I'd asked Mark from the Trading Horses blog how I would get into trading as I consider other ways of making money out of this business. Mark mentioned there were three key things - patience, discipline and overcoming the disposition effect. These are certainly relevant to my betting portfolio as well. Certainly need the first two - definitely lacking and do sometimes bury my head in the sand. Overcoming the disposition effect - or cutting my losses rather than dragging poor performing services on forever - is also key.
As I mentioned yesterday I'm not going to rush into anything though and will play things out over next few months.
Anyway thought I'd give a weekly update to see how things are progressing.
Overall - £94 profit on the week. An excellent start to the week - putting on just shy of £600 up to and including Wednesday and then falling back the rest of the week.
A good week for... Steve Lewis Hamilton - £341 on for the week with two good winners. Wrestled back most of August's loss now which is good to see - with the NH season just round the corner hopefully we'll see some more scores on the door.
A bad week for... Mr Gekko Bets - 1 winner out of 12 on Saturday - dreadful start to the season.
Other news... Equine Main Account continues to disappoint with £67 loss on the week.
Looking forward... this week I'm away abroad for a few days Thursday - Sunday so will struggle to get bets on but will aim to keep going I think.