Betfair trading strategies – Why dumping a trading position is an important skill
Peter Webb, Bet Angel – Using automation ‘signals’
Just as important as getting into a trade for the right reason, is being able to get out of that trade if something goes wrong.
Most traders, including Betfair traders. Will say something like, cut your losses and let your profits run.
But doing that is admitting that you were wrong is actually quite hard to do, but it is an essential part of trading.
In this video, I’m using the Betfair betting exchange to trade with betangel and show this in action. Knowing you are wrong is an important part of any Betfair trading strategy.