Dealing With Quiet Periods

With a little “down time” I thought I would share with you my thoughts about how I deal with these days where Racing is badly affected by abandoned meetings.

I often hear comments like “I just want to make £5 a race” or “£100 a day”. I think this timescale is ridiculous and adds pressure to your trading. On a 30 race day, your target of £150 is under severe pressure if after 20 races you are not “on target” or even down for the day. This will affect your decision-making process for the rest of the day, make no mistake.

I always look at the “Big Picture” – This Big Picture extends beyond even Months and into Quarters. How many Companies do you see publishing their results on a weekly basis? Sure, it’s always a good idea to keep track of exactly where you are in the short term. But this is for information purposes only.

When I first started trading I diversified quickly, finding a way to make money from a market, then moving on to something else. Nowadays i trade pretty much exclusively on Pre-race markets. But having what could be called a “portfolio” of different markets to trade is smart if you are relying on your trading.

Summary

  • Always look at the bigger picture
  • Create a Portfolio of strategies on different sports
  • Accept that there are quiet periods in whatever is your main Sport you trade. – The Tennis boys have been quiet lately
  • Use the quiet periods to be productive, either finding new sports to trade or have a productive time with your loved ones. Did you know there is a baby boom within trading circles every October 🙂

 

A Real Tragedy

It is with great sadness that I write about a friend who passed away a couple of weeks back.

Andy Spriggs or “Super Drew” as he is well known, was a fantastic guy. A real wizard with Excel and all forms of automated trading. He was friendly and approachable. Always willing to help those without the incredible skills he possessed.

He went for a run and then went off to work where he collapsed and passed away. He leaves a young family behind.

As one of our own, we have created a fundraising page to try to offer some financial support to his family. maybe, just maybe give his boys a slightly better Christmas. We want to show Lydia that we care and in what high regard Andy was held.

If you would like to make a donation, however small, it would be very gratefully received. If you want to leave a message for Andy’s family. I know they bring great comfort to Lydia at this incredibly difficult time.

RIP Andy – You will not be forgotten.

Link to Fundraising Page

Cheers

Steve

Merry Christmas

 

No cringeworthy video, no witty little message. Just this….

A genuine “I wish you and your loved ones a very Merry Christmas and prosperous New Year”.

Peace and Love to you all

Steve

 

Christmas message

Unlike the Queen, I will not be delivering a video message. You will not want to be seeing my ugly mug that’s for sure!

I do however want to thank all of my readers for their amazing support over the past year(s). I don’t get to blog as much as I would like. But it’s great that you keep coming back.

Exciting times ahead for me and what I am trying to achieve. A couple of new adventures planned for next year, including a new delivery system for my Workshops.

I wish all of you and your families a wonderful Christmas and a very happy and prosperous New Year.

Cheers

Steve

Legend

As a proud Coventrian I would like to pay tribute to the most important person to grace our fine City since the Earl of Mercia, Lord Leofric’s wife the Lady Godiva rode naked though the streets of Coventry on her white horse in protest of her Husband’s oppressive taxation of his tenants…….. Jimmy Hill OBE.CBE

Jimmy was an inspirational man who many will know only as a presenter on Match of The Day. He was so much more than that.

His playing career spanned over 350 games, the majority for Fulham, where he became Chairman of the Professional Footballers Association (PFA). He campaigned for the abolition of the then £20 maximum wage that a footballer could earn. He was successful in 1961.

He came to us in 1961 at the age of just 33 and took over what then was a struggling 3rd Division club (League 2 now). Coventry in the 1960’s was an awesome place. After the City was destroyed by the Luftwaffe in November 1940, it was a time of redevelopment and transformation. A new Cathedral, a vibrant Motor Industry, we were turning out Iconic cars such as the E type Jaguar, Triumph TR4 and 5, The London “Black Cab” and the best Motorcycle ever made. The Triumph Bonneville. He harnessed this energy and transformed the club. Changing our kit to Sky Blue, adopting the nickname “The Sky Blues” and even wrote what became the club song to the tune of the old Eton Boating tune. “The Sky Blue Song” He also added visionary innovations such as pre match entertainment to encourage the fans to arrive early to build atmosphere. He created what was the first ever colour match day program. Arranged match day trains for the travelling fans to see away matches and oversaw the instillation of the games first electronic scoreboard.

Something not so well known was Jimmy’s “pop and crisp” nights. He got the players in to give out pop and crisps to 100’s of young fans and sign autographs. The forerunner to the community programs that clubs all run nowadays.

He oversaw a redevelopment of the ground which all helped City gain promotion from the old 3rd Division into the top division (Division 1) in 1967, He quit before the start of the clubs first season in the top flight.

