A few years ago now I done a diary on here for trading which went wrong, for many reasons i.e trading on anything for the sake of it, had no stop loss, no self control, no stake pattern, no money control, chasing losses etc.......
Here is the very short diary if anyone is interested. http://www.thegamblingtimes.com/boar...ing-diary.html
Anyway I've been having ago again and doing ok with it, more green days than red anyway.
I have been using geeks toy and trading the horses, basically queuing bets where there is no money and as the odds move one tick away from where im queuing, I have been placing a bet knowing that my back/lay is first in line when/if the odds keep going that way.
The only three rules I have so far are
1) Get out the trade once the race gets to 5 mins before the off as the odds go berserk after that.
2) I have a stop loss of 3 ticks set so I don't wait for them to come back in to find they carry on going out.
3) Once I hit the 1% for the day I will stop.
Im starting with a £500 bank and I will be aiming to add 1% to that each day I sit down to trade.
I wont be trading everyday due to work but everyday I do I will post a screenshot of that's days profit / loss.
If I start making constant losses I will stop before I loose the entire bank. It's gonna be a slow and gradual build.
But hypothetically if I was to add 1% to the bank everyday for 1 year successfully, my bank would grow to just short of £19,000. I'm not expecting that but that's what im gonna keep in my mind to keep me from going off the rails.
Diary will start tomorrow.
Wish me luck. Any tips/advice/warnings welcome.