BetTrader Challenge Chat Thread

[cripery]

Morning all,

Just thought I'd chip in with my progress (or lack of) to date. Been sticking to the horses mostly and just when I think I've got the hang of it I do something stupid. I think others have mentioned it but I just find it so hard to accept the small losses. Here's my P&L from yesterday and you can see what I mean! Chugging along nicely making a small profit on each race when along comes a massive (comparatively) loss on the one race - wiping out all the good work for the day. Starts off with me not accepting a 30p loss or so. Then, escalates to me not accepting a £1.20 loss, then ends with me trying not to lose my whole £5 stake!! - but only just managing it.



If I could have just got out to only lose 30p or so on that one race then I'd have been £4.00 or so in profit for the day. If I could repeat that for a month I would be quite happy! But, unfortunately, I usually end up with a similar P&L to this one.

Oh well... - will press on to the end of the month!

[Grandthrax]

Morning all,

Just thought I'd chip in with my progress (or lack of) to date. Been sticking to the horses mostly and just when I think I've got the hang of it I do something stupid. I think others have mentioned it but I just find it so hard to accept the small losses. Here's my P&L from yesterday and you can see what I mean! Chugging along nicely making a small profit on each race when along comes a massive (comparatively) loss on the one race - wiping out all the good work for the day. Starts off with me not accepting a 30p loss or so. Then, escalates to me not accepting a £1.20 loss, then ends with me trying not to lose my whole £5 stake!! - but only just managing it.

If I could have just got out to only lose 30p or so on that one race then I'd have been £4.00 or so in profit for the day. If I could repeat that for a month I would be quite happy! But, unfortunately, I usually end up with a similar P&L to this one.

Oh well... - will press on to the end of the month!

I know exactly how you feel, hada simular day to that yesterday. Got hit by 3 big losses (well a few pounds) because i didn't take the small loss.

[TimRobertson]

Crippery it's not to bad, I put £5 laying the draw for the real madrid match on monday thinking they'll score early against the irish and the odds will shoot up giving me a nice profit. Of course it went on and on and by the 85 minute thought better get out before I lose £60 ish. As soon as I cut my loses ( far to late ) Real scored and screwed me all ends up lost about £30.

2 lessons backing first is cheaper and take small loses and get back into the market, rather than letting big ones build up.

Sorry if i shouldn't post in here as I'm not on the challenge.

[Cloverleaves]

I think any advice and encouragement is welcome.

[TakeAwayTuesday]

Well I'm finally over £100, and no major losses yet.

Got the Wembley cup from tomorrow for football traders. Might be taken a bit more seriously (but don't bank on it) than normal pre-season matches.

[Procrastinator]

Hello all,

I'm struggling a bit to find things I can trade on. I'm awful at horses, to the point that I think a furlong is a particularly hairy horse. The cricket is gone for a couple of weeks and there is no ftie that I can really get stuck in to.

I don't want to rush in to trading for the sake of it on something I have no clue about, but I also want to actually try some more trading!

Oh well, I guess worst case is I leave my account as is and then use it again once the footie season starts again.

P.S If you haven't posted a score for a while, put one up in the Trading total thread so we can see an updated leaderboard!

[munk]

P.S If you haven't posted a score for a while, put one up in the Trading total thread so we can see an updated leaderboard!

My total is now at £100.79. I'm not sure what there is to trade on really, could do with some more cricket, quite enjoying that... not sure that starts before August now though...

[Procrastinator]

My total is now at £100.79. I'm not sure what there is to trade on really, could do with some more cricket, quite enjoying that... not sure that starts before August now though...

Don't think I haven't noticed this is 1 pound ahead of me!!!

[munk]

Don't think I haven't noticed this is 1 pound ahead of me!!!

Really?! I honestly didn't know... it would have been a bit more but I lost a few quid yesterday on the horsies

[Grandthrax]

Hmm, for the second time (happened a couple of days ago as well) bettrader has placed random bets and not placed bets when i want it to. The only way i've been able to sort it out is by pressing the hedge button and taking a loss. Anyone else had this problem/know a solution?