WOOPS!

Terrible again yesterday, i realise i just got carried away and started being reckless. I was £10-£15 stakes willy nilly. I've now gone back to £2 stakes, and am adopting a risk adverse attitude

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LAST 2 DAYS!

Last couple of days as i missed posting yesterday. Pretty poor performances, especially yesterday as i took a big dent in my P/L chasing loses wit a  'never care less attitude'! Bit better today but had too may big loses.

SIGNS OF CONFIDENCE RETURNING

Done a lot better with today's trades. Only managed to get 10 trades in, winning 7 and losing 3. Bit disappointing that i still managed to be down 0.02 overall though. Used mainly £5 stakes as there weren't any odds on trades today. I feel ive got some of the ingredients needed to make a consistent profit, but its bringing them all together at the same time. I'm glad that im at least concious of what's missing on a day to day basis and more experience with reading my signals correctly will help that.

ONE WORD, SHOCKING!

Another poor day, done okay the back 10 and had to wrap for the day just as i was getting a feel again for the market. Tried trading a couple of evening meetings with my Ping at 153 and has an absolute nightmare, so sacked it.

TERRIBLE DAY

Wiped out my profits and more today, letting loses go on, not taking profits, not sticking to strategy, not sticking to staking plan, chasing loses, basically working against the market. Had 2 big loses and they hurt, stopped early as i was being reckless and wanted to preserve some of my bank. Cant trade tomorrow so ill be back on friday, back down to £2 stakes to start again.

Ive definitely tried to run before i can walk and ive paid for it. At least i haven't blown my bank!!
All ive got to do now is find a way of reversing the + and - on the P/L, lol.

TOUGH ONE TODAY

Wasn't really with it today, didn't find i was flowing with the market at times, and was over trading, not waiting for signals and getting in on a whim! I do seem to be taking my loses earlier, which is accounting for a lower strike rate as i was winning a few more due to letting losses come back in, its finding a balance i guess. I had 22 races today with 14 wins and 8 loses (S/R 64%). The only reason i ended in profit was because i caught a huge drifter (which i was initially on the wrong side of!), so im not clouded by the fact im up for the day, although at this stage really its about bank preservation.

P/L for today was £3.67.
Bank= £109.52.

INCONCISTENCY!

Traded another 25 races in all today, winning 18 and losing 7(S/R 72%) with a profit of £3.55. After trying a few ways of staking ive decided to use £10 for odds on, £5 for 2-5 and £2 for anything over odds of 5. Im not too disappointed today as i only had 1 Medium sized loss and cut the others quite early, but ive got to be more consistent, but i know that will come when ive traded more markets and start getting more experienced. My winning trades aren't quite big enough as im still not adding to them as i should.

I noticed a couple of interesting things in the market today, so if i can gain just one piece of experience or a bit of knowledge per day ill be happy, work is quiet at the moment so im managing around 3-4 on the ladder each day. Now i need to have a look through a few of my recorded trades and see where im going wrong and what i can do to improve. The only goal i have set myself thus far is too trade 1000 markets, all different and only then will i really evaluate my position and decided where to go and what goals to set.

Days Traded= 7
Total Markets Traded= 147
Av. Markets Per Day= 21
Wins= 106
Loses= 41
Total S/R= 72%
Total P/L (Excluding 5% Comm.) =£5.17
Bank= £105.17

Today's P/L,