Steady growth

Profit/Loss : 40.76€
Total Profit/Loss : 176.01€
Current Bank : 911.23€

Another weekend, another healthy profit. It's been normal to have a profit of around 40€ per week, that's what happened once again, mostly during the weekend of course. Tried some horse racing but without success and left without losing/winning which isn't bad at all. I don't have the right tools to trade on the horses so I'll try to stay away from those markets while I don't get those tools. Football during the half-time and some inplay seems to be the best markets for me to trade at the moment despite the low profits.

All trades were green once again. This tells me that I'm not making too many mistakes which keeps me happy. However, I shall not trick myself into thinking that I haven't done any mistake, because I did some.

The 900€ barrier is behind me and I'm heading to the 4 digits again at a decent pace. Hope to achieve it during the first month of the new year.

Please note that I've changed the date of the last post because it simply wasn't right. I've started to write it days before publishing it and it came out with the starting date instead of the publishing date.

Mixed Feelings

Profit/Loss : 37.20€
Total Profit/Loss : 135.25€
Current Bank : 870.47€

First of all, sorry for taking so long for an update. That's how I am, lazy!

Let me separate this post in two different parts, last weekend and this weekend. Last weekend I took a loss of -8.86€. I made so many mistakes that I should have been wiped out. It all started on friday night with an NBA match between the Chicago Bulls and the Detroit Pistons. I always seemed to be on the wrong side and taking constant losses and getting pissed off about it. I had a total accumulated loss on the Pistons of around -60€ and 0€ on the Bulls. The Bulls were in front near the end of the match but were leading by just 4 or 5 points. I told myself that I couldn't afford a loss of -60€ so I took a hard decision of dividing the loss and taking a -16€ guaranteed loss. The Bulls did indeed win the game, very hard to swallow. This trading was in the back of my mind the entire weekend.

Saturday morning trading the horses I decided to buy a horse at 3.40 because I thought it would drift. It was the favourite in the race in question and there was nothing that could tell me that that horse was indeed a favourite for that race so that was why I decided to lay him. Immediately I saw him steaming to 2.80s. Obviously, I should have closed my position much earlier but I did not, I was in love with my position. Exited losing -18.94€.

During the afternoon I've entered in a self-destroying mode. I was watching the Manchester United vs. Derby County game on TV and was surprised to see Derby not conceding a goal for more than 30 minutes so I decided to do some trades on the under/over 3,5 goals market. Guess what happened, Man Utd scored two goals in 5 minutes while I had a position opened. I was very lucky to leave with a -44.84€ loss.

The rest of the weekend I was trading on a mood that is completely unacceptable. I was putting huge chunks ( almost the whole bank ) in some very very risky situations, I felt like I wanted to blow my whole bank in a few seconds, very weird feelings. I don't know how I managed to lose just -8.86€.

I'll have to work hard to get my mind right for trading. If I don't, I'll be wiped out in a couple of months because this is indeed a very tough game.

Ok, let's to move on to this weekend. In constrast with last weekend, this one I haven't missed a single trade, all green. That's something that I can't understand, I'm capable of the best and of the worst.

There's nothing special with these trades. It's the usual thing. A profit of 46.06€. It should be like this every day. :)

Hope you don't make the mistakes I made.

Tough days behind me

Profit/Loss : 34.05€
Total Profit/Loss : 98.05€
Current Bank : 833.27€

Been very busy these days due to professional reasons and haven't had the mind sharp enough to do as many tradings as I'd have wanted but since last update I managed to make a somewhat nice profit.

Lost -5.00€ today on AC Milan vs. Celtic match and ended the day with that loss. I've decided to not trade anymore today because I felt that I wasn't with the required mindset. When this happens it's better to stay away from these markets than to have a huge loss. I believe you agree with me.

It's amazing to notice how I've been cutting my profits lately. I'm picking very small profits because I'm scared of taking a considerable loss so I sneak in and out of the markets as quickly as possible. I get very satisfied to get a tick and this is starting to frustrate me, honestly. There have been several greenbooks that could have been 10x more had I stood by my decisions when I've entered the market. The problem is, if I lose this feeling of fear for a loss and then go and take a considerable loss right on the first attempt, this feeling will double its magnitude and that wouldn't be good. Now I'm experiencing how hard trading is mentally. I think I just have to choose the perfect timing/moment to break this mental barrier. I'll overcome it someway!!

November was a terrible month for me because of a single huge loss of -819.64€ in a football match, therefore, it was impossible to end the month on a green position. Here's the screenshot from my November's P&L.

The 800€ barrier was broken and is now way behind me.

Cheers!