Blog

Hi everyone, given that our membership has trebled from 100 to over 300 people this year so far, I wanted to write a blog post to help what are assumedly a lot of newbie traders. (Originally wrote this in January but only just publishing it!).

So, I thought I would write about one of my favourite and most profitable trading strategies, laying at low odds. The reason I want to talk about this is that it is fairly easy to implement and carries such little risk that even if it goes wrong you will not lose much money.

With the start of the Flat racing season now just a fortnight away, it’s high time we had a good look at how to make best use of the profit-rich markets awaiting us over the next seven months.

I think for beginners and even some experienced traders ‘paper trading’ is one of the most underrated/underused tools in the trader’s armoury.

‘Paper Trading’ is when you test your trading and strategy without actually placing any real money on it, recording data as if you had put money on it. This is so essential to a trader because you can test an idea, or how good you are without losing any money.

So why is this concept so underused? There are a few reasons I can think of:

Hot on the heels of the Australian Open Tennis, comes another spell of sleepless nights for the insomniac trader.

A feast of cracking cricket is in store over the next seven (yes SEVEN) weeks as the World Cup gets under way in New Zealand and Australia tonight.

Greed can be defined as ‘Intense or selfish desire for something, wealth, food or power.’ So greed is an emotion? Correct, trading is an emotional game; well actually trading is an emotional war with oneself. So you need to be able to detach yourself from your emotions when trading otherwise the dreaded greed will get you and you shall be on a fast ticket to blowing that bank.

BTC did a live chat trading session tonight the first one ever and there was a lot of profit, the reason we did a live chat was so the member’s could go through some trades live with us, we like to help everybody whatever level you are…

I posted that I would be doing a 0-0 lay of the HT score in the A Madrid v Barca game and a back of A Madrid – both of these came in nicely.

Two players who have been on a bit of form of late then, I am sure Kyrgios will be well up for this game, in his native OZ the crowd will be cheering on every point and I am not surprised his has a huge serve and there is a lot of potential in this young lad, he hits the ball well very flat, he is athletic enough to go the distance and come into the net and kill points off, when he gets in a groove he is very consistent.

Let’s talk about a syndrome that has swept across football betting and many other sports; it is called the ‘attack bias’. The ‘attack bias’ is where as humans we naturally favour attacking teams in sports and therefore our ‘bias’ towards that team blinds us and we think they should beat defensive teams (even when both sides are equal in talent).

Short Intro/Bio

http://caanberry.com/about-me/

BTC: So Caan you started your career in the Army? Can you tell me how, when and why you realized you wanted to be a trader?

Today was a busy day for me so I got back in and checked the games, Lazio v Verona was the first game I found which I quickly checked to find that these two teams are more than capable of scoring more goals and I layed the 1-1 in this game, shortly after I heard those words we all like to hear…. ‘this market has been suspended’ it was a real one not just Betfair scaring us!