I started Yesterday with another £50 bank and made good progress, all right not a huge sums but I was more disciplined and not letting things go in running and scratching more trades quicker.
I decided to be more selective about my trades and instead of trying to trade every single breakout on the graphs I waited until the big money came in and only traded those price movements, I was going to try and use stop losses yesterday but decided I needed to learn to do without them and managed a full day without letting a trade go in play, which is a first for me.
It's often said on other blogs and video's that doing nothing is doing something and yesterday I just waited and waited until I saw an opportunity and acted on it, there were a couple of races I could not see an opportunity on, and just sat it out altogether which is a first for me as well!
There were a few races where I was not fast enough to act on a price movement and instead of getting in mid way I just left it and moved on to the next race....I find it harder to spot opportunities to trade large field handicaps where its really diffculut to see a potential favourite or loser and these are the races I could not trade yesterday, I am sure through time I will be able to spot something in these races but for now I am happy to sit them out. Patience really is a virtue.
Ive always drunk from a half full glass so I am looking forward to today and see if I can push myself a wee bit further!
My Name is Paul from Glasgow, I am like many others out there starting to write a blog which I hope to add to daily which will document my time learning to to trade the win horse racing markets on betfair