As always, January is rather bleak when it comes to pre-race horse trading, mainly because liquidity within the markets is extremely limited.
It does afford me the opportunity to relax and focus on other areas though, tennis being one of them and website development another.
Here’s a quick overview of what’s changed recently:
Not so long ago there was a huge update to the pre-race trading guide. The response was really positive. In turn, this has led to a few other developments. I mentioned one here in this recent post, but now there’s another. Aside from the guide itself and the examples included, there’s a handful of starter videos to help you get set up before venturing into the market. You can even download my Geeks Toy profile. As always, this comes at no extra cost to current subscribers. If that’s you, log in to check it out this month.
Aside from the balancing act that is website and product development, trading and family breaks away, this month’s been quite relaxed. Obviously, you may have seen the ‘lay bomber’ for want of a better term, within the horse racing markets, as I pointed out on twitter recently when he lost £44,000 in one hit.
If you’re new to trading, you’ll probably find this time of year a little bit more difficult. It may even prove a little confusing. Particularly, if you’re trying to scalp a few ticks the betting markets. This is largely down to reduced betting, liquidity and flow of money within the horse racing markets, which is, of course, a by-product of poorer quality racing with the less public interest. Quite frankly, there’s not a lot you can do about it apart from reducing the stakes, ride it out and remain calm and consistent. Something that most new traders find extremely hard, especially when you’ve just experienced some jam-packed markets over the festive period.
For myself, over time I’ve learned to focus on the bright spots. Working hard on the things that do work for me and chilling out when they don’t. I remember in the earlier days driving myself up the wall in frustration, trying to trade harder or larger stakes in this type of environment. To do so is foolish. There’s a limited amount of opportunity from each situation. Sure, there’s huge amounts of money available right now. However, in comparison to the rest of the year, it’s only logical to expect a downturn in results. After all, we’re trading money in the markets. So if there’s less money available, there’s less profit to be made.
Relax. Don’t let it bother you…
Related: Pre-Race Trading Guide