Daily Loss £17.11
Not sure why, but I didn't enjoy today at all. I traded on 15 races, only winning on 6 and losing on 9. If it wasn't for 2 decent wins at the end of the day, I'd be posting up a £30+ loss which would have been disapointing.
I really struggled to get in the zone today. I don't think I was ever there to be honest. I seemed to be on the end of some sudden price movements which I struggled to understand, but that's no excuse. Pretty annoyed with my performance overall and after a good day yesterday, I've let half of the profit go in one day.
I'll get a little break from the horse-racing trading now as I'm at work for a full day tomorrow again. My next day's trading should hopefully be on Saturday, so I'll look forward to that.
My Tiger Woods lay this week is my only bet on the golf. I've laid at 2 and I'm looking to bail out at around 2.5 for a £65 riskfree profit on each other player if Woods doesn't win. Fingers crossed!
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3 comments:
Very dangerous strategy. There's only one player in the field that you won't be able to lay and then back later at a profit, and that is most likely to be Mr Woods. You are playing with fire.
Thanks for the advice again Cassini.
I know I'm maybe playing with fire but it's a calculated risk. I feel the upside risk is much greater than the downside risk when Woods is trading at 2 before the tournament starts.
Time will tell.....
It's all about value Graeme. Woods trading at 2.0 is actually good value since he is winning over 50% of PGA tournaments these days. It's very risky hoping that he will have a bad enough first round to lengthen by very much, but good luck anyway.
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