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Ronald

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Ronald last won the day on March 16

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  1. Ronald

    1000 pre-inplay horse racing markets

    Markets seem to trade better and better as we progress into spring. Some markets exhibits very nice long trends. Had an emotional roller coaster today. It all began nice and smooth. Than an unexpected loss put me back to starting point. It was painful but after a few swears it went away. The next market proved just the opposite. Got in with bigger than usual stakes and cocked it up again. Than the real discipline kicked in and I sharpened my focus and finished the day positive. Why am I sharing this? Well that's is something that every trader encounters now and again. It is happening due to the fact that we are not robots but humans. We do make mistakes and that's ok. What is important though is how we react to that occurring mistake. Mistakes will never end as their mother is always pregnant :). But really that's how we evolve, that's the only way forward. The markets pay you to be disciplined. But even if positive at the end of the day the feeling of those reds still persist. Again that's ok. Eventually it will go away as many other unpleasant things do.
  2. Ronald

    1000 pre-inplay horse racing markets

    Just for a complete picture this are the exact minimum and maximum prices inplay from that race.
  3. Ronald

    1000 pre-inplay horse racing markets

    Hi Ricardo. Thanks for posting. I would comment your screenshot like this: if you kept your risk under control than this profit is brilliant, otherwise for me this looks like gambling. Your balance of 158.71 is way out proportion with a profit of 133. To me there were 3 ways in which good profit could have been made on that race. 1. Catching big gaps of price inplay: Sire Du Berlais touched 38 in running. 2. Laying the field, this is what I did and like to do when seeing opportunities and not only seeing but hearing too - the commentators are very loud and clear in such cases. Tobefair, Not Many Left, Sire Du Berlais and Cuneo - all traded ~ 1.5 in running. A 50 stake at odd of 1,5 (25risk) would have given a 75 return. Off course it is possible to lay at odds of 2.5 too for example. In this case you need a minimum of 3 runners to take your stake to be in profit. 3. only if you can read a race properly, and know the form and style of horses. Certain front runners run out of gas in the closing stages. Nevertheless a profit is a profit.
  4. Ronald

    1000 pre-inplay horse racing markets

    Hi Tomas. With cash race it is important to <opt in>. Even if you do it in the last day of promotion betfair will take into account all the points you earned for the cash race period which is usual 30 days. Every customer gets his individual targets depending on previous activity. A nice little bonus.
  5. Ronald

    1000 pre-inplay horse racing markets

    Nice start of the week for me. Now I know how to generate commission on betfair. Next time I will aim higher. Nothing difficult by the way. Trading soccer related markets inplay.
  6. Ronald

    1000 pre-inplay horse racing markets

    By the way you can still opt in for cash prizes on https://cashrace.betfair.com/. If you are an active trader you got a chance. Today's markets felt very lively and easy to read. Now with longer sessions days seems longer too. But wait till 31 March when clocks go forward, then it will seem even longer.
  7. Ronald

    1000 pre-inplay horse racing markets

    Hi Yesterday I traded only 15 markets because I had an invitation to a party. Sometimes is difficult to explain to people that Saturdays are your best days and missing them is like losing money. Today I was trying to compensate yesterdays' profits without too much success. I was aware of my tiredness and tried to take it easy and besides that the markets were dreadful. BUT I made a "mistake" on Huntington 17:10. It was a perfect market for laying the field. If you look at the stats FOUR horses traded below 1.6 (1.01, 1.25, 1.41, 1.6) . I intended to lay the field and instead of that backed the field. It seems that trading gods took pity and gave me this out of the blue win. All being said, I will wrap up my challenge here, this being the last post about it. I may post now and again about other things, or some interesting stuff. Posting pnl is a bit boring. Planing to gradually increase my stakes in the very near future. Thanks for your reading.
  8. Ronald

    1000 pre-inplay horse racing markets

    Today: 19 ( 14 / 4 ) £68.08 Smaller stakes than usual, very careful trading. That might have consumed a lot of concentration energy. Last 2 are losses. That's why decided to stop trading. Felt much more in control today. Traded volume is half of yesterdays' volume. Tried to pick qualitative opening positions and keep them for a bit longer than usual but still shaken out a few times.
  9. Ronald

    1000 pre-inplay horse racing markets

    Today: 35 ( 22 / 12 ) £17.17 Struggled a lot today. I simply wasn't there in the moment. Every thing I did went wrong. Glad that I stepped into profit by the end of the day. Markets seemed very erratic to me. Lots of spoofing moneys and too impulsive trading from my side. Should have been trading with smaller stakes.
  10. Ronald

    1000 pre-inplay horse racing markets

    Today: 12 ( 9 / 3) £30.88 This morning had to get up at 03 am to meet smb at the airport. And that messed up my day a bit. Was making a lot of silly mistakes due to poor concentration. So decided to end my session with only 12 markets traded.
  11. Ronald

    1000 pre-inplay horse racing markets

    Today: 19 ( 15 / 4 ) / over 100 The last planned to trade today was Catterick 16:50. A sudden change in direction of the price and a slow reaction from my side brought me a sour trade of -21. A very unpleasant feeling. Had to jump into the first Wolverhampton and manged to close the day with a small positive. Even after that the unpleasant sensation persisted.
  12. Ronald

    1000 pre-inplay horse racing markets

    Today: 21 ( 18 / 3 ) / over £100 There was a 1.01 looser today on Plumpton 16:40. Other than that - Monday markets and me in a good mood for trading. Tried to play defensive picking quality over quantity. Had low expectations. The 50% of profit came in the last hour or so. Lots of lay the field opportunities. Pleased with the result although looking back there are things that should have been done better. Last at Wolverhampton for example got out way too early and did not open a new position (although the market was hinting it) just because it was the last to be traded and wanted to close the day on a positive.
  13. Ronald

    1000 pre-inplay horse racing markets

    Today I was watching only. This is going to be the last day of my friend attempt to conquer markets. From Monday - back to work. The today's result is -1.3 from 34 (21/13) markets. I entered Wolverhampton (18:00) after 30mins and managed to make it positive. So a +4 for the day and 35 markets. There are still markets left at Wolv but we called it a day. So to wrap it up: from 14.02 we managed to trade 242 hr markets, and 4 greyhounds with a total of a bit over £300. I thought that it would be negative judging by the trading style of my friend. Today for example there were two +40 trades but that did not help the total as there were too many mistakes, too many unnecessary trades (overtrading) and too much time inplay. Then striving to be perfect all of the time and not accepting your small losses is dragging p&l down. In the end everybody is different and is having his experience and approach to trading. Tomorrow would be a day off. Not sure about Monday as it looks ok timewise.
  14. Ronald

    1000 pre-inplay horse racing markets

    Somehow I manged to lose a lot of money on Exeter course today. Btw traded alone today the whole session. No guests today. Markets okish but quite erratic at Exeter. At one time was over £100 but at the end of the day lost focus and dropped it to ~+ £90. Last race of my trading day was good though.
  15. Ronald

    1000 pre-inplay horse racing markets

    In my opinion there are two types of losses. The ones that comes as part of the game and irrational losses. The later have a stronger impact on your emotions. It is better to finish the day with a loss knowing that you've been disciplined and did what you could than with a cheeky profit. There are days when in profit and still feeling disappointed. That's because our brain generates 2,5 times more painful emotions to a unit of loss than to a unit of profit. A streak of +x,-x,+x,-x will make you feel unhappy although you did not lost anything. Anyway today we traded much better but gambled unsuccessfully a part of the profit laying the field. The markets felt weak. +38 for the day from 31 markets. Most frustrating - Huntington.
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