Trading Diary

[Halliday]

SHR Do you not just trade manually on the ladder? How many trades did you do today?

Simply nothing whatsoever I could do.

Samething yesterday happeded were it was practically a break even and I am proud because it only led me to compounded anoter two -£2 losses aftwerards.
But it happened again. lol. I dont understand why the SP isnt working properly. I couldnt risk it not getting matched, I did the right thing twice.

Yes I trade manully but I like to do abit of back to lay but taking sp and the must be making up for 50% of my lossess at the moment.



Only a handful of races today will post a screen shot latter.

I really would just stick to one way of doing things, the one your most comfortable with, and trade just one type of market.. keep things simple
I would have thouight trading manually on the ladder is the most straight forward

[SeaHorseRacing]

After getting caught on the horse racing sp again!! And getting caught from everything possible, I have traded ok today.
Not concerned as although I lost yesterday too doesnt really reflect my trading only that pretty poor trade that ruined the day on Tuesday.
Really drilling into my feelings and how I feel, why I feel that way.
80% strike on the greyhounds over 50 races traded so fairly pleased about that, still massive room for improvement.

[Halliday]

After getting caught on the horse racing sp again!! And getting caught from everything possible, I have traded ok today.
Not concerned as although I lost yesterday too doesnt really reflect my trading only that pretty poor trade that ruined the day on Tuesday.
Really drilling into my feelings and how I feel, why I feel that way.
80% strike on the greyhounds over 50 races traded so fairly pleased about that, still massive room for improvement.

Nice to see you made a profit . But yesterday and your previous day's does reflect the way you trade . And I would urge you to pay attention to your overall win percentages ... Because as I said based on that and your trading patterns you are kidding yourself if your think your improving ... And as other posters have said trading with a £50 bank cannot in anyway recreate trading with larger sums . And to make the living you expect you will have to push thousands the the markets to get the ROI you need

I think you should also heed what other posters have said on your trading poll thread and here .. And stop posting your P/L . I'm sure there are those on here who are wondering why you posted you greyhound trades . But not your horse racing ones . And why your even trading greyhounds . Bearing in mind you lost you original higher starting bank doing them . Your in a no win situation whatever you do now

You did say you would consider not posting if you didn't get 10 votes( you got 8 ) . And to be honest there wasn't much appetite for that poll

I'm sure whatever you say... you traded greyhounds to redress your loss on the horses . You only started trading them as you started losing on the Horse racing

You would find things so much easier if you didn't post or discuss your profits or losses ( there is reason for doing it ) and concentrated on learning to trade effectively ... And ask for advice and concentrated on trading correctly rather then worrying ( you did say the posts got yo you ) about this thread



Remember . We have been here with your " profitable day " before and then things have gone wrong . And you've haven't been going two weeks yet

Well done but ... Hope you heed everyone's advice otherwise and act on it

[SeaHorseRacing]

After getting caught on the horse racing sp again!! And getting caught from everything possible, I have traded ok today.
Not concerned as although I lost yesterday too doesnt really reflect my trading only that pretty poor trade that ruined the day on Tuesday.
Really drilling into my feelings and how I feel, why I feel that way.
80% strike on the greyhounds over 50 races traded so fairly pleased about that, still massive room for improvement.

Nice to see you made a profit . But I would still pay attention to your overall win percentages ... Because as I said based on that you are kidding yourself if your think your improving ... And as other posters have said trading with a £50 bank cannot in anyway recreate trading with larger sums . And to make a living you expect will have to push thousands the the markets to get the ROI you need

I think you should also heed what other posters have said on your trading poll thread and here .. And stop posting your P/L . I'm sure there are those on here who are wondering why you posted you greyhound trades . But not your horse racing ones . And why your even trading greyhounds . Bearing in mind you lost you original higher starting bank doing them . Your in a no win situation whatever you do now

You did say you would consider not posting if you didn't get 10 votes( you got 8 ) . And to be honest there wasn't much appetite for that poll

I'm sure whatever you say... you traded greyhounds to redress your loss on the horses . You only started trading them as you started losing on the Horse racing

You would find things do easier if you didn't post or discuss your profits or losses and concentrated on learning to trade effectively ... And ask for advice and concentrated on trading correctly rather then worrying ( you did say the posts got yo you ) about this thread



Remember . We have been here with your " profitable day " before and then things have gone wrong . And you've haven't been going two weeks yet

Well done but ... Hope you heed everyone's advice otherwise and act on it

Lol- I just took a screenshot from a 12 hour day at my screens. Its like I cannot win, there was nothing purposely selected on it, it just happens that was the screen of my P &L and greyhounds happened to be on the first page. If you check yesterdays screenshot you will see i messed up on my horse racing and made a profit on my greyhounds but I took a picture of my horse racing. I lost more on the horse racing yesterday. Nothing deceptive intended.

