March is over, so it is time to do the analysis. If you follow the blog regularly you have even noticed, that March was an awful trading month for me. It was the first time I took a timeout from trading, because my mindset was completely broken.
Trading tennis started really well with a huge profit on set betting. Trading during the first week of Indian Wells was not that easy. I had many scratched trades, because liquidity was not good enough and the scoreboard was not reliable. This first week was a good test for my discipline in trading, but sadly the test failed. If there is no opportunity, then stay away.
When trading tennis in March sometimes I was not totally focused on the matches. I did several other things too, so my concentration was not completely focused on the matches. That’s something I can easily avoid, so no MSN or Skype anymore when trading.
The only good decision I made during March was to take timeout. I little bit too late I think, but I made this decision and I am pretty sure this helped me to avoid a bigger loss.
The question is how to avoid such a losing run in the future? Maybe it is just experience. Hopefully this month’s experience help me to take a timeout earlier, if I have a similar situation in the future or it helps me to avoid such a losing run caused by impatience, because I have experienced that forcing trades and losing your discipline minimizes your trading bank and more important it destroys your self confidence.
Year 2008: +€156.48
January 2009: +€28.39
February 2009: +€111.52
March 2009: –€22.55