Trading behaviours| Trading Types

Describe yourself from a choice of only these two words. Are you Proactive or Reactive ?. Yes, you're a Reactive aren't you? I'll offer you 8/1 that you are a Reactive individual, and in the long run I'll win on that bet because nine out of ten people (me included) fall into that category. But with just a little determination all of us can mask our reactive tendencies and adapt a more proactive approach. And you need to do so, because in the world of exchange trading the proactive individual reigns supreme. To be a successful trader you have to put your reactive characteristics in the wardrobe while in front of the trading screen. If you do not, you have no hope of beating the margin in the long run.

A video created by Betfair.com correspondent Wayne Bailey succinctly demonstrates Proactive sportstrading in practice. Notice how the offered prices are NOT taken; rather instead, "bids" are put in below the prevailing Lay price or above the Back price. In the pursuit of enhancing longterm profits ALL trades should be conducted in this way if possible (Wayne Bailey has generously consented to his video being reproduced. Wayne's archived articles on horseracing and trading can be found here ).

Proactive or Reactive