111: What's Holding You Back? Betfair Trading Advice
02/03/21 • 46 min
One of the great privileges I have as someone who looks after a community of Betfair traders is that I get to see sports trading from all angles.
People of all ages (above 18!), shapes and sizes. From trading careers that are just starting out to professional traders that have mastered the Betfair exchange.
Why do I mention this?
The truth is that every trader is unique, no two journeys are identical.
Why does this matter?
I think it matters because traders (and people in life in general) do not look inwardly enough.
Why is this?
There is a lot of information about Betfair trading out there but from what I have seen very few people have ever focussed on what matters most - YOU!
The reality is I can show you all the trades in the world and explain them in detail but has that helped you correct any of your issues or train you as a trader, maybe but your personal journey is that, yours.
So your learning needs to incorporate you.
This is a big part of the reason we offer the one-to-one coaching threads on our forum and why we focus so much on working with traders individually to improve their discipline and mentality.
The problem is simply that if you are being held back in your trading, you need to be able to analyse that and understand what is happening.
Let's give some examples of what can hold a trader back and then some advice on how to correct this:
1. Lack of confidence - You may not have the confidence in yourself or truly believe you can make the right steps to become a profitable Betfair trader.
2. Lack of time - You may be rushing or forcing your trading into a narrow time window, making trades you would not normally do.
3. Lack of patience - You may be frustrated at not becoming a pro trader overnight, it takes time and work but you do not want to wait.
4. Family/Social life - You may have young children, a busy social life or a job that takes up all of your potential free time.
5. Focussing on others trading ability - You may be jealous of how others or doing or put yourself down because you are not as good a trader.
Listen to my breakdown of all of this right here!
Twitter: @BetfairTC
Website: https://betfairtradingcommunity.com/en/
Facebook: https://www.facebook.com/betfairtradingcommunity
One of the great privileges I have as someone who looks after a community of Betfair traders is that I get to see sports trading from all angles.
People of all ages (above 18!), shapes and sizes. From trading careers that are just starting out to professional traders that have mastered the Betfair exchange.
Why do I mention this?
The truth is that every trader is unique, no two journeys are identical.
Why does this matter?
I think it matters because traders (and people in life in general) do not look inwardly enough.
Why is this?
There is a lot of information about Betfair trading out there but from what I have seen very few people have ever focussed on what matters most - YOU!
The reality is I can show you all the trades in the world and explain them in detail but has that helped you correct any of your issues or train you as a trader, maybe but your personal journey is that, yours.
So your learning needs to incorporate you.
This is a big part of the reason we offer the one-to-one coaching threads on our forum and why we focus so much on working with traders individually to improve their discipline and mentality.
The problem is simply that if you are being held back in your trading, you need to be able to analyse that and understand what is happening.
Let's give some examples of what can hold a trader back and then some advice on how to correct this:
1. Lack of confidence - You may not have the confidence in yourself or truly believe you can make the right steps to become a profitable Betfair trader.
2. Lack of time - You may be rushing or forcing your trading into a narrow time window, making trades you would not normally do.
3. Lack of patience - You may be frustrated at not becoming a pro trader overnight, it takes time and work but you do not want to wait.
4. Family/Social life - You may have young children, a busy social life or a job that takes up all of your potential free time.
5. Focussing on others trading ability - You may be jealous of how others or doing or put yourself down because you are not as good a trader.
Listen to my breakdown of all of this right here!
Twitter: @BetfairTC
Website: https://betfairtradingcommunity.com/en/
Facebook: https://www.facebook.com/betfairtradingcommunity
Previous Episode
110: Inplay Trading Advice: How Should I React To My 'Gut Feeling'?
Following from last week's podcast about Betfair exchange trading using a 'gut feeling'. I was asked a great question on our Betfair Trading Community Youtube channel.
The question from Scott was:
'Interesting video, would be interested to hear about how you deal with gut feeling when you're in a trade?'
So today I will answer this!
Twitter: @BetfairTC
Website: https://betfairtradingcommunity.com/en/
Facebook: https://www.facebook.com/betfairtradingcommunity
Next Episode
112: What services we offer at Betfair Trading Community?
This podcast episode Ryan goes through all the services that we offer at Betfair Trading Community - we get asked this a lot, which is the reason for this episode.
I never want just anybody to sign up. I want them to make sure it's the right decision for both them and us.
In this episode I'll cover the 3 main products we have at BTC
Including:
What it is?
Who it's for?
Who it's not for?
The results you can likely get?
Twitter: @BetfairTC
Website: https://betfairtradingcommunity.com/en/
Facebook: https://www.facebook.com/betfairtradingcommunity
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