Thursday, 12 February 2009

Greed the old enemy

Well i started off well today, taking in £12 after 2 races however this was not to last as i traded on the 3rd race, i didnt realise how close to the off i was and backed for £100 with the intention of laying it off, of course the odds shot upwards and i decided to wait and see if they came in as the Horse was fancied (must have been a blind mans fancy) by the time i had decided to lay it i was looking at a big loss even after i hedged it was so long £65...

Hey ho lesson learned, should have closed the postioned immediately.

Oh well theres always tommorrow.

Cheers
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4 comments:

  1. TraderGray13 February 2009 at 01:20

    Hey Ron, we all know what we should do but why don't we when the crunch comes?

    I was extremely lucky yesterday, you were not. I expect one day it'll be reversed.

    Anyway I'm absolutely sure you'll recover.

    Cheers

    ReplyDelete
  2. Last Chance Trader13 February 2009 at 11:38

    Hi Ronnie,

    I've notcied that unless they are strong odds on, all favourites drift before they win or lose, especially in NH racing.

    ReplyDelete
  3. Anonymous13 February 2009 at 19:58

    Hi ronnie,dropped the same bollock myself should of taught me a lesson, but its the old gambler in me that does it chin up mate.

    ReplyDelete
  4. Ronnie2ticks13 February 2009 at 20:10

    Cheers guys, Payslip we have all been there its not the 1st time i must admit, i guess we all think we are infallible at times.
    Its the 1st time i have done it for many a month only last time i lost many 100's of pounds.

    Hence i operate with a small bank so that i wont go "all in".

    ReplyDelete

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