---
title: 'Betfair Trading – Live Stream with Peter Webb of Bet Angel'
source: 'https://youtube.com/watch?v=NWTS3tJmdXg'
video_id: 'NWTS3tJmdXg'
date: 2026-07-27
duration_sec: 5919
---

# Betfair Trading – Live Stream with Peter Webb of Bet Angel

> Source: [Betfair Trading – Live Stream with Peter Webb of Bet Angel](https://youtube.com/watch?v=NWTS3tJmdXg)

## Summary

In this live stream, Peter Webb of Bet Angel answers a wide range of questions from viewers about sports trading on Betfair. He covers topics such as market efficiency, value betting, trading psychology, seasonal adjustments, and the practicalities of using trading software. The session offers candid insights into his personal experiences and strategies.

### Key Points

- **Stopping in-play trading** [01:11] — Peter mentions a blog post he's written on why you shouldn't go in-play, which will provide an authoritative answer on the topic.
- **Daily earnings variability** [01:54] — Earnings are highly dependent on market quality; winter offers more opportunities, and a four-figure day is possible but not typical every day.
- **Laying favorites in greyhounds** [03:46] — The market is generally efficient, so look for exceptional situations where the favorite is overbet. Generic strategies yield generic results.
- **Market competition and evolution** [06:52] — Markets become more competitive over time, but volatility creates new opportunities. Trading is counterintuitive and requires continuous learning.
- **Trading the Australian Open tennis** [12:59] — Weather is a key factor; confusion around player conditions makes it hard to predict. Keep an eye on weather changes.
- **Premium charge changes** [16:29] — Peter lobbies for changes but sees no immediate sign; mitigations exist. Betfair is a public company focused on P&L.
- **Market volatility over time** [18:48] — Lower quality markets have become more volatile, pushing out basic strategies. Adapt and keep good data to stay ahead.
- **Best sports for traders** [21:53] — Sports that are hardest to model offer the best opportunities. Horse racing is good due to frequency of events.
- **Position management** [25:11] — Typically enter a market with a full position and manage risk. Add to positions only in strong trends, reducing stakes near maturity.
- **Anticipating market moves** [26:23] — Don't follow the market; anticipate price activity. Be ahead of the market, not reacting to moves.
- **Data gathering tools** [28:15] — Odds extractor was removed by Betfair; use tools from the Betfair forum data section instead.
- **Passive index funds** [30:02] — Peter believes he can outperform passive funds and sees overinvestment in them creating value elsewhere.
- **Trading in February before Cheltenham** [32:53] — Markets are weak; it's better to play defense and avoid forcing trades. Relax and prepare for busier periods.
- **Best sport for beginners** [37:11] — Horse racing is recommended to practice trading concepts due to frequency, but football may be easier to understand.
- **Distrust of Irish racing** [41:15] — A value betting system works on flat and jumps but not Irish racing, indicating market distortions.
- **Trading stocks** [43:28] — Peter traded financials in the past but was poor; now with zero commission brokers, he finds short-term strategies profitable.
- **Scalping vs swing trading** [45:11] — No preference; adapt strategy to market conditions. Use what works best in each market.
- **Academic papers on trading** [46:18] — Academics often miss key points; Peter has seen many papers but prefers not to share his data until retirement.
- **Motivation beyond money** [52:14] — Peter has earned enough to stop but continues for enjoyment and the challenge of finding new opportunities.
- **Focus on quality, not money** [55:27] — Focusing on money makes you a worse trader; concentrate on trade quality and consistent money management.
- **Live trading streams** [58:36] — Peter won't trade live due to focus required, but could record and post afterwards.
- **US exchange potential** [01:00:49] — US market is fragmented; exchanges are better but face resistance. Peter promotes the concept when visiting.
- **Overcoming fear of risk** [01:02:26] — Taking risks is essential; start with small steps like cold calling to build resilience to loss and rejection.
- **Saturday off and not trading Cheltenham** [01:05:39] — Saturdays are usually off; Cheltenham is too weak to trade. Peter chills out, plays FIFA.
- **Being the biggest trader on Betfair** [01:06:37] — Peter is among the biggest in certain markets but not in aggregate. Being a big trader requires hard work and automation.
- **In-play anticipation** [01:10:38] — Traders now anticipate the anticipators; prices are taken before events happen due to speed.
- **Trading Australian racing** [01:11:40] — Started almost by accident; treats it similarly to UK but adjusts for lower liquidity.
- **Trading discipline and psychology** [01:32:35] — Psychology is the number one issue; coping with losses is key. Use checklists to build intuition over time.
- **Recommended psychology books** [01:35:20] — Peter pulls book recommendations from those that prompt him to take notes; plans to do a video on them.

### Conclusion

Peter Webb emphasizes that successful trading requires continuous adaptation, a focus on process over money, and strong psychological resilience. He encourages traders to learn from the market's volatility and to always anticipate rather than react.

