Trading Goodwood
From a trading perspective I like multi day high quality meetings. They usually throw up some good opportunities and are a welcome addition to the month.
As you may know these higher quality meetings produce extra volume and that can change the characteristics significantly. But don’t let Goodwood fool you into thinking it’s the same as a Royal Ascot or Cheltenham, it behaves very differently. Goodwood benefits from decent volume but it’s not as much as some major meetings. Therefore it can be a little tricky at times to get exactly right. Goodwood is much better than the normal day to day fodder you are used to though, but not quite on the same scale as other major meetings. Last year, at post time, it turned over around 40% on average of a typical Ascot race.
I’ve often had mixed results at Goodwood, so Tuesday is my day for ‘feeling’ the market and testing its boundaries. Day one has a pretty mixed up card, a bit of everything in there. So it should be an interesting base to work form on day one. There will be a variety of markets in the mix so half decent stakes and care will be my hallmarks for the day. I’ll update you on my progress.
Don’t forget you also have Galway this week as well, so plenty to keep us occupied. If you are off on your hols soon a decent range of opportunities to get stuck into before you head off!
Category: Horse Racing
