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Ronald

1000 pre-inplay horse racing markets

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Hi everybody

I'll try to publish my results of trading 1000 horse race markets. I may trade some other too but only hr will count up to 1000. The reason of doing that is of course Discipline. I want to discipline my self not going inplay. There are a lot of jump racing right now. The temptation of going inplay especially when the fav is odds on is very high. I just hope that my commitment of publishing results here will set me free from this habit. I will try my best. There will be RARE situations when I go inplay. These exceptions are going to happen ONLY when the market will meet certain conditions which are SET in my rules. I predict around 30markets of potential candidates. That is expected maximum. In reality may be less than that or more. Starting bank is  ~ £500. By the end of Feb I think I will end my challenge. They say it takes 21 days to form a new habit. Well I have more days than that. Tomorrow (11.01.2019) is the starting point. Let's hope I've got enough will power to get this up to the end as there are already shades of thoughts in my mind that it's gonna be hard. The instant gratification of inplay markets generated lots of dopamine in the past. BUT I will do my best. thanks for reading.

Ronald

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> Join our real-time trading chat on WowApp

 

2 hours ago, Ronald said:

Hi everybody

I'll try to publish my results of trading 1000 horse race markets.

Hi @Ronald,

welcome to the community! I wish you all the best and I'm sure you will many supportive members on this website! Although it's perfectly fine to start your challenge in the forums, in terms of categorization and content structure, it may be a better idea to start your own blog where you can create a new blog post for every trading day. And then, the community can comment on each day separately instead of having all of your content + community comments in just one thread. You can create your blog here. But of course, the choice is yours :) 

Good luck!


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I had trouble with closing my trades on horse races when they went wrong way. Because I saw this issue I successfully fixed it by trading greyhounds. There is no way you can stay in-play in greyhounds so that worked pretty well and I did learn what I needed quickly.

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I don't know what software you use but if it's Bet Angel, I can reccomend that you use a piece of automation that hedges any profits or losses before you go in play - unless it meets your criteria.
The trick is, to just focus on one race at a time and execute that to the best of your ability.

Best of luck with it,.

 

Chris

 

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Markets left : 982

Traded: 18 (15/3) / £25.95

Found it today tough. Markets jumping all over the place. The easiest trade was the last (15:50)  NHF at Sedge. Now the big question. Did I go inplay? Yes, two times. And one of it was an unsuccessful attempt to lay the field at 15:00 Hunt 2m4f Novice. It's was looking juicy as the commentator was shouting .. the gambler in me just woke up... The second time just got caught inplay by the excitement of that "last" trade at of the Lingfield meetings.  Onward and upward from here. Anyway the most profitable meeting was Sedgefield. Not going to trade evening meetings.   

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Markets left : 946

Today: 36 (18/18) / £22.07 

Very poor performance from me for a Saturday. p&l doesn't matter at the moment but it still has its influence on my attitude and discipline. I have to say it is very hard. I had a feeling that I am missing lots of activity and with that lots of opportunities. That thought alone was hanging in my mind not allowing me to concentrate properly. The p&l is hard to ignore. At one moment I thought that I will be negative today. Lingfield repeated yesterday's pattern of activity. 

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Markets left : 928

Today: 18 (12/3/3) / £30.62 

First few markets were very poor and very volatile. Not for my liking. Blue 3 stand for zero markets. A 1.01 loser today as well. As I said earlier once in a while there will be opportunities for inplay trading. These inplay transactions have their own p&l records and are separate from pre race p&l. Two of them today. One that met 'lay the field' criteria came from: 14:55 maiden at Fontwell, favorite Umndeni fell at the start. (SP1.54 (~60% volume of the race). Pretty high probability of success and it worked. So a eventful day in the end. Did broke the rules again 2 times :$

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Edited by Ronald
uploaded screenshot

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Markets left : 907

Today: 21 (18/3) / over £100

Very good day. Lots of activity, lots of short favorites. Felt like Saturday, only with bigger gaps between markets. Broke the rules once only. The highest traded volume (all back + all lay stakes) since first post. Would have been much more pleased if I was clean on discipline field.

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Markets left : 889

Today: 18 (12/6) / £68.34

All over the place today but somehow good profit. Concentration level wasn't as it should be. At first I thought I would have a day off but picked a few good moves and got involved in the end. Btw there was a 1.01 loser again today. Did broke the rules again. I came up with an idea to help myself. First I will record a few wav files with my own voice as remainders. Then use windows Task Scheduler to lunch a wav file with VLC every 10minutes. Vlc has an argument that allows it to close itself after playing the file. Let's hope this will boost my discipline. In case somebody wants to do something similar the arument is: "-I null --play-and-exit". Tested it today and works ok.

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Markets left : 862

Today: 18 ( 15/12) / £24.71

Tricky day for me. Maybe if I was a bit more focused I would have done better. Frustrating. The liquidity was low especially at Market Rasen. Tried Meydan which was even thinner as usual. Yesterday I had some sports activities for about 3 hours. Might be the cause of my fatigue.  

