Wednesday 17 November 2010

Trading is blinking difficult...

Quite a serious loss sustained during today's trading, and again it comes down to the bad habits with the last trade of all actually a bet, but it was meant to be a trade. It went against me within seconds of placing it... but that's how the cookie crumbles and the reason why I'm reading away and going on courses. Maybe I'm thick skinned and take a while to learn the simplest of lessons. Or maybe trading isn't for me... if after the next course I continue to make losses then I will own up and get out.


Tipster: P/L Today: Stakes: ROI: Profit - Deductions:
4PA 0.00 0.00 N/A 75.62
CL 0.00 0.00 N/A 25.54
EI 0.00 0.00 N/A -39.00
FE 0.00 0.00 N/A 16.15
FI 0.00 0.00 N/A 15.58
MGB 0.00 0.00 N/A 3.50
PB 0.55 1.75 31% 18.69
SK 0.00 0.00 N/A -4.74
CNB 0.00 0.00 N/A -4.50
FES 0.00 0.00 N/A 4.03
EWV 0.00 0.00 N/A -45.67
BLB 0.00 0.00 N/A 3.97
TRA -10.66 11.78 N/A -24.31
AB 0.00 0.00 N/A N/A
MB 0.00 0.00 N/A N/A
SPDT 0.00 0.00 N/A -0.23
SKS 0.00 0.00 N/A -0.91
SF 0.00 0.00 N/A 0.16
LB 0.00 0.00 N/A 0.99
HF -2.00 2.00 -100% -20.95
GVE 0.00 0.00 N/A -0.41
FB 4.80 4.80 100% 2.83










Total -7.31 20.33 0.10 26.33

Another good winner for Form Bet, I feel I'm leaning towards properly subscribing to the service, still a few days to go to test it out though. Pro Bandit coming in with a good 7.0 winner: the second race had 3 selections in it with none of them finishing in the top 3, ironic that. Herbie Fogg continues it's losses since I signed up, I haven't had one winner yet!

Summarising: a frustrating day and I've been in this position so many times and so many times I make the same mistakes: staying in the trade too long when it's started going against me, chasing losses with trades that make no sense. It looks like I've got my work cut out, a lot to sort out and I'm realising that ironing problems out aren't as simple as they look. These problems are actually part of me, I'm immune to these risks and need to wake up with regards as to how they're preventing me from going forward. I will learn, but I need to learn quicker!

Until tomorrow!

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