Two very contrasting days
You couldn’t wish for two contrasting days in the racing markets this week.
Boxing day was pretty chaotic and messy, that wasn’t entirely unexpected; but it was much chaotic than I wished. Very few races dovetailed neatly into one another and overall volumes on average were down 20% year on year. I struggled to get any fluency into my activity and couldn’t really build any momentum. In fact I had quite a few losers in a row as I struggled to adjust to the erratic nature of the markets.
Yesterday everything ran like clockwork and overall volumes were much more comparable year on year, though slightly down. But the lack of clashing meant I could build some momentum. In fact, I almost made it a clean sweep of the entire card and managed to bagged a profit from 36 out of 37 races. My only blot on the card, a £21 loss at Wetherby. Just goes to show how difficult it can be to predict what’s ahead of you, all you can do is your best with what you are given.
I tend to start cautiously each day then get more aggressive with staking and style as the day progresses. That worked well on the second day and limited exposure on the first. IMHO you can’t completely predict what is in front of your so this is a good tactic and ensures you limit your overall losses when things are not going well and increases your potential when things are pointing in the right direction. The last two days are testament to that.
Today? Probably somewhere in-between I guess, but I’ll be adopting the same tactic till I know which direction it’s heading in.
Category: Horse Racing, Trading strategies
