Tuesday 14th November 2006

Not a great day, still just plodding along. I had many interruptions starting with helping my son to fit a new battery to his car, which would normally have been straight forward but he has an imported Toyota Celica GT Sport and the battery terminals are half the size of standard ones. Then I had the school run to do for my 3 younger children and Mother-in-law stopped by for a chat and, to top that, tonight was parents night for one of my 6 kids and may I add I am separated so have to look after the kids and do all the cooking and washing up etc. So little time to trade but I did manage to make £92 mainly trading in the 13:40 @ Folkestone where  backed then layed back on Superrollercoaster, then on the 13:50 @ Southwell where I backed Formidable Will to win £40 and later a couple of small trades at Wolverhampton. This has been a slow week for me so far but I know it will get better.

I am a little concerned about the newspaper article at the weekend where it is reported that the Gambling Commission is to look into fairness of the in-running markets. We all know that if you have SIS you do have an advantage but it doesn't stop me and probably thousands of other like minded people from using and still profiting from these markets. We are all warned that transmissions are not always as live as we would expect them to be. Many are attracted to this type of gambling simply because of the instantaneous nature of the market, it is possible to get in and out of the market with a profit or loss within a few seconds. I hope they leave the market alone but if it is changed we will all just have to adapt ourselves to other opportunities within the market place.

See you all tomorrow.

Comments

[Angelo]

hej,

good blog, keep it up, you are right, i also find it kind of weird to talk to my family and friends about it, cause they think i have a gambling problem which in fact its not. An when I try to explain the trading back and lay, usually they get confused..... the point is you are right, difficult to talk about it and it feels you are doing wrong. Anyway keep posting and good luck. one question to you , i also trade and try to stop on some profit, say 50 euros a day, most of the day i suceed, but some days i chase my loses and wipe out a lot of my bank. how do you cope in such situation.

[Ray]

Hi Angelo, Thanks for stopping ny my Blog and commenting on it, it is much appreciated. I have always kept a spreadsheet of my daily, weekly and monthly earnings and I believe it is because I can look back at times when I have lost money to see that almost always I can make that amount back in the next day or two that stops me from chasing. It is know just ingrained into my personality that I will not chase. Although I have a target of £200 / day now I do not stop at this it is simply a level at which I feel I have had a good day. Within my spreadsheets I have a moving average plot on a graph and my daily target is normally just to keep my 100 day ma moving in the right direction. I tend to think that if you are having a good day it will normally get better so I am loathed to stop at a set target.Good luck with your trading.