Hello All,
Long time lurker on here, first real post I've made.
Would appreciate some advice if anyone is happy to share, please.
Have been trading pre-race for the past 3 and a half years.
Around 12,500 races in that time. I (think I) have a fairly good read of what is happening in the market the majority of the time, my green vs red trades for the past 3 months have been averaging around 63%.
One of those months I had a small profit, the other two months have been losing. Needless to say my average loss on those months were greater than my average win.
I have had issues with my discipline over the years, going in play on occasion and blowing up though have not had any huge problems with this for a while. If I make a bad error now I e-mail myself to explain what I did, why I did it and what I should do to eradicate this in future (sounds bonkers, but seems to help).
To hopefully compliment my time on the ladders, I keep a hand written diary/journal, I exercise before trading sessions, I screen record all of my trades and keep records. I listen to a lot of trading podcasts, read the forum, read books and of course have watched hour upon hour of Peter's YouTube videos.
I am convincing myself that the road to profitability isn't too far away and have a real purpose behind wanting to do this, I am just wondering if there is anything else I am missing and whether it is just a matter of being a bit more patient?
Any advice or feedback would be gratefully received.
Thanks,
Billy
Trading Pre-Race Help
Hi Billy
Welcome - to be a rock and not to roll - viewtopic.php?t=23699
You’ve recognised a lot of the ingredients in your post.
Gaz
Welcome - to be a rock and not to roll - viewtopic.php?t=23699
You’ve recognised a lot of the ingredients in your post.
Gaz
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
There's a dozen or more ways to trade/bet so don't get hung up on forcing yourself to do what you thought might work. I had a similar story to yours but after 18 months I figured that was enough, so I binned everything and started a fresh with a new method. Six months later it was working well and that was about 5yrs ago. All I regret is banging my head on a brick wall for so long because I was trying to copy other people rather than doing my own thinking.
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Cheers Gaz, I've read this in the past but it is well worth revisiting. Thanks.gazuty wrote: ↑Wed Feb 01, 2023 3:11 pmHi Billy
Welcome - to be a rock and not to roll - viewtopic.php?t=23699
You’ve recognised a lot of the ingredients in your post.
Gaz
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- Posts: 4
- Joined: Sat Aug 25, 2018 12:43 pm
Cheers Shaun, the head banging definitely resonates.ShaunWhite wrote: ↑Wed Feb 01, 2023 3:37 pmThere's a dozen or more ways to trade/bet so don't get hung up on forcing yourself to do what you thought might work. I had a similar story to yours but after 18 months I figured that was enough, so I binned everything and started a fresh with a new method. Six months later it was working well and that was about 5yrs ago. All I regret is banging my head on a brick wall for so long because I was trying to copy other people rather than doing my own thinking.
Thinking about your reply maybe a better question in my original post would have been "what tipped you over into profitability?"
that’s a great comment ShaunShaunWhite wrote: ↑Wed Feb 01, 2023 3:37 pmAll I regret is banging my head on a brick wall for so long because I was trying to copy other people rather than doing my own thinking.