Bazbaz trading diary

bazbaz · 13th November 2009, 07:13 PM

OK so from tomorrow I will be posting results daily along with a description of the days events. Hopefully some will find it useful, I certainly do in terms of maintaining discipline and avoiding doing anything stupid, which is something that has been happening all too frequently recently! Feel free to post your own results or impressions on the days' trading, its always interesting to hear how others found the markets on the same day. Some people probably think I'm showing off doing something like this, but the truth is I'm a lazy bugger and not suited perfectly to day in day out concentration. The thing about trading is that you build your bank up quite slowly, but one mistake and the whole thing can come crashing down. When you rely on this for money you really need to be focused and protect your bank 100% of the time and this helps me to do that

bazbaz · 13th November 2009, 07:20 PM

I've been collecting some research materials recently to learn more about the racing markets, one thing I've got is snapshots of many bf graphs at different times in an attempt to become better at graph reading / technical analysis etc. I thought maybe it would be fun to post some graphs on here and see what people would predict would happen to each of the runners and why. Maybe we'll all even learn something.....

The following graphs are from the front 3 in a race at Pontefract with 3 mins to go before the off. Obviously you can't say for sure what you think will happen, but any ideas?? I'll post a later screen of the same race tomorrow so you can check your predictions. No prizes for the winner I'm afraid!

neeeel · 13th November 2009, 08:10 PM

I find it hard to know what graphs are going to do, but if I was going to do anything here I would lay the fav at 1.4 and look for a small swing out. I hate trading races where the fav is low odds tho.

Scalper · 14th November 2009, 04:02 AM

Nice to see you've moved over here, Bazbaz.

I enjoyed your old 'one month' trading diary.

Temujin · 14th November 2009, 04:27 AM

Gee, that first graph looks like a similar trend to my bank balance over the last week... :S Fair to suggest I have never been hit this hard in 4 years, every day..... :S

Talisman · 14th November 2009, 08:49 AM

Looking forward to the posts and screenies, and thoughts.

Not sure what you mean by "bank growing slowly when trading".. How slowly is slowly? $800 to $2k in 2 weeks your original bank x 2.5. Sounds about right to me?

Also, are you using BetDevil or TT to trade? Your screenshot is showing BetDevil loaded.

bazbaz · 14th November 2009, 06:05 PM

Quote:

Originally Posted by Scalper

Nice to see you've moved over here, Bazbaz.

I enjoyed your old 'one month' trading diary.

lol cheers scalper

Anonymous · 17th November 2009, 05:23 PM

Quote:

Originally Posted by bazbaz

OK so from tomorrow I will be posting results daily along with a description of the days events.

Still planning on daily updates? Not heard anything for 3 days hope you have been doing okay???

bazbaz · 17th November 2009, 08:06 PM

Quote:

Originally Posted by Anonymous

Still planning on daily updates? Not heard anything for 3 days hope you have been doing okay???

Dont do Sundays and mondays normally, these markets are poor enough at the moment without those days!

I got caught in play for the 105 loss you see. Tommorrow Im just going to trade very cautiously, it almost gets beyond a joke when you throw away more than your days money by one slip like that. For unforeseen reasons I needed some cash from my bf account so I started the day with a bank of roughly 480, now its 440, so..... tough times! I'm expecting better tommorrow though. The way the markets are at the moment using smaller stakes and being more agile might not be the worst thing in the world. I'm trading a little differently at the moment, more like when I first started actually. I think a lot of people will be finding it tough right now, being able to adapt may be necessary for some styles. They say winter kills off a certain % of traders every year. Certainly this is the time to at least be disciplined.

bazbaz · 17th November 2009, 08:14 PM

Forgot to say I'll post a new graph tomorrow

neeeel · 17th November 2009, 08:29 PM

I am finding it quite tough at the moment, too. Im glad( in a nice way of course, it means that theres hope for me) that someone who can make a lot of money is also finding it tough

Scumbag trader · 17th November 2009, 08:32 PM

I'm definately finding the winter tough. Profits are down, and i've drastically changed my trading style recently. I'm usually quite aggressive, i'm taking the more conservative approach now, and just accepting smaller profits for the day.

Glad to see you back baz, i really enjoy following your progress and very informative write ups, cheers mate

RonA · 17th November 2009, 09:00 PM

Looking forward to the new graph test I found the last one pretty informative tried using the betfair graphs to trade by today ( I usually just scalp ) got a few nice little swing trades £21 profit today which is good for me , I hope I can keep it going . I do find the last few races the large field handicaps frustratingly difficult to work out how to trade .
Thanks for doing the trading diary Bazbaz it's always a good read and I hope you don't get caught out in-play again , anyway I think it's probably my turn tomorrow .

jimrobo · 17th November 2009, 09:54 PM

had a mare today got spanked on one race and had a -150 and the rest of the day was a damage limitation exercise which is very annoying considering I am not trading this saturday and watching the rugby. Luckily I had a pretty big week last week but yesterday and today have been really really tough. masses of liquidity but the markets have just been strange, very strange. 20-30k bets coming in all over the place

