In light of the last post I’ve taken a bit of a different approach this week. And its been a really long time since I did such a thing, in fact I haven’t ever done research to this level before I don’t think. I think since all that time ago when I used to sit up really late trying to make sense of what was even going on im now at a real advantage to take it one step further, the main reason being all the experience I’ve had in the markets over the last few years. Im actually confident of what im looking at now in terms of how the markets function before I even start to unravel it further.
So what’s going on?
Well, with the current technical issues I was contemplating treating myself to another last-minute holiday but thought better of it. Over the last year or so everything’s great but I can’t help but feel I’ve stopped developing so much and looking to improve my game. Don’t get me wrong (and I know im at risk of sounding like an idiot to most here) but I didn’t get into trading to just make one or two thousand a week. Part of it was the challenge of doing something new and proving it could be done to those around me (which has been and passed) and the other main thing was the large financial rewards that are on offer.
In short half the fun is improving constantly and to reach the status of crazy life-changing earnings from Betfair would be ideal. It’s certainly possible as others have proved before me so there’s no reason for me not to aswell?!!
So recently I took the decision to remove near on all of my bank (all-except £40) to spend some time really getting deep into the markets, looking at form, news and hours and spending hours and hours recording the markets before reviewing them….
Why remove all the cash?
Well like I said, with the recent problems it just seemed like the right time to do it and previously I have found when recording the markets and looking through statistics etc I get easily sidetracked after spotting an opportunity which ultimately detracts from the end goal. Reaching Jedi status of understanding whats going on, when and why is more important that getting sucked into a trade to make another £50 or so… I decided the only effective way to stop myself from doing this is to take the money out temporarily so that’s why.
Previously I’ve always been happy to fire up the computer shortly before the afternoons racing, trade away for a couple of hours before powering down and walking away a few hundred quid better off. Hopefully this little experiment will have been rather fruitful meaning in the future I can accelerate profits and afford to have even more time off! Plus being able make significantly more makes me feel less anxious about the super PC which, is rapidly approaching.
To keep it all alive im going to set myself a fairly tough target of averaging £1,000 a day minimum, every day spent trading one year from now…. 25/11/2014
“By failing to prepare you are preparing to fail…”
I’m sure we’ve all heard it one time or another, and in my experience elsewhere in life it nearly always rings true so hopefully it’ll be no different here, look out for future updates over the coming months!!