## Transcript

eating's everybody I've sort of set this up that I can look at questions that come over here and I can see there's a there's a little bit of a light too always dim the lights in a second and I'm hoping that everything looks alright
in terms of the picture no on but if you want to ask some questions then you should fire away because what I'm going to be doing is
reading up some questions on here whenever I've done these in the past the problem that I tend to get as I get too many questions so we will attempt to answer as many questions as I can in the next hour and if you want to ask a
question just pop a question in the live chat and I will give you an answer to the best of my knowledge if somebody wants to comment on the picture and the
on a big screen just behind the camera here so I can see it fine but I'm just assuming that you can see everything all right okay we've got some of the first
questions coming through good as long as you don't ask about the habitants day I'll be fine the the first question from odds champs is how do I stop going in play I've actually just written a blog post on that which is going to go up I
don't know if I go up tonight or tomorrow it depends which blog post I choose for tonight so it'll probably go up tomorrow but if you look at that blog post you will have an a very authoritative answer on that and the
consequences of why you shouldn't go in play but that will help you significantly I should think a fairly standard questionnaire from Gareth how
much do you make a day or a week trading it's very dependent upon the quality of what's in front of me in the number of opportunities I've had a good day today the feature race traded well today but typically in the winter I will make
simply because there more opportunities so this is the this time of the year because the racing and the football finishes at about the same time and then suddenly we're into the evening so that fits pretty well for
me but it was quite easy to get a four figure results today and that it was because the markets were reasonably suitable and if you look at racing it
rises and falls depending the quality rises and falls over the course the year Saturdays but here asks me to do the same that I've done today on Monday there's absolutely no chance but I also picked up a couple of decent football
trades this afternoon so it was an above average day today but in the summer you know all funning games basically in the summer how did you find today's English
Premier League matches I liked days when unexpected things happen most of my positions are geared up to unexpected things and when you look at unexpected
events most people that's where you tend to find Valley it's hard to bet or trade on those things because you will lose from me but days like today when there were very few results that went the right way in terms of what the odds were
saying I liked those days so I'd say it was a non-representative above-average day today let's scroll back up here because suddenly the questions coming in
and they're going off the top of the screen here Liam says can our lang favorites and greyhound races be a profitable strategy the thing to remember about value whether it's to do with football racing
tennis or any sport whatsoever is you're generally the market in aggregate is pretty efficient so you're looking for situations where the favorite is available at a good price in terms of being too short where it's no longer
represents value so typically there be a situation where there's a series of events that cause the people to shorten the price of the favorite where it pushes into value territory but if the market for the market to be efficient it
money you need to look for exceptional situations so I do a value betting and and stuff but it tends to be picking off opportunities as they occur it doesn't
tend to be a generic progressive thing so anything you do generically will produce generic results so yell look for opportunities and that are considered exceptional or unusual which is where you tend to find value what is your
incredibly variable so as you would have heard me just mention I tend to look for unusual situations because they occur much more frequent one of the jokes that
I have regularly is that Outsiders score more frequent anything you would expect but it's just the nods to that basically that that's the sort of stuff that I'm looking for unusual events the trouble is when you do something with an unusual
time and people will review all of the time as well so when you say something like oh I think this is value or this is the situation people will ruthlessly review when you get it wrong which will be very often
but when people do that it gives me a confidence that I'm doing the right thing if everybody agrees with you then you're probably doing the wrong thing so the problem with football is is very variable and unusual things happen and
you can frequently get things right but yeah you looked at the stats at halftime the two nil lead flatted them so it made
sense to oppose them today but of course you would have opposed the team that was 10 L up at halftime that should have typically gone on to win or at least not lose but so the Hampton came up trumps today from a training perspective but
not from her from a fan's perspective so yeah it's it's pretty annoying but such as life there was a little question that I skipped there let's have a look as
somebody's asked a question here about withdrawals and stuff probably better to ask that to support rather than talk about it publicly Plaza player says that he gave up trading a few years ago
because thought too many people had jumped on the bandwagon and has it we notice through queries that we get in support that certain things become
favorable over short periods of time and I think markets inevitably get more competitive as they develop but for example there was no way I could do any
value based strategies sort of 15 years ago or even 10 years ago probably but the markets have changed in terms of how they're more volatile that the volatility creates a problem in one area but presents an opportunity in the other
especially when you're looking to pick off value prices so I think what tends trying to jump on the bandwagon and what we tend to find is that things become
popular and people jump on those specific bandwagons rather than the trading as a as a concept I think that probably what we've seen in more
recent years is that in fact trading is a concept has been dumbed down a bit trading has always been difficult and counterintuitive so I'm sort of saying
difficult I mean it's not a natural thing to do it's something that people of this light blur here so making a difference I don't think it is that was
a fail I think I'll just move over slightly so yeah trading has always been sort of slightly counterintuitive and from that perspective it's difficult but
not impossible but you get a very large churn of people coming through typically with a strategy and executing it and that's it and really learning how to
trade and finding a trading strategy is the start of a journey not the end there's a lot to learn once you get comfortable with trading in and out of a market and deploying a certain type of strategy and your role as a trader
fit as strategy to it so you've got the strategy element of it the risk management in terms of your money the execution which is you using the software and deploying the strategy to the best of your ability and there's a
that stage so I think you'll always get a regular large number of people coming on but dropping off the system because they sort of think well this is a bit
harder than I imagined and and that's fairly typical I'd say for any trading market
a few people have asked questions about training we are gonna do I mean I'm sat
in the sort of boardroom stroke training room here or part of it they what you see when I do the videos typically is you see me sat or stood stood in front so we have intended to do more training courses and we know that there is demand
for them but there are sort of competing priorities that I have that have just stopped me from doing that but we do intend to doing those again simply because people want us to but we have been in improving the online content as
is that there's only a certain amount I can tell you within a day gives you the chance to talk to me and for me to tell you stuff and get it within key context
of certain markets but I've always been conscious as well that that's just one part of a bigger journey so we have been working hard on producing more online content so you see more of that appearing in q1 simply because I feel
from the course and I've been a bit of slow juicing that if I'm completely honest so we wanted to make sure we got that in place before we restart the courses so it will we'll be starting up again and when the racing begins to
start a little bit later in the day is when I prefer to do those because it morning talking about the theory so that's sort of you know it allows me to demonstrate to stuff that we've talked about so I'd prefer that when this when
everything in Robert Bailey says is there a video of how use the advance
shot there is an advanced sharp mega video or HRT mega video that I produced that talks about trading from front to back I think it may be worth me producing a few videos on charting because there's several things that I do
and don't do on there there is stuff I talked about during the call but that's typically for digestion during the courses rather than for free on YouTube but it may be worth me looking at some of the charting aspects
from her from a deeper perspective part of what's happened over the years is I've evolved quite a bit so when I used to first trade you could just give me a and would actively trade it from there but typically I do use charts a lots the
problem that I have is that when you are looking at information within the market it's sometimes sort of pays to have a broader mixture of it so you often have
a separate screen which contains chatting which you can't see it's too is I basically bolted on more and more of those things so Betty angel sends me alerts it plays a little bit sound to me the charts have
