No Chicken Counting Here!

It's been a terrific start to the month for the lay system with over 35 points in the bag in just three days. However, as the first two weeks in August showed, it can so easily, and quickly for that matter, all go pair shaped and hit a prolonged losing run.

Nothing has hatched yet, so there'll be no counting on my part. I'll wait until the end of the month, but here's hoping the trend continues.

The latest instalment of the Home Selection Trial starts tomorrow. Head over there to see what's going on and if there's any hope for me.

Very little in the way of horse trading going on for me the past few days, for reasons explained in previous posts. There'll be even less this weekend as my attention turns to the British Touring Car Championship meeting at Knockhill. Lot's of thrills and spills, as long as it all happens where I normally sit. At least this season, each meeting has been covered live on ITV4. Take a leisurely Sunday and watch the action and I'll give you a wave.

Have a good weekend.

August 2010 Summary

Well, it's that time again. Time for me to try and summarise another dismal month for me. My second losing month in a row and my third this year, indeed, my third since I started in Feb 2008.

August has been a frustrating month resulting in my biggest monthly loss since I started. Much of that loss was due to the lay system which started on a prolonged losing run as soon as I started putting my hard earned cash on it. Par for the course really. I stopped midway through the month only to see the system pick up in the last 10 days.

You just couldn't write the script for it.

A Dramatic Recovery

Unlike my trading, the lay system has seen a dramatic recovery over the past week returning the P&L back into positive figures and giving, as I type, the highest value since it started. Of course, this was bound to happen since I stopped putting money on it. :)

Over 50pts have been earned over the past seven days and is much more like the sort of performance I'd seen in May-July. The question is, why the deep and prolonged dip in it's fortunes over the past 3-4 weeks? Just a natural statistical blip that one might expect in any system, or something more interesting?

Oh Woe Is Me!

"Not again", I hear you say. Well, this may very well be the last time you hear me say it, as I have come to the point where I have to seriously consider my life as a trader. At least as a horse trader.

Twice today I was caught by someone with a hell of a lot more money than I have, suddenly bringing the price in from around 12.0 down to 7.0 in less than 5 secs.

The first of these happened early this afternoon when my lay sitting at 9.2 was swept aside as the market went from 12.0 to 6.8 in a handful of seconds. I managed to get out at 7.6 for an all red screen of £10.53.