Trading the Betting Exchanges
As you may recall from previous posts - I started last week concentrating on pre-race trading and taking a short break from betting.
Until I read some of the other exchange trading blogs knocking around, I never appreciated how focussed you really need to be for trading. Having watched the market for a few days and really focussing on what was going on, I have begun to 'see' things I was never switched on to before. It's a bit like the Matrix! The numbers make more sense, patterns emerge. I am far from being 'Neo' - but it is only the first few days.
I have been cautious. The first day I managed about 50.00 GBP profit but on Friday I did a hell of a lot better - largely due to a good swing trade in the 4.15 at Nottingham where I managed over 100.00 GBP on the trade. I find swing trading easier than other types of trading - it is in the other types of market where there is no obvious trend - that I can run into difficulty.
I have thought about just 'piling in' to the swing trades on the few there are a day - but if you were to encounter a betfair technical issue or computer problem the risk is enormous and unacceptable really. So I will have to find a way of getting better at trading the other markets.
posted by Betting Exchange Trader
