Thursday 18 February 2010

Raging

Last two days have felt like a bit of a struggle compared to earlier in the month. It feels like there is a bit less money in the markets, and they are a bit more unpredictable. I have found myself hitting a few more losing races, and my anger has been building. Its stupid to get angry, I know, but its been happening quite a lot as I perceive the market turning on me. I try to take a minute after each losing race to feel calm and accept the loss, and this does help, but when something like today happens, I end up just exploding. Things were going along ok, then I hit a £3.25 loss when trying to lay a horse close to the off time, as it looked to be drifting, but it came back in, as they often do. a couple of races later, I saw a horse drifting a bit close to the off time, so I thought " this time, I am not going to get caught out laying it when its obviously going to just come back in, so I will back it!!"
of course, it went through the price so I thought, " well, it will still come in, so I will back it again!!!".
Price continues out, and there's a few seconds before off time, so I did a final back waiting for it to come back in, it never did, and I took a £7.57 loss just before the race started. At least I didn't go in play I suppose. I was absolutely raging. Stupid to be so angry over something I have no control over, and the things I did have control over, ie entry and exit points, were done to the best of my abilities. I think I was extra angry because this is my first losing day this month, and everything had been going really well up to now. I need to make sure that I deal with this, accept it, and keep trading the way I have been.

2 comments:

  1. Hang in there mate, you obviously know how to trade now, one bad day doesn't mean anything best thing is you haven't gone inplay and live to fight another day.

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  2. thanks JS. My post wasnt so much about the loss, it was about the way I became so angry, and I dont think that is good for my trading.

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