Daily Loss £122.98
I really fancied 2 horses today. Both ran in later races. By the time the 4.40 came, I was £220 down on the day again and traded Barraland as I thought it would win. The horse was backed from 7/1 to 11/2 and was well backed on Betfair. I had £480 riksfree, took £100 out at 2.08 and let the rest run. The horse got beat in a photo after trading at 1.11 and I think this is the straw that broke the camel’s back!
In the final race, I was very, very sweet on Ever Dreaming. I then ended up with my whole bank on it, watched it drift wildly, then watched it go 1 point lower than I backed at and overall, I ended up with about £100 riskfree if I wanted it but I chose to take £20 in running on it. The horse traded at 5 but I didn’t lay and I ended up losing £20. Then again, £1200 risk to get £100 riskfree….
If I held my nerve, I could have had a £1,000 riskfree bet pre-race (or £100+ win). If I had backed at the peak price, I could have had £2,000 riskfree. Instead, I backed at pretty much its lowest price apart from when it was backed late on and another cock up from me.
A £120 loss after being £220 down is some sort of achievement but I’m taking a break from this game for a week or so to get my head clear.
Incidentally, how did I get £220 down on the day? I ended up with my whole bank on The Good Guy in the very first race of the day and the fav was backed from 10/11 to 4/7, so I was left on the massive drifter again. I lost £300 on the race which is maybe a record for me but then again, I’ve been losing money in large sums this month, so not too sure.
I then traded pretty well in the main then until the 3 horse race at Bath. I fancied the 2nd fav to upset the long odds on fav and I was right and the market was wrong. I ended up with a fairly large red on the 1.45 shot and a small green on the other 2 and not surprisingly, the 2nd fav pissed it and I won sweeties for gambling much more. Great!
The worst race by far was the 4.05 at Bath when I traded the 2 Harris horses to get £500 riskfree on both. Spic N Span was hemmed against the rail the whole race and the trainer was fuming on ATR as I was also. Didn’t make a penny when I could have taken £50 pre-race and just about sums up my day.
Apart from my £300 loss, I was £180 up on the day and that’s it for me for this month. I’ll take the rest of this month to read my trading books and relax as this game is a pain in the ass at times!
Incidentally, I just want to say thanks to Steve for the recent comments. I agree with everything you are saying mate and I just need to stop pissing about in shitty little races I know nothing about. Today is yet another example and if I had only traded the 2 handicaps at Bath, I would have been £100 up as I would have taken the riskfree bet in the last on my horse that lost.
What the hell I’m doing trying to use my trading strategy on every race I’ve absolutely no idea and this month has been a great learning curve for me.
As you say, having a losing month may be good for me and I do feel like I need a break. I’ve became almost reckless with my trading now and it’s got a bit out of control. I need to get back to doing what I do best and stop trying to adopt my strategy to fit every race. As I’ve said previously, I know I can’t trade that well and I know I have no edge in other races, so why do I trade them?
Indiscipline……..
Hopefully, I’ll start back next month afresh and try to build things slowly again.
Good luck for the rest of this month and I’ll do a review of this month in a week or so. I’ll take the time between then and now to analyse this month and understand what the hell happened!
Thursday, 24 July 2008
Wednesday, 23 July 2008
A mystery to me!
Daily Loss £34.69
Absolutely no complaints today. I traded f***ing abysmally and how I only lost £35 is an absolute mystery to me if I’m honest.
I won £224 in the last 3 races to bail me out and I was lucky to have 2 winners in the final 3 races.
A disaster of a day and this month is proving the month of hell!!!! Some of the highlights were:
I started off in the 2.10 at Worcester laying the fav as I had no idea what it was doing at that price. It then got heavily punted, I was forced to go in running with £50 red on the fav and £10 green on the field and I didn’t want the £25 guaranteed loss. The fav absolutely hosed up on the bridle and made me look quite silly if I’m honest!
Then I did the same in the 2nd race at Worcester as the fav was 1/4 when it is no world beater. I managed to exit this in running for a fairly large green on the field but the fav hosed up again!
I wanted to be against the fav in the first 2 races at Catterick. Both got beat but were absolutely punted on course, so another loss pre-race which was annoying!
