I have brand new shiny blue Motorola modem and this has resolved the my very annoying Internet problems which is great news. They have cost me a few quid over the last few weeks but that all water under the bridge.
It is Friday a time to celebrate. It is actually getting quite amusing at work with lots of changes that will ultimately change the dynamics of the environment. As for my personal plans they are evolving by the hour. I have decided only to create 12 month plan this year rather than 24 month plan as I have done in the past. The reason being is the next 12 months are going to be very aggressive and life changing if I am anywhere near successful.
Suffice to say no more Mr. Nice guy. I have been naive, made mistakes which ultimately I still will do but to a lesser degree and generally been too nice over the past 23 months. Next year focus will not be education although I will continue to learn and grow naturally. 2007 will be all about serious profit and cash flow.
The priorities will be something along the lines of:-
1)Profit
2)Accurate daily accounts
3)Database update
4)Website update
5)Blog update
6)Future projects
7)Research and development on new techniques
To be fair I have be pretty good at number 2 and 3 this year but the key difference next year will be item no.1. They will be less focus on number 7.
One thing you will hear from successful traders and punters is DISCIPLINE. What does DISCIPLINE mean? Different things to different people. From my perspective it means detailing out a long term plan. Verifying this plan and then sticking to it no matter what the results. If that sounds in the slightets bit scary then you not confident in your plan and need to work on it more. Advice is easy to give and harder to take. I miss out on profit when last year I change my stakes because I could not stick to the plan. This year I have not done this and it is means next year as planned I can double my stakes. Yes, £100 per points. This means I could be risking as much as £3500 on one race. I am sure they will be one month next year where I will lose over £10000 in a month. This does not bother me because I know there will be months where I will make £20000 in a month.
Murphy’s law ditates that I will have a big losing month before a winning month. That is why I have needed to big up a considerable betting bank to deal with this. Anyway time for me to catch a train.
17/11/2006 at 10:58 am
Brian - I have to say your blog entries amuse me. From an incredulous perspective.
The gambling is clearly taking up a lot of your time. I cannot believe you do this all at weekends and after work. So you must be gambling at work.
If you can make £20K a month, why not leave? You say you have a plan and will stick to it. £20K is incredible. So are you staying at work because you want a fall back position? i.e. you don’t believe in your own plan to make that kind of money?
If you are gambling at work, your work must be suffering. If thats the case, how do your colleagues feel?
Nothing in your blog now talks about your work, suggesting you have mentally checked out and are concentrating on your personal activities.
You should leave. Even if you make only £20K for 6 months, that must be more than you are being paid now.
Wait - I have just realised. You are being paid by LM.Com to gamble.
I curse the brilliance of your life strategy. Until someone figures it out of course.
18/11/2006 at 08:08 pm
There are very few who work as hard as me for lastminute. In fact last week whilst on holiday I started work at 7am and do not finish until 10pm. So there is no problem there.
The reason I do not talk much about my work is because at the momment it is not very interesting and I am not learning much.
What I do enjoy about work is the social interaction which you do not get working from home. I found this when on holiday and betting on Monday and Tuesday last week.
Also you should note that although I may win a large amount one month. I also equally can lose a large amount another month. The key is the yearly profit. My betting bank is separate and therefore I do not count the money as mine. It won’t be mine until I stop.
One common mistake I think people make is they believe the longer or harder you work the more money you will make at gambling/trading. This is not always the case. The first thing I do is check the ratings for the days rating usually around 9pm. I take approx 3 seconds per race to discard or keep. On average I be left with 4 races for which I check the early prices for and that’s it.
I also subsribe to 2 services which require one phone call a day and on average a couple of bets a day. Average time 10 minutes a day. Yes in the evening and weekends I may spend a bit longer.
The key is discpline and the discpline is to stick to a strategy and when you have losing days remember it is all part of the strategy.
Today I made 3 bets. One bet one and 2 lost. Time spent 6 minutes.
Yes, you are right to a degree that maybe I don’t have confidence in my systems but that is not the reason I am staying. I would miss the social interaction of my work colleagues. In addition it would be a change in my life which might mean I spend too much time checking rating/from/stats and start losing money. As the saying goes ‘Patience is virtue’. When my passive income is greater than my expenditure then I will be in a position to retire before that time I will continue to be a valuable asset to whatever business I work for. Lastminute comes first and if I miss a betting opportuntity who cares there be another one another day. Although the perfect strategy would be to find somebody else to put the bets on but have managed to find that person yet.
Thanks though for your feedback.
20/11/2006 at 11:59 am
I can concur Brian is probably the second hardest working person I have met (the first not being myself).