Thursday, September 22, 2011

Just Not Good Enough

Ok, dont get me wrong here and there are times in the last few years where I would have given my left nut to see any sort of profit come out of 30 days of graft but this time its just not good enough. 2 weeks ago I was up nearly a grand and then just completely went awol after a smallish loss on the Roma match. Lost discipline? Dirty chase? Clueless mug? Yes probably all 3!

I just dont understand myself sometimes... When everything is going so well, the strategies are paying off, trading provides profit and then I just start lumping on for no reason??? Its the gamblers graveyard when you behave like that. Im not going to say its down to hard luck because its not. Teams arent going to win every week... Mugs like AC Milan are allowed to score last minute equalisers, even at the Nou Camp! 40 mins to trade out for a nice profit was plenty. It was just a lack of self control and greed. Losses will come, thats inevitable. Its the traders job to minimise the loss to the best of their ability and then proceed with caution next time, not act the lunatic because you're pissed off with yourself.

We've been here before but after nearly 4 years I was hoping bad habits would have all been erased by now. The old "I lost but Im having fun" just doesnt do it any more and losing is never fun anyway. Taking a sort of break from things this weekend but will still play around with a couple of things, just not as heavy.

I've also realised how much your personal life can affect your decision making process and if you dont have a clear head you'll have an empty bank! So I've left the girlfriend of the last 11 months to focus more on my job firstly and also to make a better shot at trading. It wasnt just for those 2 reasons. There were a million reasons why leaving was the right choice and I do feel relieved that the whole episode is over.

As for the betdaq challenge, I reached 100ish before going back down to 29 and getting it up to 40 and I've withdrawn it now. Betdaq is rather poor. Liquidity is gash, functionality inefficient and I just didnt enjoy the experiment. Made a solid tenner though... We can celebrate that tonight. To Arthur!!!

As a separate "challenge" to my usual trading I'll be doing a €100-??? sort of thing just to see where it takes me. Good luck everyone and lets keep our heads screwed on tightly for a change! Cheers!

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