Well, it has been a messy few days in more ways than one. It has been ridiculous.
This past Friday I had a complete nightmare while trading. It started well and looked promising, but then the infamous “Bomber” appeared and in one instance completely ruined me. I was high-stakes scalping in the market when he shifted the price from 5.6 to around 4.0 in under 20 seconds, taking all my stakes with it and leaving me almost £300 down on a single race. I was absolutely fuming.
The rest of the day went the same way and I finished about £50 down overall. I also made another mistake on the Tsonga match. Trying to learn tennis trading during this challenge was probably not my smartest idea, but I am determined to keep at it. These things rarely come quickly.
After taking a couple of hard hits from sharp price movement, I decided to take Saturday and Sunday off as I had a wedding to attend. It was fantastic, one of the best I have been to, although celebrating until 3:30am with the groom left me extremely hungover. Sunday trading was never going to happen. A wedding breakfast was planned, and considering the night before, staying away from the markets was the right decision.
By Monday, I still didn’t feel great and the racing cards did not look very exciting, but I managed to sit at the computer and trade the evening races. They turned out to be fairly decent. The “Bomber” showed up again, but this time his behaviour was more predictable as he repeatedly placed large bets on the favourite. That made the market a bit easier to read and profit from, which shows in my results.
Unfortunately, I made a costly mistake in the last race. I had become used to his pattern and placed a sizeable stake just before he removed his bet. The market went into chaos, as many traders probably expected him to drag the price further. The result was painful. Time to turn off the computer.
Ascot starts today and I am looking forward to it, although I have a lot of work to do if I am going to hit this £10k target. I can’t afford any more time off or drinking. I have probably been indulging a bit too much lately.
3 thoughts on “Day 11, 12, 13 & 14 – Hangover!”
Hi Caan. Yep it’s the ‘Indecisive Kamikaze Bomber’. Noticed the large lumps flying about but as you mention he/she/they sometimes just pull it from the market at the last minute and then it’s every man for himself. Every time it popped up yesterday it seemed to cause confusion as to whether he/she/they wanted it matched or not? It’s definitely either manipulation or someone with too much cash because most of the time they are matched they’re getting it wrong and doing their dough I think?
And remember, beer is made for drinking so sounds like you had a cracking time at the wedding!
No doubt you’ll smash into Ascot!
Cheers – Dave.
Hi Caan,
How often that “bomber” apears at the races?
Regards
Cheers dave, hope i pick up soon!!
Daniel, he has been about sporadically for the last week… sometimes its really helpful but others you have to be careful as it can be disasterous as you can see!!