And so what my greyhound trading has made me feel good about myself and I am feeling positive from it.

I have made it prevalent throughout that my reasons for using £50 is to find out why I tick, why i did this- why I did that. I appreciate you taking the time but currently I have no worries or any thoughts about putting thousands through the markets.
My objective at the moment is simply to know why is it so difficult to trade with a small bank. Is it greed in me?
I think you have misread some of my posts,
I am not sure about others but go down your local bookies with 50p in your pocket... sit there and bet lets say 5p on a handful of races. Lets pretend you have 35p left. the shop is about to close for the day but there is one race left. Now how many people will say... its just 35p I stick on the next favourite or what ever.
In my view using such a small bank is ever harder for me personally. I am teaching myself to sit at my desk and after a terrible day have the discipline to pick myself up and move forward.

That is a very good question... did I start trading the greyhounds because I had a bad day.
It could well be the case. I have been trading the greyhounds on practise mode for a very long time in the evenings with pretty good success and real mode but not just not the last week. I think when I lost my bank the other week wasnt because it was a greyhound market, it was because of the moment and how I felt. It wouldnt have made a difference if it was a horse racing market or football market. How I dealt with the situation was the reason for losing the money.

You are probably right about redress the red on the horses and so thats a great thought to think about but again looking back in hindsight I did ok on the horses yesterday and did ok today. It just happened that a few things held me back.

I really appreciate your comments but I have been trading for 14 months, I know what my long term strike rate is and it feels as though your trying to kick me down.
At the end of the day I buggered up two days on the trot and I had the composure to pull myself together and kick on in the greyhound markets on both days.

There will be variables in strike rates and I am really not concerned.
Its the middle of the winter, the markets can go from extremely volatile to pretty decent in a matter of a few races. If you loo back at the weekend on my screenshots that was were the racing was quality and a much better view of strike rate.

Saying about putting thousands through the markets, when racing is poor like some currently at the moment, No one is really putting thousands through the markets or making decent money. Again look back onto my weekend results and see the difference.
However, I would expect to make some money during the week.

You say about weve all had profitable days and then things have gone wrong. My post clearly says there is massive improvement, yes I am pleased with how I kicked on but I am trying to improve. The second you think your great is the second you get pulled with your pants down.
I am satisfied with how I handled my day but its just 7 quid.

I heed on everyone advice if I can reflect and relate on it but some I do have to disagree with.

I am starting to appreciate your direct questions though. Some I find quite negative, harsh and way out from the truth however you have asked some good questions.
So thank you.

[SeaHorseRacing]

Its only a toal of about £10, so I will call them. thanks. Yes my liability was over the minimum.

If you go to your betting history section on the website you can get the betID's to check the bets were over the minimum limits. Just go to betting history and select Lapsed bets from the bet status dropdown box to get the bet details.

If you're betting in small amounts and auto offsetting bets rather than manually closing they may be being submitted in chunks rather than whole bets. Always quicker if you give cust servs the BetID's and it'll save a red face if they are under the limits.

Thanks for that, although that may be happening, some races are matching me at sp even when below the liability or stake...

[dannycutts]

You will find you cannot please everybody... I was documenting everything in a diary and those reading some loved it some hated it... no matter what I was doing it was wrong... even when I made some good consistent profits I was call irresponsible...

Anyway, now I document everything but I dont publish it as such... its a lot simpler... I may every now and again do an update but frankly I was only doing it to motivate me and a way so I can go back and watch my trades...

I personally would not waste a massive amount of time trying to defend and stick up for people that time is better spent learning and improving

But also dont try and trick yourself into making improvements... proof is in the stats and if the stats are pants then you need to look at why...

I use to hate taking time away from the trading screen and now it really does not bother me

Good luck buddy but concentrate on making this work and not the people who are questioning you

[SeaHorseRacing]

You will find you cannot please everybody... I was documenting everything in a diary and those reading some loved it some hated it... no matter what I was doing it was wrong... even when I made some good consistent profits I was call irresponsible...

