I was asked a really interesting question last week on the bet angel forum on what allowed me to go from just trading to a completely different level. Watch this video to find how how I went from a normal betfair trader to a professional betfair trader.
It made me think a bit before I gave a full answer, which I give in detail on this video.
There is a massive difference between knowing what to do and actually doing it. But even then, there is an immense gap between doing it, to doing it at a superlative level.
These two things are what elevated me to that level.
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Great video. Who needs to listen to Jordon Peterson waffling on for an hour. You’ve said it all in 10 mins. Seriously, love your stuff. I’m going to show my teenage kids this vid.
Some of us take too much risk!!! 🙂 But more importantly, what did you have for dinner? I imagine you are as a roast dinner kinda guy! hehe! I just released this video was posted 2 years ago, i'm guessing your pretty hungry again by now!!!!…… Back to trading, I would love you to post more videos on how to read a market, I guess for you it just comes naturally, so you take it for granted, however there seems to be a lack of info out there, sharing this info……. FYI, if you ever fancy a meal on me and discuss trading…., I'm a great cook plus I have "the secret sauce" hehe!
Hello Peter, you are such a great mentor. I want to learn from you. Is there a way to make an intership with you?
Okay
What if your a person who loves pain?
I ride motorcycles at high speed and I have incorporated that mindset for trading. I have gone from fearful to fearless on a motorcycle and now am moving in the same direction with my trading whilst being alert to what I’m doing. I make clearer decisions and trust myself which assists in good outcomes. This video reminds me of those aspects.
10000 videos but nothing concrete…just words…
Nice video, Peter.
Personally, I'm not afraid to take risks when trading – and its cost me a bl**dy fortune! 🙁
Hi Peter, I have tried Bet Angel a couple of times and think it is a great piece of software. I would love to see an audio alert system in place to notify me when my bet has been matched, is this something you are thinking about introducing?
Nice vid Peter. One thing is evident that it is far easier to trade profit whilst in practice mode. Log on using real funds and the fear factor is definately there. I need to overcome it and this video helps.
wow this is gold and applies also to psychology of poker
In previous videos you've said how much you understood about how the markets work. The risk you take is therefore very highly calculated. So is that taking risk, or is it still being risk averse?
Risk takers generally aren't so acutely aware of the consequences of their actions.
ok, you are pro trader, what do you think about portugese traders, and for example bickat who show his PL
https://youtu.be/zexj7wAKBqI
there was profit like 20k € in 3months but he deleted those videos…
Ironically, some people would probably describe trading as having taken the risk out of betting.
Sound advice thanks Peter.
Many thanks for another solid video with clear thinking. Having crashed and burned twice attempting to trade Betfair, I finally realised my attempts were scuppered by an inherent bias. I spent several years betting full-time on-course – with small but regular profits – and as a consequence, my trading efforts too often commenced by taking a "race-result" based position in the market. I've spent the last six months testing objective strategies in practice mode, and am beginning to see the market as an animal unto itself, which rewards observation and is relatively predictable. Looking forward to going "live" soon.
Great message Peter, something I shall heed well in my learning curve. Thank you.
Please, make an explanation video of how to use theft in tennis? and how to put together a strategy? Luciano Cipriano – Brazil
Definitely add the video on hitting a new level to your list.
Your enthusiasm/confidence tells me it's a quantifiable improvement and not just a few months of good variance.
I suspect betdaq will be a factor
Ever skydived Peter? Just wondering 🙂
yes whisper into our shell likes..
Great stuff, been reading a book about the brain and how it functions written by a German professor in Berlin who seems to simply the thought processes on fear and how to harness it. Keep up the good work Peter.
Peter, is chasing losses simply caused by the fear of losing? If I have a small loss I often make a larger riskier trade, ignoring the risk, to claw back the small loss. I just become blinkered. It seems to be an innate form of the Martingale System. I'm reasonably intelligent but very easily go on 'tilt' after a loss. Any advice on correcting this flaw would be very welcome.
I cant help myself saying this.. your voice sounds so much like Jon Champions the football commenter. Every time I hear your voice Peter I remember Jon Champion.