Last week was an excellent week, in fact it was the best for 2008 so far. I feel that this statistic is a bit misleading. It would be easy to point at skill as being the biggest contributor to last week's total, but there were a few more mundane reasons why last week was good.I have much more money now to play with, during the weaker weeks this is bit of a problem as I can't put any of this money to use. In fact I generally have no ability to use the extra money. During a favourable week however it may be possible to be a little bit more aggressive. However, that's not the main reason for such a good week. The main reason was purely the number of races on the card. This gave me many opportunities to find a decent trade and it allowed me to forget those races that didn't look at all favourable. The net effect was a very good week, a week where not only were there plenty of races, but as luck would have it, quite a few that seemed pretty favourable.
I doubt very much I will repeat performance this week. You have good weeks and you bad weeks, last week had a good week, I've currently no idea what next week will bring but I will keep plugging on regardless. As long as you keep playing the game and don't make any stupid mistakes it will all even out in the long run.
12 comments:
Excellent Stuff. Out of interest roughly how many races did you trade last week?
That total was achieved by trading 158 races.
You will have to hope for a good Friday and Saturday at Epsom because this week looks total dross. I missed Monday, had a decent Tuesday (quite surprised as I averaged £17 profit per race..didn't trade all day) and yesterday, Wednesday 4th June was about as bad as it gets...total dross.
I was down a fair few quid so I plodded on looking for the better races....almost a contradiction in terms on dreadful cards....and when I got my nose back in front I put the kettle on and knocked the trading on the head!
Would you do the same? I find that when the markets get a bit spiky and scary I either wait for a decent opportunity or get on with something else.
Nice work Pinsticker. Just over £20 per trade seems reachable when it's put like that. Gives hope to us rookies.
What's your current bank?
I take it you had no money, weren't successful, before January as you had to deposit to betfair by credit card!
Once again well done an impressive figure. This demonstrates the point that if keep taking small sums it soon builds up to a nice big sum. An average of £22 profit per race.
My question is how did you feel physically and mentally after engaging in 158 markets?
http://donfanucci.blogspot.com/
"My question is how did you feel physically and mentally after engaging in 158 markets?"
Physically fine, mentally shattered!
"Would you do the same?"
I tend to sit here through most racing even if it is dross. I don't need to do anything but if I see an opportunity I can jump in. I don't quit if ahead or behind etc. I try not to think about how the day is going, it's generally more the week I am interested in so I expect bumps and ripples.
"What's your current bank?"
A stupid amount now, I'm holding a lot of excess cash at the moment as I am considering doing some stuff on Euro 2008 and Wimbledon, undecided at the moment. I started the year with nothing but that was more to motivate and focus on the challenge, also to ensure that I had a clean account that could prove what I had done.
Excellent results here pinsticker. Keep the trading (not to mention the blog!) going, Ive been keeping an eye on this from virtually week one.
One little thing I noticed, you sometimes have relatively small P&L amounts for Greyhounds and soccer shown as well as horses. Are these markets being traded by yourself with same approach/conviction/purpose as your horse trading or are these little indulgencies?! :)
I keep dabbling with a number of strategies on other sports from time to time, nothing serious but just looking at other markets from time to time.
thanks for the blog... good luck!
Post a Comment