Hey all…. mental week for me this week, been a real rollercoaster after a really solid week or so last to a hectic time of it of late. The markets are starting to feel really empty to me now, its not something im enjoying to be honest. Maybe that will change over time should i find some new edge to combat it, its highlighted for me lately how in the summer and the peak of the flat im probably quite capable of making good money but i need to adapt alot more and find my feet for other situations.
So… the bomber eh? as many refer to him, if you trade the horses alot you’ll already know what im on about but the mystical punter with far far to much cash to throw up the wall gambling that likes to use betfair has made a guest appearance of late, its becoming increasingly tricky to deal with im finding as his tactics change so often and when they do it can either make it or break it for you! I think im probably about evens on him in all, mainly due to going in for near enough my whole bank earlier in the week just for him to withdraw his money and leave me up shit creek without a paddle… fun times! lol.
Anyway all in all its coming b ack to the same things again and again im finding, having been recording my results and biggest loss or total losses accumilated each day theirs a obvious pattern occuring… a big loss, usually followed buy a few small ones leads me down the garden path to disaster…. here’s what i mean – for the period of 10th Oct – 16th Oct my Total profit was £418.82 after losses, however i accumilated £304.61 worth of losses. For the period of 17th Oct – 23rd Oct My total profit was only £120.33 but my total losses were £632.28 ….. just says it all really dosent it, amongst that there was a -£140 -£93 and a -£52 which all started an enevitable loosing spell…… i think this is what needs working on if any, i mean unlike a new edge its something i can change right now if im careful…. Its worth noting though the -£93 was the bomber taking his money out and leaving he high and dry!
Hi caan following you with interest if you don’t mind me asking did you suffer big losses when you first started trading.
Hi Grant, sure i think for the vast majority its inevitable in the beginning, if you go back in the blog you will see