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Sounds good, good luck with it. Nice layout, I just lay on the settee with a laptop on my chest,
cheers, MC
cheers, MC
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I can't wait until I can do this without concentratingOriginally posted by Morgans Choice View Post
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Today's results: 28th July 2016
OK, so not a good day. I seem to be getting worse here. I was doing so well earlier on in this challenge, but I seem to be messing up on stupid mistakes. I seem to keep getting caught out by dramatic swings that go against me and rather than cutting my losses, I simply stay in and hope it comes back. Silly, I know.
I have been thinking of trying out some greyhound racing for £2 stakes. I have got scalping down pretty well, however I need to understand swing trading if I am to move forward. More to the point, I need to be able to know when a swing might be coming then I can tell the difference between a slight blip or movement and something that will keep heading out.
Markets traded: 15
Starting bank: £151.68
Total profit: -£12.64
Avg profit per market: -£0.84
ROI: -8.33%
End bank: £139.04
I think I am definitely too focused on scalping when I should also understand swing trading. Time to brush up on my skills.Comment
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The next step
I have just downloaded some video software so that I can record and play back my trades so that I can analyse fully where I am going right and wrong. It's silly because I know already, however watching those errors back might push me that step further.
Here's hoping
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Today's results: 3rd August 2016
Wow, what a day. I decided yesterday to plan in advance when I am to be trading, rather than just decide on the day. It really paid off. When I woke I knew that I had a good session planned in the afternoon which allowed me to prepare mentally for it.
Half way through I could feel myself getting tense and worried about losing trades and money. So I decided to take myself off for a walk which definitely helped.
Markets traded: 18
Starting bank: £200.14
Total profit: £30.70
Avg profit per market: £1.70
ROI: 15.34%
End bank: £230.84
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set up looks good mate good consistency as well, whats your stake?Comment
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I put together this tier plan for building my bank, dropping down the % by 2 every time I double my trading bank. However I seem to be getting nervous so I might drop the % slightly.Originally posted by bmj1491 View Post
That said, I've been doing no training and all my trading sessions have been un-planned. So I need to put some effort into that, which should allow me to prepare myself mentally before each session.
Everyone is different I guess. Hope this helps though.
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Today's results: 4th August 2016
Found myself going in-play on the first few races so I decided not to trade. Was pissed off with myself for doing so. However after that I wen't and blew £30 on slots without even thinking about it. That's just as bad as going in-play. What the **** was I thinking?
Markets traded: 4
Starting bank: £230.84
Total profit: £9.31
Avg profit per market: £2.32
ROI: 4.03%
End bank: £240.15
Will I ever take this seriously?Comment
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i was doing the same when i started out i used to get bored between races and played stupid exchange games in between then i stopped visiting betfair games when trading and started watching youtube videos in between races this one is my personal fav lol https://www.youtube.com/watch?v=snpV6awcBPo watch videos if it floats your boat or look at patternform.com it has lot info about how horses ran etc you can workout in play angle with it if you plan to back or lay something before the off and trade out in play
ps girl in green is my fav lol cheersComment
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I don't think it's boredom. It's when I lose money or takes risks that I know I shouldn't have, my mind switches to gamble mode. Over time I will learn to fade this out of my system.Originally posted by bmj1491 View Post
Nice suggestions bud
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Quick go at the dogs
I thought I would give the dogs a go. I think it will be a great way to not go in-play.
In fact it is completely different in that if you don't keep an eye on the time, it will have you good and proper. I was doing well aswell hahaha. Ah well, at least it wasn't from going in-play on purpose. Note to self... keep an eye on the time.
That said, I have worked out a couple of areas I was going wrong last time.
1) not looking at forecast prices beforehand.
2) trading too many dogs at once.
Going to concentrate primarily on the dogs today with the odd horse race in-between.
Happy trading everyone.Comment
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Good to see you are trying the dogs.. its a bit frantic aint it lol!
liquidity in the evening races seems to be a bit poor most of the time. quite often only about £1000 matched with about 2 minutes to go.
how is it in the afternoon races?Comment
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~Another bank blown~
Yes, you read that right. Yet another trading bank gone. Managed to get £50 up to £240 in a matter of weeks. Then in three races I blew the lot. I am one of the 95%!
WHAT A ****ING LOSER!
The thing that really, really pisses me off is that I know that I can do it. Very disappointing with myself.Comment
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did you got caught in play on dogs mate? you need to listen to radio while trading as sometimes races go off before the time ive lost 500+ in 1 year when it went off before actual timeOriginally posted by Leeroy View PostComment
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