He became a Director of Coventry City in 1975, before taking over as Chairman. Making Highfield Road England’s first all seater stadium in 1981.

Most will probably know Jimmy through his media work, his time on Match of The Day being the most notable. He was never afraid to be controversial and it was his idea to have a panel of pundits. Jimmy is also credited with persuading the FA to introduce 3 points for a win, which has been adopted all over the World. At a match between Liverpool and Arsenal in 1972 the linesman was injured. Jimmy stepped in to run the line. Incredible.

In terms of important changes to the way Football is played, managed and viewed in modern times, Jimmy was the guy who forced and innovated those changes. Jimmy Hill was the most important figure that the game has ever had.

My deepest condolences go to Jimmy’s family. To the people of Coventry he will always be “Our Jimmy”. We will miss him terribly. He was and always will be a Legend.

jimmy

Communication & Social Media

Over the time I have been writing my blog, you may know that I struggle to maintain it as often as i should . I have the Twitter account @itsamugsgame, but 142 characters is sometimes a waste of time. Sometimes i want to make a small comment, or see something that i want to reference. The blog is a little to “serious’ for that. So I have decided to make more use of Facebook. It seems that this might be the way to go for me.

I will still be using the blog, and sometimes what I post on Facebook will be replicated on here and visa versa. i want to reach as many people as possible, I think that Facebook is much more mobile friendly, and as we all know mobile communication is the future (and present on doubt).

So if you are interested in what i have to say (oh dear oh dear)  Please Like my Facebook page and you will be able to hear a bit more from me.

https://www.facebook.com/ItsAMugsGame/ is the place where I hang out. See you there!

Cheers

Steve

Changes to Mentorship Program 2016

I just wanted to mention that I am going to be making a huge change to my Mentorship program in 2016.

As it stands I have 2 remaining inductions into the program on 28th September and 23rd November. There are limited places left for these dates. MG World has been very successful in terms of what I set out to achieve. Once you have attended the induction you have the option to stay in “MG World” and have continued Mentoring. Many have taken up this option. In truth there has to be a limit to that support. The limit I am comfortable has been reached now.

Moving forward in 2016 I will be offering a different product. This will be a day long workshop for Racing Traders. Access to my Skype rooms will not be included unless there are spaces available. Dates/Exact content and Pricing will be announced closer later in the year.

if you wish to be included in the last places of my Mentorship program LINK HERE

There are few places available so please hurry. Get in touch at mugsgame@hotmail.co.uk

New Videos

I have 2 videos for you in this post that I pulled out from the last couple of weeks trading.

This video is from the 4:25 Leicester on 10th April. It was a pretty volatile market and there was one time during the trade when it looked gruesome. I was just about to take a red when it shot back out again kept going.

I am never afraid to take a loss if things are not going to plan. In this case I was confident to a point that I had it right. But as we all know there has to be a time when your belief impacts on common sense.

This 2nd one needs no explanation, other than to say I didn’t make the best of it in hindsight. Hindsight is a beautiful thing!

As always I welcome your questions and comments

 

Slight Change of Direction

If you read my last post you will know I have been poorly. That hasn’t changed, but life has to go on.

I was thinking about the blog and how I started it and what it turned into. I figured that something is better than nothing. What I aimed to do was give a detailed explanation of what my thinking was as I was in the trade. For the foreseeable future I am not going to do this. It is incredible time consuming. What I am going to do is go back to posting my videos. Minimal explanation, but you should be able to pick up what is going on with my narration in the video.

Just so you know. Every video I make is unedited. I don’t over dub. I just say what I see. I make mistakes like everyone. In fact I can pull apart every single trade i have ever done and make improvements to it.

What this will mean is many more videos, which I guess is what people like. Just to say the guys in my Mentorship Group had access to this video while the race was still running. This is a great aid to compare how they traded it compared to me.

I am happy to answer your questions and welcome your comments.

Here is a trade from yesterday.

Where the F*** Are You Steve?

I just wanted to very quickly let you know why no blog posts…….

You know that over the years i blog spasmodically. There are periods when i am prolific, and other times where there are big gaps between posts. I know that if you read my material there is a body of work that many of you relate to. Blogging is time consuming and if I don’t have anything to say, then I tend not to post just to generate interest in myself and my “products”.

So where have i been?

Since Christmas I developed a nasty cough, you may hear it on the odd video. This hasn’t gone and I have became a bit poorly. I seem to be close to some effective treatment now so i am hoping to be on the mend very soon.

I hope to be back writing and making some videos soon. I appreciate all my readers, especially the ones who take the time to message me. If you have and i haven’t replied to you. Please except my sincerest apologies.

Cheers

Steve