Hi and welcome.
You join me after my first 30 days of continuously trading horse racing pre race on Betfair.
I have been interested in sports betting for the last 3 years and have been picking up bits and pieces along the way. I have never been any good at gambling and following tipsters and I really do not have the time for all the form study and statistics however the thought of ultra short term scalping really appeals to me as it is fast efficient and you can turn a very small betting bank over numerous times so a large initial capital is not required.
On 9th August 2015 I loaded £200 into my betfair account and decided to focus on applying all the trading tips I have learnt over the last couple of years.
As I am due to leave my current job in 5 years time my goal is to replace my income via trading so as I have the choice as to how I make money in the future and not have to keep to other people's schedule.
My results for the first month are in and I have increased my initial starting bank to over £600 by scalping horses in the 10 minutes pre race.
I have had only 2 losing days which were caused by my inability to take the loss quick enough and made the fatal mistake of leaving the trade to go in play.
My aim for this blog is to update after. Each day's trading as a journal for myself and also I hope it may be useful to any other readers who are the same point in their trading career.
Any comments would gratefully received.
Regards
Paul Hickman