Good christmas

Not much trading lately because i am very busy with one project.
Next year i will start with a lot of motivation again. I have great goals.
I talked with a lot of people and im gonna start trading horses instead of greyhounds because i think i got the basis from greyhound trading and it will reach one point that you cant evolve more. It's difficult to win more then 100 €  daily in greyhounds. It takes a lot of experience and hardwork.So i can apply that hardwork right now in horses and you have more margin to evolve because liquidity is bigger but competition too. So instead of keep evolving in greyhounds im gonna change to horse racing now. I still recommend to start  with greyhounds to create some good habits with this trading style.
I am liking a lot this kind of trading style (pre race). Once you get consistent with hard work and study its easier to stay consistent.  
So i will continue this challenge but for horse racing now.


good trades guys

Trading session 16-12-2011

Hello guys. Not a great day today because i did not find a lot of consistency today. A lot of ups and downs.
Im going to review tomorrow these 8 trading sessions and talk about mistakes and more things.
After 8 trading sessions im 114 € in profit. It's a good start.

good trades
r9

Trading session 14-12-2011

I did not trade today because was very sick and had to go to the hospital but im ok now.
Yesterday session

Getting better - good trade

Black dots are entry and exit.
Trading a 2nd favorite. I have been trading 2nd favorites a lot and it's really easy to profit most of times. why? Because i know some decent patterns when the favorite price is going down and i can say that i spot it 70-80 % of times right. Its just a question of doing a lot of races and you will start noticing patterns.

good trades

Trading session 13-12-2011

Hello guys,

good day today. Overall was a consistent day and only have some negative points like for example:
I got frustrated one time because i lost 1 hour work profit when a guy decided to back a horse from 8 to 4!!! with a single entry and the market stayed there. I was a bit frustrated, so i made a break and stayed positive because one day im gonna be the one manipulating like that if i continue evolving like i have been doing.

Tip
Its always good to have water near you because if you get dehydrated you will have less patience.

I traded with 5 € stakes but with normally two stakes involved. I think im going stay with this stake profile for some time because im really getting consistency with it.
Don't forget that evolving in trading is all about learning with errors and keep moving foward with perfect money management.

good trades
r9

Trading session

Hello guys. I didnt trade last saturday because i had a project discussion for today and had to review some things.

Traded today with 5 € stakes because i didnt trade greyhounds for some time and we must start slowly always.
Made a lot of errors and was -3 € after some races. Made a break and comeback with more focus and with a different attitude.
My main error was entering too soon in trades in the race and get burned with people with more experience. So after that slow start i just entered when there was 2-3 minutes left and markets were balanced.
Im noticing some hedges but its not easy.
Im scalping favorites with some consistency but not doing very well on big odds horses.

My tip today is for money management
If you have some troubles with money management (greed) take all the money that you win daily out of betfair and start the next day always with the same money. The objective here is to avoid emotions and start a consistent routine. More money = more emotions.

good trades
r9

Next session @ next saturday

Have been talking with a lot of people that trade greyhounds and have some new ideas to test.
Some of the ideas:
- Test one hedge that i developed reading charts.
- create profiles for races and apply different strategies for different profiles.
- Instead of using a bigger stake, using the same stake at different moments.

send me an email if you want to talk about trading
good trades
r9