New blog post by Martin Futter! 3 Reasons Betfair Trading Strategies Matter!
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Today I am going to explain to you why strategies are so important to Pro Betfair traders.
The simple fact is that virtually all pro sports traders use strategies and systems that they have developed to make a profit when trading on Betfair.
Yet a lot of newer traders don't really understand this and often wonder why without this proper preparation they fail.
You yourself may be wondering, why do we all spend so much time developing sports trading systems and strategies?
Why don't we all just watch a sports event and trade what we see in front of us?
Who needs any planning or structure?
Wouldn't it be easier just to trade as and when?
A successful trader who uses this 'laissez-faire' attitude to their trading is the exception to the rule.
This alone should be proof enough that spending a significant amount of your trading time on developing strategies and systems is a worthwhile investment.
So let's get into the meat of why this matters so much!
Developing a strategy actually teaches you to trade:
Do you want to learn to be a better trader?
One of the best places to start is to develop strategies, whether the strategy is a good one or not, you will have the benefit of learning the nuances and intricacies of Betfair trading as you go.
Think about the times you have learnt about things in life, often you learn from trying something out yourself and making mistakes.
Every Betfair strategy out there was developed by someone, just like you or me, you don't have to be a special scientist or maths genius, any everyday person can do it.
Look at the most famous pro Betfair traders, we all come from completely different backgrounds, different classes, different careers and different places!
2. Most Pro Traders use their own trading strategies:
If trading strategies don't matter, why do virtually all pro traders use them?
The truth is developing your own successful Betfair trading strategy is one of the key things you can do to ensure you make a profit from sports trading.
At betfairtradingcommunity.com our football trading, tennis trading and horse racing trading software has been developed with this thought process in mind.
If we can help you create your own trading strategy then you can learn to make money trading on Betfair without needing us to help you all the time!
How freeing it is for people when they create a great strategy and log into betfairtradingcommunity.com to find the selections from their strategy just waiting for them each day.
As a newer trader it is great to follow other people's strategies, that's why we created a forum for everyone to share with each other.
However, eventually you will probably want to carve out your own edge and corner of the trading markets.
I cannot understate how valuable this is!
3. Creating strategies helps create discipline and a great daily trading routine:
Without trading strategies many Betfair traders lack trading structure.
With a lack of planning and structure many sports traders find they lack discipline.
The great thing about having a strategy is that it gives a natural structure to your trading day.
I know for example that the moment I start work I -
Check my football trading selections for the day
Then I research them a little further
I schedule my time, set out which hours I will be working
I write out a brief plan of my potential trades for the day
Then I trade the selection when the event in in-play
At the end of the day I write a brief note of how the day went and anything I could have improved on
This is an example of six simple steps that make sure I have a routine.
As a species us humans are creatures of habit.
It is so important to make sure that we have this kind of a work pattern so that our minds and bodies are ready to trade.
The most beautiful thing about creating strategies is that it enables us to gain knowledge, learning and work patterns that mean we are working in a good environment.
That leads to the right atmosphere for sports trading that means we treat it like a career, rather than a hobby.
Remember what I always say 'Treat Betfair Trading like a career and it will start to pay you like one!'
Once you really start putting the work in you will be amazed how much your trading improves.
If you need any help just talk to us, we are always here for you!
Email me at: [email protected]