I did escape a large loss in the first though. I could see the unraced horse getting punted but it would have to be quite decent to win it I thought. I laid at 9, backed at 10. I didn’t realise it had been backed from 25 and it actually started at 6 and won on the bridle. After that escape, I thought my luck had changed but it wasn’t to be.
My worst one was in the 3.30 at Lingfield. For once I agree with Matt Chapman. Why the hell did this fav start at 1.6? My first play was £100 to lay at 2.1 and then I continued to bail for a loss and then lay again. At the off, I had a large red on the fav and a very small green on the field. Again, I was proved right and won the measly sum of £9.52 for getting a 1.6 shot beat and risking £100. Nice trading Graeme!
I won £25 on Windjammer in the 3.20 but again, it ran poorly and I laid off very early anyway as it traded quite short early in the race.
My best result was in the 5.20 when I really fancied Dan Tucker. Since I was heavily down and a bit annoyed with myself, I decided to trade this as if it is a world beater. Thankfully, for once, the market agreed and it shortened significantly to give me £350 riskfree on it. I passed up on £70 green at the off and was pleased to see it win easily to give me £192 profit on the race after I laid off with a few furlongs left.
I’m not posting my P&L as it is a shambles with 17 races traded, 7 wins, 7 losses and 3 break-even.
I’m trading again tomorrow, so it should be more fun and games! 
Absolutely no complaints today. I traded f***ing abysmally and how I only lost £35 is an absolute mystery to me if I’m honest.
I won £224 in the last 3 races to bail me out and I was lucky to have 2 winners in the final 3 races.
A disaster of a day and this month is proving the month of hell!!!! Some of the highlights were:
I started off in the 2.10 at Worcester laying the fav as I had no idea what it was doing at that price. It then got heavily punted, I was forced to go in running with £50 red on the fav and £10 green on the field and I didn’t want the £25 guaranteed loss. The fav absolutely hosed up on the bridle and made me look quite silly if I’m honest!
Then I did the same in the 2nd race at Worcester as the fav was 1/4 when it is no world beater. I managed to exit this in running for a fairly large green on the field but the fav hosed up again!
I wanted to be against the fav in the first 2 races at Catterick. Both got beat but were absolutely punted on course, so another loss pre-race which was annoying!
I did escape a large loss in the first though. I could see the unraced horse getting punted but it would have to be quite decent to win it I thought. I laid at 9, backed at 10. I didn’t realise it had been backed from 25 and it actually started at 6 and won on the bridle. After that escape, I thought my luck had changed but it wasn’t to be.
My worst one was in the 3.30 at Lingfield. For once I agree with Matt Chapman. Why the hell did this fav start at 1.6? My first play was £100 to lay at 2.1 and then I continued to bail for a loss and then lay again. At the off, I had a large red on the fav and a very small green on the field. Again, I was proved right and won the measly sum of £9.52 for getting a 1.6 shot beat and risking £100. Nice trading Graeme!
I won £25 on Windjammer in the 3.20 but again, it ran poorly and I laid off very early anyway as it traded quite short early in the race.
My best result was in the 5.20 when I really fancied Dan Tucker. Since I was heavily down and a bit annoyed with myself, I decided to trade this as if it is a world beater. Thankfully, for once, the market agreed and it shortened significantly to give me £350 riskfree on it. I passed up on £70 green at the off and was pleased to see it win easily to give me £192 profit on the race after I laid off with a few furlongs left.
I’m not posting my P&L as it is a shambles with 17 races traded, 7 wins, 7 losses and 3 break-even.
I’m trading again tomorrow, so it should be more fun and games!
Tuesday, 22 July 2008
Another Lesson Learned!
Daily Loss 162.74
As I mentioned in my last post, I have taken 4 afternoons off work this week to trade. As I’ve been saying recently on here, I feel like I’m trading as well as I have ever been, so it makes sense to try to capitalise on this at the moment.
Today, I traded very well and being honest, I’m in quite pleased with myself even though I am posting up yet another massive loss.
I traded 13 races today, with 12 wins and 1 loss. The fact I’m posting up a £162 loss is farcical but let’s just say that I’ve learnt another lesson today. As I’ve found this month, lessons on Betfair are proving quite costly but I’m still learning!
