Paying price for adaptation and trading error trigger revealed

Hello everybody,
These 3 days was a struggle for me. After Aintree meetings I needed to make some adaptations,  to trade more carefully and to watch markets more than to put bets. So in Tuesday I got a first looser day in this month for being too aggressive and putting too much money in the markets. After paying that price in Wednesday I made these adaptations and started to trade more carefully, so it lead me to some profits. However yesterday I screwed up again. It seems I traded 13 markets okey making +50 profit, but in the next few I managed to make some trading errors and lost about -100 getting in the old IN-PLAY.  I was staying all month without in play involved. Indeed I understood how that crucial sabotaging mechanism was triggered and its a good lesson for me.

So it works like this: I get few low quality markets, I mean markets that do not suits my trading style, doing almost nothing, getting bored and somehow I put some bad trades without good odds to my edges, and I lose money. Then that sabotaging trigger works out "I AM STUPID THAT I MADE THESE TRADES, I SHOULD STAY AWAY FROM MARKETS LIKE THESE, HOWEVER I CANT ACCEPT THESE LOSSES BECAUSE IT WAS NOT MADE BY MY EDGES NOT WORKING OUT, I SHOULD GET BACK THAT MONEY AS QUICK AS POSSIBLE". And you can imagine further scenario, how I am loosing money "in play". It's interesting that I "know" that I am doing bad thing, but I can't stop myself. So in the future I need to recognize this sabotaging pattern and firstly I need to stay away from making low quality trades. However if these low quality trades was made, I should STOP instantly and think how further stupid actions can make me feel and how my PL is going to be hurt if I am not going to control the situation, I should take some deep breaths, calm down, take few minutes off and then return to the markets with fresh objective mindset to look for my working edges.

It's funny how my PL developed this month. It's seems that my April PL chart got resistance, and I got double top there, if I trade my PL I would put my entry right now for reversal. LOL, I am not going to do that, and I am not going to sabotage my PL.

One of the hardest realities in the pre race markets is that you need to make very fast adaptations, sometimes it's seems that every day markets are quite different than they was yesterday. A successful trader should develop that flexibility.

That's it for today, I wish good luck for you and a green day in your PL :)

Almost clean sheet and some tradable patterns

Hello,
Yesterday was my birthday :) and I made a gift for my self, almost clean sheet, just one small loss. It's my record per day, I mean trading only pre race horses, no inplay involved, no tennis :) I am getting better, markets too, got some profitable strategies and I am increasing my bank and stakes size slowly and steadily. LOL, I already made in this month more than in the past 3 months. I believe that one year hard work is gonna pay some dividends at last :)

Actually these profits are made with scalping bigger odds than 10. However if there is favorite with low 2-3 odds I always trade them.

Some swing charts, if you watch my older charts, where I putted some entry, SL, and exit marks, you gonna understand how I trade them too  :)

Sometimes its very hard to trade these swings, because in horses we get a lot of  false break outs, and sometimes I get frustrated then price just fly away from my stop loss. But I noticed that I am making less trades and I am becoming more patient, waiting for developing bigger swings.

That's it :) Have a nice and green day

March result and Brain Synchronization

March results
Hey there!
I managed to finish March with €284.69 profit. It's not bad, but not so satisfying too. In this month I got few unnecessary big losses: one time got in play again, lost 80 like always. Other big losses was with US racing, what I was experimenting with. Bloody hell they suspend events to early! And my bet leaves on gamble, and strangely always from a back side. I was even watching live video, but it worked like this: market got SUSPENDED and I hear in "live" streaming  commentator saying ITS A POST TIME. So I had 225 loss in this month , which could be easily avoided. Here you can see my PL graph, with big sharp downs. No trading US anymore, only UK and IRE horses.

But what I can say I am getting better and I am staying away from a trouble more times than not. When I will be able to not make any trading error, I will get consistent result, what I am seeking for.

At last I got "The Psychology of Trading: Tools and Techniques for Minding the Markets" . And I am in the middle of it. It's so interesting for me! I always liked psychological stuff and then it got mixed with trading it   become for me mostly interesting book for ever! Maybe in the second part of the month results got better because I started to read this book?


Calming down and concentrating your brain
Very interesting thing what I started to use few months ago is "brain synchronization" with a headphones. Put that in google to know more :) I believe it is working nice with me, I started to be relaxed and more focused in my trading, losses don't make me angry any more. Actually Brett N. is using similar technology in his trading too! He says its very important to put yourself in the best performance before trading, relaxed, calmed and highly focused. Just read about it in his book. My favorite tracks is "Total relaxation" and "High focus", you can download it here . Also I bought something for myself, headphones!  PHILIPS SHP8900/00 :)

Gonna put some charts with explanations and some patterns what I am looking for in the them. Actually I am becoming more and more busy, next week gonna start to go to gym again, also I am writing my finishing bachelor work, every day reading and trading too. But gonna find some time to scan my all chart and find some nice :)

So that's all, have a nice day!