From the daily archives:

Wednesday, March 7, 2012

March 7, 2012

Smart Racing Trader

System 1

Bank £524.22

7/3 No Bet

System 2

Bank £569.50

7/3 +£46.66

Bank £616.16

All figs given are for £100 trades and have had 5% comm deducted.

I must admit to being totally surprised by how things are going. When I first read this ebook I was impressed by the thought process and the logic behind System 1 and was quite dubious about System 2’s merits. It seemed far too simple to be a good idea and I still feel there’s more of a gambling aspect to this compared to System 1, but having used them both for a little while now I have found that System 1 is quite frustrating while System 2 is happily churning out a decent level of profit.With my fixed £10 max loss level in place it’s not too risky as this is then similar to turning the recommended £500 starting bank into a 50 point betting bank which is pretty comfortable for a low risk strategy like this. Another good point is that all trades are closed before the off, so you are not exposed to the risk of the race not going live in-play.

One concern is that we’re not too far away from the start of the flat season and System 2 only uses National Hunt Flat Races (aka bumpers) and so I’m caught in a bit of a dilemma. Obviously, it’s too early for me to give my final verdict on this product but I’m also aware that part of it is going to be of more limited use in 6-8 weeks time. There are summer  jumps meetings but they don’t come along every day.

All I can do for now is to say that AT THE MOMENT this is going very well, both systems are in profit and are easy to follow and pick up. That’s not to say that it couldn’t all come crashing down and end up as failed but I thought I’d mention the season change as a factor. The no refunds policy stops me from outright telling you to jump right in and try it but I think it best that you’re all aware that part of this book will be of less use to you in the summer months.

Filed under Horse Racing Systems,Trading by Liam

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March 7, 2012

Payback Trader

Nice moves to the downside across the markets yesterday as fears grew over Greece’s ability to pay back their debts and concerns over China’s slowdown in growth. The GBPUSD made its move as usual from an alert line. I made my 25 for the day but in someways days like yesterday where there are strong moves aren’t the best thing for the system. Those, for example who set and forget their trades would have made some large losses as the markets dropped through alert levels rather than rebounding off them as so often is the case. However, if you had been watching the screens yesterday you would have seen the moves and could have still made money on the sell’s off each alert. On the plus side we know that days like these are rare on the GBPUSD at present, so still a :) from me.

Filed under General by Jonathan Wakefield

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March 7, 2012

Smart Racing Trader

System 1

Bank £529.70

6/3 -£5.48

Bank £524.22

System 2

Bank £554.72

6/3 +£14.78

Bank £569.50

System 1 had two bets yesterday, the first did ok and made around £4.50 profit but the second tanked badly and  got out as it approached a £10 loss. I think it’s going to be vital to have that stop loss figure as when they go bad they can go very bad very quickly.

System 2 had another very decent single trade.

Filed under Horse Racing Systems,Trading by Liam

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March 7, 2012

The Laying Game

Day 26 – 06-Mar – Bets: 3  Winning Bets: 2  Profit £-19.00
Total – Bets: 110  Winning Bets: 81  Profit £2.80  S/R 73.64%  Average Odds of 4.99

Filed under Horse Racing Systems,Laying by Arthur

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