Betfairtrader1977's Blog

Welcome To my Betfair Journey

Posted in Uncategorized by betfairtrader1977 on April 17, 2010

I hope by the time you read this that I am well into my betfair journey and it is at least successful and going well.  I have being a gambler, punter and trader for the last 3 years on betfair and if the truth being known not a very good one.  My problems are like a lot of people in this field is that I have poor money mangement , a total lack of discipline and when things go wrong I let them get on top of me and as we all know in this game, they are not very good traits to have.

I want to try and change all these traits and make a success of Betfair and I suppose this is the main reason for the blog.  I will be using the blog as my own personal record and Journal and try to learn from my faults and start to make a consistent profit on betfair.  I do believe, although I am open to the fact that I may be misguided/deluded, that it is possible to profit from betfair and that I have the necessary skills to achieve this.  Time will tell along with this blog I suppose whether or not I can conqueor my demons!!!!

My plan first of all is to try take the rollercoaster of emotions out of my trading.  I just want to become a robot so to speak and just do what I have planned to do and not start getting involved in other markets just to satisfy some adrenaline rush or even worse boredom.  My starting bank will be the principle sum of 400 euro and my aim is to never risk more than 5% of this bank, so in this case my starting point will be 20 euro.  I am looking to gain 1% compounded on my bank per day and so I will only stake enough to get this target, be it over 3 markets that day or one market that day, for now that is the way I will do it and go from there.

Yes it will be a very long road, and progress is probably going to be mindnumbing and slow at first, but so be, this is the way I feel I can do it.  I will update daily with a report on how I done and if I go wrong try use this blog to analyse where I can improve.  I hope you enjoy my Journey and I hope it is a success.

Start Bank  400 euro  –  Next Target 4 euro

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