Slow and Steady

Firstly let me apologise, I have the feeling this could be a long post and it is not my intention to bore you.

Secondly I didn’t get the chance to trade yesterday. The computer system at work failed at 07:00 in the morning and I ended up doing a 13 hour shift, finishing just in time to listen to Peter Webb on Juicestorm at 13:00. Found out I couldn’t get it live so I went to bed and woke up around 17:00, a waste of a day.

A couple of posts ago I said that I have something holding me back when it comes to making an entry into the market. I’ve read somewhere on another blog (though I can’t find it at the time of writing) that the writer may be uncomfortable the level of stakes they were using and I think this may apply to me.

I feel I don’t use excessive stakes, just 10% of my trading bank and I’m still only trading at odds between 1.8 ish and 5.0. For this weekend I may reduce my stakes to between £2 – £5 and go back to basics, that is not to lose money. I am hoping that this will encourage me to push more trades through the market as I already know that I do not make enough trades in each race because I am happy to make a small profit in a race and move on to the next one.

Anyway, today I didn’t do a great deal but no losses. I successfully had a play at the Bet Angel “Dutching” option by backing all selections at the lay price in the 14:40 Folkestone to a total stake of £20.00, resulting in a net profit of £0.49 and I’ve included a picture in case you’re interested…

I also tried something different in the 15:50 Wincanton with a maximum risk of £2.20 had I not traded out but there was never any intention not to. It was just something I’ve been watching when the 1st and 2nd favourites odds are very close together. I had a couple of successes with it recently but only have a small sample of races to analyse at the moment so I’ll see how it goes for now.

The other 2 profitable races were just my normal, cautious, trading with small profits in each and I had a scratch race as well. All this resulted in a profit of £1.12 for the day.

So today was so slow and steady I guess but I don’t think I was really up for it. I’m quite tired from a busy couple of days at work I would probably have left it go for a day but with no racing tomorrow I persevered, gave it a go, and made another £ :-)

Cheers