I can talk through how great I traded 12 races and how I was never in any trouble of losing but that would be fairly boring! Let’s look at the race where I lost…..
I was trading Auld Arty in the 3.00 at Salisbury. It was a 2 year old with decent form and was well drawn, so I guessed it could have given the fav a run for its money. Everything was going great and I was trading the fav and 2nd fav.
The 2nd fav started to drift alarmingly and I was exiting both bets for a guaranteed loss. They then showed Auld Arty on the screen and it was clearly upset, so it was drifting like a barge. I then let things settle and started to lay the fav as it shortened too much.
Everything was going OK and I laid Auld Arty as it was drifting but it started to shorten, so I had open positions on both the fav and the drifter Auld Arty. They were nearly all in the stalls and then Auld Arty backed out. The jockey popped off and it drifted wildly, so I again exited the bet but wanted to back the fav to go red on the field and green on the fav. I forgot about the Rule 4 though and to cut a long story short, I ended up losing a bloody fortune as the fav hosed home!
Overall, a £380 loss on the race and another valuable lesson learnt. All day, I didn’t get in any difficult on drifters apart from that one race and as usual, it bites me on the ass in a big way.
If I had managed to get red on the field, I would have lost about £100-£150 on the race and I’ve no complaints. When you are backing a horse that is sweating badly pre-race and you didn’t know, you need to take the loss on the chin. The fact I wanted to back the fav meant that things got worse as I forgot about the Rule 4 and I ended up losing even more when it hosed home.
Overall, a bit of a nightmare race but all in all, I really enjoyed today’s trading.
One day soon, hopefully everything will click into place and I’ll start making some profits again. At the moment, I appear to be fighting a losing battle every time I trade but I’m confident I’ll turn things around.
As I mentioned in my last post, I have taken 4 afternoons off work this week to trade. As I’ve been saying recently on here, I feel like I’m trading as well as I have ever been, so it makes sense to try to capitalise on this at the moment.
Today, I traded very well and being honest, I’m in quite pleased with myself even though I am posting up yet another massive loss.
I traded 13 races today, with 12 wins and 1 loss. The fact I’m posting up a £162 loss is farcical but let’s just say that I’ve learnt another lesson today. As I’ve found this month, lessons on Betfair are proving quite costly but I’m still learning!
I can talk through how great I traded 12 races and how I was never in any trouble of losing but that would be fairly boring! Let’s look at the race where I lost…..
I was trading Auld Arty in the 3.00 at Salisbury. It was a 2 year old with decent form and was well drawn, so I guessed it could have given the fav a run for its money. Everything was going great and I was trading the fav and 2nd fav.
The 2nd fav started to drift alarmingly and I was exiting both bets for a guaranteed loss. They then showed Auld Arty on the screen and it was clearly upset, so it was drifting like a barge. I then let things settle and started to lay the fav as it shortened too much.
Everything was going OK and I laid Auld Arty as it was drifting but it started to shorten, so I had open positions on both the fav and the drifter Auld Arty. They were nearly all in the stalls and then Auld Arty backed out. The jockey popped off and it drifted wildly, so I again exited the bet but wanted to back the fav to go red on the field and green on the fav. I forgot about the Rule 4 though and to cut a long story short, I ended up losing a bloody fortune as the fav hosed home!
Overall, a £380 loss on the race and another valuable lesson learnt. All day, I didn’t get in any difficult on drifters apart from that one race and as usual, it bites me on the ass in a big way.
If I had managed to get red on the field, I would have lost about £100-£150 on the race and I’ve no complaints. When you are backing a horse that is sweating badly pre-race and you didn’t know, you need to take the loss on the chin. The fact I wanted to back the fav meant that things got worse as I forgot about the Rule 4 and I ended up losing even more when it hosed home.
Overall, a bit of a nightmare race but all in all, I really enjoyed today’s trading.
One day soon, hopefully everything will click into place and I’ll start making some profits again. At the moment, I appear to be fighting a losing battle every time I trade but I’m confident I’ll turn things around.
Sunday, 20 July 2008
Rollercoaster continues.....
