Don't fall in love (with your trades)

Excellent advice over at Richard Wildman's blog about not getting married to your position. It's a basic trading principle to accept when you've got something wrong and cut your losses.

Unfortunately Richard himself fell victim to the mistake and chastises himself as a "newbie" for it. A bit harsh! Getting married to your positions can happen to anyone - even successful traders - as The Betfair Trader showed over the weekend. Richard's piece is well worth a read. Short but food for thought.

Equally as interesting is the entry on Make it Pay and its observation that the life of a punter is a strange one. Where else asks the author do you have to learn how to lose before you win? The question is borne out of the frustration of a losing day.

And there certainly seem to be a fair few of those around. After a few weeks without making a blog entry the Call of the Wildcat is back to report on a nightmare November. While after a hefty loss over the weekend The Betfair Loser has come up with a few new ideas to go forward with.

It's not all doom and gloom in betting blog land though. Congratulations are due to JP over at JP's Betting Blog who has just passed through the £5,000 profit mark.

While Jon over at TalkBet appears to have had something of an epiphany. His eureka moment involves the inrunning football markets where after year's of trading on them it seems he's finally found an edge he believes could improve his profit.

Err, wouldn't mind sharing it with the rest of us would you?!