A few people (referring to my In Play racing methods) mentioned Croquembouche. Yes and what a pick it was, but NOT because it won! I am a bit concerned already that some people are falling for the old “Wait… it might WIN!” problem, which plagues the In-Play trading stuff for obvious and natural reasons. It’s crucial to resist those urges. You want to capture a modest but healthy spread of ticks from a predictable price movement, you do NOT want to win a BET. It doesn’t matter who wins, not to traders. The problem is that if you hold on and, as in this case, someone gets a 34-1 winner, the buzz is SO enormous it’s almost impossible to resist doing so again, and this basically cuts your trading very short because it sure as hell won’t happen very often. Bag the easy green. As “Al” said in his message:
“Never headed from the start, I was in at 34 and out at about 20! Lovely winner but holding on is purely gambling”.
I couldn’t have said it better myself. So well done to Al and for one or two others who either did hold on, or wanted to, you were all wrong to be even thinking about doing so! It was a photo finish too, for those (few) who held on, tell me you weren’t sweating buckets, go on! Tell me how you would have felt with the coin toss going the other way on that photo?! So you go from high as a kite, to down in the gutter, emotionally speaking. That’s a surefire way to over-indulge on the emotions, and as its emotions which present the greatest threat to any successful trader, just stay the hell away from them! Al was relaxed on entry, and relaxed on exit. He was probably making a cuppa when some people were sat sweating and/or praying. Be the cuppa maker, not the one with the sweaty palms clutching a Bible!
P.S. Croquembouche wasn’t without some competition on the stats, so yes it was a trade and he had a clearly strong trend, but given the competition from a good 4-5 other horses, it was certainly not a full stake trade, not in my opinion anyway 🙂
Good to hear he was spotted though, which at least confirms I managed to explain how to find them!
Cheers for now.