One thing that the Betfair Trading Community is known for is it's real and frank discussions about downswings. Unlike other sites and services in this industry we actually talk about this reality which we know our members thank us for because learning to deal with it can be the difference between making money and losing money trading.
So here we are the final part of our advice into cash series! I want to talk about an area of trading that is rarely commented on but I feel is a huge part of mentality training and that is our confidence levels.
Confidence in relation to trading is simply a scale of belief in what we are doing and the faith we have that it will or will not have the desired results that we want.
Part 2 When and when not to trade out: (read part 1 here if you have not already!)
OK I could write a book on this subject. This will probably be it’s own series of blog posts in the future but for now I will do a single post.