Yet again, my best ever month, due to the fact that I doubled my stakes at the start of the month. I also think my trading has improved, as I only traded just over half the possible days this month, but still did better than double last months profit. There were a few days where the average loss was quite big, but that was due to having a small number of losing races, where 1 or 2 losses would be large. I am looking to bring my average loss down if possible over the next month. I am very encouraged by these results, I have consolidated on what I have learned over the last few months, and am making slow upward progress.
My strike rate seemed to be a lot better this month, mostly in the 70's, with the average increasing as the month went on.
My average win increased slightly throughout the month,I think this shows I am still progressing. My average loss seemed to decrease over the month, although looking at the graph and the PnL above I dont see how this is necessarily possible.
So, my aim for January is to have my first ever £100+ month and to work on reducing the average loss. I need to keep tight control on trading too close to the off ( which did result in 1 or 2 losses over the month), by closing all trades at the official off time. I will make sure I am keeping my concentration levels up by taking small breaks and drinking lots of water. I am also thinking about raising the stakes again, but the last 2 months I have done that at the start of the month, I have struggled for the first few days, so I might wait till the middle of the month.
what sort of return are you getting per £1 backed ?
ReplyDeleteI think it will be quite low, as I know that other people are getting better results with lower stakes. I used £20 stakes and had £40,500 matched over the month, so if I half that to give £20,250 backed then my return is 0.35%. it is something else I know I have to work on, getting my returns up a bit
ReplyDeletehello mate, I have added your link to my blog and was wondering if you could do the same?
ReplyDeletehttp://stripped1977.wordpress.com
Many Thanks
thanks, have added your blog to my list
ReplyDeleteneil
don't be too dissapointed with 0.35% Adam Heathcotes figures were under 0.2% and he does OK. You'll be lucky to ever break 1% return on a consistent basis
ReplyDeleteHey Im not dissapointed at all, I am pleased to be in profit. I think AH's figures were return on total matched, so mine would be 0.17% which still compares well to his figure I guess.
ReplyDelete