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April 5th, 7th & 8th Greyhound Trading Update

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Tomas

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Another three day summary... I haven't been able to dedicate much time to greyhounds but at least I am finally in profit with a little bit of luck involved :) 

April 5th:

PL2.jpg

As you can see, I had only a very little time in the morning and in the evening so there is really not much to talk about. 

April 7th:

PaL.jpg

PaL2.jpg

This day boosted my overall profit but it wasn't because of my excellent trading skills - it was due to an early suspended market. Exactly 10 seconds before the official start of the race I ended up with quite a big Back bet on a favourite:

suspend.jpg

Luckily the favourite did win the race. But I quite don't understand one thing - why on earth the market is suspended so early? How can we rely on the time? Seems like we have to live with this issue and so I decided to close all of my trading positions at least 15 seconds before the official time. I usually finish my trading little bit earlier though. Unfortunately, I will miss some good opportunities which often arrive early before the official starting time.

Except this race, I would still end up with £21.24 profit and that is what I would prefer - more days with a smaller profit rather than days with big ups and downs. 

April 8th:

PL2.jpg

What gets me into a loss quite often are those bloody big & unexpected spikes up and down. Someone often takes a lot of money (often in thousands) and he moves the price from like 3.00 to 4.00 in just one second. It's quite hard to fight against it sometimes but I think I can now roughly recognise if it will happen or not. Let's see what the future will bring :)

Stats:

Stats last three days.jpg

Current Equity:

equity.jpg

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Many times I have been caught out on early suspension. really put me off doing the greyhounds for while. Can grind out little and often results all day then get caught out once and it takes all the profit off you again.  

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I had a bot running on the dogs which was profitable to start with but became unprofitable so I turned it off.  I think there is still profit there just need to come back to it.  

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    • Many thanks @eightbo for the great advice. I've been trying to reduce the biggest losses but haven't looked at all at trying to get the safer but less likely bets matched. I'll look closely at the market from tomorrow to see if I can find opportunities to put your advice into practice. 
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      I really appreciate you giving out this knowledge for free Tomas. I think that a lot of people will feel the same way and I would suggest that if you are not asking for any payment that you setup a "buy me a coffee" donate payment system. I'm sure that plenty of people wouldn't mind throwing you a few bucks even if it's just to pay for the hosting so the site stays up. Anyway, thanks again :)
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