50p to £5,000,000.25 Challenge

[shadowninja]

Well, I've lasted 2 days trading in-race on the ladder, listening to Timeform and taking a view of the main 2-3 horses. I open a position and hold.

Horse Racing / Taun 19th Jan : 2m1f NHF 0.04
Horse Racing / Ludl 19th Jan : 2m NHF 0.09
Horse Racing / Ling 19th Jan : 2m3f Hcap Hrd 0.04
Horse Racing / Taun 19th Jan : 2m1f Hcap Hrd -0.04
Horse Racing / Ludl 19th Jan : 2m Beg Chs 0.00 (I forgot to turn off tick offset so it backed then immediately laid )
Horse Racing / Ling 19th Jan : 2m4f Hcap Chs 0.06
Horse Racing / Kemp 18th Jan : 2m Hcap 0.03
Horse Racing / Kemp 18th Jan : 1m4f Hcap 0.03
Horse Racing / Kemp 18th Jan : 1m Claim Stks 0.14
Horse Racing / Newb 18th Jan : 2m6f Hunt Chs -0.05

[WhyAlwaysMe]

Is this a £10 to £10K challenge then???

[shadowninja]

I'm using 10p bets.

It's a 50p to £5,000,000.25 Challenge.

I may be a while.

[shadowninja]

As the degenerate gambler, eternal dreamer and obsessive forum poster, Lao-tzu, once wrote: A journey of a thousand miles begins with a single step.*










*-facts may be untrue. Your investment may go down as well as up. Don't lick yellow snow.

[shadowninja]

My long term vision is to sports trade from the VIP lounge of some bar in Ibiza while drinking piña coladas and squeezing some hot European lass's breasts.













Plan B is to lie about my results and set up a sports trading coaching service, write a few books and flip burgers in Epsom McDonalds. I will claim my trading office is in the home of racing, Epsom.

[shadowninja]

Ok, I have got a name for my system. The system I've got nailed is the Sniper High Intensity Trading System. I've got the Sniper High Intensity Trading System bad.

[shadowninja]

Horse Racing / Ling 20th Jan : 1m Hcap 0.00
Horse Racing / Catt 20th Jan : 2m NHF -0.03
Horse Racing / Chep 20th Jan : 3m Mdn Hrd -0.04
Horse Racing / Catt 20th Jan : 3m1f Nov Hrd 0.03
Horse Racing / Ling 20th Jan : 6f Claim Stks -0.09
Horse Racing / Catt 20th Jan : 2m3f Beg Chs 0.07
Horse Racing / Catt 20th Jan : 2m Hcap Hrd -0.10

Not so good yesterday. Was trying to watch too many horses. When you're listening to Timeform and getting all these different names then trying to find them quickly on the ladder, it gets a bit confusing.

[catweazle]

Watching the races and trading in same time isn't bad. If you start, it makes a lot sense to concentrate ONLY on the 3-4 horses you can seperate best with the race-colours. All other you should ignore unless you reached the experience of a long years race-caller

[shadowninja]

Thanks for the tip. I find I can just manage by listening.

Note to self: TURN OFF TICK OFFSET, YOU MONG. Scalped someone for 1 tick. Made £0. My trade woulda profited had it not auto-closed.

[shadowninja]

Horse Racing / Winc 21st Jan : 2m Nov Hrd 0.07
Horse Racing / Ascot 21st Jan : 2m3f Nov Hrd 0.05
Horse Racing / Hayd 21st Jan : 2m4f Nov Chs 0.00 <--- TURN OFF TICK OFFSET!!

Turned it on for trading football and forgot to turn it off for the Winc race but just managed to get another trade on.

[shadowninja]

Serious question: am I right that if I listen to the radio in-race and form an opinion then take a trade based on that, providing my "opinion" is correct, it's a long term winner for me? Or do I have no edge as people at the race track can take advantage of my bets in the long run?

[shadowninja]

Horse Racing / Kemp 20th Mar : 2m Hcap -0.01
Horse Racing / Extr 20th Mar : 2m3f Nov Chs 0.02
Horse Racing / Kemp 20th Mar : 1m Hcap 0.08
Horse Racing / Extr 20th Mar : 2m1f Hcap Hrd 0.05
Horse Racing / Extr 20th Mar : 2m1f Nov Hrd 0.05
Horse Racing / Sthl 20th Mar : 1m Hcap 0.01