Thursday, 15 March 2012

Cheltenham 2012: Day 3

My spirit took a beating today...

I got off to a great start in the first at Cheltenham and was £50+ up but a last minute trade saw me scrambling to red out in-running. That didn't set me up with the momentum I needed to go on and have a good day, and a few other setbacks made sure I wasn't going home with much.

But my silliest blunder was to assume that Cheltenham's 17:15 charity race was ever going to go in-running. Another last minute trade saw my £150 stake get matched just before the market suspended and all I could do was hope that the selection would come good in the race. It didn't. Another lesson learned (I hope!)

To say I'm a bit pissed off at the moment would be an understatement. I had a really tough Feb and profits were down on last year, and this month is looking a bit ropey too. Don't get me wrong, it's not so bad that I would ever need to contemplate getting a proper job, but I'm considering going back to basics.

This means keeping a record of each day - as I did in the beginning - noting the profit made, the rolling profit for the month and a short summation of my behaviour that day. This really helped me back in the day and is probably just what I need to steady the ship once again. I suppose that, in my efforts to push for greater gains, I'm actually hampering my own performance by heaping lots of pressure on myself. I don't need a fortune to live off, and yet I'm trying to play with the "big boys" and getting pummelled as a result.

Pure greed scuppered me in the first race: once upon a time, I'd have been pleased with earning £50 from a race but now I'm not satisfied until that £50 becomes £60 or £70. For the sake of my blood pressure, I really need to get back to that situation where I'm just being happy with whatever profit comes my way.

A year ago, I never thought I'd be writing a post like this but it just shows that, once complacency creeps in, things can quickly unravel.

I'm putting my video production on hold at the moment until I can be sure that what I'm demonstrating can still yield a profit on the right day. I've got 5 videos in the can as it stands, but since I filmed them in late Jan/early Feb, it appears to me that the pre-race markets are too volatile for me to even get involved with any confidence; I don't remember them being this bad last year??


  1. Unlucky mets, but it was only that last race blunder that put you at a loss for the day - did you consider doing Wolves as you could have recovered on the day with more regular races. Luckily I run some API in running bot stuff so noticed the race was a crappy charity race not going in running, otherwise I'm sure I'd have been caught out too and you can be sure others were too.

    Complacency is a killer in this game so it's a good idea to get back to basics every once in a while, but I wouldn't go overreacting as you're still up for the meeting and the odd race cock up is always around the corner for all of us.

    I'll avoid mentioning how much I picked up today , don't want to rub salt in the wounds.

  2. Yeah, you'd better not tell me what you made or it might finish me off altogether! ;-)

    I didn't bother with Wolves as I can't be arsed to sit around for 1/2 hour between races. The best thing for me to do in that state of mind is to switch off the PC and go and do something nice with the little one.

    I saw it was a charity race but didn't for one second consider that it might suspend in-play. Oh well, tomorrow's another day!

    I'm not that bothered about it all really, it just helps to vent on here for future reference...and it may even prevent others from making the same mistakes! I've had plenty of shitty days that have been quickly forgotten about as soon as the next big pay day comes along.

    Wish I knew what your secret was though ;-)


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