Is day trading something you aspire to do? In this Q & A Caan addresses a followers question about day trading on Betfair and the top 3 pointers he can offer as advice for somebody who wishes to follow a similar path.
Day trading sports odds isn’t quite like other financial types of trading. All are intense without a doubt, but trading the price of your chosen sport is likely to behave differently.
To achieve success you’ll need to get a few core points in check. Covered in this day trading video you will hear Caan talk about things like learning, personal outlook and overall perception. But it’s deeper than that, be sure to watch it all…
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Caan Berry is a successful Betfair trader featured by Betfair, matchbook, and Betdaq. Specialising in horse racing, tennis on the sports exchange market.
Make sure to stay tuned for Caan’s latest videos on how to trade on the sports exchange market.
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great video !!!
Self control is number one for me, Caan. The other two are in a dead heat for silver.
Good video mate, really enjoy these.
All I wish is that Betdaq had more liquidity because I really hate how betfair has become some gouging anti-punter entity.
1. Be prepared for the long term, learn…….2 Correct tools……3.Self control ??
talking football,
i had smile the other day.
i have certain criteria when selecting a football match to trade.
it happen to be the England match.
yes it was good to see them win but the trade was against them winning
still did the trade but did cover for scratch if England won.
its easier to wont £50 than to need £50.
need can lead to greed and cloud judgement
Horses
Do you still get the odd loosing week or day
Great video Caan. The most important thing to understand in my opinion is to know yourself. Learn a much as you can, and to continually work on improving yourself. I agree that its very wise to come at it as a newbie, assume nothing and show up dumb.
Habits most important for me.
the number one important thing, in my opinion, is remaining in control after a loss, I reckon everyone knows what its like when a trade goes bad, and how it can lead to a right f@@k up, if reacting to it in a bad and panicky way.
Caan do you make a profit every trade, every day, every week ?
stoppin makin the silly mistakes, o my i wish i could!
I have the book and a third in, it's an eye opener in a good sense. Basic things I thought I knew, were wrong. The book is well worth the purchase that's for sure.
You make a comment about doing this for money alone? Get real why do you risk money on exchanges for fun? Caan people trade to escape the rat race the mundane job.
👍 Another day…
…another great video 👏
I look at football games mainly focussed on LTD just now. The odds don’t move as quickly as, say, a race. I know my entry and exit points before I’ve even started. Do you think an investment in trading software at this point is worthwhile? And is there a software you’d recommend for trading football exclusively? (Sorry total newbie questions there) great video as always.
On a busy summers day trading do you plan breaks or trade continuously?
Personally I'm off the opinion that every market is different, if you go in with the attitude of anything can happen then when is a positive position then great but when it is a negative trade you can't blame yourself, I would maybe set up some automation to open a trade on the favourite 8 mins out in practice mode let every market have two races on each card and hopefully there should be a pattern for the day or is there layers or backers and take it from there,
1. Continual learning. This has to be the most important. The other two are by products of continual learning. It's the start of the natural progression I suppose and the other two snow ball due to continual learning.
2. Self control.
Self control can't have any real substance until you've gained (learnt) enough experience and knowledge to understand what it is you're doing and looking at.
A degree of competency needs to have been achieved to understand how, why & where self control needs to implemented.
3.correct routine / habit / tools
Goes without saying that tools are essential and should have been squared away at the very beginning. The importance of routine and habit go hand in hand with self control. The importance of them becomes far more apparent once you've reached a level that understands the reasons for self control in the markets.
All in all they all come under continual learning. They are all equally as important as each other as one can't work without the rest. You just have to go threw the process until the importance of each one becomes evident. That's when the hard work truly starts 😁
Hi Caan, great video on a difficult question. I’ve recently purchased your beginner pack, for me your videos on trading and strategy whist they did make sense, I felt many Ah-ha moments in the guide. I think your question is individual to each person for me continual learning first then habits then self control. I put the biggest development need first. Thank you for the great intro on trading!
1 green up for profit or loss before race starts don't allow bet to go in running. 2 practice 3 not all races are going to be profitable accept that fact don't, chase the market all over the place.