, and when they do move on, almost without exception get a lovely message.

So when new people join us, join our “family”. They get a warm welcome and fit seamlessly into the group. I am blessed with having some amazing people with me. The enthusiasm they show keeps it all going. It never feels stale or out of touch. There is never shortage of challenging questions to answer or problems to fix.

The big benefit to new people though is they get to tap into all this experience. I often say to people thinking about joining us. “It’s not about me. It’s not all about Steve Howe”. Yeah, I set the tone, the culture. I steer the ship and provide the guidance and answers to the tough questions. BUT, and it’s a massive BUT. I genuinely feel that if you are at the start of the learning journey, picking up a new strategy. The people best placed to help you are the ones who are 2 months, 5 months or even 12 months further along that journey. the issues you will face are fresh in their minds, the challenges are raw.

I wanted to write this to pay tribute to my community. I wanted to let the World know how awesome THEY are. It isn’t, never has been and never will be all about ME.

Webinar 31st July

You may know that I hosted a webinar in June. Just some basic principles that I apply to my own trading and I wanted to share.

The webinar was a great success and the feedback I received was overwhelmingly positive. This has inspired me to hold another one.

I have cleared a space in my diary for Wednesday evening 31st July 2019

What I found during the last webinar was the amount of questions that were flying at me. Mostly random. It seems that many of you have a thirst for information.

I would ask that if you wish to take part that you simply subscribe to my email list. Due to the GDPR rules Aweber who host my email subscriptions will send what is known as a opt in email to confirm you want to receive emails from me. I cannot resend these and you will need to confirm once you have subscribed. These will almost always end up in spam, so be warned.

A few days before the webinar I will email my whole mailing list and invite you to register with Zoom for the webinar. Places are limited.

I invite you to email me at steve@itsamugsblog.co.uk with any questions or topic you would like me to discuss. I will do my best to fit as many as I can in. I will as always answer with honesty and a smidgin of humour.

If this is something that interests you. Make sure you are on my mailing list by next weekend 27th July. If you are not sure if you are, simply drop me a line at the above email.

Lets get these questions/ Topics in!

Cheers
Steve

Ask Steve Question about the accu​racy​ of odds.

I have a really interesting question from Plamen.

 Do you think that the money we see in the last three odds 1 minute before kick-off / at the Betfair / can give us a guideline what are the expectations for the final result?

It’s a known fact that over the long term that Betfair closing odds (or Betfair SP BSP) are highly accurate. But this is something we discussed in the question about overbet runners. LINK

However, in Football there is a more dominant bookmaker. That’s Pinnacle.
Pinnacle claim that if you can beat their opening prices by 1.5 points you win in the long term.

My answer here may seem a bit lazy. But to be perceftly honest, if you can find reliable and well written information from someone who knows more than you about the subject in question. It would be wrong not to bring attention to that.

So first is this article may Pinnacle themselves Market Movement in Betting
The 2nd link is from Football_Data.co.uk Article I though it was very well-argued and very useful.

I hope this helps understand your question. My thanks for asking it.

Cheers
Steve

Persistance​​​/Support/Knowledge

As an established educator of aspiring traders, I am in the privileged position of having met hundreds of traders from every walk of life. From City bankers to emergency service workers, from armed service personnel to mum’s trying to learn to trade and juggle 3 jobs and look after a family.

There are many factors against us while we are trying to learn this difficult skill. Some can be easily overcome. Others not so.

I have a strong reputation for “saying it like it is”. So I have never positioned myself as someone with a magic wand that can miraculously turn you into a pro trader if you spend a day with me.

Now, there are lots and lots of pieces of useful information and hacks I can give you to improve facets of your trading. All have a value, and if implemented will make money. Or at least help you stop losing money.

I realise I have a skill that means I can make something that is pretty difficult to look very easy. I get told this daily. But the truth is. The nuts and bolts of pre-race trading are really not difficult to grasp. I teach them at a workshop, and due to the style of teaching, I am confident that nearly all the attendees understand the signals that drive a market. But this is just the beginning.

For the best chance of success there are a few more ingredients that are needed.

  • Screentime
  • Patience
  • Mental toughness
  • Tenacity
  • Knowledge
  • Persistence
  • Support

I can give you some of these items, but what you have inside is very important, as are constraints on your time.

All of the above are important, but I believe the 3 that you need above all else is knowledge, persistence; That never give up attitude and support. Support from someone who knows what they are talking about and can guide you down that dark and sometimes lonely road.

If you think that the person to help you on this journey is me. You are welcome to book a call with me and discuss what might be best for you. THIS IS NOT A SALES CALL
Just an opportunity to chat with me informally to see where you are at and if I can help you.

You can book 15 minutes of my time free of charge and without obligation,
calendly.com/steve_mg