Daily Profit £120.43
Today’s profit is an accumulation of my profit from the golf and from an hour and a half of trading on the horses today.
The golf didn’t go exactly to plan today and none of my men made a move on the leaders. I laid off a bit of Noren at 46 today, so I ended up with a profit of £42.40 from the golf. Obviously, I had about £110 green yesterday morning if I traded in my bets then, so it’s not a great profit.
I don’t regret holding on to my bets until the final day as Ian Poulter was in the same position as Noren before play started and traded below 3 today, so it could have easily have been Noren and not Poulter who made a charge up the leader board. A profit of £42 is not to be sniffed at though in times of need, so I’ll happily bank it!
Right, on to more important things…..
I traded 10 races today. I had 8 profits, 1 losing race and 1 break-even. Importantly, I managed to pick a winner and it makes a large difference to my P&L when there is a winner thrown in there!
My loss was really annoying as I fancied the Pipe horse in the bumper and it drifted wildly before the off. I took my medicine though and took a £20 loss on the field before the off, so I can’t complain too much.
I traded pretty well again though and most of my horses ran well, so I got a profit in most races. I’m guessing if I greened up I would have won about £30, so I did pretty well to make nearly £80.
As I have been saying for the last week or so, I feel like I’m trading better than I have ever been but I keep making silly errors that cost me large amounts. On reflection, I traded very well yesterday and to have lost £180 is unbelievable. This month has been littered with at least 6 losses of over £100 in single races and that’s what has killed my profit level this month.
If I can cut out these silly losses, I’d be back to making decent profits again……
Thanks also for the comments for yesterday. I’ll reply to them tomorrow at some point.
Lastly, when I go into work tomorrow, I’m going to ask for 3/4 afternoons off this week to allow me to trade. I have a few holidays to take at work and taking a few afternoons off to trade seems like a worthwhile thing to do. I’m not sure if I’ll get the afternoons off but I’ll let you know when I find out!
Today’s profit is an accumulation of my profit from the golf and from an hour and a half of trading on the horses today.
The golf didn’t go exactly to plan today and none of my men made a move on the leaders. I laid off a bit of Noren at 46 today, so I ended up with a profit of £42.40 from the golf. Obviously, I had about £110 green yesterday morning if I traded in my bets then, so it’s not a great profit.
I don’t regret holding on to my bets until the final day as Ian Poulter was in the same position as Noren before play started and traded below 3 today, so it could have easily have been Noren and not Poulter who made a charge up the leader board. A profit of £42 is not to be sniffed at though in times of need, so I’ll happily bank it!
Right, on to more important things…..
I traded 10 races today. I had 8 profits, 1 losing race and 1 break-even. Importantly, I managed to pick a winner and it makes a large difference to my P&L when there is a winner thrown in there!
My loss was really annoying as I fancied the Pipe horse in the bumper and it drifted wildly before the off. I took my medicine though and took a £20 loss on the field before the off, so I can’t complain too much.
I traded pretty well again though and most of my horses ran well, so I got a profit in most races. I’m guessing if I greened up I would have won about £30, so I did pretty well to make nearly £80.
As I have been saying for the last week or so, I feel like I’m trading better than I have ever been but I keep making silly errors that cost me large amounts. On reflection, I traded very well yesterday and to have lost £180 is unbelievable. This month has been littered with at least 6 losses of over £100 in single races and that’s what has killed my profit level this month.
If I can cut out these silly losses, I’d be back to making decent profits again……
Thanks also for the comments for yesterday. I’ll reply to them tomorrow at some point.
Lastly, when I go into work tomorrow, I’m going to ask for 3/4 afternoons off this week to allow me to trade. I have a few holidays to take at work and taking a few afternoons off to trade seems like a worthwhile thing to do. I’m not sure if I’ll get the afternoons off but I’ll let you know when I find out!
Saturday, 19 July 2008
Traded like a fool!
Daily Loss £184.62
This is proving to be a nightmare month right enough!
During this month, even though I’ve traded like a muppet at times and at times lost my discipline, I haven’t been too hard on myself. Well, that’s about to change as I traded like a fool in a race today and I’m really pi**ed off about it.
