Well 17.5 if you want to split hairs, but the bank now stands at £318.55. 

There was a little bit of confusion I think on the last newsletter post when I said I was £600 in the hole, some people thought my losses were £600. 

Let me clear this up, my losses are not £600. So far for this build in public project I have: 

• Put £300 into betfair. 

• Spent that to buy the advanced API access for my bot to work. 

• Then put another £300 into betfair for the trading bank. 

• Totalling £600 of my money into this. 

I’ve spent £600 total to get this project up and running, but half of that is the actual trading bank which is now above its starting position. 

Once it hits £600 I am at breakeven for what I have spent, but I see this as a long term investment. I won’t be taking out any money for a while, unless something crazy happens! 

How did I make the profit this month? 

Well the first thing to notice is there is £1.32 in profit from Football, this came in the form of a free bet that Betfair added to my account - very kind of them! 

I used this to back Liverpool v Brentford and left it, claiming a nice £1.32 in profit and meaning out of the 3 free bets I have had I have won them all. Hey you broke your rule of not trading on Liverpool - yeh well this was a bet and I ain’t technically trading anymore ;) 

Then the horse's profit came from just 2 strategies that I am running, one is lay the 3rd fave the other is a forecast lays one that Adam told me about and we spoke about what it looks like and then added it to my bot. 

It's really interesting looking at the data now, because when this was turned on the first lay actually lost (-£4.60) which then took a total of 4 winners to get back into the break even, how many people manually trading would have carried on at this point? How many would have tried to jump onto something else to get this loss back? 

It was the same on the 14th of Feb after a string of 7 winning trades on the bounce I hit back to back losses resulting in a loss of £9.90 leaving me -£3.55 down :O I think went on to hit another 2 losses the same day putting me -£12.85 as a running total for the month. I believe in the process and I don’t check the results till the next day. 

So I had no idea about that! 

Which is a good thing because if I had checked I might have been tempted to say TURN THE BOT OFF!!! It’s going to lose everything, if I had of done that I would have missed 12 WINNERS IN A ROW! Yes, 12 on the same day, saving the bank and taking the running total to 0.45… 

Again there’s something there isn’t there? So many people stop their trading and rightly so because they are not doing well, they are feeling overwhelmed. When using a bot there isn’t any of that, there is zero emotional trading… until you see the result. 

Some overview stats then! 

• I went on a run of 18 winners which was the longest winning run last month. 

• The most losing trades were 3 in a row 

• The worst day was the 29th where I had 6 losers. 

Damn you leap year!! 

I am really glad that this hasn’t crashed and burned in my face and I have had a good first month that I can now build upon hopefully, the main thing I hope you get from this though is that automation is going places and it makes the decision we want to make (i.e. carry on and trust the process) when we cannot because of our emotional state. 

How did you like this email? 

A - Terrible! 

B - So / so 

C - Its inspiring me to try automation 

Reply with the letter ;) 

Ryan