25/10/2022
I've just realised that these latest posts may be somewhat confusing as I'm currently writing them at the end of October and reporting on my progress during September.
Anyway, onto a few days of trading between 16th-22nd of September ...
This week's results made for better reading both in terms of profit and the number of races that I was able to trade. I actually traded in 63 races, which is still way too low for 7 days of racing, but it was certainly heading in the right direction. I'm guessing that at this time of the year I should be aiming to trade in at least 100 races every week.
One main factor to consider when trading is when to trust your own judgement when the market is moving against your position.
This can initially seem somewhat tricky but when you take a closer look you can usually spot the difference between a genuine move against your position as opposed to a panic in the market caused by traders trying to minimize their losses. It's always a pain in the arse when you trust your judgement and hold onto a position when it's obvious that the market knows otherwise and also when you initially trust your decision but bail for a loss when the market moves wildly against you for no apparent reason. Learning to differentiate the difference and act accordingly makes a huge difference to your P&L.
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