Jumping Ship

Glorious Goodwood continues into this weekend and Betdaq is proving to be a great place to take your trading activity. I have traded Betdaq In most of the major meetings this year with decent results and with even more reason to Jump ship this time round it’s promising to see more liquidity flowing into these markets. I’m using Bet-angel for Betdaq which you can download Here.  

Check out one of my typical trading setups for this week; It’s very unlikely that you will be able to squeeze this much onto one screen but it shows the true possibilities of trading both exchanges simultaneously if you invest in some "screen real estate". 
 

Its a pretty big picture file so feel free to zoom in a have a wander around.

Remember that you don't need all of this info to make a profit! But it does help!

I'm using both versions of Bet-Angel here. 

Excuse the cheeky dig at BF but i think they deserve it don't you!

Brain Stuff

Thought I'd share this video with you from one of my favorite channels on YouTube.

Its amazing how you can shift states of mind when trading.  I can be in complete cruise control only to be shunted into a state of panic, it can be difficult to get back in the zone again straight away. I have done a lot of work on understanding my own mentality towards tradings with the help of eBooks and videos like this. It's really helped me overcome some of the emotional triggers that had began to affect my performance. One of my triggers was boredom, I suppose after 5 years of trading this was always likely to creep in so now use new found techniques to overcome these feelings.

60% So does it suprise me?

If you look at the direction that Betfair have been heading in recent times it does not surprise me to see an increase in the premium charge. But the size and rules applied to the new “bracket” are a massive shock that will have huge consequences to all exchange players not just the suggested “500” that Betfair have quoted.

The lifetime +250k bracket and soaring percentage increase only highlight what I have suspected for a while. Betfair want to be the main market maker, they want even more of the pie and they want to force the best competition out of the picture.

So how will things look post 18thJuly?

It’s always very difficult to predict how markets will change after such an adjustment and I really have no idea how things will look and feel. Maybe the big hitters will continue to trade and accept the new charge; we may see a big increase in volumes and liquidity over at Betdaq. These markets are always changing shape but even in today’s ‘uncertain’ markets I was able to pull in a decent profit from the 15 races I traded.
                                                        

I had personally planned to see out the summer trading and restart one to one tuition in the winter but this recent shift has forced me to bring forward the re-launch of BettingExchangeTutor.com
There are still plenty of opportunities to make money on Betfair and I now aim to help some of the other 3 million customers earn a second income from trading.

Visit the website here for more details on my one to one courses which can now be attended online.

I have also uploaded a new video to my youtube channel which can be viewed from here