It's been a few weeks since the last post, and I'm glad to say the trading journey continues. It been a hard slog, with tiny drip of profits coupled with slightly larger losses. The graph shows the ups and downs since I began. However, all things considered, I'm quite happy with the way things are going and its only by following my trading plan, and cutting losses, that I have made it this far.
I have been looking into adding two different strands to my trading, in order to add slightly different methods of betting. The first one I have added is a dutching method. Its taken me a while to come up with a method that I can use to pick identifying races and horses, but more importantly, a way to ensure that I am getting value on the dutch. I believe I have a "workable" method at this time, but I'm not sure if it will be profitable in the long term. However, I am using small stakes from today to test the theory out. Also, if anyone is interested, I was inspired by the following article: http://www.raceadvisor.co.uk/guide-to-profitable-dutching/
In addition, I have also added an inplay backing strand. Its quite crude, but its just something I have noticed when I've been watching the inplay markets. Again, I will be testing it out with smaller stakes.
That's it for now, and I wish you all the best with your trading or betting.
Abu, thanks for your analysis and coming up different methods in betting. I might consider those for my next Live In Play Betting.
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