Challenge (8000€) - June

Hey guys, sorry for the lack of recent updates.

Last month went very well, managed to get 25% more than the aprox monthly objective so i have to say i'm happy with my results so far.

Hoping this month ends up going as well as last one.

Starting Bank -> 300€

CHALLENGE -> 8000€

Total Profit/Loss -> +2488,50€

May -> +1252,89€

June -> +1235,61€

01/06 ->  +92,51€

02/06 -> -131,76€

03/06 -> +115,75€

04/06 -> +124,35€

05/06 -> +125,32€

06/06 -> +106,81€

07/06 -> +186,91€

                          08/06 -> Day Off, Withdrawn profits

09/06 -> +104,36€

10/06 -> +141,54€
11/06 -> -465,27€
12/06 -> +137,80€
13/06 -> +105,55€
14/06->      +0,55€
15/06 -> +108,92€
                          16/06 -> Day Off, Withdrawn profits
17/06 -> +138,75€
18/06 ->  +47,44€
19/06-> +150,73€
20/06 -> +145,35€
---------------------------------------------------------------------------------------

01/06 to 10/06 -> +865,79€

 

As i'm only updating the blog on the 10th of June i'll just summarize these past 10 days. I' ve been trading a lot more in play in june, i would say my profits are somewhere around 85%/15% between in play and pre race, i can't remember these past days exactly so i can't really say much about it, however i do remember the 2nd  day of the month where i did get a huge red in play, no excuses about it, i just did a very bad trade and was dumb enough to let it run hoping it would still go in my favor, this little mind block costed me -244€, i did however took it in the chin and didn't try to recover the loss in anyway so i got that going for me which is nice.
Rest of the days went pretty well, nothing worth noting, i just keep trading the same way, it does get pretty boring sometimes...

This month has started very well, hope it continues this way.

 

11/06 to 20/06 -> +369,82€

I had an awfull day on the 11th of June, got caught in play on a huge red entirely based on greed, i tend to screw up from time to time, but this one was over the top, it was over 450€, i did good however on not chasing that red as i continued trading pretty much the same way throughout the day, and by the end of the day when i had almost half that big loss recovered BAM, almost 200€ down the drain, this time it was not my fault, my internet went down in the middle of a race and yeah you figured out the rest... What i find funny about this is in the few years i have been trading horses this (internet going down during races)  has happened to me a few times already, and as i'm such a lucky guy this wasn't the first or second time where i've lost reasonable amounts of money because of this, i always say to myself  that i'm going to get an alternative internet and laptop/tablet or whatever to have ready for when this happens again and until this day i never did... Yeah i'm not a very smart man, although i do think is just laziness... Well by the end of the day i was frustrated but i think i did a pretty good job not letting this day got on my nerves and affect my trading on the following days.

The rest of the days went ok, i'm still trading a lot more in play this month.

Despite that awfull day, the challenge is still looking good, hope i can achieve my goals.

Challenge (8000€) - May

Hey guys, i just started a new challenge, this is the first challenge i post on blog that i'm pretty sure i won't be able to achieve for some reasons, between work and some days where i will have to take care of my daughter amongst other things, so i can't be sure how many days will i be able to trade and set a more realistic challenge according to the time i will have available... But anyways, this challenge will be a longer one, until the end of the year, and i will try to reach 8.000€ profit, roughly 1.000€ a month, under normal circumstances i think i would be able to achieve this goal, but guess we will have to see how it goes, at least this first month i know i will be able to trade almost everyday so i really can't complain for now.

The challenge started yesterday but i didn't had the time to post about it yet so today will already be the 2nd day of the challenge.

To anyone following the challenge please be aware that this will be mostly a profit/loss prints challenge since i don't have much to say or teach, i will be doing the same type of trading i use to do in pre racing (you can search in previous posts for some youtube videos i posted a while back), but i will also trade live in a few races.

I won't make a new post everyday so i will probably just make one or two posts a month and edit them with daily results.

CHALLENGE -> 8000€
Starting Bank -> 300€

Total Profit/Loss -> 1252,89€

  04/05 -> +102,69€

05/05 -> +74,40€

06/05 -> +95,86€
  07/05 -> +131,02€
08/05 -> +96,17€
09/05 -> +69,67€

  10/05 -> +115,90€
11/05 -> Day Off 
12/05 -> +93,25€
13/05 -> +75,69€
14/05 -> +88,51€
  15/05 -> +125,12€
16/05 to 31/05 -> 184,61€

--------------------------------------------------------------------------------------------------------

04/05 - +102,69€

Excelent day, 100% green, i would be very happy if my average day would be ike today, unfortunately as i know that won't be possible so i will have to settle for this to be the example to follow.

05/05 - +74,40€

Although the profit was good, i'm not happy with so many mistakes i did throughout all day, got caught in live twice for two big reds over 20€ each, i was just too slow closing my bad positions, on the positive side i have to say i did good not to try to chase those reds.

06/05 - +95,86€

Very nice profit but i have to say that it was a very weird day for me today, pre race markets were awfull, there were just too many races outside of my comfort odds so most of my profit came from trading in live.
I'm also noticing i'm not having enough patience to trade so many hours so i'll be considering trading less races p/day from now on whenever i see fit.

07/05 - +131,02€

Unlike yesterday today the markets and races were awesome for my pre race trading, i think around 80% of my profits came from pre race. It's the second time in four days where i got a 100% green day which is just awesome.

08/05 - +96,17€

Strange day today, i think i traded alright but my in play trading was far from the best, got a big red when i couldn't close my position fast enough as it completly flew against me, on the other hand i did get a couple of big drifts in my favor so i guess i can't complain.

