Saturday, 2 May 2009

Week 01 Result - Loss of £86.22

Well, Week 01 is now over for me, and unfortunately I have not been able to post a Green, which, although disappointing is not a major, as it is only the first week. So, what happened? What went right and what went wrong?

Going through the trades, the main points were as follows;

I traded 150 races (no significance in the number, that is just what it worked out)

I was successful in 59% of them, which to me, is the biggest disappointment

Longest Winning Sequence - 10 races
Longest Losing Sequence - 3 races, though I did in that particular spell get 5 out of 6 wrong

My biggest win was £60.11 on a swing trade.

My biggest loss was £40.49, which was due to a bad trade going in-running. I could bleat on about how I was caught out by the last minute withdrawal of the 2nd fav as it wouldn't go in the stalls, but at the end of the day, I should have redded up sooner, and once it had gone in-running, I decided to let lady luck get involved. The quick way to the poor house I know. Lesson learned - again!

My other big losses were £18, £20, £28 & £31, and these were all sustained in the bookmaking option on Betangel, in what I thought were competitive handicaps. Two were due again, to horses being withdrawn at the last minute, and two were down to drifting favs and 2nd favs where I didn't close out till the damage was done. I didn't go in-running, but it seems I have a lot to learn on the particular feature. The size of these losses meant, that although I did have more winning trades than losing trades in the 150, the losers were of course bigger hence the £86.22 loss on the week.

My plan for next week?
Well, I will trade 6 days again, but the days will not be full days, i.e. 13:30 - 20:30, as I just don't have the mental stamina at the moment, and I'd rather not trade than be worried that I'm too tired to trade, but the stamina will come, with practice. I'm sure.

Emotion? - Well, it's been difficult, particularly when I had that bad run, losing in 5 out of 6 races, that was a little hard to take for an hour or so, still, it happens I guess, but it shouldn't, I need to get better than that.

So, not starving yet, but if I am to make a living in the den, then I'd better improve my stats a little, and eliminate some of these costly mistakes.


  1. Good luck, mate. I'm in the same boat as yourself and just trying it to break even at the minute. Hope all goes well

  2. Hello mate , well done on your blog so far. I have added your link to my blog which I have started and I was wondering if you would do the same.

    Thanks and Regards