Adam's Comments on 2004 Trading Results
2004 got off to a pretty good start, I didn't have a losing day until June. It was this year that I had the idea of starting a website and that was when RacingTraders was born. The original idea was to make screen recordings of me trading on the horses and to sell those videos but it didn't really take off the way I thought it would. Then I got the idea of doing a trading course where I would teach people how to trade on the horses and that got a lot more interest. The gambling magazine Inside Edge printed an article I wrote about the new phenomenon of betting exchange trading and that's what got the trading courses sold out.
The first course was held in July in London in the 5 star Waldorf Hilton which was nice. The course went well, I'd limited the class size to 20 and a bunch of us went out afterwards and got hopelessly drunk. The second course was a week later in Manchester at another 5 star hotel and that went down well also. With places selling out at GBP295 a seat I reckon I could have carried on making money from doing courses but it wasn't really my thing, I prefered sitting at a computer on my own making money instead of being in front of a group of people.
After that I kind of neglected the website as the videos hadn't been a great success and I didn't want to carry on doing courses so I went back to trading. I knew that I wanted to find another way of making money so that I wouldn't be dependent on trading everyday but I wasn't sure how yet. Then when Betfair released their API allowing developers to build their own software to interface to the exchange I got the idea of making a totally different style of interface that would allow me to place bets with only one click. Just before I did the trading courses I had tendonitis and was in agony from clicking the refresh button on the Betfair website literally millions of times, and the whole bet submission process was just to slow and cumbersome and prone to error. I didn't like the way I had to do so many clicks and move the mouse all over the screen to place a bet, so I decided to build my own trading interface.
Deciding to build your own software application, and actually building your own software application, are 2 quite different things. I soon realised that I didn't know jack about anything and I wasted all of the rest of 2004 with 2 different people that said they could help me with it but who turned out to be full of shit. I knew the layout of the interface that I wanted, it was the ladder trading interface that I wanted to build but I was just some bum that bet on horses for a living who could barely work his email properly. Apart from Betfair and Yahoo the world of computers was a mystery to me and I didn't know where to start. By the end of the year I had managed to get the ladder interface drawn up on Photoshop and had a meeting with a software developer who after hearing what I wanted said he could do it.
Trading Results
Adam made over £100,000 profit on Betfair from a starting bank of £200.
Check out his complete trading results below:
Daily Trading Results 2003
Daily Trading Results 2004
Daily Trading Results 2005
Overview