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Thursday 3 September 2009

"Instinct"

You'll hear a lot of pro traders talk about "instinct" when trading races.
In my opinion it can’t be taught and comes purely from experience and putting in many hours watching the numbers. You develop a feel for the market and confidence grows as you start making more and more positive trades. I had lots of ups and downs when I first started, it’s a huge learning curve and you have to be prepared to lose money to progress. I was very close to quitting when something just clicked, I started getting a feel for it and was trying to make £10- £15 a day consistently. That soon turned into
£50 £75 and its been positive ever since.    
                                                                       Wednesday 2nd P&L

                                                                    

I’ve had a great start to the week, I’m 100% focused and confidence keeps growing. Yesterday was very solid and today is still not over however,
I’m prepared for a knock and wont get carried away, you never know what’s around the corner.

3 comments:

  1. Samm

    Good luck with the Blog. I will be reading with interest.

    Drifter

    ReplyDelete
  2. Lol. I know the "quitting" feeling, making money betting is a doddle compared to trading,

    P.

    ReplyDelete
  3. Hi Sam,

    I was just updating my blog and commented that this post is probably the single most useful post that you could ever read as a beginner trader. Credit where credit is due!

    Cheers and keep up the great work!

    Mets

    ReplyDelete