The races seemed to be more scalpable today than yesterday which helped to grind out some wins but there were still a fair few swinging markets. I feel as though I am improving in analysing how races will move in swinging markets but perhaps not backing myself on the big swinging markets. There is a tendency for races that have 1 or 2 clear favourites to have lots of swings represented by the long term graph. The market will oscillate if it has already oscillated and will tend to carry on coming in if that is what it has done already. These long term graphs give the flavour of the markets future and I often felt silly for not trusting my initial instincts because instead of minimizing losses I would be maximizing gains in the closing of trades.
So important advice to myself from the last two weeks is discipline, wait, and have confidence in my own predictions.
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About Me
- firedave
- Hello! I'm David and have embarked on a new plan to trade for a living - I like a challenge! Since graduating in 2004, I've been working as an IT Consultant and am now hoping to put those skills into use and develop my trading capabilities. Looking forward to the journey...
Links of interest
- Adapt & Survive
- Betfair Analytics
- Blog of Tim Ferriss
- Cash or Crash
- CRM blog
- Edgehunters
- Free Under Over Soccer Picks
- Full-time Traders Mindset
- JS' Betfair Journal
- kokoooooooo
- Mind Games
- My Sports Trading Journey
- Peter Webb blog
- Probability Theory (Peter Webb)
- Productive Firefox
- Professional Gambler
- Scraping a Living
- Sports Betting News
- Toytrader
- Trading Tennis
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