How To Make Money Trading - The Key To Success is To Get Rich Slowly

[@saveBRITAIN-e3n]

I enjoy all our videos Peter, articulate, knowledgeable and calmly confident; usually with a pinch of humour. Can and have listened to you for hours. Many thanks.

[@betangeltv]

Awesome, thank you!

[@csb7376]

Just as a horse's graph will have peaks and troughs, so will your profit/loss graph. As long as it's generally moving upwards, that's all that matters.

[@betangeltv]

Indeed!

[@simontaylor1761]

Possibly my favourite BA video. An excellent piece of mentoring on the realities of trading, in particular being dispassionate about cutting losses, and making small percentage profits per market and the joys of compounding. If I mess up then, instead of kicking myself, I watch it all over again.

[@betangeltv]

Many thanks

[@RS-lu5ql]

Great content as always and love the lots of green in the background.

[@betangeltv]

Glad you enjoy it!

[@nirmalale2751]

background in this video is so amazing and refreshing.

[@betangeltv]

I'm glad you like it

[@Mark_Robinson_]

Anything is possible if you have the commitment, desire and most importantly discipline when trading. You just have to believe in yourself.

[@betangeltv]

It sure is!

[@peterreid9769]

Peter, on average, slightly more than doubled his money per 250 markets here. Very impressive.

[@MikeLee-27]

I am just learning how to trade and I love trading! i think it's awesome, not boring at all :)

[@betangeltv]

Making money is never boring!

[@prabeshlimbu9864]

Absolutely class Peter, Such a good video for someone like me, I hope you never stop making videos, Thankyou so much !!

[@betangeltv]

Many thanks!

[@nestor25]

@@betangeltv Please can you do a video on sports spread betting? The differences between it and the exchange and whether it is possible to profit? I think you may have some knowledge of this because of your financial background. I think it would make for an interesting video. Thanks.

[@betangeltv]

Generally speaking its the spread that kills you on sports spread betting. On an exchange you can make a spread for others to take. There is a big difference.

[@prabeshlimbu9864]

How do you pay yourself as a full time trader, do you withdraw whatever you've made at the end of the week and keep a set amount in your account?

[@betangeltv]

I just withdraw money as I need it.

[@master4eva]

The most important video you ever put out ❤

[@betangeltv]

Thanks, I'm glad it was helpful.

[@alanhaine644]

Hey Peter. Great video, after a tricky week trading York I thought the break even grind of death had got the better of me. This has given my spirits a lift, thanks!

[@betangeltv]

Even I have moments where I get frustrated.

[@deanu20]

One of your best videos Peter 👍🏻

[@betangeltv]

Thanks, I almost didn't publish it. I wasn't sure if I actually got the message across. So I'm pleased it was appreciated.

[@Caprica1977]

Letting your winning trades run, easier said than done. Do you use trailing stops for this? Any other advice on this? I guess patience and a zen like feel would help :)

[@betangeltv]

I don't use arbitrary stops for this. I tend to have a list of things I'm looking for and if they start to fail I'll exit. If you search for bet angel stop losses, I did a video on it.

[@MrKarlpotter]

I really like this video, clear reminders of the overriding objectives! I'd be interested to know what bank percentage your stakes were and/or what percentage was staked at any one time?

[@grahambeyer6254]

+1

[@betangeltv]

Thanks for your comment. I had to start really small and slowly work my way up. But your stake is always limited by liquidity. If you are wondering what stake to use, use the 'tick size' feature and work your way up from there.

[@MrKarlpotter]

@@betangeltv that's helpful, thank you.

[@steveg1882]

Hi Peter. Would you consider making a vid to explain how the "sp all" works & when to use it ? I have had a couple of "inplay" disasters, which I obv need to avoid. Thanks in advance :)

[@betangeltv]

I've done one already - kzbin.info/www/bejne/oYbHaJWZn9KWhs0

[@garyward2680]

Thank you for another great video Peter. Could you post a link to the trading expectancy video please?

[@betangeltv]

Here you go - kzbin.info/www/bejne/oZWtfqmnhL9-btE

[@master4eva]

What prices were you trading when your bank was 300? Also did you split up the 300 when you put a trade on? Or use the full 300 to turn the market?

