Cheltenham tips
After a couple of weeks behind the desk in full trading mode, a good Saturday and Monday behind me I am about as ready as I ever could be for Cheltenham. I just hope it is ready. Last year was really tough and was a big struggle based on the previous year. It felt completely different. I'd love to offer up a prediction for this year but I am afraid I can't. I'll probably have a better idea of how it feels tomorrow evening though. I'll post up if I have any thoughts. Don't take no post as a negative, just use it as an indication that I am too whacked out to post!
One thing you will will notice with the markets at Cheltenham is that there is a lot of money around. This tends to squash price movement and this can be a problem for people used to more volatile markets. If you think about this, rather than viewing it in a negative fashion, it also has some beneficial effects. In more volatile markets it is not uncommon to see a price move from say, 2's to somewhere approaching 3's. That doesn't typically happen in the bigger markets, so you can take on more risk if you wish. It's a high stakes game but one that works wonderfully well if you get it right.
My first objective is to try and get a £100k turnover race through as quickly as possible this week. If I can do that early in the week, I can set myself up for a crack at a record race later in the week. None of that is guaranteed of course but there is no harm in trying!
One thing you will will notice with the markets at Cheltenham is that there is a lot of money around. This tends to squash price movement and this can be a problem for people used to more volatile markets. If you think about this, rather than viewing it in a negative fashion, it also has some beneficial effects. In more volatile markets it is not uncommon to see a price move from say, 2's to somewhere approaching 3's. That doesn't typically happen in the bigger markets, so you can take on more risk if you wish. It's a high stakes game but one that works wonderfully well if you get it right.
My first objective is to try and get a £100k turnover race through as quickly as possible this week. If I can do that early in the week, I can set myself up for a crack at a record race later in the week. None of that is guaranteed of course but there is no harm in trying!
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