My first day of proper trading

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Wolf1877
Posts: 367
Joined: Fri Sep 08, 2017 10:59 am

I turned my hand to the racing this afternoon and evening for my first day or proper trading with real money. No looking back now.

27 races traded - 22 in profit and 5 in loss. Relatively small stakes today but the money is less important than the proof of concept so I'm very happy with that!
I finished the day with 10 consecutive profits and my 5 biggest profits were bigger than my biggest loss. One day at a time but I am very confident and looking forward to turning my hand hand to the football and the automation, both specialist area for me.

I'd like to convey my thanks to Peter, the Bet Angel team and the forum contributors for helping me on my way. Thanks guys!
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Dallas
Posts: 22674
Joined: Sun Aug 09, 2015 10:57 pm
Location: Working From Home

Good Stuff WD :)
trader44
Posts: 236
Joined: Wed Oct 29, 2014 1:28 pm

nice on wolf :D
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MemphisFlash
Posts: 2128
Joined: Fri May 16, 2014 10:12 pm
Location: Leicester

welcome to the club. slow and steady wins the race as eddie cochran sang in "cut across shorty"
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Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Wolf1877 wrote:
Tue Oct 10, 2017 9:56 pm
I turned my hand to the racing this afternoon and evening for my first day or proper trading with real money. No looking back now.

27 races traded - 22 in profit and 5 in loss. Relatively small stakes today but the money is less important than the proof of concept so I'm very happy with that!
I finished the day with 10 consecutive profits and my 5 biggest profits were bigger than my biggest loss. One day at a time but I am very confident and looking forward to turning my hand hand to the football and the automation, both specialist area for me.

I'd like to convey my thanks to Peter, the Bet Angel team and the forum contributors for helping me on my way. Thanks guys!
Well done Wolf, 22/27 and 10 consecutive profits is good going.

Keep a cool head and keep your style of trading that has so far brought you success. One of the mistakes that most traders have made, including me, is getting carried away after one or two successful weeks, drastically increasing stakes, taking bigger risks, etc.

Good luck.
Bluesky
Posts: 420
Joined: Mon Sep 19, 2016 9:26 pm

Derek27 wrote:
Tue Oct 10, 2017 10:35 pm

Keep a cool head and keep your style of trading that has so far brought you success. One of the mistakes that most traders have made, including me, is getting carried away after one or two successful weeks, drastically increasing stakes, taking bigger risks, etc.

Good luck.
Great advice, I've done the same thing. Very easy to put too much emphasis on either a good or bad run of results.
trader44
Posts: 236
Joined: Wed Oct 29, 2014 1:28 pm

Totally agree with dereks comments. I remember having a great run at the beginning then timing that months Winnings by 12 "already in the bag "I obviously upped my stakes accordingly to my projected imaginary winnings ,then done my bollox in :roll: :roll:
dt888
Posts: 393
Joined: Wed Apr 27, 2011 9:25 pm

Agree with the above comments. Do this consistently for many weeks, only increase stakes by tiny amounts at a time and get completely comfortable with what you are doing. Don't be in any rush

Well done so far, good stuff
trader44
Posts: 236
Joined: Wed Oct 29, 2014 1:28 pm

Heres a better one though.I was full time but only a few months ,,I had won 17 days in a row and very few losing trades a good run for me " I had the supertrader cape on" I was invincible I couldn't lose .I bumped into my mate who was training to be a social worker "I wouldn't get out of bed for that money I was thinking " the ego trader has arrived .he asked how I as doing and how my trading was going "I couldn't wait for him to ask " I said fantastic ,making £150 a day ,he said wow thats fantastic ,I then replied I am on course to make FIFTY THOUSAND this year ,he said fook me thats awesome ,I then reassessed and said loudly actually more like ONE HUNDRED THOUSAND..well that blew his mind and I was basking in the glory .we parted and I strutted off with my copy of the racing post under my arm .that day started the most horrendous trading run I ever had ,losing day after losing day .it lasted about 9 days " my cockiness had stuck the kryptonite in me ,supertrader was crumbling ..anyway I recovered after eating some big humble pie and have never forget that experience haha :D
Wolf1877
Posts: 367
Joined: Fri Sep 08, 2017 10:59 am

Thanks for the comments guys. Predictably it's been a much tougher day for me today and I a made a modest loss overall. Every race card today seemed tricky and there seemed to be quite big chunks of money seemingly "hearding the market" in ways that I didnt expect. On the plus side I got more experience and it was a bit of a wake up call to stop me getting cocky so probably a good thing overall.
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Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

As long as you can keep you losses less than your profits your going in the right direction. You'll eventually get to grips to the variations of behaviour in the markets and adjust your trading style accordingly.

Good luck.
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