Exactly a year ago we started with our semi automated betting bot, so today it is its first anniversary.
What an exciting year it has been. The first three days produced a loss of -1.67pts, -4.25pts and -22.80pts. I was a little disappointed then, but I stuck to it and the next two days produced a profit of 2.25pts and 55.33pts.
There have been good days and also not that good days, but right now with all the experience I got during the year those bad periods does not affect my mood anymore.
Let’s have a look at the stats of the first year:
Total PL 2,230.94pts
Total days 297
Days in Profit 176
Days in Loss 121
Max daily Profit 73.58pts
Max daily Loss -43.50pts
Avg PL per Day 7.51pts
The most challenging part of the year was the bank building process. From 05/29/2010 to 08/02/2010 (60 days!) we only managed to make 7.74 pts. We checked again and again our software and luckily we could identify a bug and solve it.
This really helped, so August 2010 produced a total profit of 305.59pts.
I do not want to have another bank building process anymore. Building a decent betting bank requires a lot of discipline and patience. I think this is the most challenging part for every beginner of professional betting or trading when starting with a small bank. If you lose five quid you might think that is not that much, but percentage wise (if it is 1% of your betting bank) it can be costly. If you lose 5 quid of your bank of 500 quid's – no problem. If your bank is 5000 quid’s you will lose 50 quid’s which might be a problem. Therefore I am always thinking in points rather than in Euro.
Tracking your betting or trading results helps you to stay focused. I am lucky, because I do not have to track my results manually, it is done by the software automatically, but having a look at the graph of the betting bank on a daily basis helps a lot to stay focused.
So what to expect from the next year? I will be really pleased to produce the same profit again. No chase, no run for random numbers and goals, just making profit. It will be interesting to see how the performance will be from today until 08/02/2011, because the bug is eliminated and I am pretty sure the results for this period in 2011 will be much better than in 2010.
Another important thing I need to mention is ‘motivation’. I stay motivated by listening to certain music when the profit comes in. So when I had a really good day I always enjoy those two songs:
I start the day always with this one:
That’s it for now.
I now I promised you a report about the trading seminar a few weeks ago in Manchester. You will get it, but not today ;-)