Betfair Trading advice/help

[klaymore79]

Don't post much, but read a lot to expand my knowledge and ideas base. I am hopeless at picking winners, on footie or the horses, and if I try and lay instead, I usually screw that up too. The only thing I am any good at is trading, which i have had some limited success. I can make quick trades on horses just before the off, and also on the over/unders market for football pretty well. However, my main problem seems to be my decisions on when to trade, and when to get out. Last week I found £20 in an old Paddy Power account, and transferred the funds to Betfair, with the intention of trading to make 1.5% per day so that in a year I could buy a motorbike. First few days went fine, making quick trades during lunch at work and making my 1.5% easily. Saturday, however, was a different story. I made my 1.5% easy enough, but having nothing else to do, kept going anyways, and eventually made a bad trade that I couldn't get out of and lost it all. :wall I'm looking for some tips/help/advice/anything that could help me stop making these stupid decisions. I am considering only doing this on weekdays when I am at work and have limited time, and not on weekends or days off, but this would also limit time to make back losses. Thoughts?

[flower567]

Re: Betfair Trading advice/help get yourself more disciplined - concentrate on either football or horses - myself i do just football and here on 1 market only: over 2.5 goals back over 2.5 and lay off (using a back/lay calculator) if a goal is scored - you must have a plan to trade out at half time - even with a small loss most traders are too greedy - the main point is getting yr screen "GREEN" = guaranteed profit = discipline. (even small profits increase yr bankroll) the best time for these trades are the weekends or midweek when the football leagues are running. (august) currently the scandinavian market is active so there should be enough possibilities for trades. don`t forget: a green screen must be your target