I never post my P&L when I lose as I don’t think it helps motivate me much but today is an exception. I traded very well today for the most part and that’s what really disappoints me the most.
Here’s my P&L:
Even though you can’t see it on here, I lost £100 in the first race today. I’m not too upset about this loss but I’ll take it away and think about how I could have traded the race differently.
I had a glance at the 5 day declerations for the races at Market Rasen today on Thursday. In the first race, a horse stood out at the foot of the handicap. Advancement was running off 10st 1lb with Timmy Murphy on board. For those that don’t quite understand what this meant, Timmy Murphy only had 1 ride today as he would have had to sweat to do that weight at this time of year. At the 5 day decs for this race, David Pipe had 5 entries but Murphy was down to ride this one. Even without looking at the form, this was a tip in itself.
When I saw the final decs for the race and I realised that Murphy only had one ride all day, it helped to convince me even more that the horse would run well. I spent 2 hours going through the race last night and basically, there were only 4 horses in the race that could get anywhere near Advancement. I thought it was a 5/2 chance at best, so I was amazed when I saw it priced up at 7 last night on Betfair. Not surprisingly, before I could get any reasonable money on it, it was trading at 5.
This morning, the horse was backed from 9/2 to 3/1 with every bookmaker and I made an early decision today to trade this to try to get as large a riskfree bet as possible.
Well, as the day went on, the market decided to disagree with me in a big way and the horse ended up drifting from 3.8 to 6.6. My first bet was £400 at 4.4 and it was downhill from there.
At the off, I had £100 at 1.5 on a horse which started at 6. Amazing really and I was proved right when the horse ran really well but came up against a better handicapped horse and finished 2nd. The horse traded at 2.5 in running but I was stuck with my £100 win. So, a £100 loss on the race. (Incidentally, that was one of the other 3 on the shortlist.)
Can people send me the answer on a postcard please of how you trade a horse that you think is the wrong price on Betfair……. I keep getting in arguments with the market and sometimes, even though I’m right like today, I still lose!
I then lost £10 on a trade and so I was £110 down for the day. I worked my ass off for the next 14 races after that and traded great. I had 7 wins and 7 losses and had won back £87 of my losses and was looking to break-even for the day.
Disaster then struck……(and I didn’t even lose a penny!)
I was trading Tusculum in the 4.45 race. I can’t even remember why I fancied this if I’m honest but I had it down on my list of horses to trade today. My first bet was £20 at 21 and it drifted to 25, so I laid £15 off at 25. There was £200 available to back at 24 and I thought to myself, should I take all of this?
Well, I stupidly decided to go for a quick pee and then return 2 minutes later. When I got back, the horse was trading at 19 and I asked for £200 at 20. I again had the opportunity to take £200+ at 19 but no, I ask for 20.
Well, it’s history now but anyone who saw the market will know what happened. The horse got backed at all rates from 20/1 to 5/1 and backed from 20 to 6 on Betfair.
I was left punching my desk in frustration shouting you fu**ing idiot. If I had taken the £200 at 24 and then headed for a pee, I’d be looking at a £2k plus riskfree bet or a £400 profit on the race. I ended up with £23 riskfree on it!
Incidentally, the thing I didn’t know at the time was that Tusculum is owned by Barney Curley and it appears a well laid plan went astray today. The horse finished tailed off and was the first horse beaten today. No doubt it will pop up at some point.
Well, not for the first time, missing this trade affected me and I then traded the next race like a bloody muppet. I was trading Markington and I didn’t even fancy it that much being honest. It was more of a speculative play and it proved very weak in the market.
However, due to what happened in the previous race, I traded this horse like it was a fu**ing world beater when I knew it wasn’t and I ended up redding up for a large loss pre-race on the field and a smallish green on Markington and it was the first horse beat, so a large loss of £144. I then lost my discipline and tried to bail myself out with a £20 win on my last fancy Tyranosauraus Rex in the 5.05 at Ripon at 20 on Betfair.
Due to my lack of discipline again and stupid stubbornness, I didn’t leave an in-running lay and it traded at less than 3 before finishing 2nd at 14/1. That again made me lose my head at myself as I could have won £50+ easily in running by laying off but I decided to gamble. What a fool…….
