If you want to see how to get the best out of my trades see HERE
I have money in the queues at all these prices. If ALL of my money is not matched the trade goes down as no trade. If it goes significantly lower, I will cancel the trade if the momentum goes against it.
Apologies for the delay: The blog server was offline. Hopefully you got the info via Twitter/YouTube.
3:00 Lingfield: Copperwood 5/1 5.7 stop loss 7
3:15 Chepstow: Bailey’s Concerto 5/1 5.8 stop loss 7.2
A horrible day in the markets as I suspected this morning. Our first trade was looking good early on, even when the live show began it was a tick or 2 below where I had backed it. It started to drift as support came for a couple of the other runners. I soon closed as I didn’t see it going anywhere apart from drifting. It is important if you see a drift begin you don’t blindly sit there and wait for it to hit the stop loss. If someone at a bar in a pub was taking tenners out of your wallet you would stop them after the first one, not wait until it was empty before saying “Oi! Fuck off” 🙂 I closed at 6.2 for a £10 loss.
The 2nd runner Bailey’s Concerto was much better, pretty strong all day and I closed at 4.9 for a nice £17
A small profit, but profit is profit!