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Monday, June 8, 2009

last 3 days view


I averaged 1.24$ a day.
traded 33 races
averaged 12 cents per race.

today's results


the markets felt bad today
and trading was hard
i traded 6 races and
finished this short day

I averaged 16 cents per race.

Sunday, June 7, 2009

another good day


very pleased
with the results!

i enjoy the trading very
much at the moment
it's now my 3rd month
into the pre race markets.

by the way can any one
name the horse in the
picture?

small fish problems

as advised to me by fellow traders
i have updated my stake size recently.

it seems the software had a problem
dealing with fractions in stake size
which caused the "green" button
to show false results.

trading with larger round money
i hope will eliminate this problem.

there are still other software
problems i need to deal with at
the moment.

using a stake that is smaller than
betfair minimum with the help of
the software may also cause me
loss .

if i am using the strategy of
"let your profits run"

meaning i close a position with
minimal stake to ensure no loss
and keep most of the profit on a
certain pick. later during the race
i might green with relative high
profits across the field.

those profits are usually higher
than scalping profits.

it seems in order to use a smaller
than minimum stake size the
software has to put on a 1000.0
minimum stake bet and later add
to it a smaller stake at market odds.
if the 1000.0 bet gets matched during
the in-running than i can find my self losing.

i think this problem will be solved when
i will start using larger than minimum stakes

seems like along time from now

i think there is no better way to learn but
to simply pass money through the market
for a few months and get first hand "trading
hours experience" so i will continue to trade
with small money i feel very good with my
progress.

cheers

trader1

Saturday, June 6, 2009

long trading day


11 matches traded today with success
i am pleased with the slow progress in
my trading results and my trading
style is beginning to take shape.

loss is also welcome if i manage to
keep it small which i did today.

good luck with your trading

trader1

Wednesday, June 3, 2009

last week


results from last week including today
i enjoy trading at this level at the moment
i try and achieve long term good results

Tuesday, June 2, 2009

today results


was not an easy day in the markets
considering it i am happy with the result