Well, what a week it’s been…
For me, this week has been a bit of a whirlwind. Unfortunately, I’ve had a lot of personal stuff going on outside the world of Betfair trading, which meant I missed a big chunk of Royal Ascot. These things are bound to happen from time to time, though. Thankfully, I managed to make the most of the last day, and it turned out to be a pretty good one. Arguably, the break away from the markets might have done me some good!
The biggest mistake of the day came in the 15:40 when greed got the better of me. I managed to turn a monstrous result into less than half of what it could have been (seen below). Scalping with big stakes can mean you get caught out sometimes, which is part and parcel of trading, I suppose. Still, it’s pretty frustrating when I’d already missed so much of the week!
To me, the markets felt a little more skittish this year, particularly closer to post time, compared to what I remember from previous years. There are various theories as to why things change, but one noticeable trend—if you were watching Betdaq this year—was the apparent increase in “hedge money,” possibly from bookmakers on course. It’s something I’ll be keeping an eye on at Goodwood as well. Thinking back to Cheltenham, things were much the same, although that’s not unusual for the festival.
Here are a couple of Ascot posts from previous years— Ascot 2013 – Ascot 2014 —which might be of interest. The one about trading personalities is still pretty relevant.
For now, it’s time to let my hair down and grab a well-deserved beer while the sun’s out. I hope you all had a good one!
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