Sinking at sea.

there comes a time when it all goes wrong, bets lose and the bank struggles to stay afloat, sometimes sinks.

It happened to me at the start of the year and you know what, I was lucky to still be in the game. I was fishing in familiar waters, the problem being I was trying to make my money work too hard and got a little greedy.

It was bound to happen at some point; a down turn, loss of form, bad luck call it what you will, in all aspects of my trading. I had faith in the strategies I ran, but had never encountered a storm like this.

Back on dry land, I realised a simple clerical/bank management problem had risen to the surface. I had withdrawn a significant sum from an excellent January and my staking, based on compounded profits had not factored in withdrawals, it was purely based on P/L.

   ZMy real bank balance is now permanently tied to my staking amount on the excel sheet, but it was a close call – I was unintentionally over staking, a rookie move.

I learned I needed to manage the details better and it proved fruitful in spotting some automation rules that needed tweaking and identifying some experimental ideas that never stood a chance of getting off the ocean floor.

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Strategy trading

another weekend, another p/l screen grab from a buoyant trader. I get mixed emotions from seeing these, suspicion, motivation and sometimes a little bit of envy!

Why not publish a little more information about how you got there Mr. Green-up-trader-boom ? Why the secrecy? It’s the equivalent of a child taking a screen picture of completing Donkey Kong, then refusing to let Jonny-next-door how you did it.

Chances are Jonny has a great trick to complete the tricky level of that new game you bought, and guess what – he ain’t sharing now!

I’m amazed by the amount of betting adverts on the telly, and I believe us Brits are the biggest punting nation in Europe. Chances are the method used by the p/l poster is nothing groundbreaking – to be taken seriously we’d need to see posts 12 months minimum.

It’s a big punting pond out there and chances are in relative monetary terms you and I are small fish. Share some knowledge, engage in some conversation and you will discover those with solid information and theory to trade, and those p/l posters with no substance to back it up.

Putting my money where my mouth is, I’ll be giving a good insight into @lebotman methods next time.

LeBoss

Bot I do.

i trade. I bet. I invest. I use technology to help me do all 3. Hopefully this blog will prove of interest to those curious, expert or new to the concept of ‘bots’ or automation script in whatever package or format, designed to profit or assist in sporting financial markets.