Analysis Of January 2009

Hi,

January is over now, so it is time to do the analysis.
Here is an overview of the profit per sport:

• Tennis: +€32.77
• American Football: +€1.39
• Winter Sports: -€5.77

I had two trades, where I made big mistakes:

Tennis - Wozniacki v Dokic:
I did not see the bigger pictures, when the trade went against me. I could not accept the loss and lost more than I could afford.

Winter Sports – Men’s 10 km Sprint: Winner - Fastest Time:
I traded with too high stakes in a market, I was not very comfortable with and I did not take a stop loss, when necessary.

I am a little disappointed about the small profit I made during January, but when you do beginner’s mistakes and lose the view for the bigger picture, then you do not deserve it to make more money.

Not a great start into the trading year, but still a profit. I need to concentrate on my exit strategy and on the bigger picture during a single trade.

My new stake sizes:


Overall stats:
Year 2008: +€156.48
January 2009: +€28.39

Cheers, Loocie