Back to it!!
It's been a while since my last post I know but due to going back to England and being busier than expected in my other job really meant I did very little trading at all through December. Pretty glad I had something to keep me busy with the weather pretty much destroying all the events! That being said I did work Boxing day and 3 days up til New Years Day which was interesting for all the wrong reasons!
First day back was a real disaster making a terrible start and losing 18quid in one of my first races back for 6weeks in an environment that was unfamiliar really not doing my confidence any good at all. I really wasn't on it and could tell, being to slow to react and getting caught out often, getting frustrated from losses, pretty much all the thing that you need not to be doing really! I struggled on knowing I needed to just stay with it and it would eventually come. I took it slow lowered my stakes a bit and totally went back to basics.
I gradually started to get back on it again making my loss back and going into the green a few hours later only to get caught on the last and take a -25 on the day.. annoying!
I then came back to it again 29th and 30th feeling a bit more focused after the Christmas binge for trading.
The 29th was a -45 on the day again early taking a big loss meaning i was constantly fighting to get back to scratch getting close but then taking a nasty hit. I was having good spells and feeling pretty good but then again taking a big hit in the odd race wiping out any recovery .
The 30th was a totally green day feeling much more relaxed in the markets again but also feeling more settled in my environment. It's funny but these things do make a difference to me! In England there are people in my house during the day so distractions are hard to avoid! I was happy really to end the month only -30 from the 3days work.. looking forward to going back to Spain so I could really concentrate!
Back to Spain
Weather again was annoying for work start of January so i left it for the first 2 weeks and started proper Fri 15th eager to hit the markets for a long haul stint. Also I'd upped my bank to 500 thinking now was a good time to do so even in the quiet time of year. The time just felt right.. goodish meeting coming up.. why not! I didn't feel like i was gonna do me any damage and was confident i was really to increase my stakes.
Firstly felt good to be home but I was working well too.. making 75 on the Friday and carrying that form through to Saturday therefore feeling more than happy with my first 2 days back.
I was reading what i think is a big bank trader totally manipulating the markets to get the prices he wanted most of the time looking like he was dominating most of them money wise and myself doing the total opposite most of the time to what the market was telling me to do. It was a waiting game looking for when he appeared to be working the price on more than 1 selection putting random 8grands on multiple selections to hold at certain places then cancelling after getting what he wanted matched and really sending it! Gotta say i was sort of playing it safe a little to much and getting out a lot of the time to early meaning i felt a little underpaid when getting it right but was enjoying it for sure! Was more than happy tho after the Saturday to be 140 up on the week from 2days.
The celebration didn't last long though! Came back to it Tuesday 19th and ended up loosing 120 on the day i think through over confidence! We all no where that gets us unless your a big fish.. Nowhere!! On the fight back from the start of the week, not exactly what i had in mind!
Back to basics again!! Surprisingly this loosing day did me a lot of good! I was pretty annoyed with myself and really studies my day on Camtasia looking for the mistakes, looking back i saw that really I'd been a bit unlucky.. What i was doing was right but just wasn't quite getting out of situations quickly enough waiting for that little bit to long and the market turning. Conclusion being work to what I think is 70% of the move and no more.. I was usually in good positions just starting to get matched for profit, that's all i had to remember! I stuck to this for the rest of the week made back my loss and pushed on to have a positive week..
A fool and his money are soon parted….
1 day ago