Wednesday 23 May 2007

Update & 2 weeks off

Hi to all. The last trading days were not better than the ones before. I always got caught on the risk side of my trading strategy. So my loss raised continuously as you can see below.


The only ray of hope was on the last day when I traded the very extreme of minimizing risk and immediately getting out when the market moved against me. That entails that the moments to react/getting into a match shrink massively. Perhaps this is the key whereby I did not let the profits run. So there is more potential. I will give it a try. I have nothing to lose.

The next two weeks I will be off because of vacation. So there won't be any updates for that period (maybe I will do an update if I can find an internet cafè). I hope you all will do some great trades even if betfair increased their commision rates.

See you all...

Monday 21 May 2007

Back on earth

Well, not much to say. Did a little bit of overtrading I think. Had too much bets in nearly every match that was "on".


After about 2 days off with only 1 match traded I hope to come back into form.

It is very hard to stick to the rules you develop. Sometimes you feel like you have to take a special bet even so it does not fit your rules. DAMN!! I have to become much more disciplined.

Wednesday 16 May 2007

Nothing wrong

Today I was in plus 8.9%. Then I took a break, went to the supermarket for food, came back home to trade another ...the last game for today. Well, better if I did not as you can see below.


Firstly as I got into the game I ate up my plus and was +/- 0%. Then I tried again but lost. It ended in a total of -10.13%. I think I did everything right but none of the games I traded made big swings. That`s all for today. Hope you all made it better... ;(

Tuesday 15 May 2007

Some win

Yesterday I traded a lot tennis matches. Some were good... some were bad. The bad ones always occured when I made a fine win. I have learn to be objective on EVERY tennis match and not to become hilarious. That will be hard work.

Here my result for yesterday:


Hope to stick to my rules next days....

Monday 14 May 2007

Conclusion & Back on track

After checking out some new strategies I came to the conclusion that the old system I had traded with was not that bad... in fact it was really good but crude. That is why i fell into a trap which I did not thought of... and I fell BADLY (Martin - Ferrero)! So after testing out new things I always got back to my old system merely tweaking it.

With new energy I want to start the path of getting back the money I lost. I already started some days ago with a bank of 60€. My performance is as follows:


There is something to say about the stats. I think they do not really represent the proficiency as it will be in the long term. I hope to achieve a win-rate of 2% on every trading day which will be very difficult especially if you reach a point where your market orders will not get fully matched. But until then there is a long way to go and I hope to reach that "magic" point.

As you can see in the picture there is a lot potential in my system. On some days I will get extremely high win-rates which are based on trades that run in my direction. I will explain that a little bit to you: I traded 9 tennis matches. After 7 matches I had a plus of about 7% but lost 5% on the 8th match... so all in all a little roughly. On match 9 (Ferrer - Bjorkman) the big return was made as I was able to let the trade run. I splittet the win equal after set 2. Such moments will happen time after time (hope there will be a lot of these times!!) but normally when there is no big change in a game my percentages will be more less. My old stats (before my huge collapse) are far more representative.

Well I hope to stick to my rules. I am open to all criticsm which may help me to optimize my puzzle.

I hope you enjoy reading my blog.

Friday 4 May 2007

I am alive

Hi to all,

have been busy because of my job and had no time to do some trades. Meanwhile I have build a new approach to do trades. Now I watch them from a different perspective ...more en bloc. I have to make a few more thoughts about that. So there will be more time needed to convert it into practice.

Hope all others did some great trades the last weeks.

I will be back soon!!

Yours ekcite