Handling the ups and downs

I love the videos that Adam Todd, from Racing Traders, puts together! That said, I only just watched the October vid called, "Betfair Trading Using Advanced Coin Flipping and Guesswork Techniques". Essentially, Adam goes through a number of races and randomly guesses which way the price is going. He then either scratches out or takes a small loss if the price is heading in the wrong direction, but lets winning trades run, taking, for example, a 10 tick profit. The essential point of the video was that it is not so important how you determine the direction you think the market is going to move, but the important bit is limiting any losses and riding any profits. This is pretty much the same point given by financial trading gurus like George Soros. Its good to see this demonstrated and commentated on in Adam's usual amusing style.

How to trade on Betfair vid

I've mentioned it before, but after Adam from racing traders posted a comment on the blog yesterday, I thought I'd check it out again!
It basically shows a 5 hour trading session by Adam Todd, condensed down into 38 minutes. There are 8 chapters which show the best and worst trades he made that day, accompanied by his commentary which cracked me up several times. Have a look.