2:40 Carlisle: Rudemeister 4.1 stop loss at 5.1
3:55 Southwell Derby to Dubai 5/2: 3.4 stop loss 4.3
4:20 Carlisle: Teenage Dream 5.5 stop loss 6.8 – Don’t take less than 5.5 – I have some money left in queue. If it’s not all matched it’s a NO BET
If you want to see how to get the best out of my trades see HERE
After yesterday I was very cautious this morning. This is the sort of thing that affects us as traders. Confidence. I could do no wrong on Monday, and as a consequence I was over confident going into Tuesday. The result was losses. Then today my cautiousness cost me in the trades I had penciled in but discarded. This is a vicious cycle in most mortals trading. When you have losses you cut your stakes, the bets win but because of your lower stakes you do not win as much as you should. As punters/traders I expect every one of you reading this can identify with this behaviour. The point of me telling you this, is I wanted you to see even as a Pro these “demons” affect me too. Anyway, on with the days business.
1st up was Rudemeister, an uneventful sort of runner, was steady until live show, then drifted a few ticks. My “here we go again” bells were ringing, it eventually came back to scratch where I gratefully closed. Ran a decent race to finish 2nd.
Second trade was Derby to Dubai,. When I switched to the race and saw it hovering about our stop loss position I was gutted. It was really strong earlier and had moved in quiet a few ticks. Into the SL for max loss.
Last of the day was a real get out of jail free card. I thought this weakest of the 3. After an initial drift back this morning it really flew during the last 5 minutes. At 4/4.1 it really stalled and I thought it was time to close. I managed to get 4.2 for a nice £30 win. It leaves us with a small profit on the day and we live to fight again.