Ability In Question

I don’t really want to go into the psychology of it but I’m beginning to wonder what I am doing so different to my first 3 weeks. Let’s look at today which, on the face of it, was a fantastic day. My bank increased by 9.96% and the profit for the day was £20.38. Both record breaking achievements for me.

When you look at how I did it, it really throws my current trading ability into question. I lost the first race traded, so what, £0.47 and then got that plus a bit more back on the second race traded, £0.70, well ok then nothing great but not a losing one.

The third race I deliberately took a £1.78 losing trade in-play (the first time in over a week) with the intention of waiting 15 seconds and then equalising the profit/loss. My selection (Busy Isit) must have stumbled at the start as within seconds of the race going in play my loss was around £15.00. With a maximum liability of £20.00 anyway I decided to take the risk, for another fiver I thought ‘What the Hell’. However, during the course of the race, Busy Isit proceeded to win and I greened up just short of £32.00 profit.

I thought this was great and, perhaps, a bit of payback for the times I’ve closed losing positions which would have been profitable if I hadn’t. It was then another 90 minutes before I could bring myself to place a trade, I think I was too afraid to in case it went against me. I did manage a winning trade, after studying a few race graphs, and was quite pleased with the £0.74 profit.

I then, basically, “mucked” about in the last race I traded, very undisciplined, with little thought going in to what I was doing and only succeeded in throwing away just over a tenner.

At the time of writing I am not sure if I will trade this weekend. I think some “revision”, reading and video watching is required. I need to focus on what I was doing right in the first 3 weeks and see if anything sticks out as an obvious difference.

Have a good weekend

Cheers