Today's Horse Racing

[DoubleDon]

There is no worse feeling than absolutely nailing a race then in the last 60 seconds doing something stupid that wipes away half of the profit that you have just spent the last 5 minutes building up

Funny you should say that, that is one of my biggest flaws which I am working on. My first trades a pretty good, patient, discipline focused. win or loss after the first trade its the next I bugger up in the same market.
Working on this.

Is it really a flaw or is it just the way you're perceiving it because it's your last trade of the day?

What I'm sayimg is are you doing anything different in that last trade (chasing/playing up profits?) just because it's your last trade of the day? Sometimes it's very easy to see thing in finite periods , like days ,weeks etc when the reality is you should be lloking in terms of maybe months or years.

I think he's talking about trades in the same race regardless of time of the day.
FWIW I have struggled with the issue of early trades in the market being good and then I mess it up but quite simply at the moment I now aim to be out of the market at a certain point before the off. Sure, I miss opportunities but at this stage of my 'career' I'd rather play safe as I learn.

[DoubleDon]

Is Newcastle ( All Weather ) a particularly difficult market to predict,just looked at a few of the races today( mainly top three runners for volume)and the odds have seemed to go up and down over quite a range with some sudden spikes.
Has Newcastle always been like this, I know there used to be quite a draw bias over certain distances, but apparently they have done some work to the track to level things out,
And the consensus now seems to be that you could run most of the races over again and again and get a different result

I've not been trading long, never really struggled with Newcastle until yesterday though.

[Bluesky]

so far since I started this I have lost 10k maybe a bit more, I would love to just do one 75k back and lay for say somewhere between 7 and 14 ticks.

Please be careful, I am sure the idea of getting your 10k back in just a couple of trades sounds very appealing but the chances are you will probably lose even more. The people that move the markets on the exchange with big money are not stupid they know exactly what they are doing. If you start trying to do the same thing I suspect you will end up in a world of hurt.

If you have not already done so, spend a few hundred on some trading education from PW or someone similar, then use small stakes until you are making consistent profits. Scale up and eventually you will have your 10k back and can carry on making money.

Sounds simple I know, and if only it was that easy, but I think this is a better option to get your money back rather than trying to bully the markets with large orders and ending up losing even more.

[dt888]

I agree with Bluesky

If you havent been able to make money with whatever stakes you have been using, to try using stakes of that size to get it back is a very bad idea

Dont do it

But good luck if you do, i think you will need it!!

[Euler]

There is no worse feeling than absolutely nailing a race then in the last 60 seconds doing something stupid that wipes away half of the profit that you have just spent the last 5 minutes building up

Try exiting before the last minute. There is so much hedging and other activity in that last minute that can throw things out. You could be hanging onto a trade for too long. Every trade has an upper limit.

[dt888]

Thank for the advice Peter

I tend to be very aggressive when im in a lot of profit but much more defensive when in a small green or a red.

Occasionally though I overstep the mark and go from aggressive to silly and as you say the last 60 seconds is a dangerous time to be doing that.

Something for me to work on

[Euler]

If it's any help I dump a lot of profit late on, but often it swings the other way. But I'm usually in deep profit at that point so I'm willing to take more risk at that point and that's why it happens.

[SeaHorseRacing]

Would a premiership football match be played in dense fog?

[LeTiss]

Would a premiership football match be played in dense fog?

I watched an Italian match once, and that was even Foggia

[SeaHorseRacing]

Would a premiership football match be played in dense fog?

I watched an Italian match once, and that was even Foggia

Do you mean you were trying to watch an Italian match once?
Maddness not complaining as I want the racing to be on but really make me laugh.

[ShaunWhite]

Would a premiership football match be played in dense fog?

Isn't the point of the game/race simply to find the winner? Whether anyone can see it or even be there to see it is largely irrelevant.

[Crazyskier]

Would a premiership football match be played in dense fog?

I watched an Italian match once, and that was even Foggia

Do you mean you were trying to watch an Italian match once?
Maddness not complaining as I want the racing to be on but really make me laugh.

LeTiss. I fear your humour sailed right past most of the eyeballs hereabouts

[cyxstudio]

There is no worse feeling than absolutely nailing a race then in the last 60 seconds doing something stupid that wipes away half of the profit that you have just spent the last 5 minutes building up

Funny you should say that, that is one of my biggest flaws which I am working on. My first trades a pretty good, patient, discipline focused. win or loss after the first trade its the next I bugger up in the same market.
Working on this.

happens to me too but i am worse i screw things up then rage bet in play and lose more...

I think there is an explanation to this. You observe the race early on and traded well, during the last 60 sec its less about the built up & market reacts towards on track activity which you might have missed out or slow to catch on so you miss anticipate, then sometimes there is some huge gamble as well.

[Dallas]

This will be fun

[Euler]

Winner matched in the last at Haydock at 32 as it crossed the line. Nobody knew who had won, they had to wait for the horse to return to the paddock.