Today's Horse Racing

[switesh]

maybe you are also getting better at reading the market?

Very mixed on that. My P/L's very volatile (like a Kemp Hcap), especially the 'L'.

I can see a few obvious patterns, but pre-mature Entry and delayed Exits are my failure points. Of-course, I can see some of these errors in retrospect when I do my review at end of day, but they aren't apparent during the trading session through the course of the day.

[gutuami]

yesterday we had only one class 6 race in the first 20 races of the day. All were class 5 and 4.
Today only one class 4 within the same first 20. All others 5 and 6. The "manipulator" is to be expected at those with lower odds. It seems he's working this week

[L.o.S]

Very mixed on that. My P/L's very volatile (like a Kemp Hcap), especially the 'L'.

I can see a few obvious patterns, but pre-mature Entry and delayed Exits are my failure points. Of-course, I can see some of these errors in retrospect when I do my review at end of day, but they aren't apparent during the trading session through the course of the day.

I get this, I've started videoing my trading and talking out loud, feels a bit mad but it's helping see why I keep spotting what's happening but implementing it poorly.

[Euler]

This evening looks fun, some good quality at Sandown.

[LeTiss]

I get this, I've started videoing my trading and talking out loud, feels a bit mad but it's helping see why I keep spotting what's happening but implementing it poorly.

I used to do that, it's not as daft as it sounds

I used to record the videos for myself, not for others on YouTube. I found it most useful to listen to my descriptions of what I was seeing and why I was about to make this particular trade.

It highlighted my mistakes very quickly

[steven1976]

Just don't start answering yourselves back lads.

[gutuami]

very tricky today

[Euler]

Yeah, I tweeted earlier that I didn't fancy this afternoon at all.

[redtra]

After a break I thought I would have a days trading with a new found (hopefully)grasp of ebbs and flows, ups and downs, entry and exits. No such luck! Now my bank is back to square one and it's left me wondering whether it is rocket science after all and totally beyond me. Time for another break I think!

[Euler]

Today had bad written all over it. You are welcome to prod me for an opinion on each day if you wish. I wouldn't beat yourself up if you struggled today.

[barlorca]

People, you should all know by now "if your gut say no, don't do it" I speak from numerous experences when I didn't follow what my gut said and was it costly.

Older ,wiser and initially poorer, now if I have a gut feeling I follow it and stay away.

I'm not always right, but my when my gut gut feeling kicks in I follow it.

It sometimes costs me in lost profits, but what the hell.

[Iron]

People, you should all know by now "if your gut say no, don't do it"

Very true - better to be out of a trade wishing you were in it than the other way around...

Jeff

[redtra]

Today had bad written all over it. You are welcome to prod me for an opinion on each day if you wish. I wouldn't beat yourself up if you struggled today.

thanks euler, i wouldn't mind your opinion on the days trading before I start. It's a relief to know it was a bad day to trade because i had a few good trades but some very odd bad ones...which didn't make any sense and cost me. One was coming nicely in for hours but didn't move much, then suddenly drifted before the off, true prince in the 3.50 at thirsk. It looked like it should have been a really good trade. This was my first,it put me off for the ones that followed as i was sure i had an idea what it was doing. The others looked weak but they still came in for some reason.

Looking back over the day, it seems as though the bad trades affected my confidence in selecting any additional trades and I exited those far too early... also traded too many!

Other races were all over the place too. What a day!

[Groovyelms]

I took the day off yesterday having traded 13 days in a row... and felt I needed a break.. looks like it was a day to miss anyway..
If you feel that yor confidence is low it is going to be tough...
I always start the day with small positions just to try and get into step with the markets then increase stakes later as I settle into the day. A small loss or profit early on seems to help get into the trading mood..

luck to all Groovy

[redtra]

I took the day off yesterday having traded 13 days in a row... and felt I needed a break.. looks like it was a day to miss anyway..
If you feel that yor confidence is low it is going to be tough...
I always start the day with small positions just to try and get into step with the markets then increase stakes later as I settle into the day. A small loss or profit early on seems to help get into the trading mood..

luck to all Groovy

that is a good idea...i will try doing that too since the first trade or two do seem difficult...thanks