A good week in some ways, in so far as I made a small profit, though the profit was scattered as I had a dabble on the rugby, football and greyhounds (as well as my mainstay - the horses)
The greyhounds I found very difficult to trade as the prices seemed all over the place and the active time so short (less than 2 mins to the off before anything really starts to happen, and trends very difficult to spot)
The football I was bobbins on as I traded eight matches and called six wrong, so an auspicious start there. Rugby league - played two won two, but liquidity was very low, so the jury's out on that one.
Horses, of which I traded 68 races, yielded a profit of £68 - A £1 a race - which therefore has a lot of room for improvement. Biggest issue as always is that I take my profits quick and let my losing trades run longer. Bit like selling low and buying high :-), opposite to what I should be doing, so work to be done. Not quite got my head around the stop losses yet, as invariably when I use them, the price recovers and when I don't use them the price continues to go the wrong way. (now where have I have I heard that before) I'd be interested to know how many people use automatic stop losses so maybe I'll start a little poll.
My edge? - well I did stick with it, hence the reason I only traded 68 races, though I did do 6 afternoons and 4 nights on the horses, it's just that in all the other races the opportunity I look for didn't materialise. Having said that, I did try another little strategy and as yet the jury's out on that one too as I had mixed results. So, into a new week, I know more than I did last week, and slowly slowly is the plan, hopefully in the right direction and hopefully in a better mood than I was last Monday (hence my rather depressing post).
1 week ago