Posts Tagged summer
Make hay while the sun shines
Posted by Peter Webb in Bet Angel on August 1st, 2011
You may remember this post from last year: -
http://www.betangel.com/blog_wp/2010/08/16/working-holiday/
With regard to the title, never has there been a more apt phrase for sports traders.
In the Summer there is wall to wall sport and opportunties appear at will. In the winter you are digging around for every penny, but pon top of that you also don’t know what the future will bring. So making the most of it while available is always a sensible move, I hope my excursion last Summer has highlighted this for you. As long as you have a supportive family you should also take an opportunity when it is presented to you. I’ve learnt the hard way that this should be my default modus operandi.
While it’s nice to plan for the future, the problem is that is hasn’t happened yet; so always focus on the task at hand while setting down future paths.
An ill wind….
Posted by Peter Webb in Bet Angel on November 26th, 2010
Tis an Ill win that blows no good, so they say. With an ill wind blowing down from the artic it looks like racing is going to suffer badly over the next week. Saturday is pretty much a wipe out by the look of it.
So….. Hopefully you can now see the context of this blog entry back in the summer.
I know it seemed odd to some that you would put trading first in these situations. But that week back in the summer will likely lead, excluding exceptionals, to 5 times or more than I am likely squeeze out of this week. Making hay while the sun shines has never been so apt! The good times in the summer can easily fund time off in the winter when opportunies are sparse. But when opportunity is available at each turn, you would have to mad to ignore it. That week and this should help you understand where I was coming from.
Make hay
Posted by Peter Webb in Bet Angel on August 25th, 2009
Never was a phrase so true as in the horse racing markets than, ‘Make hay while the sun shines’ literally. During the summer we have wall to wall racing and a lot of quality then as we transition through to late August into September that just falls away.
The evening racing grinds to a halt and a card that could provide a top up to a good day or a serve you a get out of jail card, suddenly isn’t there. For new traders it can be a tough adjustment, but for us old hats we come to accept the territory. Seasonality is inevitable and ends up as part of your performance.
The summer is the time to push the boat out and try and set some records but the nearer we get to deep winter my focus changes to try to squeeze what I can out of each market but it a safe manner. I don’t have many races to turn things around if I make a crass error. I also shift my focus to football where there are a number of opportunties available at times that are complementary to racing, they can also be very low risk.
While there is less on the table it also has an upside, you get your life back! Evenings are suddenly free and there is less pressure on to achieve what can be daunting figures. While the flat racing is winding down, there are still plenty of decent meetings left and it’s not impossible pull out decent results, even from intermittment days. So there is still plenty of hay to be harvested. Here is my best effort today, nothing special but one of a number of decent results to make for a moral boosting day.
