8th september

Well another quiet day and not much activity with no bets and poor trading conditions.

I wanted to discuss the trading process a bit more today and discuss witha retrospective view the last 5 days, which have seen the mechanical trading strategy that i am currently using and teaching in its embryonic stages

Now the first point is the poor racing of late and the decimation of the fixtures we have 5 days trades but in truth we actually have based on past experience about 2 days worth of trading.

Previously using this method i like a target of 3% a day, that is in truth long term arather soft target but it is a good target to have in mind. On 5 days trading then based upon that i would expect £15 return on a 100 bank. Obviously if compounded this would alter the results (i talk about this more in my tutorial)

So after 5 days we have experienced only 16 trades and i would ordinarily have expected a lot more activity but i will examplify what has been achieved. You can see the results i have recorded and charted and you can also se my betfair test account. Now £12.15 is not a monumental return but as this week was so bereft of activity it would not be a prticularly grim result. We can also see that although there is a seemingly nasty dip towards the end of the graph i have added a trend line to show the general correlation.

We will be able to see how the progress continues as i will periodically upload the most current graphs as to show how the strategy is working out.

If we take the weeks results as a true representation (which would not really be fair) then with a small bank of £500 you would have grown to over 3k within 6 months you could then take an amount of £300 a week as pocket money which is a nice regular amount.