Learning the lessons

Again, I find trading profitable but my own greed and lack of self control mean I do stupid bets like laying horses in play etc this results in losses that need not happen.
I also tried tennis for the first time. Not good, lost money again to silly errors but I know more now and I can see why people like trading on it.
Have included screen shot of today, small returns but kept my control and just traded so quite pleased.

In running

Why do I bet in running?????? as soon as I lay the horse, it seems to get an outboard motor from somewhere and zooms up to win. This has happened twice now at wolv and I need to learn the lesson!!!
When I trade I find that it works, yes it seems little return each time but I find that I am now doing 3 to 4 trades per race and able to look at the market and can get in out at the correct times, I just need to be more confident and do this rather than GAMBLE for larger returns. IDIOT!!!!!

Not a good week £40 down mainly due to one bet of £50 not being taken due to my greed on price, I then felt it would return in running, but it didn't. It would be nice if the toy had a stop / loss system, but would I have the discipline to use it?
Anyway, plenty more days in March to recover.

27 Feb

Not a bad day. Trading using the "the toy" which I have been using for a week now and i am slowly getting familiar with it. I used to use Bet Angel Pro which I also found I needed a couple of weeks to get the hang of it.
I need to build up confidence that the buttons I press will do what I want when I want and I must say I do like the toy, for a free piece of software it is fantastic. I will go into more detail how I trade with it in the coming days but I am very impressed with the speed and ease of use. You need to be sure when trading that the software is up to scratch and this so far fits my needs.
I started out on the 21/01/10 with a £50 bank, this enabled me to learn with trades and not to lose a lot of money if I stuffed up! I did make mistakes, wrong point of entry into a market (still do it) but I have learnt a fairly successful system & my bank has grown to £135 (as of 27/02/10) Very small change to some people I know but I am happy with it so far.

Feb 27th 2010

I have been experimenting with sports betting trading software since the end of Jan. Before this I was laying horses, which for 90% of the time was Ok. However, as everyone knows you only have to have one come in to blow your bank.
This happened on more than one occasion and thats why I know use trading software. I have found that through the course of the last month this has more than doubled my initial stake, which was only modest due to the fact you have to learn the software.
Throughout each day I will post my results and show my betfair P&L for that days trading, any feedback on your thoughts will be most welcome.