Dripping taps indeed

A good analogy with the dripping tap, as one day surely it would fill the bucket and be able to reap the rewards of being a successful trader, gambling, bettor, sports investor  or what ever you want to call yourself, anyway the post I am referring to came from 'Patient Speculation blog' and well worth a read. Carrying the same theme my bucket is still far from full and is now up to the £16 mark.

Betfair racing trading - £200 Swing trade

A bit more than a double dip

Since my last post, where I had £25, yesterday I dropped further down to £10.22 and then I decided to call it a day, recovered a little bit today to £12.26 but not along from anything worthwhile yet, I have made a spreadsheet today to try and focus on what I could achieve 'LONG-TERM' as I need to get out the mindset of thinking what I could make or earn today/tomorrow or this week, I seem to have lost my way in regards that I haven't forgotten that the little bits soon add up and will make something good- ONE DAY

Where to go from here

I had previously said that wasn't going to update my blog until my balance was over £100, its a shame to say it but I haven't quiet managed it .....yet at the moment my trading account is £25.30 even though its been considerably higher and a lot lower than that as well since my last post about my trading account balance, either I am not cut out for it or and this is my preferable answer I am expecting too much of myself with such a small bank, I am therefore lowering my expectations and I am going think in my mind that I will be happy with whatever daily return I get, as long as its positive as the first rule of trading should be to not lose, I will have another read of Mastering Betfair: How to make serious money trading betting exchanges by Pete Nordsted to try and inspire myself, and will follow that up with a couple of psychology books to try and find my focus again, I didn't trade today and yesterday was a loser so I am going to take tomorrow off as well and will try and ease myself back into a positive daily return (is that being over confident- who knows) anyway that's a question for another day. Just a note about this post from Cassini at Green all over, saying that anyone serious about sports trading should be able to make £60 a day, well here's to hoping for that. Thanks

Daily Trader

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Benefit from daily advice from specialists in their sporting fields. They do the boring legwork for you, and work out the averages and the statistics for the teams and runners in that day's markets.

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Patience Greed Discipline and Determination

Patience

The quality of being patient,  as the bearing of provocation,annoyance, misfortune, or pain, without complaint, loss oftemper, irritation, or the like.


Greed

Excessive or rapacious desire, especially for wealth or possessions.

Discipline

Training to act in accordance with rules; drill: militarydiscipline.

Determination

The act of coming to a decision or of fixing or settling a purpose.

Just a few of the qualities required to make it as a sports trader.

pl collection.wmv

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Taking a back seat

This blog is going to lack in updates for few weeks as I don't have the enthusiasm to write about trading when my daily return is less than £2, so once my trading account reaches the £100 mark I will resume blogging.
I will still post anything trading related but it wont be about my trading bank that's all.

Just to make you aware I am not on the receiving end to a bad loss or anything, just wanted to let you know.