Bazbaz trading diary

[bazbaz]

OK so from tomorrow I will be posting results daily along with a description of the days events. Hopefully some will find it useful, I certainly do in terms of maintaining discipline and avoiding doing anything stupid, which is something that has been happening all too frequently recently! Feel free to post your own results or impressions on the days' trading, its always interesting to hear how others found the markets on the same day. Some people probably think I'm showing off doing something like this, but the truth is I'm a lazy bugger and not suited perfectly to day in day out concentration. The thing about trading is that you build your bank up quite slowly, but one mistake and the whole thing can come crashing down. When you rely on this for money you really need to be focused and protect your bank 100% of the time and this helps me to do that

[bazbaz]

I've been collecting some research materials recently to learn more about the racing markets, one thing I've got is snapshots of many bf graphs at different times in an attempt to become better at graph reading / technical analysis etc. I thought maybe it would be fun to post some graphs on here and see what people would predict would happen to each of the runners and why. Maybe we'll all even learn something.....

The following graphs are from the front 3 in a race at Pontefract with 3 mins to go before the off. Obviously you can't say for sure what you think will happen, but any ideas?? I'll post a later screen of the same race tomorrow so you can check your predictions. No prizes for the winner I'm afraid!

[neeeel]

I find it hard to know what graphs are going to do, but if I was going to do anything here I would lay the fav at 1.4 and look for a small swing out. I hate trading races where the fav is low odds tho.

[Scalper]

Nice to see you've moved over here, Bazbaz.

I enjoyed your old 'one month' trading diary.

[Temujin]

Gee, that first graph looks like a similar trend to my bank balance over the last week... :S Fair to suggest I have never been hit this hard in 4 years, every day..... :S

[Talisman]

Looking forward to the posts and screenies, and thoughts.

Not sure what you mean by "bank growing slowly when trading".. How slowly is slowly? $800 to $2k in 2 weeks your original bank x 2.5. Sounds about right to me?

Also, are you using BetDevil or TT to trade? Your screenshot is showing BetDevil loaded.

[TheSurgeon]

Florensky's odds expected to drop with Godolphin followers pushing the price down - looks like a back to me.

Mind you I've been trading like Douggie from Skegness lately

http://www.youtube.com/watch?v=Z_X8EhnwM9g&feature=related

[bazbaz]

Not sure what you mean by "bank growing slowly when trading".. How slowly is slowly? $800 to $2k in 2 weeks your original bank x 2.5. Sounds about right to me?

Also, are you using BetDevil or TT to trade? Your screenshot is showing BetDevil loaded.

What I meant by bank growing slowly is like looking at your p+l and seeing +£4, +£12, -£3, + £8..... compared to what you can see if you make a huge mistake and let one go in play (like -£300) lol

I'm using BD at the moment as I'm used to it but I've been using the toy for research recently, really it is excellent, maybe I'll trade with it in future

[Temujin]

Looking forward to the posts and screenies, and thoughts.

Not sure what you mean by "bank growing slowly when trading".. How slowly is slowly? $800 to $2k in 2 weeks your original bank x 2.5. Sounds about right to me?

Also, are you using BetDevil or TT to trade? Your screenshot is showing BetDevil loaded.

Depends on your bank really does it not? Also depends on your circumstances?
Fair to suggest, even at your rate, somebody with $100, and no income, will not build his bank up very quickly, considering he needs to use the profits to live. Also fair to suggest that you cannot multiply your bank by 2.5* every fortnight, unless your bank never grows.
If your bank is not growing, yet you are making 2.5* each fortnight, is your bank really growing?

Ok. So point is, you are picking out some things where it will be completely defined by the person involved, their situation, goals, and ability.

[Temujin]

compared to what you can see if you make a huge mistake and let one go in play (like -£300) lol

lol.. I am using liability staking 2k for Aus at the moment. This week, I had 7 screw ups. Mostly my fault for trading too close to the off. Every one I needed to win, missed the kick by lengths. Every one I needed to lose, got the jump. Lost every bet...... :O
The last one was my favourite. Commentators said "we have time, we are waiting for Geelong." So I entered a trade, "Good start, except the favourites missed it by 5."... WTF? Waiting? Didn't need that 1800 anyway...... :S

[bazbaz]

lol.. I am using liability staking 2k for Aus at the moment. This week, I had 7 screw ups. Mostly my fault for trading too close to the off. Every one I needed to win, missed the kick by lengths. Every one I needed to lose, got the jump. Lost every bet...... :O
The last one was my favourite. Commentators said "we have time, we are waiting for Geelong." So I entered a trade, "Good start, except the favourites missed it by 5."... WTF? Waiting? Didn't need that 1800 anyway...... :S

THats rough! I've had those happen to me before, fortunately I had back up at the time. Have you heard about the new betdevil VPS service where australian users can access betfair including the uk races with the same connection as if they were in the UK?

[Anonymous]

Have you heard about the new betdevil VPS service where australian users can access betfair including the uk races with the same connection as if they were in the UK?

Firstly don't forget there is still the time it takes between your home PC and the VPS

Also you can get that VPS yourself and for slightly less than Bet Devil offer it

[Temujin]

THats rough! I've had those happen to me before, fortunately I had back up at the time. Have you heard about the new betdevil VPS service where australian users can access betfair including the uk races with the same connection as if they were in the UK?

I have had a VPS for around 2 years now. I hardly ever trade UK races though, these were all Aus races, and most of them aren't offering in play. I think there was 2 that actually went in play, but they missed by so much from word go that I couldn't get off anyway.
I see no reason to get a VPS with Betangel when I can just do it myself. Not sure of their setup, but I can do whatever I please with mine, and use whatever trading platform tickles my fancy.
The Toy seems to run well enough for me without using it, and it seems laggy on the VPS, so until I have issues with data usage, I think I will just run it locally, for races, and just use it for, ummm, other strategies...

[1/4 of a millionaire fund]

Never quite understood why people use VPS for trading, obviously for botting it makes sense to reduce that distance between you and betfair but with trading surely it'll just add extra steps into the loop.

[Temujin]

Never quite understood why people use VPS for trading, obviously for botting it makes sense to reduce that distance between you and betfair but with trading surely it'll just add extra steps into the loop.

There are a few reasons. I am happy to tell you a couple of them.
As an Australian, I am linked to the International server in Malta when trading from Aus. From the UK, I am straight into London. Actually takes out a couple of steps. (at least that is how it used to work).
Also, we are in the dark ages as far as internet is concerned. I pay 150 bucks a month for 60GB internet package. That gets used trading. Go through the VPS, and the majority of the data goes through my VPS unlimited account. There are also other major benefits, but this is not the place to discuss them.