Didn't really work out... 4 races... £30 down the pan... and that's 40% of my bank gone.
Not a problem in the big picture, and was unlucky with the timing, two of the horses were put out the race by other horses obstructing them, and two just didn't run well and gave me no chance to scratch... but as I don't top up my bank I can't risk any more of it...
I'm going to have to go back to small stakes to build it back up again.
That won't be until tomorrow as trading after a 40% loss is not a good idea...
Another day I could have been £30 up at this point...
On the plus side it's now beer o'clock
4 selections to trade big in one day, that's definitely going some Cran. Personally I could never do that because i believe the opportunity to go big doesn't come along every 5 minutes as stated in previous post. It all comes down to the selection process for me personally but sometimes things just don't pan out how we think they will. I throw away 95% of my big selections and exercise more patience and allow the opportunity to reveal itself. It does work for me but again that's what i'm comfortable with. Eg june 2010 I had 65% of total worth at that time on workforce. A big number by any gamblers standards but was convinced the numbers were correct. As it turned out they were. I abandoned him for his next race due to what I saw at epsom then went 18% at longchamp because the numbers made sense. Take syt this year on him 10.5% in the eclipse, and just over 10% on cirrus (against syt) at ascot. I had other plays inbetween obviously but the real pat on the back for me was the patience. Doing the groundwork for loads of selections, hoping they were my next big step forward only to throw these selections away either totally or play them small via different means. I receive advice over some of my selections from a bloke I met at the races and for that I'm eternally grateful and in many respects I trying to emulate him even by a small percentage. And conviction combined with patience were the two most important attributes he taught me. Having said all that you are correct. Everyone has to operate within their own comfort zone and we all know where that lays.
ReplyDeleteSoz about the loss tho. Diffucult when losses are big but in the long run they might just open differnet avenues.
Keep your chin up
luckynumberslevin
Yeah until the In Running I've always had a different approach to trading.
ReplyDeleteI've been looking for edges based on probability and/or arbs where I can make small profits 1000's of times and ideally automate it.
And I've had some success with that.
But the in running is different and your approach is possibly better if I can improve my knowledge of horses, as I haven't found any system for In running that works by following a set of rules, all I've found is ways of selecting horses that should shorten in price if they get a good run.
I'm getting better at reading the races and being able to profit from the times it goes well.
I know that over 20-30 races I'm most likely to be in profit when I'm comfortable with the stakes, so it's just building that confidence as I build the stakes.
The bigger stakes will come...
Cheers!