trying to get that into a video that doesn't take half a day so I tend to stick with a default layout and explain stuff that's going on within that
more complex stuff but I can have a look and see what I can do in terms of developing some of that content but it has to be quite nation specific which
goes over the head of people who haven't got to that stage but that's certainly something I can have a look at a good question here about the Aussie Open tennis there are going to be it's basically saying let's have a look some
reason it jumped forward there I'm just gonna scroll back there it is yeah the
of the qualifier tournaments this is the Australian Open tennis the first Grand Slam in season it's going to take place next week to try and work out what
impact it's going to have and how it's going to affect the players but I must admit I'm completely confused because some players are complaining consistent matter and other so I think it's difficult to assess
immediately how it's going to affect it directly but my advice to you is look at the weather because current rain winds and other conditions indicate a changing pattern so that will probably change some of the impacts that the event will
have so the weather we'll have so that's the thing that I'm looking at the moment is trying to understand you would sort of think that perhaps there could be a couple of upsets or players that are going to struggle more than others you
adapted to the conditions but I think that keep an eye on the weather is my advice to you for that first week of the Australian Open what sources you use for
originally started analyzing football matches in the mid 80s believe it or not so downstairs I have the Rothman's annual yearbook that I used to use it's
my hands so I think I may have to wrap it up in a cloth or something to keep it but I do a lot of the analysis myself but the thing that I would say is that a
lot of the stat sites that are available now are absolutely epic and way beyond my ability to capture the same information and I think probably what I should do is a video talking you through some of the stuff that I'm looking at so
it I have intended doing one but yeah there are a lot of really good quality data some of some of the stuff I look at has a bit vague and like very niche so
not convinced that that would be a value but I think some of the broader stuff is quite useful yeah somebody's asking here do you think there will be any changes
to the premium charge I lobby for them all the time there's no sign that anything is going to change around that at this moment in time but I think that a lot of people have started to mitigate the impact of that and I think
the core mixture of that is changing about there and we did see better fair move to a two percent commission model effectively when they launched better rewards so I think that things are changing a bit but because they're a
public company and because they're worried about their P&L I would be surprised if there's any immediate changed to that simply because it targets a very narrow number of people and that mix isn't really changing so
I'd be surprised if they do change it obviously I would love them to do that but you know there we go klaudia says how often do you trade tennis one of the problems that I have is I'm a compulsive fiddler I love
messing around with everything basically there's nothing that I won't have a play with so I'll trade anything as long as there's liquidity in it so most of what
I do is dictated by the time of the year so I will be doing some of the early morning or late night Australian Open stuff but I tend to dip in and out of it
so it's like I'm not a devout all-out tennis trader but I've spent a long time modeling it and so I feel compelled to put that to use and I'm a constant fiddler so I don't trade it every day my main market as you probably know already
is racing but that's just simply because there's so much of it and also I love that it's in little chunks so if I decide to duck out of it it's very easy to duck out of it and return to Edmund I can just switch on and off fairly
be a gap in the schedule for me to be able to actively trade it and that's the same throughout the year really so I dip in our sports depending upon liquidity but as I've got longer on in my career I tend to focus on events that have the
consequence of size really
volatile over time so if you wind back to when I first started so they were sort of solid as a rock but over time especially the lower quality stuff
they've generally got more volatile and now that pushes out a lot of people who use quite basic strategies or aren't able to adapt but for every problem there's an opportunity so every change that occurs if you're wise to that
change there's always a way to exploit it so that would always be my advice to you is keep reinventing yourself but also keep good data so you can see you can just say one step ahead of it so yeah that's always worth doing as a good
question here from CA saying a lot of my friends just can't get their heads around trading can you do a is there a way of dumbing it down so I think we are going to make some efforts to to try and get it to that level I think dumbing
down is the wrong word carefully explaining I don't know but some I think it is difficult to understand and when I bring people in here it becomes a bit more realistic because they can see that there is some substance behind it but it
the population that will never get that so even after 20 years of of being in the markets and doing stuff I still get people who are desperate to prove that
it never happened or that I'm not doing it so I think you're always going to have that and there is a prejudice against people trading but also specifically gambling or trading in gambling markets is like a double or
triple negative so I think it is harder to get that message across to people but also I've always I've often found this with the press very hard to get the message across to the press I've wasted a lot of time trying to convince them or
encourage them to understand what's going on but there's a general sense of apathy or lack of understanding and they're also not keen to write positive stories on gambling markets so I think that particularly helps and I
don't think it will change dramatically to be honest now Barry says do you pick certain football matches or situations a bit of both really I do profile every
match but before the match has start so for example I was looking the Premier League matches early this morning and profiling what I thought they should be but as soon as the match is underway then I'll start looking at the stats to
generate the situations so you know if I see a wide divergence from what I expected that's and usually an opportunity to get involved somebody saying will it be available to watch afterwards yes it will do YouTube go off
and render the video and then they send me an email later and I'll just type a title to it and publish it so it will be available to view later what do you think is the best for a trader to make money the least efficient I actually
think the sports that hardest to model and rationalize are they're probably the best ones to do things that are difficult to understand on some videos there are lots of people verbs just sort of say oh this is a load of rubbish and
you can't predict things well the fact is you can predict things you can even is the range of estimates the American trading is all about sitting at those
sort of extremities really and and waiting for the market to correct itself or regress to me so you know I've always liked horse-racing although it is quite a competitive market there simply because of the frequency of occurrence
if I do a thousand races a week it's almost certain that I'm going to end up positive over the course of the week because all my little errors get sort of overwritten by all of the positives so I think you know if you go into a sport if
probably be a bit better at understanding the opportunities within golf but you really need to get the trading bit right so I think you should trade quite a few different sports to understand the concept and all of the
you think that you've got some knowledge that other people don't particularly have although that said you know on racing I'm nowhere near as good as other
people in describing the form of racehorses or how they're gonna run and trading strategy so it's the trading there that is dominant for me rather than the knowledge of the sport but for example in football there are loads of
things that I know about the way that footballs played and how things transpire in there but you sort of see that within bet angel because when we created soccer mystic tennis trader these were all ways that I was looking
opportunity so I think that if you focus on the trading opportunity and limiting your ability to lose money then profitable opportunities do occur and
your role as a traders to go out and find them and put yourself in situations where that's likely to occur so yeah I think that there is no one particular sport but I think sometimes having knowledge can help you the only thing I
would say is that you don't want that to prejudice the trading opportunity so learn to trade first and then and then pick a decent spot somebody talking
doing them we're just a little bit behind schedule in terms of new videos staff so I've had to fill in a few gaps there and we haven't been able to get
the videos out as quickly as possible as we would have done this year so those will be coming around Liam says do idea positions when your trade starts so you
it so so typically what I tend to do is I'm tending to get into the market at a doing really so generally speaking I don't tend to add to a position and it
position right and then managing my risk from there there are times when it's obvious that it's going absolutely in the right direction so if
backed and it starts to move into profit then you sort of think well okay you know I will add to that position but you must remember that most sports are time limited so your biggest opportunity is further out and your smallest
opportunity is right at you know as the event is about to happen or do whatever you're actively trading so for example in horse-racing can be ten minutes out you're going for a long trade but if you're a minute out it's not going to be
