Cutting your Betfair trades short too soon?
Maybe you’ve just lost a trade or maybe you have this feeling a lot but you are constantly checking your trades which leads you to get trigger happy and trade out WAY to early to avoid losing.
Why?
*Afraid to lose
*Losing streak
*Confidence
*Staking to high
How can we stop this?
Research
-By researching you can increase confidence and get actionable steps
PLAN
-People create a plan and then dont follow it and blame the plan
-Staking
-Entry and exit
-NOTES
Reflect
-Did you follow the plan?
-Track the data
Take the trader Quiz ———/ www.betfairtradingcommunity.com
Vídeo Completo
Twice today I traded out on over 2.5 goals if I whould have just waited .4 winning trdes in a row today' newbie still watching listening and learning. Thank you for the knowledge. Top man
Interesting I just realised I can take this concept into my coaching business too and why it's been failing… Am I following my plan…no not really… 🤦🏼
(also valid on my tennis trading too, stop betting on anything other than mens ATP matches in the first set and only when the odds are less than 4. I'm currently trading ticks on the first 4 games – but when I lose, its because I won using my rules and I got greedy and break my rules!!)
PS: "modicum"
When.i started trading i was terrified of losing but thankfull with experence i have learnt how to deal.with it
I just want to say this is a poor video to add some variance to these comments…
Otherwise, too vid! When it comes to trading/value betting I believe the most important thing is having no emotion, whether you win or lose. Patience Always Prevails! (PAP) you can use that acronym in your next vid 😁
Awesome video ryan A must for the BTC forum and the podcast if not already done. Its one of those videos people should save and look back on when your trades or even your general day to day life isnt going to plan. History is what makes us all move forward, the future is a dream that will pull us back when its to late.
Doesn't matter what you do with regards to your trading, if the staking Is wrong for whatever reason, you will never reach your maximum potential.
So would you put your exit point trade into the market as soon as you've put your trade in, incase the trade goes the wrong way
Good video, great point. Plan your work, work your plan….oh, I believe the word you were searching for was 'modicum'…!
Very wise words. The more confidence you have in a trade, the more likely you'll stick with it until the point in your strategy you had planned to trade out. I'd also advise relflecting after every trade about whether it was a good opportunity.There's usually more to be learned from a loss than a win.
Great video Ryan, covered loads of aspects for losing trades. The old cliché of plan your work and work your plan, really hit home with me. I on the other hand get trigger happy when I see a green screen and exit too early. Even if it is a couple of squid….