Monday 4 October 2010

Been a wee bit!

Bank: £545

Haven't been able to past for the past few weeks as i've had a few job interviews and managed to land a side job to keep the money ticking in, good hours for trading though 7am-3pm.
Have only traded properly the past few days. Averaging a profit of around £30-40 a day. Nearly all of this has been pre-horse race trading. However i've been dabbling over the past few days with two things.
One has been a little strategy i've been playing around with for certain football matches. Have managed to have 8/10 profitable trades, over +£10 for 15-20mins work. Then the other two trades were one scratch trade managed to get out for a loss of 1p! And the other trade was one of the first trades i was trying, managed to lose £8 pound. Apart from that i have been tweaking it here and there to suit my style of trading and at the moment its looking pretty stable. So will keep trying that out to see how it goes!
The other thing i have been trying is in-running horse trading. I have done this before, but didn't really research the stats of the horse and was basically chancing my luck. I've started keeping track of a few horses, mainly front runners. I basically take 5-8 minutes before the race to go over the horse's stats. I only choose races with between 5-10 runners, as this lets me check all the horses stats before the off. If i'm happy to go ahead with the trade, i will back the horse @ the highest odds i can get and then depending on the length of the race (a few other factors) will place a lay order in where i see fit and will keep this trade for the in-play market. Also i only choose races that i can watch just encase i see that the horse is playing up in the gates etc, so i can cancel the trade. This has been going pretty successful for me so far. With 6/7 horse's i chose today managed to get me a profit.
Anyway off to work in the morning but will be trading on a few races after 3pm.

Hope everyones trading is going superdooper. Will try my best to update this daily.
Ciao

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