My name is Kris! I haven't seen any blog here yet but I hope it is not banned to have one here.
I decided to start blog to sort myself out. I hope ( we say in my country that hope is mother of fools
) and believe that will help me to make some progress. I know there is a lot of professionals here and they will be able to give me some advice as well.
It took my long time to make that decision( I thought about that 2 year ago ) but since Sunday week ago I lost my bankroll which I have built up since December. It wasn't large amount of money, just over 700 pounds but it hurts me a lot because 2 years ago I made exactly the same mistake but I lost nearly 1000 pounds then. Like You see some people ( IDIOTS like me ) don't learn on own mistakes.
The main reason why that happened is my poor state of mind?
I have a big problem with leaving market with loss and what is probably even worst I am too greedy. Yesterday I lost 300 when I could hedge market with 100 pounds on plus. Week ago I did exactly the same, so instead have about 1000 I have let say nul.
Of course my bankroll management is poor as well and I need to change it as immediately.
In December I borrow money from my credit card, free of interest ( I did the same thing 2 year ago it worked ). I was arbing and doing a little bit trading on a side. Like I write above my bankroll after about 2 months was 700 ( I don't count that 2k from my credit card cos that has to come back to my credit card in December )
Yesterday I actually went a little bit below 2k and I found that it starting to be dangerous so I need to STOP being an IDIOT and start making money, STOP being GREEDY cos greedy lose double:)
I will try to set some rules for myself when I am trading. I have to keep arbing as well to built up my bankroll.
I lost my money trading mainly NBA ( that whats happen when You start trading in the middle of the game without any info about whats going on the court, I would never started trading game if I knew LeBron does not play
, of course wizards had to hit four 3 pointers in row!
) and a little bit on tennis.
From now I will be trading only tennis until I will get more experienced.
I will be trading mainly women.
I will never trade Dlogopolov cos this guy is crazy:)
I will be using simply 40:15 tactic for now and see how it will be working.
I will get API software when I build up my bankroll over 2(100).
I will be doing research before trading.
I will not be trading final set.
I will try to trade only 1st set.
I will be posting my progress on blog.
I will be reviewing my trades ( won and lost ).
I will not be rushing.
I will pay more attention on market to find best exit points.
I will read more about trading.
I will finally start and finish read " Awakening the Giant within"
If You have anything to add what is important please write it below.
Wish me luck!
( If post is in wrong topic please move it somewhere else)