Thursday, 17 June 2010

A decent day

With encouragement from some people in The Geeks Toy chat room, I decided to up my stakes today by 1/3rd, to £1 a tick Book profit. Book profit really seems to suit me ( or maybe its just that I am finally getting a little less loss averse) in that I dont consider my stake or the consequences of a losing trade as much. I now think in ticks and if I am making 2 or 3 ticks most races, then I am happy to take a tick or 2 loss when needed. I found todays trading ok, although the markets were fairly volatile, which doesnt seem to suit my style. I was up 20 ticks after 14 markets, but started to lose my concentration, made a couple of mistakes, and struggled with the rather empty evening markets. I ended up 17.5 ticks in profit so I was happy with my first day at increased stakes.It is a long day trading from 11am (on the dogs), right through to 8 or 9 in the evening, I'm not sure if its worth trying to trade that long, as mistakes will inevitably creep in.

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