Anyway, now I document everything but I dont publish it as such... its a lot simpler... I may every now and again do an update but frankly I was only doing it to motivate me and a way so I can go back and watch my trades...

I personally would not waste a massive amount of time trying to defend and stick up for people that time is better spent learning and improving

But also dont try and trick yourself into making improvements... proof is in the stats and if the stats are pants then you need to look at why...

I use to hate taking time away from the trading screen and now it really does not bother me

Good luck buddy but concentrate on making this work and not the people who are questioning you

Thanks for the post.
The thing is if I change and did everything everyone tells me I will just go round in circles. One thing I have really learned is just because you lost money today doesn't mean you don't have an edge.
I am reshaping myself again and had a pretty bad day the other week and I am sticking at what I think is right.

I agree uploading a diary can be tough to take and I am fully aware I can't please everybody.
It is motivating me and although frustrating me some comments are really making me think so I try to stay as open as I can. Difficult by am trying.

[ShaunWhite]

Lol- I just took a screenshot from a 12 hour day at my screens.

12 hours !!! I'd be amazed if anyone, even Peter, could sustain peak performance for that long.

Mental tiredness will cause your brain to revert to level 1 thinking just a the time you need your higher level processes to be firing and burning in good behaviours.

Our hyper effiecient body will always try and use as little energy as possible and higher level rational thinking is massively draining and one of the first sub-systems that gets switched off when other things need dealing with. We can't even think and control our physiology effectively at the same time, that's why you can die from lack of sleep.

When you trade into your 10th hour, you think you're thinking but your brain's only telling you that because it actually has more important things to do, like some pretty fundamental maintenance. It's like when you're watching telly at the same time as talking to a boring girlfriend on the phone. She thinks your yeses and nos are thought through, but you are just giving a best guess answer because you want to watch the match.

[ShaunWhite]

SHR, what's your goals for your earnings/hours?

Now everyone can say I'm deluded, but personally at my stage in life, the target for next summer and beyond is ...

To work 10 mo/yr, make 2k/mo worked, from 20 days, with 4hrs active trading + 1hr 'other admin'. That's a £4.16/race annual avg. Varies hugely with season, meetings/festivals etc obviously.

That's equivalent to a real job that pays £30,600 for a 25hr week and 9 weeks off. Result=Life of Riley.

I plan to do this by doing 1 (one) thing, really really really well, like a Ninja If I can't learn just one thing, one narrow speciality, well enough to earn £4 from it...I quit because I'll have proved I don't have the temperament, so learning thing#2 or 3 would have been time wasted.

If all is good, then in 2018 I'll think about starting to add some automation, or other sports to have the life of Riley's slightly better off mate. 2019, pension unlocks and I might keep doing this, but somewhere cheaper, hotter and with better food, that's if David Davis hasn't started a war with continental Europe.

Sorry if people found this posting irrelevant beyond the 1st line, mine often are.

[LeTiss]

Getting the balance right is tough, something which I openly admit I failed in

I've mentioned before here, the thing I admire most about PW is not his trading returns, it's how he's managed to maintain a healthy relationship with his family at the same time. I became a bit reclusive, and detached myself from virtually everyone to make this work, as there was always something to trade on.

However, I had moments where I hit a wall and suffered temporary burnouts, so you need balance with trading

[SeaHorseRacing]

SHR, what's your goals for your earnings/hours?

Now everyone can say I'm deluded, but personally at my stage in life, the target for next summer and beyond is ...

To work 10 mo/yr, make 2k/mo worked, from 20 days, with 4hrs active trading + 1hr 'other admin'. That's a £4.16/race annual avg. Varies hugely with season, meetings/festivals etc obviously.

That's equivalent to a real job that pays £30,600 for a 25hr week and 9 weeks off. Result=Life of Riley.

I plan to do this by doing 1 (one) thing, really really really well, like a Ninja If I can't learn just one thing, one narrow speciality, well enough to earn £4 from it...I quit because I'll have proved I don't have the temperament, so learning thing#2 or 3 would have been time wasted.

If all is good, then in 2018 I'll think about starting to add some automation, or other sports to have the life of Riley's slightly better off mate. 2019, pension unlocks and I might keep doing this, but somewhere cheaper, hotter and with better food, that's if David Davis hasn't started a war with continental Europe.

Sorry if people found this posting irrelevant beyond the 1st line, mine often are.

