Todays washout at Perth made it an awkward day for trading. The remaining races were poorly scheduled from a trading perspective and I found it really difficult to get into a steady flow and it showed in my results.
There is a mix of good and bad news to report:
On the good side I am remaining very disciplined and accepting losses as they arise - redding them up before the off and not taking any in running so far. I have to say it has worked wonders for the stress level! Also I am winning a higher percentage of races than I am losing = about 60:40 split at the moment.
The bad news is that my overall losses are higher than my wins which means I have to be more disciplined with ny stop losses which I only use selectively.
However I am still finding my feet again and there is the odd experimental tactic that I have tried - mostly unsuccessful. Tick sizes started at 20p but I have readjusted this to 40p even though I havent started to increase my book size yet. Book is down 6% so far so nothing to panic about and for my first month of full time trading (starting 10th August) I am only looking to break even.
Best Betfair trading competition ever!
8 years ago
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