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Markets left : 826

Today: 36 ( 24/11/1 ) / over £100

Lively, good markets, lots of opportunities. Went inplay a few times. Overall in control. Wish wouldn't have done that. But I'am getting there. Having 'annoying' reminders in background from time time. Biggest turnover so far. Almost doubled the previous high. Used bigger stakes today. Not sure about tomorrow but Monday and Tuesday will be day offs. Will have a look at Aus Open markets.

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Today is going to be my 4th day off. Hereford and Catterick are abandoned leaving us with one afternoon and one evening race. Didn't do much aus open as I simply enjoyed my 3 full days off and now the forth. By the way S. williams lost from 1.01 with @ 600k matched . My mind is very refreshed, my body pretty tired of phisical activities. In replay to Roodge about video recording: maybe at later stages. I still have 800+ markets to trade to complete my challenge. At the moment I am using an auto screenshot capture software: https://sourceforge.net/projects/autoscreen/ . It makes screen shots every 1 minute. At the end of the session I would go through them analyzing. Video recording is slowing down my pc which I don't like. In replay to Chris75: I am assuming that I would have much better results if I pick and choose markets. The fear of missing out is often pushing me into overtrading. I would like to be more consistent on my discipline. I am treating myself as a child who have to learn something but don't want to. When I feel that irresistible pool to break a rule I would do that but with a 20-30% risk only. And in that moment I would try to be aware of myself my thinking and my feelings as much as I could. My understanding is that only through this moments the change is possible.

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I nipped in and out of the markets today but I won't count them as I mostly observed what's happening . As you know two meetings have been abandoned leaving us with Gowran Park and Southwell. Markets seemed lively or it was me too eager to trade after 4 days off. The scheduled time between races was awful with 5min followed by 30min between markets. And I have to say that there were some opportunities. Made a few bob. Let's hope tomorrow we will have a 3 full meetings afternoon.

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Markets left : 815

Today: 11 ( 6/5 ) / - £36.09

Very poor performance for me today. Traded only 11 markets and decided to call it a day. Either markets are too jumpy and or I am a bit out of focus.

Edited by Ronald
grammar mistake

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Markets left : 780

Today: 35 ( 25/10) / over £100 

Very good markets but tricky. Surprisingly all 6 out of 6 were positive trades at Lingfield. Frustrating end of the day with a -30 at Chelmsford. Got carried away with stable scalping on the favorite and then got caught inplay. Cheltenham was the most profitable with Uttoxeter at the other end if not taking into account the cock-up at Chelmsford. The feeling is that I should have done better as I traded with increased stakes on most of the markets. I did allow myself an extra hour of sleep in the morning. Not tired at all. Tomorrow day off and Monday with 2 afternoon meetings only will be off as well. Btw the biggest turnover so far. (lay stakes + back stakes).

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Despite the blip at Chelmsford, Ronald, still a very good result.

I hope you allow yourself extra sleep tomorrow and Monday!

Chris

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Markets left : 760

Today: 20 ( 18/2 ) / over £100

Well, today is Sunday. I decided to have a look at the markets and ended up trading. Part of the reason being that this week I had too many days off. The other reason was Grade races at Nass and 10min gaps. So an unplanned trading day. Most of the times Sundays seem fairer and relatively calmer or so to say smoother. That might be due to more true money in the markets. At least that's is how it feels to me. On Sunday morning I go to a sports club and coming home am feeling tired. And when I am too tired I've noticed that it is better have the day off. That's why I am avoiding trading on Sundays. Most of my friends gathers there and can not do other days' mornings. Pleased with the result, as I set quite low expectations. Most profitable meeting was Naas. As usual I did break twice the rules. But the look of it (scrolling through screenshots) I would have been a bit better had I stick to the rules.

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Markets left : 756

Today: 4 ( 4/0 ) / £11.23

Started trading today only to find out that Lingfield has been abandoned. First of all I am not much in the mood for trading today. Feeling a bit tired due to the fact that had to get up very early (by my standards) this morning. So sort of glad that Ling is abandoned. That added weight to my decision to call it a day. Traded first 4 markets only. The most profitable today was the 13:10.

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Same again today. Abandoned: Wincanton and Fakenham, tomorrow: Catterick and Chepstow and on Saturday Musselburgh. The weather is taking its toll on everybody at the moment. Looking at my notes this and previous week last year was much better. Still undecided about tomorrow's trading. Today is another day off.

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Markets left : 749

Today: 7 ( 5/1 /1) / £45.33

Did not plan to trade today, but it is the beginning of the month so this kind of made me trade a few markets. Did get two good results and decided to get out. Very pleased btw. It is a bit boring and 15 min gaps makes the money to arrive in the markets at a lower rate than usual. But I am sure there are opportunities as it is Friday and as a weekend day there are more money in the markets than in weekdays. You just have to be a bit patient.

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