My diary of consistency... Hopefully!

[Leeroy]

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 time

It was a couple on the horses which I tried clawing back with piss-take tactics. It was destined to fail with those maneuvers.

[bmj1491]

It was a couple on the horses which I tried clawing back with piss-take tactics. It was destined to fail with those maneuvers.

you gotta change that habit mate or youll keep blowing banks with that mindset, you gotta hate losing money more than winning money

[D-Angle]

I'm a complete newbie to trading so take as much or as little of this on board as you want, but I have read through your diary from the start and these are my thoughts, I hope they help.

- You are making money when you scalp horse markets, so do that. The other markets are tempting you and they are markets you don't have the experience of yet to go into and consistently make money. Leave them alone for now and concentrate on getting better at what you are already good at.
- Training mode could potentially be your best friend. You are obviously keen to dabble in other markets and strategies, and training mode will help you learn them, and to find out if you have gained an understanding of those markets. Also, if you're distracted by other opportunities or your head goes into gambling mode, it will let you get it out of your system. Don't spend your bank on experiments, keep them separate from your actual money until they are proven.
- Are there any opportunities for you to trade when you are away from home, in your downtime? This would solve the family distractions. I noticed that you tried trading in the hotel bar, could you have done that in your room where there would be less distraction?
- I think you are getting close to having a routine that works for you. To me, from what you have written, that would go something like this: Select your races and plan your trades the night before, write down your thoughts before you start, make sure you're hydrated (you're right to think about this, it makes a huge difference to your wellbeing), and then do your trades.
- On writing down your thoughts, consider doing this by hand rather than typing. It has been shown that we mentally absorb things we write down by hand far better than anything we type. I have a day-to-a-page diary next to me when I trade and I use it as a reflective journal, it's very useful to refer back to.
- When you pre-select your trades, stick to them. If it's not on that list, you're not trading it.
- Whatever edge or strategy you are employing, type it out, print it off and stick it up in front of you. If what you are doing doesn't closely resemble that, stop what you're doing and re-assess. Consider taking a break or leaving it for the day, because if you are off-plan you are trading at random with no prep, and that only ends one way.

Good luck chap.


Justin

[Leeroy]

I'm a complete newbie to trading so take as much or as little of this on board as you want, but I have read through your diary from the start and these are my thoughts, I hope they help.

- You are making money when you scalp horse markets, so do that. The other markets are tempting you and they are markets you don't have the experience of yet to go into and consistently make money. Leave them alone for now and concentrate on getting better at what you are already good at.
- Training mode could potentially be your best friend. You are obviously keen to dabble in other markets and strategies, and training mode will help you learn them, and to find out if you have gained an understanding of those markets. Also, if you're distracted by other opportunities or your head goes into gambling mode, it will let you get it out of your system. Don't spend your bank on experiments, keep them separate from your actual money until they are proven.
- Are there any opportunities for you to trade when you are away from home, in your downtime? This would solve the family distractions. I noticed that you tried trading in the hotel bar, could you have done that in your room where there would be less distraction?
- I think you are getting close to having a routine that works for you. To me, from what you have written, that would go something like this: Select your races and plan your trades the night before, write down your thoughts before you start, make sure you're hydrated (you're right to think about this, it makes a huge difference to your wellbeing), and then do your trades.
- On writing down your thoughts, consider doing this by hand rather than typing. It has been shown that we mentally absorb things we write down by hand far better than anything we type. I have a day-to-a-page diary next to me when I trade and I use it as a reflective journal, it's very useful to refer back to.
- When you pre-select your trades, stick to them. If it's not on that list, you're not trading it.
- Whatever edge or strategy you are employing, type it out, print it off and stick it up in front of you. If what you are doing doesn't closely resemble that, stop what you're doing and re-assess. Consider taking a break or leaving it for the day, because if you are off-plan you are trading at random with no prep, and that only ends one way.

Good luck chap.


Justin

How did I not see this? Many apologies for the delay. I have been using this thread: http://www.geekstoy.com/forum/showth...g-For-The-Rent

Huge thanks for the input. Newbie or not, it seems like you are an intelligent person and someone who might be ideal to trade. How long have you been doing this? Do you trade any sports in particular or are you trying them all to see which suits your style best?

[D-Angle]

How did I not see this? Many apologies for the delay. I have been using this thread: http://www.geekstoy.com/forum/showth...g-For-The-Rent

Huge thanks for the input. Newbie or not, it seems like you are an intelligent person and someone who might be ideal to trade. How long have you been doing this? Do you trade any sports in particular or are you trying them all to see which suits your style best?

I dabbled a couple of years ago and lost a fair amount of money, but it has always been at the back of my mind so have been cramming with as much knowledge as I can for the past year, mostly just using training mode until I'm more confident that I am making actual decisions and not just acting randomly. Football interests me most and I am trying to focus on the Championship as my team plays there so it's a division I already know a fair bit about and it has decent money in it. I am trying the horses too but at the moment when I make money I don't know why, which I am trying to fix.