As a short-term trader the last things you should do are read form and watch racing on television. This is for people who wish to gamble on the outcome of the race.
Not only are they distractions from trading but they implant biases in the trader's mind that detract from his ability to concentrate solely on the numbers and the patterns of movement they create. A trader shouldn't read the racing paper or switch on the television and should only log in to Betfair at the most 20 minutes before the first race.