Am I progressing or standing still?

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DodgyKnee78
Posts: 11
Joined: Thu Jul 29, 2010 5:23 pm

Hi Everyone,

I've been trading pre-race horse markets for about 5 months now and wouldn't mind some feedback on how you guys think i'm getting on.

I have a pretty small bank (€200) and use €20 stakes regardless of the horses odds. I only trade the top 3 in the market and have learnt with experience not to let my trades go in-running. For the first couple of months like most people I suppose I bust a few banks but over the past 10 weeks or so I've been pretty consistent and either make a small profit a day or generally break even. For the past 20 days I've had winning days (again pretty small) usually about 5-10 euro, but I seem to be struggling to make the next step. Should I be profiting more than I am with the stakes I'm using? I still haven't mastered how to take advantage of swings in the market and miss quite a few oppurtunities. I feel I could carry on this way for months to come and not really progress!

I'm just wondering if this was how it was for you guys or if you just kept gradually progressing until you were able to make a decent living from it.

Also I'm toying with the idea of recording my trades and looking back over them to see what I could have done differently. Have any of you guys taken this approach?

Any advice would be very much appreciated...
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