Thursday, 29 May 2014
Time to have another bash at the pre-pace trading?
A couple of nice recent results have really helped to fire my enthusiasm. The hours that I spend actually trading are usually OK and still quite fun, especially when I'm winning. However, it's the boredom of keeping my horse notes up-to-date that sometimes gets on my tits.
My recent couple of days down on the coast coupled with a break from the gym and the slightly improved weather have give me some time to recharge my batteries. I'd been meaning to take a closer look at the pre-race trading videos put up at ItsAMugsBlog. Now I have spent many hours looking at material from Jack Birkhead and Caan Berry but I've never really been able to give it my undivided attention, as most of the time I would be trading in-running whilst the next pre-race market is forming.
Well over the last few months my trading has been more focussed on playing early in the win market and then I sometimes jump into the place market for the latter half of the race. So now I often find myself opening a market with 2 or 3 minutes to the off, and this is where maybe I could be trading, but I have always found it hard previously to get a grip of what is happening with only 2 or 3 minutes to the off.
So last night I finally had the chance to look at some of the videos posted by ItsAMugsBlog and they seemed to make sense. This guy approaches the art of pre-race trading in a slightly different angle from what I have learnt from Jack and Caan and the combination of all of this information made me rethink the way that I had approached pre-race trading in the past. So what I'm going to do is have a play over the next few days, for small stakes of £5 a click, and see whether I can make any progress.
May Total = +£2210.79
+£49.57. It felt like I had a good day today and I was a bit surprised that I only made just under £50. It was maybe that I felt pretty comfortable during a few pre-race trades, albeit for only £5 a click. So although I didn't win that much I felt as though the day went well and was pretty productive in terms of my foray once again into the pre-race market.
May Total = +£2520.12
+£308.33. One race made the day today! Late on in Ireland and I spotted a horse that was tiring but hanging on in fourth place over the last hurdle (the place market was first four) and I tried a crafty back for £50 odd at 1.5. So I was pleasantly surprised when I got matched at 7.0! Happy days! So happy in fact that I then had a quick dabble in the evening greyhound markets and nicked an extra £5!
May Total = +£2545.40
+£44.28. Not a particularly good day, especially for a Saturday. I think that I prefer the more volatile markets and the stronger Saturday markets don't really seem to suit my style of trading.
PS My mathematics failed somewhere along the line when adding my monthly total so the last few days don't add up correctly but I can't be bothered looking back to see where my maths went wrong.