Wednesday, 30 July 2014

Breaking The Rules

I'm going to keep this very brief as I am extremely tired after a manic day and week at work, thank the lord that's over with. I broke the number one rule tonight. Don't trade when your tired. I did, and I lost. Nothing major but a confidence killer that I should have avoided. The second to last race was a £4 red that was annoying because I could have taken a £3 green at one point. More lessons relearned hopefully.

Bed!

Richard

Tuesday, 29 July 2014

Yet Again More Mistakes

Back in familiar territory this evening with more silly mistakes. Well I say more, it was only one really which dented the Betfair account to the tune of £9. The most annoying thing was I was trying something new to relatively small stakes but it went wrong extremely fast. I admit I was slow in getting out, but at least I did get out and took the red. These are the risks involved with going in play as anything can happen and things can move against you rapidly.

The good news is I made a profit this evening, albeit a small one. If I can just cut out these medium to big reds my profits would go through the roof. I'm a 'glass half full' kind of guy and I always try to take the positives out of any situation. Tonight I made well over £10 trading only a handful of races with the only negative being the big red that wiped out most of it. Not to worry, tomorrow is a brand new day and my last shift for a fortnight I'm happy to report. Holiday time and I can't wait! Although my work is not too mentally demanding it is tough physically and that does take it's toll over three twelve hour shifts. It must have an affect on the trading as I do feel knackered on an evening after I sit down.

Here is the profit for the evenings racing.



Another early night as it's a 5am start in the morning. Over the next week or so I'm going to tidy up the blog and get rid of some old blogs that have folded and put up some new and interesting ones that I have come across over the past few days. If I can work out how to I'll try put a picture up of the new office as well.

By for now,

Richard

Monday, 28 July 2014

Treading Water

Only managed to trade a few races tonight and was down a few pence. An early £4 loss cost me tonight and all I was ever doing after that was grinding it out for a draw. Once again I probably would have been better leaving it tonight after working a 12 hour shift but no harm done in the end. My execution was off tonight as was my decision making, which can only be put down to tiredness.

It's a very good reminder that if your not totally on the ball with the trading you can get into trouble and you won't always be able to dig yourself out. I'm finding increasingly difficult to not trade and have a day off. I suppose the addictive nature of winning is taking over a little but that's not a bad thing.

I need an early night so I'll keep this short tonight. I'll leave you with the unexciting figures.

Richard