Sunday 17 February 2008

Mental fragility !

Profit/Loss : 24.03€
Total Profit/Loss : 901.18€
Current Bank : 1636.40€

At the moment, my mental fragility is coming up to the surface, I have no doubt about that. I'm finding it hard to keep a good mental attitude which leads to some stupid mistakes, fortunetely this time without major consequences. This is the time when I start to feel that a big loss is just around the corner, I can smell it ! It's time to lock the gates and keep every penny behind closed doors and let the storm go away.

During the half-time of Zaragoza - Barcelona the market was trading at 1.29 to sell ( back ) and 1.30 to buy ( lay ) with some sets of 10k on each side waiting to get matched. I was in a good position at 1.29 to sell and about to put my sell order at 1.30 so I could make a 1 tick profit. What happened next was nasty. Someone came in with 340k ( yeah, you read it well, 340k !!! ) and changed the market to 1.28 to sell and 1.29 to buy and obviously I got matched at 1.29 in the blink of an eye and was left in a bad position, I had to leave with a 1 tick loss. This was the third loss in a row. I was totally pissed off! How can someone join a market with 340k ? Isn't it dangerous for him ? These are the kind of situations that puts me on a mental state that leads me to many mistakes. There was no way I could have predicted that those 340k were coming in against me and that doesn't make me very happy. Grrrrrrrrrrrrrr !!

I made a terrible mistake that made me laugh for some time. Bayern Munich was playing at Hannover and scored the first goal. I thought about trying to enter the market to get some nice odds so I thought that 1.39 could be a good price. As soon as the suspended screen dissapeared I submitted my bet. My bet ( 650€ @ 1.39 ) was sitting in there with no more bets in the market, I was there all alone. Obviously, I immediately thought that there was something very bad happening and then I saw my money getting eaten away at a slow pace. It was only then that I noticed that I was on the "next goal" market and not on the "match odds" market. Fortunetely, only 125€ got matched but I was left in a very bad situation, tried to get out at the best prices possible, 2, 2.10, 2.12, 2.14 and so on. It wasn't easy to get out as there was almost no money in that market. I was green on Bayern M. to score the next goal and red on the other outcomes and guess what happened. Bayern M. scored a bit later and that stupid mistake gave my 20€. How that happened ? Well, I don't really know what happened but during the suspension my software changed from one market to the other, I haven't noticed it because the suspension screen is equal on all markets. What a lucky bastard I am !

During the Saturday I had 4 losses in a row which is my new losing record. It doesn't make me proud but it's just to let you know.


3 comments:

Jon Rake said...

Hi Nameless;
I didn't see any contact information on your blog. How would i be able to best contact you? I'd like to purchase a link on your blog.

The Nameless Trader said...

Hi Jon,

You can contact me at clickingthewrongbuttons@gmail.com

Cya

Discipline and Win said...

Hey there again - I was just wondering what software you use and how much it helps you trade? I'm currently using a lay-the-draw system which is turning a modest profit. Do you ever lay the draw?

Take it easy