Sports Trading Update – May
It’s been a while since I posted an update about my own trading progress. Recently it feels like the penny has dropped with trading/betting and I can’t wait to see what the future brings.
To rephrase that slightly…
You will need to have hundreds, if not thousand of pennies “drop” before you start to make good money trading and betting on sports. I really began trading last July/August and I’ve had pennies drop every week or so.
It’s a slow process but if you stick with it, the rewards can be huge.
I can safely say, I am now a profitable trader. Although, I’m still not earning “a killing” through trading alone.
The biggest hurdle for me: over trading
I thought I had conquered over trading a long time ago but as with any weakness, they tend to reappear in disguise from time to time.
More recently I have stopped trading horses on Mondays/Tuesdays and Sundays unless there is a big event on. If there isn’t much money in the market on a Wednesday, I’ll miss that too.
I was forever betting without an edge. Like most new traders, I wanted to trade on everything.
Last week I went to Manchester Traders Club meetup to see what the world of financial trading was like. It was great to get out and meet other traders as it can be a lonely job sat in your spare room!
More importantly, my study of financial trading has really helped my sports trading. Realistically, I’ve spent 6+ months getting to the profitable stage of sports trading and I can expect the same, if not more in finance.
I’ve had lots of help from the community to get where I am now and I really want to give something back. Expect lots of guides/tips in the near future!
I have a baby on the way in October so that will definitely make an impact to my usual workflow. Even more pressure to keep on good form and stick to the trading plan!
Have you read my free ebook yet? Grab your copy now!