Road to profit series #1- Interview with a profitable Betfair trader

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Betfair Trading Community
Published at : 16 Oct 2020
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Want to know what profitable traders have in common?
So did I, so I asked them.....
Join the world's leading Betfair trading community: https://betfairtradingcommunity.com/en
I put together a small group of 4 people and I asked them the same questions


Why did you start trading?
How long do you spend researching trades?
How many trades do you do a day / week?
What you know know now you wish you knew when you started?
What’s been your biggest realisation on the road to being profitable?
What does your trading day look like?
One thing you couldn’t trade without?

For those that don't want to watch the video in full the answers to the questions are:


Why did you start trading?
I started trading to try and earn extra income. My daughter was diagnosed with Autism and I was hoping the extra income would help us pay for therapies she may have required. I always thought I could make money from ‘gambling’, but even after years of trying to make it a success, consistent profit remained elusive. I found out about trading through social and media and decided to learn more and try it out.



How long do you spend researching trades?
I used to spend an hour or so looking at potential trades. Now it only takes a few minutes.



How many trades on average do you do a day / week?
It’s hard to tell. I look for quality not quantity. On my busiest day I may have 5. It all depends on the market.



What do you know now you wish you knew when you started?
I wish I knew that I didn’t need to trade much to make it a success. In essence, ‘less is more’.



What's been your biggest realisation on the road to being profitable?
I guess I’ve found out that it hasn’t been as easy as I would have liked. There were many times I felt like giving trading up. How I trade works for me. It’s a little unorthodox, but then so am I. Trading is behavioural. We can all pick successful trades, but it’s doing it consistently that people struggle with. When I wanted to be a successful trader I knew that I had to change my behaviour, psychology and habits. You can find easily find an excuse on why you’ve had a losing day, but you need to do the reflection, introspection and self-correction.



What does your trading day look like?
My trading day starts with logging into BTC to see what others are doing. I then head over to the stats section, then looking at Betfair odds and then finally looking at matches that will be on TV or where I can watch a stream.



One thing you couldn't trade without?

Probably the trading community. Trading is a lonely practice at times. I like reading people’s stories, both the good and the bad. It can give you an insight or where you can go on the trading journey, but it can also give you a healthy reminder to keep your feet on the ground.


If you want to be part of a profitable trading community then check out www.betfairtradingcommunity.com
bet angelbetfairbetfair exchange

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