the same opportunities as five minutes out so you wouldn't use the same level of stakes so if you did add to your position you would reduce your snake and in fact typically I tend to be pushing positions back into the market around
that point so sort of yes and no if you're in a strongly trending market probably but even then I'm still not going to add significantly to it as we get towards like the maturity of the position the object champ says by the
time I've identified a drift or stream it seems too late to capitalize so what you're doing is you're following the market and you need to anticipate the market most trading the most effective trading is about being just a little bit
ahead of where the market is rather than following the activity within the market so you should never be in the position where you're jumping on something because it's happened you're looking to anticipate price activity in the market
moved significantly then I'm sort of erring on the side of going against that that move because if you think about it if somebody's back to ten grand five
minutes ago they're going to have to get that position out as we head towards in the other direction so yeah my advice to you is to almost do the opposite of that rather than waiting for something to develop and then trying to capitalize
them how do you the data every means possible so bet Andrew gathers data for
me gather data in spreadsheets and we did have a data gathering tool we published it was called odds extractor and the idea was that you could just download data from all of the individual markets and I didn't realize
when we registered that a main odds extractor that actually it says odd sex tract and lots of people took the mickey out of us for that but Betfair asked us to remove it they didn't want us to produce a data gathering tool so I think
it's really disappointing that you can't do that and they prefer you to license their historical data whereas there are tools available on the Bettinger forum if you go into the Beckford data section where you can gather data so I recommend
you go there and download and use some of those tools olympos had to avoid paying premium premium charge or premium tax premier text premium yeah he's put
pretty his corrected it I don't I have to pay it so last week I paid premium high rate premium charge I should point out on all 52 weeks so you can't avoid
able to find a way of masking your activity but if you're a bigger player I famously got my accounts suspended because I've tried to avoid it by shifting activity to another account but of course they're fair can spot that you
know if you're a big player you know you stick out like a sore thumb so you can't avoid it basically
Wladimir saying do you think he Rugby League will increase inequities and probably is the answer I think that if you look at the activity and the
liquidity that you see on the top games whether it's in an individual league or on European nights then that tends to increase liquidity so that should be very interesting as somebody says you have any video post about trading more
wish some reason my mouse keeps scrolling down some - scrolling
backwards to get the latest questions
you invest some passive index funds no I don't I think I can perform better over the longer term than passive index fund and I think that there are too many people classic investing in passive index funds which is creating the value
that's that you could consider that you're getting from there and so you're thinking about launching a separate channel to talk about other stuff simply
because I think that they sit very distinctly apart from each other so yeah that's one of the things on the list so hopefully maybe this year just having a
look here somebody pointing out a new Betfair live stream slowed up they did other people and they have corrected it some people were using bed tack that
seemed to be on the old stream as well which is interesting down says give us a little camera tour of the office I've got it all lovely set up here now if I I'll produce a video for you showing you what there is here there is a lot more
here than most people would expect we've sort of held back on showing it because we want it to be a surprise when people come here but there is you know I don't know if I've told the story about original I traded from half a garage in
of there and moved to an office about a mile and a half away and then two years ago we left that office and people started to work from Oatley and I still
there's new to see somebody working with me if they come in here but it gave me the chance to move out the old office because I was paying rent and I give me
the landlord all of the time to buy our own place so two years ago we actually bought somewhere completely new and I created my own perfect little environment here so maybe I should do a video on that let me know if you want me
to do that they were in premier leak again you know plenty of opportunities it's a game of
two halves if you look carefully at formations and tactics most teams will apart from Stanton who just kept the same formations day and ended up losing
but yeah you'll notice this happens quite a lot and they're always very of the second half something saying hey what's the advice on trading week
horse-racing markets in February just before chant them so at this time here I great twos there was a great one best result that I came at the grade one race
trying to stay out of trouble it's very easy I was talking to somebody on Friday about this if you've never been through this cycle before one of the issues that
you have is that it feels very weak at this time here and suddenly you begin questioning yourself and wondering if you've done things right and all of this but basically the markets are rubbish at this time of year and no matter how hard
efforts to really make it worthwhile but after a while I began to realize there was just almost no point so it's just a case of making sure I didn't make any
terrible mistakes and picking off the old opportunity and there's just so much opportunity over the rest of the year that it doesn't really matter so I tend to be a bit more relaxed start up a few new projects and go on holiday do a
couple of trips and stuff like that at this time of year ins and just have a really chilled time this is my sort of my slightly more relaxing time here because we've got Euro 2020 it's gonna be completely manic and I don't have
anything can't go anywhere it's just all on but I'll earn so much money the matter in the off period of the year I'm it before or you're you need a bit of money to come in and it's just not
happening it's better just to play defensive because people tend to get into trouble at this time of year simply because the money isn't there in essence I will be active on the tennis next week so I will be messing around having a
one of the issues I have with the Australian Open as well as Beth I don't provide live feeds for it because you can't bet in play or not easily in
Australia one of the issues that they've guys they have to pay a large licence don't bother and that is a bit of a killer really because I rely upon bet
angel looking for opportunities for me or highlighting stuff which you can't do day so I will be active and looking at it but it's not the biggest trip tends
to a lot of me it's a chance for all of the stuff I'm working on in the winter to throw into the market have a play around and just see you know what happens if I can improve on what I did last year basically
them but there are some good suggestions on here and I am reading them and I am taking them on board and I will either comment on the video afterwards or think about them after the things done so it's nice to see some suggestions on here
it's um I'd prefer to know I mean you can look at it from two to two viewpoints really you do any system within football from a fan's perspective
terrible because that there aren't many goals in football anyway so at least you could have a decent shout when one goes in in either direction but all of a sudden you're looking yeah it's possibly a goal maybe in a tunnel await and see
if the ref gives it which is destroys that that feeling that you get at the games and I hate it from that perspective I think it is important to get decisions correct because then it's done and dusted and whatever but these
marginal offsides I think are just atrocious and maybe the way to deal with tennis and then the team can decide whether to use them on all that means a
better thinking through but yeah and that the fact that markets are being voided and resettled is a bit chaotic on some of the football matches if the market management the vial was better I feel a bit more happy about that but a
lot of time it's a complete bloody shambles to be honest so often a lot of people saying what is the best at sports stars in Euboea I would recommend if you want to get used to the trading concept you may not find it the easiest one to
every 10 minutes or so and therefore it's quite nice to be able to get into the rhythm of it because part of the trading successfully is execution being
every four minutes but the liquidity is so low it's not a representative market but getting involved in racing gives you the chance to be able to accurately and
confidently be able to trade and get that that bit done which you can then take to other sports and but it's sometimes not the easiest head around when you're first starting out you may want to start on things like
football where you definitely know what's going on but I think you need to practice that trading concept and feeling comfortable with the actual move on so for that I'd recommend racing simply because you're big stakes are not
at risk and you can practice it frequently now somebody's saying if you generally you would often it makes sense if the the shift is significant to trade
tactics you can do there so for example trade out a big chunk after the first goal when it's a draw then you could lay the draw and that creates a window of
opportunity for you so there are many ways of doing that but typically you need to define what you're going to do when you open that trade so you should know the moment you open a trade exactly when your exit point is and how you're
