Three Months into the X-Club My development Continues

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

February started out with the intention for me of covering the subs for the club. Given the relatively small bank I’m working with that seemed like a suitable goal. So has it been achieved? Yes! I have managed a 25.1% ROI on my trading bank. Given that the 1st month was loss making and the second was break even, I’m very happy with this return.

February also saw me using the methods that sought a goal in games, which previously I had be cautious to use, though when I did start using these methods I saw an unbroken streak of success, however not always with the full bank percentages matched when the goal arrived. I also had a couple of instances whereby two goals followed each other quickly meaning there was no need to trade out and the full profit was secured.

I also managed to harden my mindset considerably in February, partially from some reading about the subject, but also by trading out of some early setbacks with further methods that allowed me to return to a scratch position. Previous months would see me with a ‘rabbit in the headlights’ kind of reaction to a market not going in the way I wanted it to and then being reluctant to trade further due to the fear of making the position worse, but now I have overcome this fear and realised that continuing to be consistent is the most important thing.

One of the things I need to do is judge when to use the goal demanding methods and when to use the none goal demanding methods, as I seem to have neglected the latter a little after a good run of the former and it has cost me in the first weekend of March, with me being far to eager to use goal demanding methods when there is not enough value and/or the game has had few chances. I really need to work on this as I traded four games over the weekend and 2 of the four did not have goals in the required time frame and one where the goal was very late. This has given me a negative start to March but my reading has shown me not to take these games in isolation and treat them as part of the big picture. I’ll admit, it’s hard to do but I believe if I can master this mindset it will be key to my success as a trader.

My target for March is 15% ROI. I have increased my bank so this is not a backwards step, just a realistic and obtainable one. I’ll aim to report weekly on my thoughts in the main, but maybe more often if I have any thoughts which might provide interesting reading. This week we have Wigan Vs Liverpool, I expect this to be tight so maybe not a game for goal demanding. We also have the Champions League second leg ties which should be interesting including Man United’s return tie with Milan.

Kevin