Archive for September, 2009

Great day in profit

September 7, 2009

Today I traded a few races, and today I was really careful about not to enter the market when I wasn’t sure about the movement.

I only had one losing race, it could have been a winning race it was a question about hedging one tick lower, if I had BTE it would have been a small profit.

I’m starting to see that all important consistency. It’s nice to see all your hard work is paying off, and it’s not just time wasted looking over week old markets. I’m so thorough with my analysis I can only study 2-3 markets/day so I’m glad it’s not time wasted.

I’ve decided to try and trade a little each day, like 5-10 races. Don’t mind the total P/L for today it’s just a matched bet.

pl 7 sep

Feeling like I’m getting somewhere

September 5, 2009

I’ve started to see patterns in the markets, and I feel like I have better understanding of the markets. I’m doing a rather intense research of the data I’ve collected, and it is really paying off. I usually trade a little after I’ve studied a while, so I get to use the knowledge I’ve aquired from the data.

Since I have a somewhat better understanding of the markets now I see myself switching from only scalping to swing trading. If you have a good idea of what’s going to happen you might as well swing trade as it will give the best profit.

I broke my personal record today, on one race I got a profit of 20.3% of my stake. I’m happy with a profit of 10-20% of my stake per race so now I have to focus on being consistent with those kind of figures.

Funny enough, when I traded today focusing on swing trades I’ve had fewer and smaller losses on the losing races, so I’m certain this new turn of events is the right way to go.

Been a little flaky the last few days

September 3, 2009

It’s been a while since my last post. I’ve been busy with matched betting, I’ve completed the signup bunos on two bookmakers right now I’m waiting for the withdrawal to complete before I start with the next one.

The reason I’m mostly doing matched betting is that I’m waiting for BetTrader Evolution to be released. I’ve done some tennis trading the last few days, it went well for a while with a technique I thought of myself. I was dkk 4000 in profit on a match, but because I know absolutely nothing about tennis the matched ended before I could hedge. Imagine how it feels, not to lose dkk 4000 but to know you could have had dkk 4000 if you had just pressed the hedge button.

All these things have made me even more determined to succeed at prerace horseracing because I think every race is more or less the same, the same factors make the market move etc.

I may look at other markets until BTE is released, but I’ll most likely do some more matched betting.