go into and change your mind halfway through otherwise you'll never get consistent results and you can't improve so yeah make sure that you actually do along otherwise you'll never be consistent clauser players asking if he
wants to get back into better angel drop a an email to support their better help you out there candlestick charts do you find the music of trading horses not not
because people are asking for them all of it but I don't really use them that often because candlesticks in financial markets represent price activity over a period of time and in a lot of racing markets there just isn't the time to be
able to generate a useful candlestick indicator so I generally don't use them betting maybe to solve alcoholism they should ban people from using credit
cards to buy alcohol I think that it makes sense to take steps to stop people and I'm always careful to sort of not indicate to people that they should
expect the same success as me or even expect success at all and they need to be do it rationally but a lot of people get into a lot of troubles so I think banning credit cards does sort of make sense but I don't it's like prohibition
credit card and do that instead so I'm not convinced that that will solve the problem you need to solve it at a much more fundamental level to be able to
overcome those issues as some was asking here I posted a chart saying I don't
trust Irish Racing basically is slightly tongue-in-cheek but there was some reality behind that in that I have a value betting system that I use as well
does all the work for me although I do keep an eye on it and it works beautifully well and I first developed it on flat racing started doing it on
jumps but I just can't get it to work on our racing so that tells me that there's something going on in the market that is distorting the market the market seems
to know something which you don't see in some of the other race meetings so when I say I don't trust iris racing slightly tongue-in-cheek but I'm sort of saying I can't seem to get my strategy to work in our racing so there's something I'm
missing now is that something slightly you know related to Irish Racing or not but there is something going on there
terms of liquidity I think I mean they have improved a lot but I think probably the way that you're gonna get a real competitor to bet fair is somebody
coming out of the blue somebody doing something completely different and just did you the exchange concept is so simple when we started and it just seems to be so complicated now I think there's definitely a case for an exchange to
just really be in exchange and have none of the complexity that we now have but listed company is that they sort of don't change anything dramatically it's
all incrementally changed and it deviates from where I originally started but you'll never get radical change the only thing that forces radical changes a crisis so I think it will be a new entrant that changes the market
angle I don't see anybody doing that at the moment
have you ever date rated stocks that's that's a good question and I did many years ago I actually I've been I used to use press tell years ago some people will not have a clue what press tellers and press tell was scrapped and I got
moved on to CompuServe and I did my first ever trade through a trade on CompuServe it's amazing really that's the first ever financial markets trade that I did and and then when it was around 96 I became involved in a very
active group of short-term traders on financial stocks but I must admit back then I was absolutely useless at it I've learnt a lot since then so I'm a lot more effective and can do that and a lot of brought us brokers when 0% Commission
day trade is Commission so the u.s. brokers going 0% meant that I did mess around on that a lot last year and there's a lot of strategies that I can
make money at short term that rely upon low frictional costs and that happened problem is it's like going back to trying again much better than I ever was
now and I can't do it quite effectively but the position term is undefined I've suddenly got very used to being in and out of the market it very clearly
defines time period you go back to financials and then suddenly there's no messing around a bit more on that because of the changes in the u.s. in 2020 somebody's asked me about boxing here I must admit I don't really trade
boxing so I don't really have an opinion on it somebody's asked me if I prefer scalping or swing trading your role as a trader is to look at the market decide what would work best in that market and then deploy it so when I first started
trading the the in thing was scalping and over time people have discovered that there's more to the markets than just scalping but for me it's always been a case of when I first started trading there were many markets that
those markets so I don't have a preference for one style or another I that strategy
thank you good good-looking honky I love your comment I'm not gonna read it out I'm gonna Google you know somebody asking if I've looked at academic papers
if I could to give them data or read some of their papers to see if there are any glaring errors before submission so I have seen quite a few academic papers
the interesting thing is when you look at academics they often fall it I'm not I'm not gonna cast this across every single one but academics fall into the intelligence trap so there have been several not everybody because because I
had a guy here who's very intelligent last week and we had a really good interesting conversation and I thought yeah you know this this guy really gets it but my general experience with a lot of academia as they just don't get it
and you know I don't have a PhD but if I speak to somebody who does have a PhD often the default mode of operation and again I'm not casting you know a net over everybody here but the default mode of conversation is like you're not
worthy so because they're better qualified than me they feel that they're better able to describe something but in fact I've done a lot of work which I well I've done really well using this information so I'm not ready to do that
maybe when I retire or I'm 85 or I'm on my deathbed from hate use to release it but it's worth more to me now than it is from getting the kudos from academia and
mold but typically what tends to happen is people who are trying to create proofs will often be looking in the wrong area and will often end up
proofing the wrong thing you're just denying that's you know something can exist so I exist I've been going for a very long period of time having a really impressive track records but technically speaking it should be impossible but um
you know is possible and there are good reasons for that but if you try and discuss these then you sort of get batted down with the I'm more intelligent than you and therefore you must listen to my view
debate when in fact that's not a sensible way to go but I do know lots of strategies so I'm not casting the net over everybody here you get that people often fall into so I've seen lots of good articles and discussions but
sometimes they're often missing an absolutely layering point that would be critical that would elevate that paper to another level and they've just missed it completely and there's nothing I can do to explain it
somebody says for swing trading flatter jumps the up no preference works on both I do prefer flat meetings though because the liquidity comes thicker and faster
and you get much more time in the markets on the flat season so I tend to perform better on the flats I've noticed the jump seas and the liquidity is a bit weaker and therefore they must be weaker betting markets so yeah they tend a
I would indicate maybe look at swings when you are in slightly weaker markets
Wladimir says have you opened a thought about opening your own exchange platform I have but the I don't have the money or time to do it properly I need somebody else to do it really so I'd prefer to do a viral partnership really which I can
steer and guide and where somebody else dumps up the money to be honest but yeah it would it thought has crossed my mind but I think the solution is to find the right partner to be honest somebody's asking if I hold the whale trading
that Malik and Mark Austin Kamran Malik and Mark Austin no never never heard of that don't know anything about that good stuff
bit high at the moment I have made a few investments over the last year some of them would have been really good some of them not so good so I've always sort of
tended to do alright but I'm meeting with a hedge fund manager in about two weeks time and we have very lengthy discussions so maybe something will come out of that don't do a video on it perhaps but there's nothing on the radar
usually it's interesting like the way that I trade I tend to look for things that are out of favor that perhaps people haven't spotted yet and I tend to
desist from them so I'm looking for situations from least likely to lose around down says also do you make a profit where you can stop your work so I
think what you're saying is do you ever make enough where you stop I made enough a long time ago so it's it's not money that drives me on Inlander I just enjoy doing it and finding new things so I think that's what you're saying but I
could stop tomorrow if I wanted to but I don't want to stop there's this sense interestingly enough when you're in a market as well that you want to protect somebody else would have filled that gap and I may not find a way back in
Kalem saying did you give up cricket trading or you still going with her since the World Cup I did the World Cup so that I could get data play around understand what the concept was and how I was going to trade cricket and come up
with a model basically so I've done that but I haven't done much since I simply because the cricket is going off at the wrong time for me and I've got better opportunities elsewhere to do other stuff but I haven't given it up but I
sort of what strategies and tactics worked and why so yeah it's not it's not dead but it's not alive either
girls I actually thought the vial would probably decrease them there is some research that was reading last week which I cannot remember the conclusions
