I’ll often post individual Betfair trading results or longer P&Ls to show you two things.
The former, that I’m still here actively trading and have skin in the game and the latter to show you what a professional Betfair trader’s P&L looks like.
I’m not afraid to admit that I have quite a few losses and to be completely honest, so should you!
Losses are part of a trading plan, not something to be avoided at all costs. You should learn to embrace them and have them as part of your trading plan.
When you do that, you find it easier to take a loss and quickly move on to the next trade. If you fail to come to terms with losses in your Betfair trading strategy, then you end up becoming guided by them.
This is either in terms of influencing your current trade position or failing to accept a loss. Or trying to win back your losses on your next trade.
Both of these things are big problems to successfully achieving long term profitability. So you need to come to terms with losses and what role they play in your overall strategy.
Videos mentioned in this video: –
How to take a profit and a loss: –
Get Rich Slowly: –
Profitable long term trading: –
How I successfully minimise my losses: –
#betfairtrading #betangel #peterwebb
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Love your shirt here, P!
How much commission do you make on people using betangel?
If I had a £1 for every time you say " basically " in this video , I'd have a bank matching yours 🙂
Help i can create a Betfair account in kenya
It’s amazing how for years I could never expect losses with trading the horses yet I was more than willing to except losses on my tennis trades!! Hence why 90% of my trading is tennis now days, the mind bending journey this trading lark takes you on !!!!
.. It's also very likely, that with delivery and presentation like this, anyone interested, is going to listen to you 👍👍🍻
Hi Peter, I struggle to believe that you lose on 30% of the races in any given day. Simply because I have never seen a P&L sheet with such results. If this is the case post Easter Sundays results for us all to see. Hope you are well.
Tengo una relacion amor-odio con las perdidas.
It took me a long time to accept losses. The markets are cruel; they move against you then come back in
slightly to make you think that it's reversing, then bang; it drops even further. Like a lemon, I would sit and watch it move massively against me, hoping it would reverse. Now I set a stop loss 4-5 ticks away and my profits have greatly improved.
Another great video, thanks Peter!
People just do not understand how professional you are and how much brainpower and time you have put into it. A lot falls down to pure jealousy because they would love to be able to sit at home and make a killing.
All I have to say to them people is “Losers”
Nearly 18 months in and I'm just beginning to accept the losses. Its a state of mind that is difficult to comprehend as its so counter intuitive to us as humans. No one likes to lose ! But if the book has to balance then I suppose there have to be an equal (or thereabouts) number of winners and losers as not everyone can win ?