Looking at a new strategy and there may be some promise with this. BetFair graph reading, entry points are still the same but exit points and especially when to take the exit is my emphasis at the moment. I can get a high percentage of moves correctly in the past but the occasional wrong move would put me disproportionally out for the day (or month!) Having previously decided what my maximum loss for a single race is I can make sure to cut any losses before they become big. The issue with this is a lot of profit can be cut in choppy, more volatile markets. Today I made sure I was out of all markets before 10 seconds before the off and had a happy, no heart attack day of trading. Yesterday's trading went well although overall the P&L was -£1. Today was positive and is re-enforcing the new attitude. As I have indicated in previous posts, if I can get the consistency which must be from the discipline then this may have a chance of working. I'm a long way off at the moment, but understanding that is at least a rung on the ladder!
Happy trading! :)
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