Thursday, 22 October 2009

A good break

Hello everyone! Sorry it's been a while, I've been on my last holiday of the year to St. Lucia where I had a very welcomed relaxing holiday. It's back to business now, to get as close as I can to my latest revised target. After the two weeks off, trading feels fresh again - which is good - as it was starting to get a bit repetitive.

My first day back was half of the racing yesterday where a few large chunky bets were going through; looked like gamblers' money which threw me off a couple of times. I was very rusty but determined to get back into shape. I didn't do too badly considering I went to bed at 8.30am when I got back from the airport with jet lag! Not much else to say at the moment, I will post when I've done a bit more trading.

Thursday, 1 October 2009

September

A slow month for me, similar to August. I don't know how much different this time of year was to last but it certainly feels more restrictive in terms of amount of money I can make. This time last year though, I was still on a steep learning curve and was constantly improving. Now I feel, as I have for the last 6 months, that I have really slowed down learning, to the point where it feels learning has stopped (although learning is constantly going on subconsciously in order to adapt to slight changes in market conditions). I can feel myself tending towards a more conservative approach and fine tuning myself to subtle indicators much better than before, as the markets feel and appear to be thinning out the colder it gets.

Anyway, managed to fit in 11 full working days with the holiday to the US I took. It should have been 12, but one day I was very slow (actually I was hungover from the night before but I decided to trade anyway!) and I let a race go in-play and ended up losing £1,000.. so I cut the day short! I profited £16,172.03 which has been my lowest earning month this year. It's quite hard working on-and-off. I fare much better when I work Mon-Fri, with a bit of trading on a Saturday, and the same repeated the whole month without any random days off.

The service I've been running with Dave, Exchange Secrets, has really taken a positive move forward. Our advice has been very helpful to our members, and satisfaction is what we have been striving to achieve; it's been working. Our advice has been evolving and members have been very happy; many making the service fee up in one advised race. We offer the advice in the afternoons Mon-Sat. This accumulates to about 70 pieces information a month, or between 14 and 20 pieces a week. The information has not only been very helpful in helping our users to make profit, but to also educate them on scenarios, trading advice and to give our experienced views of the market from years of involvement. The information is designed to make you profit, but also give you a depth of understanding to the markets that you do not find explained anywhere else.
The advice has evolved so that we offer on average between 2 and 5 pieces of advice in a days racing, covering our view of the likeliest scenarios for the front 2, sometimes 3, runners in the race. The good thing about offering the likely scenarios if we see them, is that if our strongest opinion of the race goes wrong, you have a scenario to fall back on to in case you are not sure what could happen.

As well as advice, we've also got a live chat room for members; trading videos done by ourselves, offering a more technical analysis of trading on Dave's half, and a more intuitive analysis by myself for our members.

I'm looking forward to the cool Winter months ahead; it's not so bad being stuck inside - it's just a shame that the racing is practically cut in half if you include abandonments due to weather.