off about whether far had increased or decreased it they've done some really good work on it I knew somebody would so I didn't bother I just read somebody else's work why not but I sort of thought it would decrease the number of
girls because more would be ruled out and those dodgy ones where it you know that critical moments within the match would suddenly be definitively not given but I think it may have just average tits elf out with some of the girls that
have been you know because they're letting the play run on a bit before deciding about far so inconclusive of the moment I'll have a redo this report properly and there are some conclusions within there another question about
wages the I am unusual in terms of how much I earn so I've always been a bit sort of coy in terms of saying how much I earn because I don't want people doing experience and I consider myself to be right at the very edge of what is
possible so what I do is unusual and that's an extreme so I've never wanted to position trading as something where you could do the same thing because you
probably couldn't but in terms of as long as you've regimented I think the or you're focused on the money then it'll probably make your worst trader I trading is if you focus on the opportunity and the quality of the trade
and you have consistent money management and there's no reason why you shouldn't be able to get something out of a market but you would have to trade lots of markets because it's a balance of profits and losses and when you trade in
that manner so I had no idea what I was going to learn today I just sat behind my desk and just worked each market for what it was was worth in my head I had no doubt that I was not going to not make any money today I knew I would
make money stoves just a question of how much but that's a luxury that just comes from years of experience and I knew when the feature race was and I was gonna throw as much money as that as I could if the market would take it but I don't
have any preordained value that I'm looking for and I think that's the problem when you're trying to replace an income or you're trying to grow your account balance it's easy to slip into that mode and like I said earlier on the
live stream if you try and trade in January the same as you would do in June you're gonna get totally different results so you've got to look at it from almost a seasonal perspective in terms of what you're likely to do but my
earnings are much higher than most people would imagine some people have struggled to believe it's possible anyway some people don't believe that you can do it on any scale but I've been here for a number of years doing it but
that's simply a function of I started early got experienced very quickly and relevant to what most people were done and the video that I did recently which
was could you make a hundred thousand a year on better watch that video because that gives you a really nice answer and also the how to be a millionaire trader video because it's got nothing to do with being a millionaire but everything
to do with trading and how you should approach trading so that's that's the approach that you should use and it's more about protecting your bank not and to start with that's going to be tiny you're going to be working with
small Bank and small stakes and it will be absolutely tiny but so did I when I started I was owning pennies per event that I was trading and then pounds and but that's the effect of compounding really so yeah I think it's a very
personal thing and something that you need to look at in terms of the don't look at the numbers get the trading right first and then everything will start to slot into place from there
but yeah the I actually know a lot of the numbers of the structure of the market just because I've been nosey and interested in reports and stuff that come out of bets to be fair and related entities so I have a good idea of the
distribution of that so maybe I'll trying to think how I would best that at some point you've got people asking here for a live stream when I'm
to be totally focused and all of your resources focused on that and therefore I'm not sure I could probably record stuff and post it afterwards but doing
it live I think it's just not going to work really when I trade life when I do courses you have to try and talk through what you're seeing but everything on and I think that proper trading is it's almost done in silence you're just
going for it and working really hard with in the market but it's not that without the narration
exist in tennis matches sort of doesn't really although the change in rules with the tiebreak in their very last sentence that have advantage to play out the last
set means that there is a finite time which you can roughly predict so that is there was no particular element of time 2k was the number of points left to the end of the match there was the key factor so you won same
do so yeah hopefully you understand that
they did it they're just making sure I'm on the right path it's the let's look what are the chances of the number of us customers booming
know I've done a few trips over to the US and that would be the most amazing thing ever I think it would be brilliant if that were to happen I go over there
regularly for a number of reasons but whenever I'm over there was take time out to try and promote the exchange concept the problem you've got is you've effective got 52 states and multiple bodies representing many different areas
and that's where it all starts to fall down really but I'm pretty sure if an quickly I don't think any of the con exchange has been anywhere near
aggressive enough in the US and for me exchanges are a better way of people more equitable gambling medium but exchanges it get crushed in other
countries because they're considered to be a threat to the current ecosystem where is it in fact I think they solve a lot of problems so you know I'll keep on pushing and maybe one day we'll get there but it may not be in my career
that it takes off but I'll still do it because I think that there's still an opportunity there
there's a question here and saying I'm not a bright person or I can't take the know that I was that person too because when I was younger I have recounted this
like get a cane out every five seconds but they wanted me to behave very well and the problem is that crushed my risk-taking because you wouldn't do
stuff because you were in fear of being punished and the way that I got over so people who know me now or knew me then and see me now just see me as a
totally different person and I think I learnt that taking risks isn't really a problem it's people the biggest mistakes that people make in life is not taking enough risk because it's not that things go wrong it's how you deal with it that
matters and if you can deal with a problem you know how ever created and whatever walk of life and that skill you only learn by putting yourself into that situation but it's that first step is the hardest one but once you put
yourself in that situation then you suddenly find yourself better able to complete fool and it's gonna feel uncomfortable but the only way to overcome that is to keep doing it and eventually you become more things fall
into a more natural sense of being able to deal with those situations and that's what you need when you're trading so you know probably one of the funnest things you could do is you know go and start cold calling people or something go to a
to have to cope with rejection consistently and coping with rejection is a form of coping with a loss or a fear of failure and that's something that's important when you actively trade but some sort of fear nothing now some
that I've done but I think that when you do crazy things and you realize actually it's not too much of a problem then it makes it easier for you to be able to or improving your ability to take risk there's something skids funny I'm just
at the top of a waterfall next to a sign saying do not stand here that's a good example of some of the risks that I take now that I never would have done if he'd
have wound me back 25 years ago I would have not gone anywhere near that but it was a good selfie some saying would you convert a millimeter yeah we should do
it I keep meaning to defer ages we were gonna do it about two years ago and then the girl was in my team got pregnant and had a child and she was gonna arrange it and I'd be happy to do that he's a good question why you're not trading chance'
tonight because it's rubbish I'm not expecting to Saturday nights generally nights off for me so end of a long week I did some Australian racing this morning and other stuff and so for me when the last race is done in the
I generally I know from historical records that I generally don't do well it's an opportunity for me to chill out I often tend to play fifa funny enough
on a Saturday evening and but you know anything other than trading typically it's my start of my weekend I don't tend to trade Sunday's as well apart from if there's something special going on on a Sunday and so I tend to do the garden or
something so Sunday's I tend to have off otherwise I could just trade 24/7 seven days a week
that's quite a complicated question here on automation which i think is too difficult to answer in this sort of format but maybe I can follow up some other way on that because stuff says are you the biggest trader on Bedford it
depends what market you're talking about because and also the type of structure work the markets together and there are people like style is it that are
obviously active on the markets or other syndicates that I'm well aware of but on an individual basis and on certain markets I am very big but in in
aggregate and as a group of customers there are lots of big traders around there a lot of I mean without being disrespectful a lot of the content that you tends to see isn't what's the word I'm looking for here isn't
representative of you know if you if you look at what it takes to be a big trader this is what I'm trying to say it's a lot of work and you have to do a lot of markets and you have to do a lot of things so it's manual automated and
