First a quick reminder of what the ‘Blog Post Award’ is all about:
The idea is simple: Every time I find a blog post (new or old) that I think will add value for my readers, I will bookmark it and put it on my list to win the: Blog Post Award.
I will then write a post similar to this one explaining why I have decided on that particular post.
I will also link to the post from my blog post Award icon situated near the top of my side bar
For a full list of previous winners visit my ‘Blog Post Award ’ Page.
Now on to the main event; The winner of my ‘Blog post Award’ :
From the New Sports Exchange Trader blog.
I am a regular reader of the New Sports Exchange Trader blog and I normally drop by most days to see how Steve the blogs author is getting on in his quest to become a full time professional sports trader. As soon as I read this post (and the excellent comment from the Betfair Guru) I knew that I was going to make it my blog post of the week.
There are two reasons, the first reason is because Steve in his normal truthful and candid way expressed what I believe most new sports speculators struggle with, namely putting theory into practice. In the past I for one particularly suffered from this affliction.
What do I mean when I say not putting the theory into practice? Well I believe that when the majority of us discover the exchanges and realise what opportunities they represent, we learn as much of the theory as possible, getting good advice from forums, blogs etc.
It’s not that long before we have a good grasp of the theory about how to become profitable, we may even have a sensible plan of action, but as Steve quite rightly says; when we sit down at our pc’s and enter the exchange arena, all of our accumulated knowledge is jettisoned in the pursuit of instant profits! You can guess what the outcome of this approach is...
That leads me nicely on to my second reason for choosing Steve’s post. The second reason is because of the quality of comment posted by the Betfair Guru.
In the comment he explains the need for patience in our approach if we have any real aspirations to become successful.
To quote the Betfair Guru:
“Just take the necessary time to learn the markets. Consistency comes through practise and more practise and you will find that you get "luckier" as time goes by!
I think all new traders go through this spell so you're definitely not alone but most don't stick at it!
The few who do are more often than not rewarded in the future for their patience in the beginning!”
To me that advice is solid gold and if we as relative novice sports speculators take heed of what we have been told, and then follow through by taking the necessary course of action, I believe that we will become successful.
On the other hand, if we do not fully absorb and act upon the advice given, then I would be willing to make quite a substantial wager that this time next year we will still be in the position that we are now.
I hope you enjoyed this post