Trading carried on in a similar vein as yesterday. Managing to take good early positions and close out quickly. A few times the money went away from me I was sitting on the right side of it for once. Makes a change but I think these things even themselves out overall. My biggest loss on the day was a £4 bet I put on for a mate (he'll be coughing up later!) The interesting thing with that race is I tried trading it and ended up with 0. There were 2 horses that had a personal reference to him and neither came in the top 4.
I'm not trading the evening races today, as I am far too tired. I've learned from previous bitter experience that trading whilst tired is a recipe for disaster. Not only are you not in any good positions but your reactions become much slower and you're not as ready to change your opinion on what is good value. Better to be safe and sorry whilst the bank is growing. The main aim is to grow in confidence to continue to exit bad positions and keep taking good positions. All other times just be patient and WAIT!
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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
Labels
Blogumulus by Roy Tanck and Amanda Fazani
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