No trades...

Did not have time to trade this weekend due to the very nice wheather we had here in germany. I was out to a lake chilling. I read some chapters of the book "reminiscense of a stock operator" which I ordered some weeks ago. It is very recommendable and amusing!!! It shows you the life of Jesse Livermore as he started trading at the age of 14 at the bucket shops and how he turned to a professional trader at the Wall Street. The story is set in 1895-1920 and/but the the insights are valid today. If you are able to get the book... GET IT!!

I hope to trade some matches during the next week. I will let you know... as always ;)

Nadal boosts stats

Well, I said I would not do a trade until the weekend but the odds on Nadal - Kohlschreiber were a present I thought. My lay on Nadal was matched at 1.04 at the beginning of the match and I got out very soon afterwards by backing him. The winning result is as shown below:


I did not trade the way I "normally" do but I had to take that price!

To my system I have added some new rules so that I hope to use them grainfully in future matches. Again the rules decrease the points to act... ;)

Dangerous: Low Volume Markets

Yesterday was not bad in the beginning as I had traded two matches with a result of about +€21.

Then I moved to another market (Zabaleta - Vliegen). I had traded the way I always do but something was wrong. As I put in my order it was accepted much more later than in "normal" markets. Strange I thought. Then I saw the cause: The market volume was too low and I remembered the situation of the Ferrero-match on which I was wiped out (in the bginning of this blog). Anyhow it was very hard to get my order matched even I knew what to do: getting out as fast as you can!! The prices rushed away! It resulted in a very high minus of about -€44 so that my actual balance has shrinked very much.

The lesson I learned: Do not trade in low volume markets. IT IS DANGEROUS!! For me a market has to show a fundamental interest. I will work out some clues until the weekend. So there will not be any trade until then. DAMN!

I will place the balance-pic in the afternoon because I am not at home right now.

Continualness

Did not think to get involved in trading today as I was out with my cousin to an adevnture park. Was very knackered in the evening. Thought I would get well again in front of tv... but then I took a bath and felt like a new man.

Watched 3 matches:
The first one (Amritaj - Mahut) was ok. Had green on both but only got +0.09€ in the end. The odds were too low to green out even in my opinion.
The second match (Moodie - Spadea) was very well. The most oft the profit came out of this match as Moodie could turn to favorite. In the end: +20.87€ added to my bank.
The last game (Zverev - Santoro) is still in progress but after all I am too tired. I greened out so that the outcome will be +9.75€ either way. Will go to bed in a few minutes.

I am cautious happy! For me my system works... right now. I will have to check the system in the long run yet. Many times I was gutted in the end.

One tennis trade

Today was little time for trading. I only was involved in one tennis match (Seppi - Koubek) which was very dificult to trade in its beginning.

At first I was red -6€ which I leveled up to even afterwards. Then again I was red -6€ but could turn that loss into a +7€ win. With some more green on the other side I played around to enlarge the profit as shown below:

All in all: a plus of +4.51% out of a single tennis match.

Adding a plus to "even"

Today was very exciting to trade in respect of my strategy. I feel fine with it as it includes the levers that I used when I started writing this blog. One big difference is that I take care of possible risks.

As you can see below my tennis trading for today resulted in a net profit of +12.19€. It could have been much more if I had taken the profits that ran into my direction. But there it was ...greed!!! Firstly it resulted in a day-minus of -6€ but afterwards I reflected and concentrated not to chase the loss.

I am pleased with my system right now because it opens the possibility for getting some big profits here and then. It will happen at one time or another.

If I had used the "one time or another"-situation today my profit would have been about 30-40€ ...in other words: +13-18% of my bank.

I hope to carry on that line.

The real big advantage of a working system (as it seems to me right now) is that you do not feel that you have to trade because you think you have to. You watch numbers much more relaxed in a little hope that an opportunity presents itself... and there WILL be enogh opportunities!! You just have to check oneself not to act hastily.

Reorder + including some old aspects

Todays result was far better than the last ones. Maybe the reason for that is that I connected my strategy with an aspect of an older version. The point is that if I leave more space open for a trade it can get much more profitable. The negative aspect to that is that I have to do more +/- 0 trades which can get a little stressful but as I see the result for yesterday I am very pleased with it.

Besides it is very hard to find your way of trading!

The Chasing thing...

So... I got trapped again! I can not be disciplined. And that is the result:


I know, Jaco, as I told you to be disciplined I had to take that advice as well! I will...