It’s been a busy few days and I haven’t had a lot of time to trade unfortunately.
Work has been pretty quite though, which turns out to be a bit of a gift. It’s given me time to follow up on something I’d almost forgotten about. Reading the last chapter of trading in the zone!
I almost completed the book previously although never got around to reading the last chapter, so after drinking many brews and just generally doing things to fill up the time I thought I may as well have a read… thank god I did!!
In my opinion the last chapter is the best, by far! I feel like I had a small ‘aha’ moment, partly linked to my previous trading methods. In the last chapter of the book Mark Douglas tells us it’s a good idea to go about completing a little trading exercise. I can see that, over time, it will have a direct impact on confidence and having a winning attitude, so this evening I thought I’d give it a crack.
I recorded my results over a sample of 20 trades, made in 4 races… the results were as follows;
(P = Profit, L = Loss, S = Scratch)
L, S, P, P, P, P, L, P, P, P, P, P, P, L, P, P, P, S, P, P
I was quite shocked at the overall results. It’s a small sample I know but it seems there really is something to this… maybe by trading mechanically like this is the way forward for a while.
Overall profits weren’t as up and down as they may usually be which is a good sign, but I guess I’ll have to carry on with this for some time before I know for sure how effective it is!
Total result was £31.70…… a healthy average for 4 races for myself (at the moment). Evening racing seems to suit my style that little bit more. I’m not a 100% sure why, although I put it down to less funny business and more genuine moves? The price action does seem to trend that bit smoother.
This month is turning out to be a real turning point for me mentally…. long may it continue whoop whoop!
Related Article: Simple Horse Racing Trading Strategies