doing multiple markets doing all sorts of crazy things that's what you need to do to be a big trader but I do all of those things so necessarily by default I'm at the right edge of the bell curve on that I do actually know but I'm I'm
not sure if I would would give you all of the detail behind that but if you want to be a big trader you've got to be like any other job you've got to work hard and do things that other people that aren't prepared to do there's a
question on here saying no it's just it's flips down to the bottom
that's I think it's cuz more questions are coming and it keeps jumping up it's a bit online if you try to protect your end of your profits right now how close
do you think again I'd to get some I get pretty close I should think up I have a good idea of roughly where I'll end up I should think
Callum's complimented me on a video that I did so I'm happy to do more of those videos if somebody saying Thomas is saying I are you aware of people have
special deals people Bedford went through this period of offering people a free Commission instead of premium charge but that was no different from paying premium charge it just effectively paid it upfront I haven't
met anybody yet that has any special deal or any particular advantage so it there's I should actually do a video on how people got around the inn plate
they're like a few years ago it was a long time ago but it wasn't that they had an advantage it was they just did something that was quite clever and people were sort of saying well there's something wrong here and it took a while
but typically if you look at for example in play sports and you see a prices being taken very quickly what's tended to happen on in play markets as people
anticipate the anticipate is now so very often they're placing positions when it looked at the markets to try and understand what's going on and the
moment the ball was being hit by the server somebody must have been placing a bet because the time elapsed between if you work your way back from when the the point was settled to when they must have placed the bet including the in-plane
delay and I was there it must have been at that particular point so it becomes a process of anticipating the anticipators and as a consequence I think that that there isn't
let me said how do you trade Australian wrestling very well I did do a a blog actually on how I got introduced to Australian racing and it was almost by accident I traded my first Melbourne Cup I think I can't remember when it was was
it 2006 it could have been earlier than that I have written up about this but yeah going into Australia and racing properly it happened almost by accident but I have been trading Australian race in for quite a few years now I portrayed
it in a similar manner to the UK I don't do anything dramatically different but the liquidity is lower so you how to adjust further if somebody's saying I you will have issues with your bank so in the video I put up the other week I
was saying about how I remortgaged my house before I went full-time so that I have plenty of money just in case but the bank's twice I've been this is on
the business side but twice I've been rejected an account even by the bank that I was with on the basis that the company was involved in betting and it's not even involved in betting us so frustrating so he needs to prepare
yourself if you are thinking of doing this because if your only source of income is coming from a betting company then they will frown upon that so I open a new bank account recently in the first deposit that I did was out to bet fair
and that seems to go fine so I thinking way and I went to deposit five grand back into the bank and the bank froze my account can you believe it thankfully they did unlock it fairly quickly afterwards after I spoke to them but you
are going to be plagued with problems guy says will ever be an automation nominated Section three if you want once on the forum and if there's demand we will put it in we can certainly expand
that if you wish to do so does your automated trading with servants beat your ROI Dadar I've just
seen that and it's moved again I still can't get used to the the scroll eNOS here I heard is the reason we invented servants is because there's some stuff
that works beautifully well with automated betting and there's some stuff those so I use servants quite a lot simply because you know say you're
trying to do something and you see an opportunity if you use the servant to do the point of execution given certain criteria then you will improve your ROI on your trade it's absolutely enough to below that will happen so I'm using the
servants that way allows me to create much better opening or closing positions intelligently than I can see it so it does dramatically improve what I do and
that that's been something that's aided my trading over the last few years limbs asking on Barrow rewards which plans should he choose I think if you
choose the two percent if you're a high rate premium charge pair it works in your favor as they calculate commission generated at three percent so if that does work
and you keep focused and not sidetrack there always seems to be something to distract me yeah at the actually it's creating the office environment was what did it for me so people know not to disturb me in my office whether it was
here or any of the previous places that I've traded from and I tend to trade in isolation I don't really want any distractions so even I get strikes down again I you know I've made a couple of complete cock-ups and sometimes I'll
rewind my pitchers so look at something specifically and then forgets to get it back to life so sometimes I make that mistake but generally I'm reasonably you just have to cut everything else I often listen to ambient or classical
music because that takes my mind away from anything else going on around there to music with lyrics on because I start singing too
somebody asking if I place positions with pinnacle or other companies like that I'll look at them but I don't tend to place any bets on their somebody
asking if I could do a low liquidity markets on Ozzy markets there when we they can be quite low liquidity so that would probably be worth me doing a an
example on there they're relatively straightforward in all honesty do you trade the u.s. racing markets generally not I can do it but they're so low
liquidity and the start times are so random that I generally don't do that I did do some automation on it which ran but never yield it much but there just isn't the money there in all honesty for for me to to do that Calvin was asking
question earlier about the quarter past five market it and Chum said I imagine there was an inquiry column
do you watch any of the libraries or listen to the live radio I watch every race more or less I'm interested in that there are little things you can do sometimes a little hints you can get if you watch the race live which are in
finishes and then switching to the other side so I'll often switch back words and thoughts between activity but I do watch a fair amount of live races but I don't
spend too much time on it but it's just sort of there and you pick up a little bits of information now and again so it does sit in the background video
dedicated to bankroll management I can certainly have a look at that for you
so um bus warfare saying does that mean you have to be fairly selfish towards others I think you mean in terms of being not distracted and so on because
when you look at trying to keep focused and I think you do needs to be completely selfish in all honesty so he's asking here I why don't you trade
in running I do do a bit of in running and I can do it it's just that I earn enough from pre off to make that my main focus so I'm looking at the pre off markets before they really become alive and for that I can't trade the end
to do the things that I want to do so that eats into that time and the pre off markets are five times the size have been running and most of the in running
volume comes very late on so the opportunity for me is much smaller so do well I'm going to do some in running stuff so I've had this habit of
analyzing everything in great depth so I've got lots of good information that I can give you if you want me to prod you in the right direction on that
independently sometimes I'll say do you have more than one better account if
you're a VIP customer then you can get master and sub accounts it's that's been that way for as long as I can remember I think a question here when is the best
time to predict a movement after the five minute mark with a biographer activities or joining the market or before this happens you can actually if if you give me a market that is taking place tomorrow I can tell you roughly
how it's going to behave I can tell you how much money it's going to turn over when the money will arrive and probably what shape the market will take as the money begins to arrive so you can actually look at a market way in advance
and get a really good idea of how it's likely to behave now the problem is you're looking at it from a quite a broad perspective there you're sort of in which is probably going to behave and this is probably what's going to happen
so the more information you get about a market the more accurately you can trade it and especially in racing most of the real liquidity comes in quite late and
as a consequence the amount of money that comes through that market provides more information so you have to balance out the level of information you've got with the time that you've got left in which to trade it so at some point you
have to jump so in my head I have a list of things that I'm interested in and then one by one I'll see those things getting ticked off and then as it you can't predict stuff a long way out but the closer you get to the off and
actually predict exactly what's going on with it so because I trade order flow it's doing and that's influencing my decision on that particular market
from cycling was it the Rio Olympics I got an absolute fabulous result on that so generally speaking especially in an in-place sport a lot of tactics can be
transplanted because what you're looking at is uncertainty really if an employee that's got the widest traded range the most volatility as long as you can limit losses then you can expose yourself to a good potential profit in any sport so
