My One Year Review Of Back For Profit

Back For Profit Annual Review

I have been pretty quiet on this site since the summer so I have decided I need to write more.

And what a better topic to choose than my annual review of Back For Profit as I joined in November 2019.

You can read my initial review hereBack For Profit Review

So what has changed since my initial review?

Not much has changed to be honest. The telegram rooms have got busier obviously as more people have joined, which is nice as there is more interaction going on during racing. A few are full-time traders so alot of knowledge in there, which is especially good for the newbies.

I’ve seen a spike in people joining that have come from Hunting For Profit and The Badgers group. I was also a member of Hunting For Profit for a year and I couldn’t make it work and one year on with Back For Profit I am now full-time.

I’m not saying there is anything wrong with the other two trading groups, HFP just wasn’t for me. After all, we are all different.

My Success

I’m not going into too much detail with figures as I will be accused of showing off (cock waving as it’s better known in the trading world lol) but as you know from my previous blog post Trading Full-Time On The Road I now live in my motorhome and trade on the road and this is my sole income.

I’m not making thousands a day not even a week but I make enough for me to sustain living in the motorhome.

Here is a typical weekly profit screenshot taken today: πŸ‘‡

Back For Profit Annual Review

Some will say this is good, some will say it’s crap. To be honest for my needs it is enough and I don’t care what other people think. I know what I need to earn and when I hit my target I stop.

Work-Life Balance

The idea of moving into a motorhome was to have the freedom of the outdoors and not sit behind a computer all day. I do love what I do though so this is not work at all for me.

With these dark nights now and the days so short I go out in the morning with the dogs, spend the afternoon trading then everything is done by 4pm.

One of my previous jobs was a van driver for Waitrose a few years ago, delivering shopping to people. I was working full-time, travelling 30 miles a day to and from work and after tax and diesel I was bringing home about Β£1k so having this amount for working an afternoon doing something I love with no tax I am very happy.

I know people will be reading this thinking Β£360 for a week is not good and lots of people make that in a day or even in one trade but that doesn’t bother me one bit. Everybody’s needs are different. What other people make doesn’t interest me.

The Process

Now, this bit is far more important than how much money everybody is making. If you don’t learn the process you won’t make money.

As you will know from my previous Back For Profit Review this is mainly L2B trades and the occasional B2L when everything aligns.

What I found that turned me into a profitable trader was not the trading part but having the discipline to sit and wait for the right opportunity. When trades did go wrong, which they will it’s learning not to chase and blow your bank.

I’m certainly not preaching to anyone as I have made every mistake there is and I have blown thousands in learning to trade but what turned me around was Patience and Discipline more than the actual trading itself.

Learning Andrew’s way of trading made so much sense to me being an ex-jockey, that was the easy part. Now I have mastered my inner self all the jigsaw pieces have finally fitted together nicely.

It has been a long journey though and a tough one.

back for profit review

You can see Run Like A Drain’s journey here on his blog. How he has become profitable by joining Back For Profit after a few years losing money.

He details on a spreadsheet every month and every trade he makes. A great read if you are thinking about joining up.

Pre-Race Trading

As some of you know who have read my blog from the beginning I am a member of Steve Howe’s Group, It’s a mugs game. You can read my review here – It’s a mugs game review and although I am not very active in his group anymore I still do a little pre-race.

Recently I have had some help from Steve Williamson as well. So some of my P&L figures on my sheet are from pre-race they tend to be the smaller amounts and the bigger amounts from Back For Profit method.

What you get from Back For Profit

So firstly the cost of membership is Β£295 and for that you get access to all his trading video’s, his tutorial video’s plus much, much more.

But, most important you get Andrew’s time. He will go out of his way to help you. Spend time on phone calls, talk you through trades, even give you a good telling off if need be πŸ™‚

This is a screenshot of his live trades he has done that day, then uploads to the website and also puts them in the telegram room. πŸ‘‡

back for profit  trading video's

You will have 3 months access to the telegram rooms then after that it is Β£24.99 a month to stay in.

You can check out his website here – www.backforprofit.com

One thing that Andrew does do is give back to the sport. He donates money to Racing Welfare.

racing welfare

Back For Profit Annual Review Conclusion

If you don’t like trading in-play L2B’s or you like to trade every race then this is not for you.

If you are happy to make 3 or 4 decent in-play trades a day and are happy to sit and wait for the right opportunity then this might just be for you.

It has taken me 3 years to get where I am today and cost me thousands in learning fees but what I can say now is, it was definitely worth the blood, sweat and tears.

So no more of this πŸ‘‡

Know when to stop trading

Or this πŸ‘‡

Do personal problems affect your trading?

Some people will give up after year one, and believe me there had been a time that I thought I would never crack this trading game but luckily I stuck at it and in joining Back For Profit it was just what I needed to turn my trading around.

I hope this Back For Profit annual review will help you if you are in two minds whether to join or not.

I have had so many emails after my first review asking questions so if there is anything you would like to know feel free to drop me an email.

Back For Profit Annual Review


Related Posts

Trading on the road full-time

Q & A With A Full-Time Sports Trader

Sports Trading Psychology


12 Replies to “My One Year Review Of Back For Profit”

  1. Fantastic to see you are now earning the same amount trading as you were working full time!

    Regardless of the amounts involved that is what every “newbie” trader dreams of doing and you done it!

    I couldn’t be more pleased for you.

    1. Thank you very much Dave, as you know it’s been a long, hard journey finding the right fit and a lot of money wasted on the way but finally we are in the right place.
      All the best

  2. Paula, this is really great. You’re 10 months ahead of me and I’ve been on a similar journey. I like the way you haven’t focussed on what didn’t work for you but are consistently making profits now and earning a living. I am finally getting profitable after 2 months with Back for Profit by following a simple set of rules and trading a small window of time each day, in other words doing as I’m told. Keep up the good work and very well done.

    1. Hi Denise
      Thank you, I see you are doing really well, it’s just a matter of discipline and patience, we have the tools now with BFP. Wishing you all the best.

      Paula

  3. Hi Paula
    Well done on what you’ve achieved to date and thanks for the good read.
    I have a question. If your travelling in a motorhome and trading daily. How do you get the fast pictures and internet speeds needed ? How are you connecting please.
    Thanks
    Dave

    1. Hi Dave, If you look at my previous post before this one I explain my internet set-up in the motorhome.

      Regards
      Paula

  4. Brilliant stuff Paula, really pleased for you. I joined bfp because of you, still early days for me, still making a few mistakes ( entering too late ) but see where it will take me with hard work, keep it up πŸ’ͺ

  5. Ive loved reading your blog Paula, I think we have similar interests , I used to live in a van but at the moment am a slave to a mortgage and bills ect , have been learning hard for 18 months now pre race trading, hoping that when the girls are grown up myself and Jon can go back on the road and have the freedom we used to love πŸ™‚ , keep up the fab trading and your blog, take care and done park on a slope πŸ™‚ Marie x

    1. Hi Marie
      Thank you very much. Good luck with the trading. Vanlife and trading on the road is the best life, best of both worlds. Currently Im in a Travelodge as motorhome is having work done πŸ™‚ that’s the problem when you live in the van. So currently can’t trade as Travelodge internet is not the best.
      Hope to see you on the road one day, that would be great.
      All the best
      Paula

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