At this moment, I switched off the laptop and was really pi**ed off with myself. I’m still annoyed with myself now to be honest as up until missing that trade on that steamer, I was trading great and was nearly level for the day.
It’s also been an interesting day on the golf and I managed to catch the last hour’s play or so. I’m now £25 green on the field and I still have my £2k profit on Alex Norren. I really fancy him to make a charge tomorrow as he played great today but dropped 4 shots in his first 2 holes! If he hadn’t done that, he’d be sitting at the top.
I’ll update the golf profit tomorrow night once it’s finished.
This is proving to be a nightmare month right enough!
During this month, even though I’ve traded like a muppet at times and at times lost my discipline, I haven’t been too hard on myself. Well, that’s about to change as I traded like a fool in a race today and I’m really pi**ed off about it.
I never post my P&L when I lose as I don’t think it helps motivate me much but today is an exception. I traded very well today for the most part and that’s what really disappoints me the most.
Here’s my P&L:
Even though you can’t see it on here, I lost £100 in the first race today. I’m not too upset about this loss but I’ll take it away and think about how I could have traded the race differently.
I had a glance at the 5 day declerations for the races at Market Rasen today on Thursday. In the first race, a horse stood out at the foot of the handicap. Advancement was running off 10st 1lb with Timmy Murphy on board. For those that don’t quite understand what this meant, Timmy Murphy only had 1 ride today as he would have had to sweat to do that weight at this time of year. At the 5 day decs for this race, David Pipe had 5 entries but Murphy was down to ride this one. Even without looking at the form, this was a tip in itself.
When I saw the final decs for the race and I realised that Murphy only had one ride all day, it helped to convince me even more that the horse would run well. I spent 2 hours going through the race last night and basically, there were only 4 horses in the race that could get anywhere near Advancement. I thought it was a 5/2 chance at best, so I was amazed when I saw it priced up at 7 last night on Betfair. Not surprisingly, before I could get any reasonable money on it, it was trading at 5.
This morning, the horse was backed from 9/2 to 3/1 with every bookmaker and I made an early decision today to trade this to try to get as large a riskfree bet as possible.
Well, as the day went on, the market decided to disagree with me in a big way and the horse ended up drifting from 3.8 to 6.6. My first bet was £400 at 4.4 and it was downhill from there.
At the off, I had £100 at 1.5 on a horse which started at 6. Amazing really and I was proved right when the horse ran really well but came up against a better handicapped horse and finished 2nd. The horse traded at 2.5 in running but I was stuck with my £100 win. So, a £100 loss on the race. (Incidentally, that was one of the other 3 on the shortlist.)
Can people send me the answer on a postcard please of how you trade a horse that you think is the wrong price on Betfair……. I keep getting in arguments with the market and sometimes, even though I’m right like today, I still lose!
I then lost £10 on a trade and so I was £110 down for the day. I worked my ass off for the next 14 races after that and traded great. I had 7 wins and 7 losses and had won back £87 of my losses and was looking to break-even for the day.
Disaster then struck……(and I didn’t even lose a penny!)
I was trading Tusculum in the 4.45 race. I can’t even remember why I fancied this if I’m honest but I had it down on my list of horses to trade today. My first bet was £20 at 21 and it drifted to 25, so I laid £15 off at 25. There was £200 available to back at 24 and I thought to myself, should I take all of this?
Well, I stupidly decided to go for a quick pee and then return 2 minutes later. When I got back, the horse was trading at 19 and I asked for £200 at 20. I again had the opportunity to take £200+ at 19 but no, I ask for 20.
Well, it’s history now but anyone who saw the market will know what happened. The horse got backed at all rates from 20/1 to 5/1 and backed from 20 to 6 on Betfair.
I was left punching my desk in frustration shouting you fu**ing idiot. If I had taken the £200 at 24 and then headed for a pee, I’d be looking at a £2k plus riskfree bet or a £400 profit on the race. I ended up with £23 riskfree on it!
Incidentally, the thing I didn’t know at the time was that Tusculum is owned by Barney Curley and it appears a well laid plan went astray today. The horse finished tailed off and was the first horse beaten today. No doubt it will pop up at some point.
