A small lapse in discipline

Traded five races today and made a tiny profit but I'm a little disappointed with myself as I let one race go in-running. If you take a look at the screen-shot, you will see that I lost €10.06 on one race followed by a loss of €2.60.

It pains me to say it to be honest - but I was chasing my losses and let a race go in running to win the following €8.69. The sums involved are very small but I feel a bit bad about it and I know I shouldn't let it happen. You have to be honest with yourself in this game and do your best to move on from a lapse in discipline but I do feel genuinely annoyed with myself.

So then, a profit of €2.60 overall but as I say, I don't feel too comfortable with it as I went in-running so I'm not going to record it in today's totals.

Squeezed in a few trades today

Managed to squeeze in a few races today so a profit of €9.21 was very satisfactory.

I haven't been trading much because of work commitments but I hope to do some evening stuff next week to try earn some extra bob before my wife's parents come over from Canada in July. Only traded four races so nothing exceptional to report. I was probably using bigger stakes than I should to be honest but I knew I only had an hour or so at it so I had to make the most of it. One market went against me and this was mainly due to a lapse in concentration when my daughter came in looking for an ice-pop.

Ideally, you should lock yourself away in a room when trading but it's easier said than done - especially with a young kid. Basically, I missed the trade and the price went against me while cutting the top off an ice pop!

I should have got out immediately for a fiver loss but I held on which ended up costing me nearly a tenner. Still, profit is profit and I'm still doing well target wise.

Starting bank: €1,000 (beginning of May 2010)
Target for end June: €1,102.50
Today’s opening bank: €1,236.69
Today’s closing bank: €1,245.90
Today's profit: €9.21
Today's turnover: €10,289.19

Should be back trading soon

Just a quick note to say that I haven't forgotten about this and will get back to it shortly - I've had a busy couple of weeks but should be trading again in another week or two. As mentioned before, I'm well ahead of target so I'm not too worried about missing a week or two.