March Review
April 14, 2010 by cheekykev
Filed under X-Club Traders
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Well I was planning to do a post a week but the urge to blog is less when you go through a sticky patch. Towards the middle of March I started to make some ’schoolboy errors’ which led to some more before I needed to sit back and take stock for a while. My main problem was a lack of discipline, after a run of successful goal demanding strategies wins in February I was diving in Markets left right and centre looking for some more of the same, however I have since learned that this is not the way to trade without judging games carefully.
Lesson one: Research and choose carefully the games you trade.
Ill now only be trading the games with everyone else in the X Club i.e PL/ CL and WC and not the Europa League games and other lower leagues. I need to improve my game reading also about when to use goal demanding strategies and I will be purchasing some basic coaching books.
That said, I’ve not made a massive loss and in reality it only counters February’s ROI so its not all doom and gloom and I have learned some valuable lessons over the short period from the middle of March to the end of it.
Lesson 2: Preparation.
I’ve kind of told myself now that if I haven’t researched the games in terms of the pre game markets then I’m not allowed to trade, this will stop me being lazy and entering games on a whim without knowing what to expect, hence me being a little quiet in the trading rooms. I’ve been trying to assess the pre match markets and have now got a crib sheet for the information to look for, I’m hoping that this will help me out long term and will stop me being lazy. I wanted to be educated about trading and I know the road will be long and at times mentally taxing, but I’m determined to succeed and learn from my mistakes.
Lesson 3: Use your stop loss.
Enough said here and I made one mistake with this which I believe affected my judgement over the rest of the month.
Anyway, I’m still enjoying everything and the banter in the trading room but I need to be more disciplined. that will be my Mantra for April and every month that follows.
Kevin
