Mistakes

I have been recording my trading lately so that I can go back and see what I am doing right and wrong.  It can be a bit of a whipping session where I get down on myself for making another mistake but I also try and pat myself on the back when I make a good decision.  This could be something as simple as getting out at my stop/loss or even earlier when it becomes obvious that the reason that I entered the trade is no longer there.
A common mistake that I have noticed is that when I have had a loss and stopped out in a race and there is still time to trade in the race that my second trade in the race is more likely to lose as well which compounds my losses.  The lesson is to either stop trading the race after a loss and moving on to the next race or to take a lot more care when going in for a second try.
I also have a tendency to lay a short priced favourite too early.  If I showed more patience I could have layed the horse at a lower price and increased my win percentage on these types of trades.
I also take too long to get away from some losing trades.  Instead of waiting for it to reach my stop/loss I should get out when it is obviously going the wrong way.  I don't mind it hitting the stop/loss if my original idea is still valid, I just don't like throwing away extra ticks when it is obviously going against me.
I had a good day trading on the Australian races yesterday (Monday).  I traded 14 races and had 11 wins and showed a small profit which is good.  I had 2 races that I traded poorly and lost more than I had planned but the good news was that I kept my head and traded well for the rest of the day.  I think my last 8 trades were all profitable which was a good consistent effort.
I have today off so will trade the Australian races and if I am not too tired a will trade some of the UK races tonight.