The Good, The Bad and the Ugly

Not all trades win. So with that in mind I have a couple of videos for you today showing contrasting fortunes. What is important to keep in mind is that each time you enter and exit the market, this needs to be a separate “trade”. If your previous attempt was successful or not should not impact your decision making process. Easier said than done eh? The second video here hopefully illustrates this.

The Good

The Bad

The Ugly

GBU

 

 

 

 

 

 

 

 

 

 

 

 

 

Enough said? 🙂

As always i welcome your questions and comments. My Mentorship Program places for later in the year are filling steadily. I only have a handful of places left for the July 27th date. Please email me if you you like more details. The email address is at the bottom of this page which gives detail of the program. Mentorship Program 2015

3 thoughts on “The Good, The Bad and the Ugly

  1. On the video ‘The Bad’ you mention that the favourite is weak. Is this because of a general drift or the fact that it is drifting due to the other two coming in? I have heard other traders mention that a horse is weak when there is little money on the back side, but in your example there appears to be plenty of money on the back side. Could you clarify please.

    Thanks
    Chuck

    • Hi Chuck, Exactly that. The horse was drifting , but more importantly there were several horses wanting to oppose it. In a nutshell, no one really wanted to support it (at this time). Hence my “weak” assessment. The question that I ask myself regarding the money on the back side is “Is it relevant”? If they wanted it to be matched and really support the horse they would move it into where the money is. Just because money is visible on the ladder doesn’t mean it wants to be matched. There are a variety of reasons it could be there. It can disappear or be moved very quickly. You’ll see in my other videos, that I often stick in amounts well out of the action area (3 places either side of the current odds), sometimes hoping to get matched, or with TAKE SP ticked, to protect myself in case of a Betfair outage. Chuck – thanks for your question. I hope this answers it. Cheers Steve

      • Cheers Steve. Thanks for the detailed reply, I really appreciate it and all you do for us aspiring traders. Thanks again.

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