Thursday, January 1, 2009

Steady start to the New Year


I made a steady start to the New Year. I traded 15 races today in between taking the Christmas decorations down. I tried to concentrate on taking small one tick profits today as I have been guilty recently of trying for 4 or 5 tick trades too often and getting caught when they quickly go in the other direction.

I have started with a bank of just under £300 and after todays effort that has taken me up to £320. For the moment I will concentrate on building my bank up slowly whilst I get use to using Betfair again.

Good Luck with your trading in 2009. I hope it will be a profitable one.

2 comments:

  1. First of all I'd like to wish you good luck and huge profits for 2009.

    And i also have two questions.
    Will you trading only horse races?
    And what do you consider to be ideal bank? I know a lot of traders that started with about 200 pounds and when they reached 10.000 pounds, that was they steady bankroll, and everything that exceeded that sum would be withdrawn.

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  2. Hi Marius

    Thanks for reading the Blog. My current plans are to get up to £1000 and then to start to withdraw some of the profits but continue to build the bank slowly.

    The main focus of my trading will be Horse Racing but I plan to trade in other sports e.g. I made £7 trading the Murray tennis match today before the start of the game. I also plan to have a good go at Cricket this year.

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