[@betangeltv]

I would recommend splitting your bank. But for this example I would have used every bit of it. But for most I would consider that risky or a situation where you would probably put too much pressure on yourself.

[@pgeezy2396]

I feel like all your videos recently are down to my betdaq trading over the last few months 😂 do you get commission if bet angle is being used ?

[@Mjbarnes78]

Another great video, refreshing as always.! Love the Pond, many fish?

[@betangeltv]

Y, loads of fish. Probably too many now as they keep multiply each year due to the care I give them!

[@amandaholey9844]

Great video. I've been limited to £100 net deposits per month after losing alot at bf going after extra places at the bookies & have nothing in my account. So, I'm going to start with £100 & really try grow it alongside what I'm currently doing. Wish me luck

[@betangeltv]

Good luck, play around at small stakes while you learn.

[@grahambeyer6254]

If you have a small £300 bank should you treat it as if you have a big bank and reduce your stakes when a market comes along that you think your strategy won't work or just use your max bank for every trade to get as many trades through as possible to leverage your bank as much as possible?

[@betangeltv]

You should treat it the same, raising and lower stakes. But I probably wouldn't, as I'm trying to max the growth of the bank. But as a general rule, you should.

[@wayneburton4172]

Do you cash out before the horse has run ??

[@betangeltv]

Yes, I hedge all positions so I win whatever the result before the race has started.

[@wayneburton4172]

Thank you good luck at Cheltenham 🤞🤞🤞

[@davegravy1842]

Nice one again peter brilliant stuff 👍 would be nice if you did that bank and put this in automation mode then run it for a month ? 🤔

[@betangeltv]

Perfectly possible to automate it.

[@hobby_shergill]

Hey Petter it is possible someone take money from your Betfair acount its happened with my tell me it's possible

[@betangeltv]

Nothing is impossible. But if you have adequate security like TFA is should almost be impossible.

[@milosdrca4484]

Piter do you ever try to trade basketball? What is your opinion about that?

[@betangeltv]

I've looked at this market a lot when I'm in the US, but never really traded it seriously.

[@milosdrca4484]

@@betangeltv Thanks Peter. Please can I ask you one more question... When you trade soccer or tennis are you always trade exact play. For example you go in trade and play winer on tennis match and trade your positin with other sort of play for example over/under game. Or if you play over you always trade out with under or go in trade with player 1 to win and trade out win on player 2 ? Hope you understand my question.. Tnx from Serbia.

[@elastronaute1198]

@@milosdrca4484 you have to trade within one market that is how you green up the book. You don't trade one market against another, that would just be confusing.

[@francoisbouche1523]

hello, is it possible with orbitxch ? Thanks

[@betangeltv]

Unfortunately not

[@davetennant8844]

Thanks for all of your excellent videos Peter. Quick question if I may, you set out with £300 & obviously staked accordingly (I presume). Did you then increase your stakes as your bank grew, or keep those same stakes that you started with, all the way through the month?

[@betangeltv]

Generally speaking, the more money you have more opportunities open up so you would increase your stake size, gradually, as you progress. To be completely correct, you may not actually increase your stake size, but you may put through more than one trade at time. That's the most effective way to trade a small bank to a larger one. You cap the risk but increase the reward.

[@davetennant8844]

@@betangeltv thank you very much.

[@dansmith7013]

Lovely pool

[@betangeltv]

Thanks, the garden takes a lot of work but is a nice counter to sitting on my bum trading!

[@glennharrison705]

Peter your a legend

[@grahambeyer6254]

Surely if you need to avoid markets to increase profitability you are effectively avoiding taking risks.

[@betangeltv]

You will be minimising likely losses.

[@grahambeyer6254]

Can you do a video on Key Points in the market please?

[@betangeltv]

I'm not sure what you mean there. Most of the trading videos focus on key moments or set ups in the market?

[@thescallytrader]

Good video. It would have been nice to see how you traded these markets and been able to watch the ladders.

[@betangeltv]

That covers about 500 markets so would have been impossible.

[@thescallytrader]

@@betangeltv Lol....I didnt want to see all of them.

[@betangeltv]

I've done a tons of videos that cover what I did on these trades. That spike in the middle was a carbon copy of a video I did recently. Curiously, it was the least watched and like video I've done recently.

