Thursday, 16 April 2009

Paper trading

After yesterday today i decided to have a Trainying day, in that i watched the markets without the pressure of actually placing any trades, trying to guess which way the odds would go, i also observed the markets when in play to see how it compared with my race reading "skills" :) in my head i did ok(its easier when no cash is involved) i played live in the last races at Wolves pre-race Trading and In-play, when Trading pre-race i use stakes of £60 to back and if laying depending on odds up to £15, in-play i only use £2,3 or £4 usually backing the 1st, 2nd, 3rd or 4th fav depending on how they are running i try ti get in and out as fast possible, i will only do this on race of over 1 mile, and if its 2miles+ i will try and get a few trades in, of course i hedge to spread the profit.

Todays P/L was £11.58 for 4 races.


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