Too Greedy

Just a quick post to show one race tonight when I was a bit too greedy and it did cost me a little bit. As you can see The horse had drifted massively and I thought it was going to keep going. However it did stall around 17 and moved back so I closed out for a profit (always nice) but not as much as I could have made. To be honest all the signs were that the move had petered out but I kept hoping my speculative price would be met. By the way the horse came last!

Racing UK to Stand Alone

Racing UK have announced they will now operate as a stand alone channel. However The cost will be £20 per month! So I was getting several channels for about £12 a month and now I can pay £20 for one channel.

Sounds like Racing UK could go the same way as Setanta.

Click here to read the announcement.

Know when to get out

Not much to report about my trading of late just to say it is moving along steadily in the evenings. I have not been able to trade Ascot due to work. Not sure I can justify to the wife taking a week off to trade the horses!

I have just decided to add this video of a recent trade. The reason I have put this up is that I was quite pleased that I just accepted what had happened in the market and acted accordingly. In previous times I would have got annoyed that all of my position had not been filled and tried to hold out for that extra tick. Which could have led to 2 things
1- Making less money
2- Or even worse risking the trade in-play.

So another sign that my trading is moving forward.

Derby Day Delight

Had a great day trading yesterday even though I only traded 7 races. It was one of those rare days where everything went right. I managed to make a profit on every race I traded and often got in and out of the market at just the right time. I managed to make a decent profit on the Derby and my only regret that I was going to let my £50 green on See the Stars run in the race as I was sure that it had he class and stamina to win. However I did enjoy seeing him cruise home.

It was so good that when I sat down for a few races in the evening I managed a great trade on the 1st race (for me) of the evening. Now normally I struggle with the first race of the evening but I got on a good steamer and just let it run for a healthy 19 ticks. You can see the end of the trade on the video. The money just kept coming for this horse like defeat was out of the question however it trailed in last! Somebody obviously thought they were in the know. I am going to take the day off today as Sundays are normally useless for me.

Why can't it always be this easy?

Enjoy the Ride

Hope like me you are enjoying the big ups and downs in the market at the moment. Today it certainly helped me to record a decent profit. I am sure you know what I am talking about. Not sure who this person is but as this has only just started then maybe it is a bored premiership footballer with too much time on his hands and too much money.

I think Betfair must be rubbing their hands at the commission he/she is generating.

Looking forward to the Derby tomorrow.

Moving The Market

I have just put a video of the 1950 at Kempton tonight to show you how there is some large money moving the markets at the moment. Leon has mentioned it a couple of times on his excellent blog. I only just managed to catch the end of it but you can see from the red line on the graph how the price quickly goes down from 5 to 4 in the last minute before the off. Luckily or unluckily I was already out of the market for my £1.77 profit!.

I am sure this punter is losing quite a bit as they appear to be throwing money at the market. However as a trader I need to adapt to this and try and make some money from it.