Well, not for the first time, missing this trade affected me and I then traded the next race like a bloody muppet. I was trading Markington and I didn’t even fancy it that much being honest. It was more of a speculative play and it proved very weak in the market.
However, due to what happened in the previous race, I traded this horse like it was a fu**ing world beater when I knew it wasn’t and I ended up redding up for a large loss pre-race on the field and a smallish green on Markington and it was the first horse beat, so a large loss of £144. I then lost my discipline and tried to bail myself out with a £20 win on my last fancy Tyranosauraus Rex in the 5.05 at Ripon at 20 on Betfair.
Due to my lack of discipline again and stupid stubbornness, I didn’t leave an in-running lay and it traded at less than 3 before finishing 2nd at 14/1. That again made me lose my head at myself as I could have won £50+ easily in running by laying off but I decided to gamble. What a fool…….
At this moment, I switched off the laptop and was really pi**ed off with myself. I’m still annoyed with myself now to be honest as up until missing that trade on that steamer, I was trading great and was nearly level for the day.
It’s also been an interesting day on the golf and I managed to catch the last hour’s play or so. I’m now £25 green on the field and I still have my £2k profit on Alex Norren. I really fancy him to make a charge tomorrow as he played great today but dropped 4 shots in his first 2 holes! If he hadn’t done that, he’d be sitting at the top.
I’ll update the golf profit tomorrow night once it’s finished.
Friday, 18 July 2008
Back in business!
Daily Profit £50.07
What a day……
As the title states, I’m back in business!
All week, I’ve kept my promise to not trade in the evenings. I’ve enjoyed the break to be honest and it allowed me to do a few things like cut the grass and spend a bit of time with Denise for a change! I’m feeling quite refreshed now and when I knew Denise was popping out for a little while tonight, I decided I’d trade a few races to ease my way back into it.
I traded 6 races this evening and I traded them excellently. I had 3 wins and 3 break-even races. Here’s my P&L:
What a day……
As the title states, I’m back in business!
All week, I’ve kept my promise to not trade in the evenings. I’ve enjoyed the break to be honest and it allowed me to do a few things like cut the grass and spend a bit of time with Denise for a change! I’m feeling quite refreshed now and when I knew Denise was popping out for a little while tonight, I decided I’d trade a few races to ease my way back into it.
I traded 6 races this evening and I traded them excellently. I had 3 wins and 3 break-even races. Here’s my P&L:
I’ve also realised that I’m on the best run I’ve had thus far during The Experiment. Tonight, in 2 races, I chose to scratch trades and not take any money in running as I didn’t want to have a losing race. That’s the sort of discipline that has been missing from my trading this month and I’m really pleased that it has returned in time to salvage something from this month!
To help me keep this sort of discipline and to give me extra motivation, I’ve added a little bit at the side of the blog to track my progress since last Saturday afternoon. In the last 46 races I’ve traded, I’ve had 34 wins, 9 break-evens and 3 losses. My profit stands at £699.69 which is an amazing run. I’ll keep tracking this as I like keeping records of things and trying to beat them in the future if possible.
I’m trading tomorrow afternoon now and as you can imagine, I’m really looking forward to it. I don’t think I’ve looked forward to a day’s trading quite as much before, so I’m hoping I can live up to my expectations!
OK, as I mentioned in my last post, it wasn’t looking that promising on the golf as my bets hadn’t started that well and my lay on Garcia didn’t look the best bet when he was trading 4 points shorter than I laid at! Well, I’m pleased to say that I was right and the market was wrong and I’ve traded in my lay in to get riskfree on the field.
Therefore, I effectively have 9 riskfree bets that have made the cut. Here are the riskfree returns and their positions at the end of round 2:
To help me keep this sort of discipline and to give me extra motivation, I’ve added a little bit at the side of the blog to track my progress since last Saturday afternoon. In the last 46 races I’ve traded, I’ve had 34 wins, 9 break-evens and 3 losses. My profit stands at £699.69 which is an amazing run. I’ll keep tracking this as I like keeping records of things and trying to beat them in the future if possible.
