Monday, 11 January 2010

random sequence of wins and losses ( I hope)

After the shock of my last days trading, I cut my stakes back to £10 to try and gain a bit of confidence. I was more in control, and didn't go in play once, which is good. I still struggled though, and couldn't seem to find good entry points. I had a 38% strike rate in races. Since any set of results will contain a random sequence of wins and losses, I am sure that this is just a temporary blip, combined with lack of practice over the last few weeks, and maybe the markets acting a little strangely. I lost £1.51 today, but am still in the black for this month, so hopefully things will improve as racing gets back to normal.
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7 comments:

  1. JS11 January 2010 at 19:48

    Many traders seem to be finding the markets strange during this cold snap period. There's a lot of positives to be taken though from your performance, such as positive reinforcement on taking losses when necessary and not going in play.

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  2. neil11 January 2010 at 19:56

    thanks for the comment, and for the comments ppl left on my last post. A lot of people do seem to be struggling, have u been trading at all JS, as u very rarely have a losing day, I would be interested to see how u are getting on.
    As you say, there are positive things to take away from this, and I know I still have a long way to go

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  3. Steve11 January 2010 at 20:11

    I'm in the club.

    I had a shocking trading day today. Everything I did went the other way.

    I really don't like the All Weather meetings.

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  4. JS11 January 2010 at 20:20

    No trading for me since December. It's a bit frustrating but looking at the state of the markets at the moment doesn't seem like I've missed too much. I'll probably write off January as my job is taking more time than before. Should be back in February to get some practice in before it all kicks off in March.

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  5. Anonymous11 January 2010 at 20:40

    Although you had a small losing day you should look at the major positive of never having gone in play during your day's trading. When I very briefly dabbled in the trading game going in play was what I really struggled with.

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  6. Betfair botter11 January 2010 at 21:31

    Your long term profitability is all about how you accept these losing or 'lean' days/weeks. Plenty of traders are finding it hard with so few meetings, just stick at it and don't lose focus.

    Like JS said you need to be looking at the positives from what you did today rather than the pnl as one day counts for very little in the long run.

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  7. neil11 January 2010 at 22:18

    Thanks for all the support guys

    ReplyDelete

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