13th November 2009, 07:13 PM	#1
bazbaz TraderTrader Join Date: Sep 2009 Posts: 1,183 Thanks: 558 Thanked 1,192 Times in 471 Posts	Bazbaz trading diary OK so from tomorrow I will be posting results daily along with a description of the days events. Hopefully some will find it useful, I certainly do in terms of maintaining discipline and avoiding doing anything stupid, which is something that has been happening all too frequently recently! Feel free to post your own results or impressions on the days' trading, its always interesting to hear how others found the markets on the same day. Some people probably think I'm showing off doing something like this, but the truth is I'm a lazy bugger and not suited perfectly to day in day out concentration. The thing about trading is that you build your bank up quite slowly, but one mistake and the whole thing can come crashing down. When you rely on this for money you really need to be focused and protect your bank 100% of the time and this helps me to do that

17th November 2009, 09:00 PM	#13
RonA Novice Join Date: Nov 2009 Posts: 20 Thanks: 111 Thanked 5 Times in 3 Posts	RonA Looking forward to the new graph test I found the last one pretty informative tried using the betfair graphs to trade by today ( I usually just scalp ) got a few nice little swing trades £21 profit today which is good for me , I hope I can keep it going . I do find the last few races the large field handicaps frustratingly difficult to work out how to trade . Thanks for doing the trading diary Bazbaz it's always a good read and I hope you don't get caught out in-play again , anyway I think it's probably my turn tomorrow .

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13th November 2009, 07:20 PM	#2
bazbaz TraderTrader Join Date: Sep 2009 Posts: 1,183 Thanks: 558 Thanked 1,192 Times in 471 Posts	I've been collecting some research materials recently to learn more about the racing markets, one thing I've got is snapshots of many bf graphs at different times in an attempt to become better at graph reading / technical analysis etc. I thought maybe it would be fun to post some graphs on here and see what people would predict would happen to each of the runners and why. Maybe we'll all even learn something..... The following graphs are from the front 3 in a race at Pontefract with 3 mins to go before the off. Obviously you can't say for sure what you think will happen, but any ideas?? I'll post a later screen of the same race tomorrow so you can check your predictions. No prizes for the winner I'm afraid!

13th November 2009, 08:10 PM	#3
neeeel Forum Addict Join Date: Oct 2009 Posts: 463 Thanks: 22 Thanked 130 Times in 83 Posts	I find it hard to know what graphs are going to do, but if I was going to do anything here I would lay the fav at 1.4 and look for a small swing out. I hate trading races where the fav is low odds tho.

14th November 2009, 04:02 AM	#4
Scalper Veteran Join Date: Sep 2009 Posts: 230 Thanks: 176 Thanked 123 Times in 61 Posts	Nice to see you've moved over here, Bazbaz. I enjoyed your old 'one month' trading diary.

14th November 2009, 04:27 AM	#5
Temujin Australian Cultural Attaché Join Date: Sep 2009 Posts: 1,530 Thanks: 493 Thanked 1,015 Times in 494 Posts	Gee, that first graph looks like a similar trend to my bank balance over the last week... :S Fair to suggest I have never been hit this hard in 4 years, every day..... :S

14th November 2009, 08:49 AM	#6
Talisman Member Join Date: Oct 2009 Posts: 51 Thanks: 14 Thanked 10 Times in 7 Posts	Looking forward to the posts and screenies, and thoughts. Not sure what you mean by "bank growing slowly when trading".. How slowly is slowly? $800 to $2k in 2 weeks your original bank x 2.5. Sounds about right to me? Also, are you using BetDevil or TT to trade? Your screenshot is showing BetDevil loaded.

17th November 2009, 08:14 PM	#10
bazbaz TraderTrader Join Date: Sep 2009 Posts: 1,183 Thanks: 558 Thanked 1,192 Times in 471 Posts	Forgot to say I'll post a new graph tomorrow

17th November 2009, 08:29 PM	#11
neeeel Forum Addict Join Date: Oct 2009 Posts: 463 Thanks: 22 Thanked 130 Times in 83 Posts	I am finding it quite tough at the moment, too. Im glad( in a nice way of course, it means that theres hope for me) that someone who can make a lot of money is also finding it tough

17th November 2009, 08:32 PM	#12
Scumbag trader Forum Guru Join Date: Aug 2009 Posts: 754 Thanks: 828 Thanked 304 Times in 154 Posts	I'm definately finding the winter tough. Profits are down, and i've drastically changed my trading style recently. I'm usually quite aggressive, i'm taking the more conservative approach now, and just accepting smaller profits for the day. Glad to see you back baz, i really enjoy following your progress and very informative write ups, cheers mate

17th November 2009, 09:54 PM	#14
jimrobo Web Strategy & Development Director Join Date: Aug 2009 Posts: 875 Thanks: 52 Thanked 173 Times in 102 Posts	had a mare today got spanked on one race and had a -150 and the rest of the day was a damage limitation exercise which is very annoying considering I am not trading this saturday and watching the rugby. Luckily I had a pretty big week last week but yesterday and today have been really really tough. masses of liquidity but the markets have just been strange, very strange. 20-30k bets coming in all over the place