So where did it all go wrong?
Well looking back at January it didn't seem like a bad start at all. It seemed that most days I was winning maybe £100+ and ended up winning nearly £4k on the month. So not a bad start at all.
I had 1 or 2 interesting days in February, losing a record amount of £1035 on the 21st and winning £752 on the 24th. The snow and ice did little to help matters, and it was in fact during March that I predicted that in-running was set to become a lot harder as it seemed that we were getting further and further behind what was happening live. I suppose it may also have been due to the increasing number of track players snaffling all of the prices before we even had the chance to see what was happening? So due to these factors I only managed to get just under £5k over the 2 months.
I think that I also drank loads of beer and ate many kebabs during February and March and therefore probably spunked most of my winnings instead of being a tight fisted fuck and putting it into the bank.
I didn't really spend much time on my blog in April or May and for the life of me I haven't got a fucking clue what I did during those few weeks .... probably drunk more beer and didn't bother to save any of the £7.5k that I won.
The weather in June was crap .... I remember that! Obviously the racing picks up during the Summer and I didn't do too bad, but still somehow managed to spend more than what I earned! I managed over £11k during these months and probably should have had a lot more but spent most of it on more beer and trips to the coast!
In September I decided to get involved in the pre-race trading game. I think that I was beginning to sense the end of the place market as the liquidity seemed at an all time low. Things must have been bad as I'd only won £1.5k halfway through the month and I didn't even remember to download my monthly P&L at the end of the month!
October saw the wheels come flying off in spectacular fashion.
Just about scraped over the £1.4 mark for the month and realised that now something was seriously wrong, so decided to abandon ship at the exchange and start playing from home using BF live pics and RUK.
Spent November and December trying to master the pre-race game and seeing exactly how much I could still get from the place market playing from home. The answer: not a fucking lot! In fact I only managed to get just over £1.4k.
So the question is: where the fuck do I go from here? The first thing that springs to mind is the local Jobcentre. However, all is not lost ..... well hopefully!
The Plan for 2013
The place market is pretty much fucked, especially over the jumps, I know that. So the only option is to dive head first into the win market with all the big boys. I think it's just a case of sorting a few strategies and getting used to the price movements and playing differently on Gruss.
I am also going to combine the IR trading with the pre-race trading. I thought that I was making progress during November, albeit for small stakes, only to encounter a wobble during December. I think that I'm back on the right track and we'll just have to see how I progress over the next few weeks. I think that I'm going to play safe during January while I'm learning the ropes and I'll be happy if I can get £1k by the end of the month. Once I get up to speed just using smaller stakes then I can gradually up my stakes back to somewhere near normal when I feel that I know what I'm doing.
I must admit that life has been somewhat stressful over the last few weeks and I have turned into a right miserable fucker. I know that there are much more important things in life than money but it's still hard to come to grips with the fact that things have changed so quickly and it's a lot harder to just sit down and win £100+ every day. My missus has borne the brunt of most of my frustration and we've indulged in 1 or 2 tasty arguments since I've started working from home. She also didn't take too kindly to me likening her to a sloth in one of my previous posts (I suppose that's not really going to help matters). However, she's a diamond and I love her to bits.
I still want to move to the coast, and I still believe that it's possible to win big amounts of cash, it's just that it's a bit harder these days, but hey, that's life!
Fuck it! I thought I'd put my ugly boat on YouTube. I've had 75 trades over the last 3 days and only had 2 losses so I'm feeling like a dog with 2 cocks. I felt suicidal in December so I'm gonna bounce back in January and tell the world just how fucking good I am at this game.
Had 32 trades today and only 2 losses, so I'm feeling quite happy. Will probably up the stakes slightly tomorrow and crack on! And here's more words of wisdom ....
Another day where the strike rate was good so really need to start getting a bit more aggressive on the staking. Saturday tomorrow so should be an ideal day to up the stakes and see how I progress.
... and yeah I was a bricklayer. Still get the urge every now and then to throw down a few bricks but my trowel is rusty and my expensive Stabila level got bent by someone hitting it with a mallet (cheers Mike!).
Well the fact that Betfair went tits up just before 15:00 didn't exactly help things! Traded OK and a bit more aggressively but made a basic error in one market where I expected a reversal just before the off but got involved way too late when there was no real time left for a bounce back. Really need to gradually up the stakes and see how things progress.
Today was the day when I felt like everything was starting to come together with regards to the pre-race trading.
Just felt as though I was spotting moves and in many cases played the markets correctly. Did spend a lot of time in the evening just watching recordings of previous markets and trying to gain an ever greater understanding of what the fuck is happening each time a market goes bonkers.