E O T M U

That's it we've come to the End Of The Month Update, still plugging away at trading I still haven't made a fortune but I seem to have learn't so much more from a mental POV this month, especially with not trying to over trade and make barrow load of money on each race, the idea is for the long term- yes it is.

So still compounding my profits slowly but surely they are building up, recently I had set myself a small target per day to try and achieve, but today the house was quiet and I wasn't particularly too tired so I just kept plugging away for an hour or so and then took a short break, the thing is I then look back over my P+L from betfair for today and I traded forty yes 4 0 races today, didn't feel like that at all, but I made £10.54 in total, not a world beater but personally very impressed I was able to hold my concentration for so long without F!"£$%G Up , so big pat on my back.

Royal wedding Horserace trading

This post has nothing to do with the royal wedding unlike everything else in the world at the moment, fair enough two people are getting married, good luck to them, but that's as far as I go!

Rant over

I am doing well at the moment, really focussing on the small amounts dripping into my betfair account, this morning I was lying in bed thinking about trading and I likened it to an addiction, I am sure recovering addicts will disagree with what I mean, but what I am saying is that any pre race trader is only one trade away from going in play and blowing a lot of hard work by losing it and their bank, so it takes constant attention and awareness of the bigger picture and the long-term-ness (is that a word) of what trading is to stay on track and target.

No trading tomorrow for me taking advantage of the extra bank holiday(ironic I know) and going out on a Leo Sayer, not going to over do it though, don't want to be too fuzzy for Saturday trading.

Practice what you preach(or blog in this case)

Since last week I have been up a bit and down a lot, well more than a lot, like the title reads I wish I could stick to my plan a little more often and try and bring a profit and KEEP it in my trading account for more than a few hours or days before I seem to want to give it back through betfair, since my latest stumble I have been stopping once I have made my 3% target for the day, although I have only traded 4 out of the last 7 days due to the weather being so nice, but for now it seems like we are back to good old English weather, so I will come back to the PC a bit more often I think and keep going at those 3%'s, must say some excellent reading around on blog and forums about learning how to realise your goals and what you can do to achieve it. Its all about opening the mind and training it to react without thinking and to be able to do it subconsciously although some of my trading I could be unconscious.

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Little and not very often

From now on I will be trying to increase my trading account slowly and in small amounts, I find myself drawn to be outdoors when the weather is nice, so I don't really plan to be trying to make the big time in trading for a while yet, I know people will say you should be making hay while the sunshine and banking the profit when you can, but that's it you see when the sun is shinning who wants to be trading anyway, I mean come the autumn it will be different and I will have a several hundred pounds trading account even if I increased at 1% per day.

On another note, Man Utd were unlucky to lose yesterday and we didn't play our best, they beat us so never mind we carry on, I wish I hadn't drank so much as I did, still feel rough and its nearly 8 at night now.

Manchester United's Greatest Moments

Manchester United - Rule the World HD (Best Moments)

Keeping afloat

To capitalise on yesterdays good return, I have decided to myself that I am going to limit my chance of doing something wrong by quitting the day when I have achieved a 3% increase in my trading. Then the remainder of my efforts trying to understand how tennis trading works- when to get involved? When to stay clear?How much liability and quite a few other things.

Something special

Today was a very very good day, I have scalped and swung trade all day until now(1933) I have closed the Geeks toy down and I am going to call it a day, I have only had one loser and some good mini greens throughout the day, bear in mind my account is still less than £50 but only by £1 or so.
While I am still learning I feel I could easily lose it all tomorrow but as the bank increases I see me having a bit more  enthusiasm in trading as I have took it lightly for the last few weeks, but there may lie my problem I may well start to over trade and take risks and such like, we shall see.

Tomorrow is another day and I'm looking forward to it ;-)

U-N-I-T-E-D, United are the team for me

Kevin Keegan Famous Rant - I will love it if we beat them!

Post Weekend Update

Witt the arrival of the evening meetings, my trading has become a more relaxed affair, prior to last week I felt like I had to try and go for gold in the first few races to try and make some profit before I had to leave for the school, but on Friday I don't think I even started trading until gone 4PM, Saturday was much the same, first enjoyed the weather and a bike ride and then did a few evening races again, my plan was to not trade Sunday at all as we had a family get together at my house, but once everyone had gone and pc was I kicked to Geeks toy into and started doing US races, nearly blew my bank as I had been drinking but luckily was wise enough to be able to turn it off and realise that there is always tomorrow to do a bit.

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After lunch, you move on to their workshop on how to form a book  and then look into 
some horse racing strategies and show you the software we use to execute our trades.


The last few remaining spaces on these courses will be offered for £99 you phone 020 7877 5040/5075 to book and quote'HOOKSTEVEWAY' at the time of booking.

not in play today

Short post this is going to be- basically I have trade thirteen races today and didn't go inplay in any of them, I took the small profit that I made and moved on - even taking a loss on one race, so maybe I can change my thought process after all.

Anyone for tennis

Last few days when I haven't been trading the horses, I have been scouring the web for tennis trading tips and ideas, been on many forums reading bits and bobs, youtube watching a few videos and tradeshark tennis blog/forum/trading guide, this will definitely be my next sport to go into as the football season is nearly over. Apart from that horses is going OK steady, nothing spectacular but they successful trading is boring - cant wait to get there.

Biting off more than I can chew

I think I have worked out that I am so eager to get my trading bank up, up and away, that I am missing the point, I try and preach to myself to taking it slowly and doing it by little and often. But and its a big BUT when I come to sit down at the PC I come undone with all my ideas and boundaries that I set myself and decide I want to be a 'millionaire' before the afternoon is over.
This is not a way to the rich streets at the moment but something will have to change in my attitudes, I have been on my 'government enforced work gap' for just over four months and although I have had the opportunity to make something of it with regards betfair, I know I won't be able to make a profit without a change of mindset/attitude and learning to be patient and disciplined with regards losses. I have never been able to take my trading seriously while trading with such a small trading bank, always in the back of my mind that it doesn't matter or even setting up trades to go inplay and ensuring that there would still be £10 in my betfair account if it went wrong.
So from today  I will be trying to trade with a different outlook- one with no 'set' targets, no rush to get the Geeks toy loaded up as soon as I come through the door and remove the desire in my mind where I feel I need to be trading every race otherwise I may miss something.

That's the plan anyway

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