Caught Out

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Since Last Update P/L: £306.13
Monthly P/L: £497.51

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We've all played Monopoly and we've all been saved by the 'Get Out Of Jail Free' card. Up until Sunday morning I'd forgotten how sweet that feeling was.

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Yet again, I'm kicking myself as I should know better. Twenty 20 Cricket is a high octane event and whilst I'd call it my specialised subject, I'm prone to forgetting that it takes time to adjust to the speed of the game - especially after not trading it for a while. So it shouldn't really surprise me that this is exactly what happened when I settled down to watch the Aussies take on the South Africans over the weekend. After being extremely hasty to get involved I was licking my wounds at the turn of innings and staring at a near maximum loss. It was time to steady the ship and fortunately after playing things tight I was able to recoup most of the deficit. Not an ideal way to start the season! However, I do find it comforting to know that even when I get multiple decisions wrong, I'm still able to make just a small loss. The ability to do this when things aren't going my way ends up saving me a hell of a lot of money over the course of a year and it keeps on reminding me that if I can keep to big wins, small wins and small losses I'll end up being a pretty successful trader.

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Which leads me onto my next subject - Million Dollar Traders. The idea for the TV Programme that was screened on BBC 2 last night is similar to that described in the book, 'The Way Of The Turtle'. Give ordinary people some money, teach them to trade and watch them succeed. At least that's the idea, but any of you who caught the first show last night will vouch that it didn't look that simple! What made me laugh was how similar the experiences of the novices on the show were to when I started on Betfair. I'm sure many of you recognised the weaknesses; lack of discipline, too much emotion, hesitancy, bad timing, over analysis, reluctance to trade, laziness etc. The list goes on. All good entertainment and it'll be interesting to see how the volunteers fare in the coming weeks. One not to miss, and if I'm truthful I'm a little envious that I missed out on giving this show a go :-)

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One last question. I've been a big fan of the Bet Angel team since becoming a customer of theirs over two years ago, and have always been inspired when I watch any of Peter Webb's trading videos. So after reading various new blogs where the authors mention that they've attending Peter's trading course, I now believe the time has come to make a decision on whether I'm serious about trading Horse Racing. Progress on my own systems has been slow so perhaps it's time to gather some insight? This is where I need your advice. If you've attended Peter's course previously then please leave me a comment and let me know if you think it will be suitable to my style. All the testimonials on the site look good (as you'd expect) but for £400 I'd like some independent advice before moving ahead.

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Any help would be appreciated ;-)

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Here's my full list of latest results:

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American Football : £265.19

Cricket : £33.18

Horse Racing : £18.60

Rugby Union : £55.00

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