Feedback request: Love to hear about traders daily routines

[welshtrekker]

I have become curious about trader activity after doing the horse racing markets for many months now, mainly about how other traders here manage their day.
I would really like to hear about how your day goes.

Do you spend a lot daily (£500 to £1000 daily) to earn a small profit or wait only for very high value races?
Is your edge sharp enough to guarantee an income of a certain variable amount weekly?
Do you just trade on certain days?
Do you threaten anyone who disturbs your trading (are you VERY absorbed??)

And anything else around targets, etc.

I trade most days. Sometimes a few hundred pounds or more for small profits in a day, other days the profits are better on less as I do not bet on every race (I have my selection process), and I also have losing streaks. Some scary losses. I only bet level stakes, bols to those staking plans like loss recovery - and other fast trips to poverty. But that is me, you may be different, have an angle.

How about you?

[LeTiss]

I trade 7 days a week, but very rarely touch Horse Racing.

My returns per day on average equate to 3.23% of my bank (after commission, but before other deductions). It means I roughly win my bank level each month

I'm a manual trader, I don't use automation to trade, but use bots to identify opportunities, rather than automatically place bets

I live on my own, so have no problems with being disturbed, unless it's some Indian called Adam who phones me on a regular basis to tell me there's a virus on my computer

[Euler]

Do you spend a lot daily (£500 to £1000 daily) to earn a small profit or wait only for very high value races?
Is your edge sharp enough to guarantee an income of a certain variable amount weekly?
Do you just trade on certain days?
Do you threaten anyone who disturbs your trading (are you VERY absorbed??)

(1) I try and put through as much as I can each day (when I'm working). I'm confident I can make money so I just focus on getting as much through at the lowest risk.

(2) Yes, I know pretty much how much I will earn. But it's variable and seasonal so I never go into any week with any sort of expectation I just trade what is in front of me.

(3) I trade most but most of my focus goes into the later part of the week and the weekend.

(4) With a gun

I never personally set a target as all markets are different and rise and fall like the tide so it's no good going in deep if the tide is out as you will drown when it returns.

[megarain]

Do you spend a lot daily (£500 to £1000 daily) to earn a small profit or wait only for very high value races?
Is your edge sharp enough to guarantee an income of a certain variable amount weekly?
Do you just trade on certain days?
Do you threaten anyone who disturbs your trading (are you VERY absorbed??)

1. I expect to lose, a yrs wages on horses. If there was a Bet Angel version, with it blanked out of the index, I would pay extra for it.

2. If I just trade my specialist subject, I could retire. But, its boring, and u get stories meeting people, backing them, and generally doing your money.

3.I have 5 mths of the yr, which are extra good. The rest, are either losing, or break-even.

4. I have 4 kids, 6 dogs, 3 cats .. and nothing distracts me.
if it does, I wave a credit card at it / throw a biscuit, or put the tap on (cats like running water, like a crack addict)..

[Euler]

[Mr Jerry Twig]

I never personally set a target as all markets are different and rise and fall like the tide so it's no good going in deep if the tide is out as you will drown when it returns.[/quote]

Is the above a reference to a Warren Buffet quote "Only when the tide goes out do you discover who's been swimming naked"?

[Euler]

Not really, I'm just saying that if you look for the sea it's a moving target so if you search for it when it's not there you will get caught out when it comes rushing back in. Better to just deal with what's there. If the sea isn't there, you missed it.

[Euler]

I probably came up with that analogy as I'm watching the sea tthe moment

[SeaHorseRacing]

It is very true what you say Peter. From my perspective I used to really struggle with loses in which all went down trying to make opportunitys. Still ocassionally happens you see that large order and you jump on it. When really the price is not going anywhere.
It really is a skill to take what you see rather then try to make something happen that doesnt exist.