Bet Angel Founder, Investor, Entrepreneur
I did a tweet recently that stated a little trading fact, that Chelmsford City was the most volatile course. I had a fairly immediate retort, that stated it wasn’t a fact but was ‘just’ an opinion. It was actually a carefully researched fact.
Volatility
I’ve collected data on volatility right from day one of my trading journey and have built up a massive database of data. One of the things I study is how volatile the market is.
I measure …
The oldest classic horse race in the world is almost upon us again and while it marks the closing of the flat turf season, tradition dictates that it also marks an upturn in financial markets if folklore is to be believed. “Sell in May and go away, don’t come back till St Leger day”
Come back on St Leger day
There is a general ‘theory’ that during the summer stocks languish and only when everybody is back to their desk …
Sounds nice doesn’t it, winning positions regularly topping up your account? Please send your $37 to…….
New strategy
With the start of the jumps season just around the corner, I’m going to be pursuing a new, automated, in-play strategy. I did all the hard work last year qualifying what I wanted to do and test the assumptions, which are often wrong. So now it’s time to put it into practice.
It will lose money and on a frequent basis and …
Greyhounds markets are another good example of little and often. The average Greyhound race only turns over £15k or so per race so it’s really not a very liquid market and even then, the money arrives really late. but are very large amounts of greyhound races.
I recently revisited the Greyhounds markets after a seven-year absence. Â If you want some background as to why have a read of this blog post: –
Since revisiting the markets I’ve now …
I started writing a broad piece on Psychology but it got too big, so I’ve broken off chunks and will list them on the blog for your interest.
Psychology everywhere
Psychology isn’t something that is limited to the minds of traders, it’s out there on the sports field and in the associated markets as well. I’ve observed all sorts of strange biases that just don’t have any place in a rational world, but feature heavily and persistently in the markets …
It’s that day of the year that you either love or hate. The August bank holiday in the UK brings a whole bunch of racing, all on the same day.
There will be lots of meetings on Monday and about a billion races. This may seem like heaven for some, but it’s a nightmare for others. Quite a few races will attract little liquidity, a lot isn’t of quality and many races will clash meaning that you can’t do much …
I think it’s safe to say we all had fun watching some of the opening premier league fixtures last weekend.
While it would be nice to think the whole season will be packed full of action of this kind, with remarkable comebacks and sterling fightbacks, Â it’s unlikely.
Trading opportunities
Obviously, a notable match was the champions, Chelsea, losing at home to Burnley who struggled to muster any decent away form last year. I and a number of people picked up …
Goodwood should have been renamed Greywood at the start of the festival, such was the miserable weather that accompanied what should have been a glorious week on the Sussex downs. But it was notable for one particular day.
The weather had a huge impact on the meeting last week and produced a below par performance from me and from the markets. I’d imagine most attendees on course last week, spent most of their time hiding from the incessant rain and …
You may have seen me post up results or information along the lines of ‘If you did this with £100 you would have managed to achieve this’.
I collect and analyse a lot of data and it’s all with the aim of identifying biases and the structural nature of a market. You would be surprised how many markets exhibit biases. Some have exhibited a structural bias for my entire trading career. I’ve casually dropped hints now and again and it’s …
No that’s not a typo! There are two meetings that should get your attention this week.
From a trading perspective, I like multi day high-quality meetings. They usually throw up some good opportunities and are a welcome addition to any month.
Goodwood
As you may know, these higher quality meetings produce extra volume and that can change the characteristics significantly. But don’t let Goodwood fool you into thinking it’s the same as a Royal Ascot or Cheltenham, it behaves very …