In this video, we explore how you would create a profitable Betfair trading strategy.
We work through the essence of what a trade is and what you would ideally be looking for. But also examine how you would go about this and how this influences you money management.
Basically, I’m trying to put it all together for you here.
Visit the Academy to get more information on trading.
Is it better to try and cut losses by introducing a stop loss or moving your profit target further away from your entry, using automation. Do your automation strategies always enter at the same time before the start of a race?
When you say "Those particular markets" what do you mean? Do you mean a 7 runner maiden with less than £100k matched by 8 mins out and fav price is under 3.0???? If you have big losses in many different types of markets. How big of a sample size do you need to confirm which markets to eliminate for that particular strategy?
How do you define a market in which you would use your selected strategy? Is it just Hcps or just non Hcps markets can be defined by price volume money being turned over so how do you specifically define a market?
Can you define what you mean when you say define your entry and exit points when you say you will get in here and get out around there it's not a very defined/exact conception.
14-16: "All of a sudden!" – My old English teacher would be appalled! Such bad English! Its "Suddenly" – proceed…. 🙂
Mental "Muscle Memory?" 😉
i am wondering what was your first strategy when you first started ?
Peter what is the brown shaded area with amounts of money next to it ? on the right of each column
Could you make a video about drawdowns? Question: based on your experience, assuming you have a lot of strategies with the same strike rate, is it true that that some of them could have less drawdowns than others? Or is it just random? Thanks
I learned more from your sketches here than many previous vids which have comfused me. Thank you.
Hi Peter
Can you advise what to watch or where to see if I want to create some automations for AUS races (I can't manually trade it because of time)
Thank you 😊
I appreciate you sharing your experience and wisdom in trading..your content is priceless. Thank you Peter
What is the difference between a strategy and a trading plan?