I kept a daily 150€ bank and withdrawn profit every single day i traded to maintain the discipline and to keep me away from going to live, i do consider this an important part of success for me, keeping just the amount i need and use for trading in betfair and withdraw profits on a regular basis, although this doesn't allow my trading bank to grow at the moment, but on the positive side it does makes me feel much safer and pleased to see profits getting withdrawn regularly, at this moment i do have 150€ in betfair and keep another 150€ in paypal in case i need it by some reason.
I do intend to raise my bank at some point and i do want to learn to trade the favorites, the few experiences i've made went surprisingly well, still i didn't felt too comfortable with it so i will need a lot more practice with small stakes and if i do feel i can do well i will then start to slowly increase my bank and stakes, but this won't happen too soon as i think i will continue trading the underdogs for at least 2/3 more months.
Considering 30 days ago i started a challenge with 10€, i have to say i'm happy of how things worked out, i did made a lot of mistakes along the way for sure, from letting a stake to close in live, to not noticing a race was about to start and get caught in play with more than 2 stakes, to trading a few races when my internet connection was showing signs of going out at any second, although these and a lot more stupid errors i made weren't exactly new to me, i still made them... On the positive side i didn't chase reds after these mistakes which is to me another very important part for success.