I don't particularly have any earning goals other then as much as possible and over 15k a year. But there is no pressure to do so until April. I am student too which is only 4 morning a week and I am finish by lunch time which involves riding horses 3 days a week but December is quite and won't be back in full swing until January.
My plan is to do much less on the markets eventually, I am just utilising my time while I can.
As we swing into the summer I have my exams but they fit perfectly as racing starts much latter and obviously I will have summer holidays off. Another 3 years of studies and hopefully when that's finish I can start my new chapter.
I am taking a week off on the 19th so looking forward to that.

I think your targets are very realistic.

[SeaHorseRacing]

Getting the balance right is tough, something which I openly admit I failed in

I've mentioned before here, the thing I admire most about PW is not his trading returns, it's how he's managed to maintain a healthy relationship with his family at the same time. I became a bit reclusive, and detached myself from virtually everyone to make this work, as there was always something to trade on.

However, I had moments where I hit a wall and suffered temporary burnouts, so you need balance with trading

Your right about the balance and it is something I will work on. I am just really pushing at the moment and try to make some real progress.

Yep I can relate to that the other day I was pretty burnt out, I am hopeful that when it really starts to pay I will take a step back but I don't know how I will react.

[to75ne]

Yep I can relate to that the other day I was pretty burnt out, I am hopeful that when it really starts to pay I will take a step back but I don't know how I will react.

you cant afford to burn out. your trading will go to the wall.

burnt out = very bad trading. you will trade by emotion and nothing else.

you have got to stop and have a decent break from trading if you are or close to burn out

[Halliday]

"I don't particularly have any earning goals other then as much as possible and over 15k a year. But there is no pressure to do so until April. I am student too which is only 4 morning a week and I am finish by lunch time which involves riding horses 3 days a week but December is quite and won't be back in full swing until January.
My plan is to do much less on the markets eventually, I am just utilising my time while I can.
As we swing into the summer I have my exams but they fit perfectly as racing starts much latter and obviously I will have summer holidays off. Another 3 years of studies and hopefully when that's finish I can start my new chapter.
I am taking a week off on the 19th so looking forward to that"

I do hope you start taking on board what a lot of posters are saying about the amount of time you are spending trading. And whether this diary is really the way forward .. it will not benefit you either in the short or long term.

I suspect it relates a lot to the "gambler " in you.. The fact you started trading greyhounds on days that were going to end in a loss was a big warning sign

You can use trading software , do a diary ..post P/L and talk about trading strategies and goals and emotions etc .. To think your trading . But actually your gambling and using it to convince yourself your not

And that trait as been repeated through your posts
Along with all the instances where you've lost money, blown your bank, had a bad day, trades gone wrong ... Your never seem to accept the " real reason " why this is happening to you,
You say you are changing and " controlling your urges " and learning
You'd had a long day the previous day .. I would have much more faith and belief that you can achieve your goals if you had accepted your loses yesterday and stopped after the racing . Rather than trade twelve hours .. It really was so telling

Check the goals you set out in your first post and see how they've changed . And how you've convinced yourself why they've changed . Again very telling about your character

Re your observation that that Dec markets are poor .. Certainly no worse and in many instances far better than a lot days racing in the summer where there are so many meetings and small fields and the liquidity gets diluted ...I'm sure there are many putting a lot of money thru on a daily basis to make a small profit ... And the fact that you state your better at the weekends because if the markets a complete red herring in regard to the markets with the stakes your using.

There's a huge reality check needed posting your P/L and talking about your "trading day" doesn't mean you can trade .. Talk the Talk . Walk the walk as they say ..very rarely do you ask questions about trading strategies or "the nuts and bolts" and simple things which can make a huge difference

As I say I m not sure how this diary is helping you .. I suspect its making you do things you might not do if you weren't posting ... And certainly heaping more pressure on you

I do hope you can be honest with yourself

I hope you have a short and successful day's trading with a relaxing evening !!

[ShaunWhite]

I am student ......

I'm not sure about the others on here, but I've been 'playing' with odds/markets/trading/betting/city trading etc for almost 35 years. I recognise your youthful enthusiasm but sadly in this walk of life, knowledge is a poor relation to experience.

Go ahead and do things your way if you wish, I hope you succeed, but try to be humble enough to realise the advice you get here has been aquired over literaly hundereds of 'man years'.

It's a very well trodden path and the best routes are clearly signposted; it seems so futile to approach it with just brute force and a 'can do' attitude.

Try what works, because I doubt very much that you'll find a new way.