[@Scotty6682]

​@@betangeltvlink to video to give it more views? ;)

[@JonJon-rj6xo]

Although it will never be revealed, it would be fascinating to know how much you have made over 20 years

[@elastronaute1198]

He's probably made between 10-20 million. I think he is making more from other investments now than from trading. Either way he's very comfortable, but he's put more effort into his trading than anyone else has. I just want to make a comfortable living I'm not trying to replicate this kind of thing.

[@betangeltv]

That's exactly the right attitude. That's why I don't want to encourage people based on what I've done. Everybodies journey is unique and I got lucky by being one of the first, you can't replicate that now. So it's better to do it on your own terms.

[@betangeltv]

"I think he is making more from other investments now than from trading." I was going to do a video specifically about this as the lack of growth of exhanges means I'll inevitably have to spend a bit more time on the investing side of things.

[@elastronaute1198]

@@betangeltv You should get into crypto investing if you're not already. Despite the cynicism from traditional investors like Buffet, it does seem it's here to stay and has legitimate utility. Bitcoin has broken 50k again today and now all the regulatory storm seems to have blown over I see it as highly likely it will hit 100k+ by the end of the year.

[@bigfoottrades5084]

Great vid Peter, was wondering what sort of stake you were using for the £300 bank, and would the same results reflect the same during the winter months or would they drop off if less markets were available? what sort of bank growth from a £300 bank would you expect in the first month during the winter period?

[@betangeltv]

I started with £20 stakes or more depending on the market. In the winter I'd expect to do roughly half the number I can in the summer, just due to the lack of races.

[@rarecockneyguvnor4945]

Most of the time ive Traded Horse Racing,ive ended up Losing.

[@betangeltv]

Probably because it's 'pure' trading.

[@binlondon9685]

Same as me always losing.

[@Jtking3000]

How do you open multiple accounts?

[@betangeltv]

If you are account managed you can run more than one account. But you have to pay a lot of comission to reach that level. Either than or get a relative to sign up!

[@georgebuller1914]

Sad to say, but I think that some of that £1000 that you made, you made from me! LOL With regard to your 70% strike-rate; blimey, if you - with all your experience - can achieve 'just' 70% then its no wonder us mere mortals are struggling! ;-) The above said, I'm a stubborn (stupid?) old boy and having watched this great video will approach my future trading in a different way. :-) All the best Peter and thanks for the great videos. :-)

[@betangeltv]

Thanks. The way to look at that 70% is that I'm trading 20% above what would be considered random. All you need is anything above 50% to be profitable in the long run.

[@georgebuller1914]

@@betangeltv I accept what you are saying - though Betfair's 5% means that I would need to 'do' a bit more than anything above 50% So shouldn't that be 'above 55%?' :-)

[@JAFKARNAT]

Apprenticeship have to be done.

[@betangeltv]

Indeed

[@albrooks2702]

Bitcoin trading is exciting and lucrative

[@fairsquare5316]

I feel like every time you make the same video, and say the same thing over and over again, the only thing that is different is the background! Of course that’s probably because there is nothing new to say about trading!

[@betangeltv]

I've managed to say a lot over the years, so there will always be some element of repitition. But people seem to miss the most obvious elements of trading sometimes in preference to a bit of a click bait! Such is life!

[@fairsquare5316]

@@betangeltv I think I learnt 99% about how to trade properly in theory that’s why I’m expecting something new every time

[@adrianmanoli1888]

Yeah,in general he said a lot of vague things..🙄🙄 I have not seen a strategy or something like that who can be applied...

[@fairsquare5316]

@@adrianmanoli1888 Peter speaks a little bit like Jesus did in the bible “in proverbs”. You need to think much deeper about what he’s saying to understand the meaning of things! I’ve learnt a lot from him from his older videos 2-3 years ago!

[@betangeltv]

@Adrian Manoli The ironic thing is I edited out a section on this video that referred to a few things, as I felt it would be better in a seperate video. But that spike you see in the middle came from a trade I did that I explained in depth fairly recently. It's all laid out in wonderful detail, but it's acutaly the least liked and viewed video I've done in the last six weeks. It sort of goes back to that comment I made about people thing there is some secret somewhere. There isn't. Boring and sensible is good. But few people seem to want that.