Was in profit throughout October, but now lost over 10 weeks worth in one afternoon.
This week, the favourites have had a tendency to steam heavily; been making profits so far.
Then all of a sudden, the favourite in the 16.10 start drifting heavily after I backed it, losing 7 ticks from a sharp drift.
Then when it came back down, I layed 4 times, losing 3 ticks more.
It started with odds of 3.1 at 10 minutes before the off. The highest odds that I saw was at 5.0
Why did it drift so much?
In the 16.20, I decided to lay the 3rd horse 3 times. Losing a lot again, as it steamed heavily (it dropped from around 6.0 down to 4.8).
The 16.45 was pleasing, as I backed and layed 9 ticks lower.
The last race, losing again to a favourite suddenly drifting, when there was no previous indication.
When no one is willing to lay any more, I assume that to be a resistance point, so I back. But then people start laying. I never understand why this happens?
Typical pattern is win a few pence a day several times, then have a bad day losing several pounds.
Obviously losing in the long term with that.
I'm beginning to think that I am not capable of being successful, because the profits on winning trades is insufficient to cover the losing ones.