"I'm packing it in!"

Daily Profit £111.47

Before I discuss tonight, I just want to say a massive thank you to everyone who has written a comment recently and in particular, for the 4 comments I received after my last post.

I’m going to reply to each of the comments tomorrow and I’ll do it on a post, so I’ll save my comments for then.

I managed to set aside an hour and a half to trade tonight and it’s been my first real night of trading for over a week. However, as you’ll tell by the daily profit and the title of the blog, tonight wasn’t a ‘normal’ trading night.

One thing I love about blogs is that people can write anything they want. I’d love to be able to say that I made over £100 profit tonight and it was a piece of cake but unfortunately, it wasn’t anything like that!

At 7.20pm tonight, Andrew came on MSN for a quick chat and my first words to him were “I’m packing it in.” I had traded 6 races, resulting in 4 losses and 2 break-even races and I was £83 down.

Taking into account the fact I’ve reduced my trading bank to £500, I had managed to lose over 15% of my new trading bank in 6 races and I was really, really down and annoyed with myself. I had backed 4 big drifters in these races and all 4 were not even in the first 3 home.

An example was in the first race at Newbury tonight. My opening play was £20 win at 14. My horse then started to drift. I ended up with £190 at average odds of 18. The horse was around 20 at the off and I laid off for a guaranteed loss of around £25 on the field and a small profit on my horse. The horse finished tailed off and I had managed to lose £25 in the first race.

I then had 2 break-even races before backing a horse at 12 which drifted to 28 at the off and this resulted in a £19 loss on the field again as my horse ran badly again.

2 more losses of around £20 meant that at 7.20pm, I was £83 down on the evening and thinking of stopping. If I had stopped then, I’m not confident I would have ever started again to be honest but I’m not too sure.

After a quick chat with Andrew and me bleating on about the fact I don’t know what’s wrong with my trading, I fancied the Henry Cecil horse in the 7.25pm and managed to do a quick trade to get me £19 riskfree on it. I didn’t lay a penny off and the horse won quite easily.

I then got a little riskfree bet on the Pipe hotpot and this gave me another £15 profit when it won.

Then came the defining moment of the night. It was 7.55 race at Newbury and I was very sweet on the Amanda Perrett horse. It had been backed from 20/1 to 4/1 on its debut but ran very badly. However, as I said to Andrew on MSN, horses from this stable are never expected to win first time out as a 3 year old and the fact it was well backed lets us know it is probably very decent.

It had been very steady at 12 all day and I asked for £50 at 13. I soon got matched and then sat and watched as it traded at 24! I put another £50 on at 22 and this meant I had £100 on at average odds of 17.

A horse was then withdrawn and after the Rule 4, I had £100 on at average odds of about 15. The horse was now trading at 17 and I was again looking at a substantial loss. Thankfully, others cottoned on the fact it was fancied last time and it was heavily backed down to around 12. I exited at 13 for a £190 riskfree bet at the off. I left a £30 lay at 2.5 and I won £145 as the horse romped home.

I had already said to Andrew I fancied one in the next and I managed to do a good trade to get a riskfree bet of £27 on it at the off. The horse was involved in a 2 horse battle about a mile from home and I managed to green up for a profit of £15 and I stopped there as I had to leave the house to pick up Denise.

In the space of 4 races over 40 minutes, I had picked 4 winners and turned an £83 loss into a £111 profit.

I joked with Andrew on MSN that I was going to write a blog post saying I had a 100% night and every trade I touched turned to gold and it was an easy £111 profit!

Clearly, I’ve got some major problems with my confidence at the moment and every trade appears to be turning against me. I was lucky tonight in the sense I picked 4 winners to bail me out of the brown stuff but I’m praying that I’ll push on from here.

Looking at my P&L tonight, I can see that I’ve past the £750 profit mark for the month which is absolutely amazing and I’m over the moon. It will be interesting when I look at the graph of my profit this month as I appeared to be heading for a £1,000 profit month quite easily before I went off the rails a bit but hopefully, I’m back on the straight and narrow now.

Thanks for all the support and I’ll reply to the recent comments tomorrow.