Tick Trader - Commonly known as ‘Scalper’
If you don’t have an edge on the market you will never make money over the long term. There is a reason the pros continually make money trading and it isn’t dumb luck, it is that they consistently outsmart the markets.
OK guys we have a had a few requests about how to handle money and profits, so I am going to go through a few of the techniques I use or have used in the past during my trading journey.
Why is this so important?
At the end of the day sooner or later the money made or lost is going to be the number one key factor in your trading! Financial pressure is huge for most of us in this current climate and any way of easing that is duly welcomed with open arms. I hope some of these tips help you.
1. Save Money -
These blog posts which I put together on this topic get me really fired up, I am passionate about you guys becoming better traders as any member of the site will testify. This is an important post to read….
I will be covering why people chase losses, why you should stop and also how you can stop.
I wanted to write a post which addresses a great problem that a lot of traders face and that is a lack of discipline. In fact one of the members recently posted in the group that they were struggling with trading and in true BTC fashion the members were there to help and get him on the right track, over the course of this blog post I will include some if the excellent advice that they said, why?
Prematch Football Trading
One of the most popular forms of Betfair sports trading is prematch trading. By that we mean a trade which take place before the match begins, a trade that is entered and closed before kick off.
Why is this so popular?
It is perceived to be a 'safe' trade due to the fact that no risk is taken in play, a goal cannot come before kick-off so wild odds movements are unlikely. Therefore, people can trade with more money knowing that not much of the actual stake is really at risk if hedged out prematch.
Taking a break from our preparing to trade series this week to make a couple of big announcements!
1. BTC Stats software now has the Betfair Odds Incorporated (cannot understate how great this feature is, learn about it!)- Check out the explanation video from Adam here: https://www.youtube.com/watch?v=slHGVgSdtog&feature=youtu.be
Keith is one of our most successful new traders, who has gone from beginner to semi-pro in a few months on BTC. Keith is aiming to go fully pro soon, we are proud of this and also very grateful for his contribution!