Friday, 4 February 2011

Taking a reward

I have done well today, considering my bank size and staking, I don't want to get ahead of myself to quickly, as I have been in this situation before and don't want to end up where I am out of my depth in terms of liability exposed to the market when it goes against me. Don't get me wrong its been good making and increasing my betfair bankroll by 10% a day but sooner rather than later I feel I would be in for a big shock if didn't start taking some out each day.

So what I have decided is that there are 24 days left in February so I am going to increase my bank by only 3% a day and withdraw the remainder of the profit at the end of each trading day.

Today I made £12.14 but I did get lucky by being on the right side of a couple of market spikes, not saying its all a bed of roses as I took a loss of £3.21 in the Lingfield 3:25 race, it wasn't a case of not accepting the loss quick enough, it was me getting involved in the market too early with too high stakes and market just plummeting away, I redded up but everything I tried just made it worse so I took the loss and moved on.

So bank increases by 3% and I take home £8.39

Good luck

Keep it green

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