Panthalassa storms to victory in $20m Saudi Cup


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Panthalassa produced a remarkable front-running performance to strike gold for Japan in the $20million Saudi Cup, edging past Country Grammer.

The Bob Baffert-trained Country Grammer was narrowly denied in the world's most valuable race 12 months ago when ridden by Flavien Prat, before providing Frankie Dettori with a fourth Dubai World Cup success at Meydan a few weeks later.

Following victory in California on Boxing Day, the six-year-old returned to Riyadh as one of two leading contenders for the Baffert team along with multiple Grade One winner Taiba, but Panthalassa set a strong gallop from the off at the King Abdulaziz Racecourse in Riyadh and could not be reeled in.

Trained by Yoshito Yahagi and ridden by Yutaka Yoshida, Panthalassa dead-heated in last year's Dubai Turf with Lord North who earlier in the day had landed a far less lucrative Winter Derby at Lingfield.

Such was the pace Panthalassa set, Baffert's pair were under pressure before the home turn and it briefly looked like it could be a Japanese one-two-three-four with a trio of compatriots chasing Panthalassa up the straight.

But Dettori conjured a storming late rally out of Country Grammer, with the line coming just too soon as he was narrowly denied once again.

Profile

Company: Libra Project

Based: Masdar City, ADGM, London and Delaware

Launch year: 2017

Size: A team of 12 with six employed full-time

Sector: Renewable energy

Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.

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In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

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Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final

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Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

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Updated: February 25, 2023, 7:30 PM