Sports trading journey? it’s not all about boring numbers! (alternative post).
I haven’t posted about it for a while but trading Betfair‘s always been as much of a mental game to me as it has analytical. Controlling my own behaviour and emotions are extremely important.
In the heat of the moment things can turn a profit into a loss, a win into a scratch or an opportunity into absolutely nothing… keeping disciplined and control on your behaviour is key. But how?
I guess it’s probably different for everyone, but I try to keep myself motivated through little rewards these days. It keeps things interesting too!
I learnt a long time ago; it’s important to get your kicks from spending the cash, not earning it.
My Sports Trading Journey Bucket List…
Everyone’s sports trading journey is different. Having large aspirations and a list of goals works quite well for me. It’s a bit cliché but how can you rate your progress without a clear set of ‘to do’s’?
For some time I’ve been cultivating a list and crossing things off. I like to keep the list with those crossed off as a reminder of progress…
Here’s my list (I fully intend to achieve all of them). Some I’m closer to ticking off than others!
Snowboard in the French alps.
- Surf in Hawaaii.
- New year in Times Square NYC.
Maldives, Iceland (Blue Lagoon), Australia, Paris, California, Bahamas.
- Complete a lap of the Nurburgring.
- Trek to Machu Picchu.
Attend the Cheltenham Festival.
- Buy a Porsche Cayman GTS or similar (I test-drove the Boxster S below this week).
- Take the kids to Disneyland Florida.
- See a TED talk, live.
- Run the London marathon for charity.
- Walk along the great wall of China.
- Be able to retire at 35.
You can see travel is probably the most important thing to me. Having a clear-cut list of goals keeps me focused at times, without them things can become a little boring. After-all watching numbers every day isn’t the most exciting thing on earth (okay, watching sport makes it a bit better!).
Aside from the list, a consistent goal I have is to increase my income every year. It’s not the most important but it certainly helps me achieve some of the others faster! For those of you just starting out on your sports trading journey;
What would go on your list?
Related: Trading Rewards