I’m trading tomorrow afternoon now and as you can imagine, I’m really looking forward to it. I don’t think I’ve looked forward to a day’s trading quite as much before, so I’m hoping I can live up to my expectations!
OK, as I mentioned in my last post, it wasn’t looking that promising on the golf as my bets hadn’t started that well and my lay on Garcia didn’t look the best bet when he was trading 4 points shorter than I laid at! Well, I’m pleased to say that I was right and the market was wrong and I’ve traded in my lay in to get riskfree on the field.
Therefore, I effectively have 9 riskfree bets that have made the cut. Here are the riskfree returns and their positions at the end of round 2:
I’ve calculated that I can go green for about £110 at the moment if I traded in all my riskfree bets, so I’m in a good position. I’ve made the decision that I’m going to chase a biggish win though, so the £110 is irrelevant at the moment.
I’m hoping that Noren or Wall can shoot a good round tomorrow and maybe trade at single figures on Sunday and that would be my best shot of a decent return. However, Allenby is well positioned and I’m hoping he can possibly win the tournament, so I have a few guys with a chance.
Whatever happens, I can watch the golf now and cheer on my guys without worrying about losing any money on it. A nice place to be in!
I’ll update the blog tomorrow night once the racing and golf has finished. Good luck if you are trading tomorrow!
I’m hoping that Noren or Wall can shoot a good round tomorrow and maybe trade at single figures on Sunday and that would be my best shot of a decent return. However, Allenby is well positioned and I’m hoping he can possibly win the tournament, so I have a few guys with a chance.
Whatever happens, I can watch the golf now and cheer on my guys without worrying about losing any money on it. A nice place to be in!
I’ll update the blog tomorrow night once the racing and golf has finished. Good luck if you are trading tomorrow!
Quick Golf Update
I thought I’d give you all a quick golf update. I’m starting to think that I’m destined to lose this month!
At the moment, if someone offered me a break-even position, I’d take it as I’m in a bit of trouble but it’s early days.
After seeing 8 of my original picks beaten by the weather in round 1, I decided to back Robert Allenby and Retief Goosen as well as lay Sergio Garcia mid round yesterday.
My lay on Sergio isn’t looking like the brightest move at the moment as he remains favourite but I just don’t understand why he is favourite. He played in the best conditions yesterday, isn’t putting well at all and yet is being backed because he is Spanish!
I backed Goosen at 48 and laid at 11, so I have a nice riskfree bet on him. I backed Allenby at 34 in the middle of his round and passed on the opportunity to lay off at 16 last night as he was tied in the lead. He’s now dropped a few shots this morning, so my opportunity to lay is probably gone for the moment.
Out of my original picks, I have Anthony Wall (£5 at 650) and Noren (£5 at 520) both inside the top 20 overnight, so I’m hoping one of these two may keep me in with a shout over the weekend.
Overall, I’m maybe looking at a red £150 position on the field excluding my picks due to my insanity in laying Garcia when he was +3, but it’s still early days and one thing I’ve learnt about golf is that it can swing around quickly.
At the moment, if someone offered me a break-even position, I’d take it as I’m in a bit of trouble but it’s early days.
After seeing 8 of my original picks beaten by the weather in round 1, I decided to back Robert Allenby and Retief Goosen as well as lay Sergio Garcia mid round yesterday.
My lay on Sergio isn’t looking like the brightest move at the moment as he remains favourite but I just don’t understand why he is favourite. He played in the best conditions yesterday, isn’t putting well at all and yet is being backed because he is Spanish!
I backed Goosen at 48 and laid at 11, so I have a nice riskfree bet on him. I backed Allenby at 34 in the middle of his round and passed on the opportunity to lay off at 16 last night as he was tied in the lead. He’s now dropped a few shots this morning, so my opportunity to lay is probably gone for the moment.
Out of my original picks, I have Anthony Wall (£5 at 650) and Noren (£5 at 520) both inside the top 20 overnight, so I’m hoping one of these two may keep me in with a shout over the weekend.
Overall, I’m maybe looking at a red £150 position on the field excluding my picks due to my insanity in laying Garcia when he was +3, but it’s still early days and one thing I’ve learnt about golf is that it can swing around quickly.
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