I have decided to give the Pre Race Markets one last go, but in order for this to work I have a lot of changes to make in my game and a lot to learn on the way. When I first started trading I had the benefit of doing a mentorship programme with a very good Pre Race Trader called Jack Birkhead needless to say I learned a lot about the markets and how they worked ever since then I have recorded myself when trading in the markets. This has now come in handy as I can refer back to thousands of races I have traded throughout the year, although watching some of the earlier ones was pretty painful LOL!!!!!!!
I have come to the conclusion that the main reason for my downfall LOL boils down to a few separate things although in a way these are all linked.
- Overstaking and not sticking to my staking plan.
- Letting Losses get out of control,
- The dreaded letting my trade go IN PLAY (how i blew my bank in the first place
Basically its down to my mindset and not keeping disciplined whilst in the markets. My plan is to start fresh with a 100 euro bank and put a plan in place so I can eliminate these errors from my trading. I am going to spend the next few days putting some rules in place to ensure these mistakes are not repeated in my next post I will post up what I came up with................................