some of the sports the Olympics itself it's they hate gambling so the markets liquid than others but I would expect that if I
transplanted what I did it's the Rio Olympics into cycling markets you would be able to replicate it there the thing to bear in mind is the the key most important factor with trading is you must have large amounts of liquidity
quickly as possible and you can only do that if the liquidity is there so that's your key factor a random greatness what a great name that is what is a good
strategy for soccer when you cannot trade in play trades team news I've produced a video this week on team news talking about some stuff that happened recently I wasn't happy with the way that it came out so I'm going to re-edit
it next week but when that's produced that that would be the best strategy so that'll be up there and there are videos on it on the channel already but it's information what would be the best piece of advice in gyfer and running trading
courses is basically every course runs completely differently but and you know the straight mullet asker will be completely different from a chepstow or distinct states within the market that exist during the race itself can't
explain that in five seconds but hopefully I'll do a video on it which will explain distinctly what those areas are so you have to be present in one of those areas if you're not present in one of those areas then you have to you know
that's going to be a mistake so that's something you need to be careful of
somebody's just trying to spam the live chat so all of your messages have gone straight off the top here
I'm saying can you do more Saturday evening streams I probably should do in officially finish and when my evening starts and when I get onto FIFA and
more and perhaps theme it around something as well so maybe I should do some more of those yeah it's a there's a really good question here actually
because Ambrose says do you have any plans to sell your business well a few years ago now it would be four years ago we did actually explore that because I bet angel was created because I needed a tool to be able to trade from but
it's used by a lot more people but we did explore a possible sale about four years ago but the interesting thing was because of the way the business is
structured and the fact that we don't really take a like a normal wage or anything from it the advice that they're given to us is that it was worthless almost because who you know if anybody ever bought it they would have to have
everybody within the team on board already and because it wasn't structured like a normal company there would be no point in going down that route anyway so did go through that process just out of curiosity but I set up the company in
such a way around that time that it would continue with or without me basically so we have no intention of selling it in the near future and we are reliant upon it in order to be able to continue to develop and invest in the
time I think the only thing that would cause that would be if I fell ill or something then obviously the business would probably have to change so that's
or picking up a major illness or or in a disease or injury or something and maybe that would change things but no plans at this moment in time
have you ever thought of increasing the amount of soccer trading you do during 2020 I will do an awful a lot so I do focus it one of the problems that I have is it's only worth me putting a lot of energy and effort into something if a
lot of turnover other than that it sort of limits the ability of what I can do so I have to be careful about picking and choosing events that I trade so I tend to pick higher liquidity wants what should I do if I get hit with the high
rate premium charge getting contact for this but preferably do it before you're anywhere near it or you think you're moving towards it because we can help you identify what you can change in order to avoid it so if you get in
contact early enough and you're below the threshold then there are things you can do the reason I can't avoid it is because I was way way over the threshold when it was introduced so it was effectively retrospective for me and
there was nothing I could do there's no way I can ever generate enough you're below it and you're heading towards it then get in contact and we will help you can you add a comments section to the rule editor that's a good
suggestion for the software stick it on the forum because if we get loads of people liking it and commenting saying yeah this is a great idea then it goes on to the development board and we can't guarantee when we'll do it but we
correct order to be able to do
mark says why did spec faire remove the multiples from the exchange and worried they'd removed the multiples because they're the multiples were always not an
exchange product they were a secondary product they were that the risk was the first place what they should do is have the multiples on there as an
exchange product because I would happily go in and lay decent odds on multiples
chocsaway says is talking about potential in the Mac I have done some so you can see what I do because I'm actually have a MacBook right here and I
tend to use a MacBook if I'm traveling and so you can put that angel on it there are a number of ways of doing that but not natively until a blood acts now
that's a name in half isn't it what's the best horse racing TV service with a shortest delay at the moment or certainly on today's evidence when I was looking racing UK racing TV it's cool because they cover Irish racing but
degraded recently but they've switched it back vegan dog says I hate to be a
optimistic
and I know that my team will be waiting downstairs for me but we will do another livestream we've had plenty questions and I think probably we should do maybe
maybe I can squeeze one in again next weekend we'll see we'll see what the reactions to this one but some did trading discipline or come easily to you not initially and when I first tried trading was on short term on financials
and it was a complete mess it was hopeless I made all of the mistakes that I advocate people not making now and you know you would try and chase positions
management was bad you would completely lose it at certain points so my psychology was wrong and I recently came up with this sort of model of what was
wrong I've been teaching some people recently where I've been trying to use their content for videos and you'll see one of those I put one up for you tonight if you like and I was interested in I know how to trade I know the way
things was actually getting people to think correctly or adjust their behavior so I came up with this matrix which basically gets all of the key elements
and then identifies where people are going wrong so I'm trying to put that into a form that looks nice and neat and allows people to identify what their issues are but I'd say probably the number one issue that most people have
trade but it's coping with losses and the stress of trading that often throws people out and and I think it's difficult to overcome that without just
I used that I would recommend that sort of settled on as a wave of getting be doing produced something wrong add it to the checklist and you'll end up with
a big checklist and it will feel really unnatural and you'll be slow and you opportunity's gone and stuff like that but gradually you get faster and faster and and slowly it becomes intuitive and you begin to be able to take risk and
trade much more effectively so this was the method that I found that tended to work with people was you know they would feel like they were getting no way for a long period of time but slowly and surely it begins to sink in and they
would change their behavior so it's it's a big ship to steer its heading in one direction you've got to just gently turn it around there's no sort of shortcut in terms of getting people to think the right way and to trade more effectively
other any recommended books to help with psychology there are I should probably books and what a bad books i've trawled hundreds of books over many years and
there's some books that i know when i've got a good book it's a shame haven't got my phone with me because I could show you on the camera but if I tend to listen to audiobooks now simply because I can do that while I'm doing other
things and I know a good book because I'm constantly making notes so the books I would recommend are the ones that I'm constantly making notes on because then I take those notes put them into a more concise format and then reread them to
remind myself of all of the stuff I learned in the book so I should probably read and some of the books that I would recommend because some of them are a bit out there they're not what you would typically expect and I think a book you
get you get you do to find between books that are made to sell and books that are they contain a goldmine of information so maybe I should to do a video on there
what are your views on trading American sports like NFL and NBA it liquidity is see what's going on with them within those markets so there are obviously
people active and trading those markets it would be nice we really need them to adopt the exchange over there for that to be much better right I'm gonna have to end it there because it's been about an hour and a half now this video should
render in the next twenty minutes or so and I'll stick it up on the channel but for those who have just arrived and you know have missed most of it you will be
able to see a complete replay of it but also I wanted to thank everybody for on here and you know part of the reason for doing all of this is to get you on
the right track it's a market that is non-traditional bad advice and I'm in the fortunate position where I can actually dispense
it without having any sort of impact on myself so I'm happy to try and give that should or shouldn't be doing but if you do like the live stream then let me know
and if it's popular then maybe I should do a few more of them although I'll it is an impact on other stuff that I'm attempting to do at that moment in time
but some thank you very much for joining me this evening and I look forward to live stream now which I think it's probably up here somewhere but yeah