Tuesday, 18 May 2010

slow and steady

Back to a straightforward day today, only had 2 losing races out of 15, only losing 50p, and overall making over £6, which is not bad for £20 stakes. It does seem like I am taking up better positions, and that being more patient( or less greedy?) has helped me cut out a lot of the stupid losses I was getting. Having to wait longer before opening a position runs the risk of becoming more tied to that trade, and not accepting that I can still get it wrong, and I think thats what happened yesterday to some extent. Also the longer I trade, the more mistakes I am likely to make. Yesterday towards the end I was getting a bit careless, and my big losses happened because I had more than 1 trade entered, and when the market went against me, either a spike or a move,the other trades got taken and I was left with a bigger than normal loss, which led me to chase.
As someone pointed out recently, there have been 4000+ races this year. If I had made £0.40 a race on average( as I did today), then I would already have made £1600, which is a lot more than I have actually made. I need to lower my expectations, not think about what other people are making, and focus on being consistent and disciplined.


  1. Hello would you like to swap links?



  2. Have added you to my blog list, good luck