5 Minute With A Trader – Sports Trading Mum
If you are a regular on Twitter and have dipped your toes into the world of trading then there is no doubt you will have come across Sports Trading Mum. She is undoubtedly one of
If you are a regular on Twitter and have dipped your toes into the world of trading then there is no doubt you will have come across Sports Trading Mum. She is undoubtedly one of the most genuine people around with a heart of gold. What’s more she is getting to know her stuff within the markets. So I was thrilled when she agreed to do this interview.
Please give a brief introduction to yourself
My name’s Debbie and I’m a working mum with a five year old daughter and a busy business life running my own consultancy.
What was your first introduction to trading, be it financial or sports orientated?
I was introduced to sports trading after a friend introduced me to match betting and I realised that for me personally, what sports trading seemed to be able to offer would be fit in for me better both time wise and financially. As I’d got to know how the markets and exchanges worked it seemed a very logical step forward.
How long have you been trading and how long did it take from first hearing what trading was to giving it a go yourself?
I’ve been trading now since March 2016 however looking back I really began to focus on it properly in the August and it wasn’t until January 2017 that I truly understood all the elements that are need to be a successful trader – particularly psychology and discipline.
When you first tried trading, was it something you instantly knew you would be interested in, or did that feeling grow on you over time?
I knew straight away that I wanted to pursue sports trading and that determination needed to get better every day hasn’t left me yet. It’s certainly been a journey of highs and lows so far but at the end of the day, it’s a skill and skills needs to be developed, bettered and mastered.
What are your preferred trading sports and why?
At the moment I trade predominantly horses as the race meetings fit around my professional and family life. Plus I decided that I’d put all my effort in to mastering one sport at a time.
Have those always been your preferred choice or have you dabbled with various markets and found these best suit your personality traits?
I’ve dabbled with lots of different sports and I enjoy trading tennis too but I feel comfortable trading horse markets. As to whether they suit my personally traits, then that’s been hard as I’m a natural risk taker but if you do that when trading you’re just being a punter so that’s why I’ve had to focus so much on introducing discipline and structure in to my trading.
How have you found your progression within the markets between when you first started out to where you are at now? Has it been a struggle throughout or are there certain aspects which you found relatively easy / difficult?
Learning to trade hasn’t been easy as I’ve had to heighten my self awareness so as to identify what I’ve been doing wrong and doing right. Certain things do come naturally but it’s the things that don’t that you really do have to spend time working on and perfecting. You need to ask yourself and lot of questions when trading and reviewing trading sessions and unless you’re 100% honest with yourself, you’re not going to be achieve true success.
What one area do you feel you need to improve on that you feel will take your trading to the next level and how will you look to achieve that?
Discipline is an ongoing challenge as I’m not risk adverse but I’ll keep reading, analysing and embedding the necessary actions whenever I can.
Every trader has different ways of ensuring that their bank is protected and grown, whether it be yoga, staying hydrated to even a beer to help them relax. Do you have any rituals in order to ensure you maximise your productivity in the markets?
I can’t say that I do which has made me think whether I should introduce anything? Definitely food for thought!
Finally, time to pass on the inspiration. What websites, mentors, books, people have helped you along in your trading journey that you would recommend other newbies should go and check out?
The Disciplined Trader by Mark Douglas is a fantastic read and just clicked with me. Depending on what you want to learn and achieve there are some key figures out there that have definite styles of trading and can offer great info – Steve Howe for Pre race Swing Trading, Caan Berry for Scalping, Tony Hargraves for Inplay Trading. I also enjoy reading the treats from @yvanbyeajee and @SJosephBurns