Friday 6 May 2011

Positive thinking

Positive thinking today has brought me my biggest ever total in one day of trading, I am aware of the fact that I am still beginning this long journey, but I made two days profit in one day I split my day into two sessions, before tea (day races) and after (evening races), I only scalp one tick offset at the moment and I can safe that the markets move slower in the day and more erratic at night, trading with a stake equal to 10% of my bank I have been trying to make two scalps per race to make a decent return through the day, on many races I made a lot more trades than I intended to, either by get the first one wrong and re-entering the market or by being greedy(seeking further opportunities) but the thing is is the amount I have traded in volume today, I had a brief scan over my P+L in betfair and I would estimate that I have backed and layed over two thousand pound today, that is crazy money considering when I started out this afternoon my bank was £77.20.

Apart from that I am exhausted from concentrating on the screen for the last six - seven hours on and off.

Quick note for any newbies a bit newer than me, if your looking for advice, check out the Racing Traders forum, The Geeks Toys Forum and Tradeshark  tennis forum.

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