Trading for Profits Bringing It All Together

The Aim My aim over the last 6 weeks has been to share with you the key elements to developing a profitable trading strategy for you to build upon over the coming months. By now you should: Understand the betting exchanges and how they work Understand the markets and price movement Understand the edge that using trading software gives you Realise the importance of developing a trader’s mindset Appreciate money management and the importance of a trading bank Understand the horse racing markets and why they offer such an opportunity to us as traders Know how to read a horse racing market Know how to plan your trading day Know how to plan the appropriate trading strategy for the market Be confident in the two key trading skills of scalping and swing trading

Moving Forward I recommend that you review each weeks training and ensure you understand all the basics of trading . Over the coming months your goal is to put into practice what I have shared with you. Keep it simple, trade with minimum stakes and as your confidence grows increase your stakes. Build your experience – the one thing you can not teach is experience but armed with the knowledge you can safely gain that experience as opposed to most people who learn by trial and error – an expensive learning process. Especially with trading. Do the basics well – do not try to swamp yourself with too much in one go. If you can master everything you have learned over the past 6 weeks. You will make some very decent profits each day, build confidence and develop a trading strategy for yourself that will be scalable.

Develop yourself a structured approach to your trading Each day you need to set yourself a routine and structured system in which you trade:• Set up a trading station – organise an area for your trading hardware which you know will be quiet and you will be able to trade undisturbed. It requires your full undivided attention. • Plan your trading day in the morning - Set up a system for yourself where you spend 30 minutes running through the day’s cards, making notes on the make up of each race market and what likely strategy you will employ. Scalp / Swing / Leave Alone • Focus on nothing else but your trading when you trade. To truly get a feel for trading, you should have your focus solely on the markets and everything connected to those markets. I do nothing else other than trade when I am trading – I switch off my phone, my email and any other distractions.

Practice , Practice and Practice Some More The key to all of this is in you practicing and building confidence. I read so many posts on forums by people saying it is impossible to make money trading and that if you do not have a huge trading bank then you can not make money . In my experience it is quite the opposite – you can learn the skills and how to read the markets and what they are “likely” to do and how best to profit from them. The market gives you big clues as to what is likely to happen and it is our job as traders to interpret these clues and apply the relevant strategy to profit from them. Practice reading markets without trading them – use Bet Angel prectice mode to build your confidence – keep records of your results and analyse them each day – which markets do you make the most profit on ? – which do you struggle on and why ?

Get More Training Once you are confident and making profit then you can afford to invest in better hardware and more training. I recommend that you attend Peter Webb’s Trading Masterclass, as this will give you more advanced strategies to apply to your trading and teach you how to automate certain aspects of your trading and integrate excel spreadsheets for automation. He also has the excellent Betting Exchange Academy . I will also be holding some free and paid webinar training for more advanced trading techniques in the future.

Leveraging Your Profits My final point is in making sure that once you are making consistent profits from your trading you “leverage” them to make more profits. You can use those profits to “lay the field” at certain odds to boost the profit in certain races. You can use the profits to back horses. Many of you will already be email subscribers to my back selections, but you can use a percentage of your profits to invest in your daily back bets. These give me over +500 pts per year extra profit. I also suggest you look at additional income streams from developing a lay strategy into your overall betting strategy of backing and trading.

Enjoy Your Trading Career  Above all make sure that you enjoy learning and developing your trading style. I am sure that each one of you will develop a different style that works for them. The more you can trade without pressure the more successful you will be. Trade within your skill levels and build your experience and I know you will develop a fantastic income from trading for yourself. An income that is reliable and consistent and can open up all sorts of opportunities. If you have any questions or would like to leave a testimonial for this course then please contact me on [email protected] .