before I start writing about my trading since last update I want to mention the first birthday of the blog.
First blog post was on 17.03.2008 and this week on Tuesday the blog celebrated its first birthday. I learned a lot during the first year of blogging about my trading and I think my approach on trading on sport events has changed to a little more professional approach. I do not want to make a review on the first year of blogging and trading, because I do this every month on my analyses.
Here is an overview of my trades since last update:
Just 3 bad trades let me staring on a red figure of -EUR50.89. Trading the 2009 BNP Paribas Open was not that easy. Scoreboard was not reliable, TV coverage was poor and often Betfair was not available. I do not want to complain about these issues, because those were not reasons for the loss. I started really well on trading the matches, but almost in every match I had to scratch my position and waiting again for an opportunity. It was a game of patience and discipline. During the following matches I lost my patience and discipline:
A Radwanska v Wozniak
Took a position early in the 2nd set. Scratched that, but no problem. Entered again, when Radwanska was serving for match. How the hell could I do that? Wasn’t a trading opportunity. Just wasting money.
Llagostera Vives v Kleybanova
Took a position when Kleybanova was 4-2 down in the 1st set. Really good trading opportunity, but did not pay off. Took stop loss. Everything fine so far. Started to entering again and again during the 2nd set. Was completely chasing a possible break. Again wasting money.
A Radwanska v Pavlyuchenkova
Backed Radwanska early in the 1st set. Radwanska made the break, I minimized risk, should have made it each way, but thought Radwanska can win 1st set easily. Pavlyuchenkova fought back, had to scratch the trade. Everything fine. Radwanska lost 1st set 7-6. Again I started chasing a possible break and added more money to the loss. Throwing the money far away.
It is not the amount of money I lost which annoys me. When doing these stupid things you also lose your self confidence very easily. Self confidence is so important when trading, so if you make stupid trades, you do not just lose money, you also lose self confidence for the next trades.
Mostly if I miss a trading opportunity or if I have to scratch a trade I try to force another trade. This is really an issue I have to work on.
Stats so far:
Total loss since last update: –50.89
Total profit this month: 40.04
This blog post seems to be so negative, so I want to add some good news:
For the future we will read some articles from a guest blogger called Philip Oliver. I am looking forward for his articles and hope we can take advantage of his views and thought on tennis.
That’s it for now. Be patient when trading ;)