Day 24…

Posted on Posted in A Geeks Toy Pro, Betdaq, Betfair, Horse Racing, Psychology, Rewards, Tennis, Trading strategies

Ok so….

This weekend was a bit of a blurr as usual! had the last day of the month off but it was really worth it as I spent the day jet skiing on a friends boat… awesome!! Made me think at some point it would be wicked to have one, anyway that’s in the distance for now Ha!

I spent the latter end of last week focusing on the tennis once more, and although its cost me in learning this month I think them last few games I’ve started to see the light.

The -40 was carried over from a previous day, the -27 was me taking a punt on a match point that lost (stupid thing to do) and there afterwards I started to find a way in, patience is key in tennis for the longer term that’s for sure!!

So hopefully its the start of a new sport to profit from consistently.

Betfair Trader Challenge Result

The horses felt pretty thin on the whole, but it’s not surprising the week after Ascot I suppose.
I have really enjoyed learning the tennis and probably need to kick on to get some money in the bank with the horses too but its hard burning the candle at both ends!

So, the month in summary…

I started the month with good intentions and the hope of having my first 5 figure month.

I still don’t think it was impossible at all although as the time went by, mixed with some silly mistakes with the bomber evenings down the pub and learning the tennis I realised it wasn’t to be this month but much like Anon said on previous posts im already winning and there’s no real need to be pushing myself for extravagant results at this point in time.

If I crack the tennis on a larger scale I would have thought along with all the big events and racing throughout the year it wont be so hard to pull them kind of months on a fairly regular basis.

I also didn’t plan to have as much time off this month but the good weather in the UK isn’t so frequent lately so felt I had to make the most of it! all in all it’s not a bad result as its more than I would have been making in a couple of months had I been at my standard job previously!! But there is still plenty of room for improvement!

Days off – 7
Loosing days – 2
Half days – 3-5
Profitable days – 21
Total profit – £5978.66

Betfair Trader Challenge Result 2

 

I’ll probably still update from time to time as its been nice to be blogging a bit more again, possibly ill chuck out a few pointers on coming posts for the horses and update with my tennis progress! hope you enjoyed this month even if I didn’t meet my own expectations! Comments Welcome!

Related Article: Horse Racing Trading Strategies

10 thoughts on “Day 24…

  1. £6K a month isn’t bad Caan, especially for only 23 days work and your first ft year 🙂 If you look at http://www.netsalarycalculator.co.uk/ you’ll see that’s equivalent of a real wage of £120K per year.

    Stick at it and stop thinking greedy, those profits will come. Now’s the time to start thinking about minimising any potential 60% PC3. You’d be surprised just how demotivating the higher PC. Those bands in proportion to lifetime earnings are quite narrow and it probably would take a mistake leap to get yourself into the 5-10% band or even +10% which makes hell of a difference between 40&60%

  2. Awesome Caan!!

    You are my inspiration to improve every day! The best trading blog in the internet and the only one who publish the resume of the month!!!! Total transparency!!

    Congratulations!!

  3. Congrats on the month, thats a pretty decent total even if its not the 10k. I expect you will break this barrier very soon

    One question. Do you think you would have gone FT trading earlier if you had the option. What I mean is that did you find it tough trying to work a job and trade part time. Thats what I am doing now and it is hard to focus the mind at times ?
    Pat

  4. Hi anon 1, your totally right and trying to reduce my pc threshold should be something I focus on more its just a question of how!! But ill have to have a think for sure.

    Anon 2, thankyou im glad I can be helpful to you and show its possible!

    Anon 3, sure thanks ill have a look!

    Pat, I wouldn’t say I found it hard I would say doing that is a balancing act that is definately possible but it becomes alot lot easier when you understand yourself and your own personal traits more, managing your emotions is important for this!

    Thanks widesmile! Hope things are going better for you now mate 🙂

  5. Well done Caan! Lose. the tennis results and the NH trading and you might have hit the £10k?!. Quick question regarding set-up. For the market overview graph, what timeframe do you set the graph up? I’m currently 4 mins (240 secs) but I’m not sue if this is too short or long….. Any advice?

  6. Yeah, try mybetlog and share screens or quick report from there. Gives much more insight and dynamics of the progress.

    Great results! 😉

  7. Hi Caan.

    Nice result mate!

    Yep the Summer months can be a bit of a conundrum as there are loads of opportunities but these are always going to co-incide with any nice weather that we get and obviously the associated beer time!

    Cheers – Dave.

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