Don’t Drink And Trade!
December 21, 2010 by arcmdn
Filed under Successful Tennis Trading
Do you know what’s the easiest way of losing all your trading money and NOT make a single profitable trade?
It’s simple – have a few pints before you trade and invite your mates to see how you trade!
Did you know pro traders don’t look at money as the instant result to their trading activities? Traders concentrate on making correct decisions safe in the knowledge that each decision makes profit. Alcohol seriously impairs decision making – and bad decision making will cost money!
Other essential elements of a well managed Betfair tennis trading process are:
* Technical preparation
* Self-discipline
You really need to separate trading from leisure. Although Betfair trading CAN be time well spent, it still requires strong nerves and concentration – things which are easy to lose if you’re distracted by something else.
By no means do I mean to scare you with the seriousness of Betfair tennis trading. It IS nice looking at your Betfair account after the trading session and see it grow. And it’s an amazing feeling when you’re withdrawing a few hundred from it!
Nonetheless, read or watch what I think about decent preparation before you start trading and risking your money.
Remember, alcohol impairs judgement and decision making – don’t drink and trade!
Best of Luck,
Paddy