09/05 - +69,67€

Traded a lot less races and almost exclusively pre racing today, markets were good to me with the exception of 1 race where i was caught in a very bad position and didn't cut the loss fast enough leading to a bigger red that could have been avoided.

10/05 - +115,90€

Had a great start today, made +30€ in the first few races which then led me to a nice and steady day 100% green once again. 
Unfortunately i just received terrible news today so i'm not sure if i will be able to trade at all during the next few days.

11/05 - Day Off
Withdrawn profits from previous days leaving a 500€ bank to continue trading.

12/05 - +93,25€

Pre race markets seemed a bit aggressive to me today, was caught in bad positions quite often but everything turned out ok. Could have done the rest of the daily races and try to get to 100€ profit but having to get up at 3am tomorrow for work means the smartest thing is to stop now, eat and sleep early.

13/05 - +75,69€

Not happy at all today, did some rookie mistake that i sadly tend to repeat from time to time, chasing reds...
Yep after all this time and experience and knowing what i should and shouldn't do i still do some of these mistakes that i guess we all do.
On the positive side i know exactly what mistake i did, when i did it, and why i did it...
This is nothing new so i guess i just have to punch myself in the face before i turn an occasional mistake into a regular mistake and in the process lose a big part or even all of my bank.

14/05 - +88,51€

Nice and steady day, profit came mostly from trading in running.
Once again could have done a few more races to try and reach 100€ but i was already bored so i ended my trading day a bit sooner.

15/05 - +125,12€

Very good day today, was focused all day and i hardly remember making any big mistakes which is awesome. I do like these days where i think i don't have much profit and when i look at p/l at the end of the day i get a nice surprise.
Won't trade the rest of the races as i need to sleep early, perks of starting work at 4am.

  
16/05 - As i predicted a few days ago i'll have to put this challenge on hold for a few days as i most likely won't be able to trade for a while, it won't be long though, hoping to come back by the middle of next week or next saturday worst case scenario.

 Edit:

16/05 to 31/05 - +184,61€

Sorry for the lack of recent updates, i've been going through quite some stuff in my personal life lately so my free time has been a bit short. I will continue the challenge but will probably update less regularly from now on.

May Total
04/05 to 31/05 - +1252,89€

Last 3 months

Hey guys, some people have been asking me lately if i'm still trading or blew up my bank amongst other things, so this post is just a quick update on my last 3 months.

I confess i did get lazy with the blog, i didn't knew what to write about anymore and i know you guys most probably don't just want to see P/L prints, but i honestly just don't know what to write about, i just keep doing the same boring stuff day after day so there isn't much i can talk about anymore. But moving on...

After my last post at the end of 2013 i didn't get to trade much, i was a bit sick from trading so i took a step back and in January and February i didn't trade as much as i usually do, at the beggining of March i got back to trading "full time", my results have been good enough for me although i might want to try and step up a level in my horse racing by the end of this year, i still didn't get to trade the favourites as i just keep leaving it for next month, in my defense i just don't feel motivated to do it as i'm having ok profits trading the underdogs and i'm pretty sure when i get into trading favourites i will lose some money before i can learn how to win some...

Just would like to say that i have been trading a lot more in live since March, my profits probably have been around 50-50 between pre racing and live.

Challenge Complete

Another small challenge succesfully comes to an end!!!

This challenge went reasonably well, although i didn't get to trade as much as i initially intended i still traded almost everyday but i confess that a few days i wasn't trading at 100%, this happened for several reasons, first because it was christmas time and having an almost 3y old daughter means i do have make an extra effort and try to make everything i can to make my little baby happy, i came to realize that this was actually good for me, asi said in a previous post, before November i was working so the time to trade was limited, since November i was spending a lot of time trading, pretty much from the first to the last race every single day, the bad thing about this for me was that i was finding myself bored very often and doing a lot of mistakes because of that, for instance surfing the web between races and not realizing races were about to start and when i did i sometimes forced my trades a little bit, even if they went well most of the times this isn't the way i like to trade... Well i don't need to really talk much about this, i'm sure some of you who trade several hours consecutively might understand what i'm trying to say... It's important to be fully focused at all times when trading, and i do notice i have better results when i am focused, the really hard part is to keep focused, race after race, day after day, month after month...

I'm happy with how the challenge went, happy with the profits, and happy with the small number of mistakes i did throughout, for all this i consider this challenge a success.

23/12/2013 to 31/12/2013: 284,62€
Total: 524,43€

Happy New Year!!!!!!!!

Days 6 to 12

I haven't been trading much since the last update, with christmas just a few days away i did have to put trading on hold for a bit, but i've still managed to make just enough to finish the challenge.

Like i said at the beginning of the challenge the profit wasn't the real target for me, i guess i haven't traded enough lately to really say i stopped making those stupid mistakes, i still made one big mistake as i've said in one of the earlier posts but since then i have been trading much more on the safe side, no real big profits or losses, still the green/red ratio as been good enough for me.

I'll probably update again at the end of the month if i get to trade that is.

Until then, Merry Christmas!!!

Day 6 to 12: 86,92€
Total: 239,81€

Day 5

Slow day today with not many races to trade so i also traded in the IRL races, still trading 100% pre live.

Day 5: 24,67€
Total: 152,89€

Day 4

Had a good day today, could have been better in terms of profit but today i traded pretty much on the safe side and i confess that this is probably how i should always trade, by trading this way i get a lower average p/race but at the same time i do get less reds and don't get caught in bad positions so often, i think i traded pretty well throughout all day, as i said yesterday i didn't trade in live at all and i was pretty focused all day, so if i'm looking for a day to serve as example today was probably it.

Day 4: 64,76€
Total: 128,22€