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19/12/2006 by ramps.
I am really looking forward to having some time off. Work is extremely frustrating and a little stressful. I really need to recharge my batteries. I will do this with a mixture of trading, working on my racing database and most importantly spending time with my family. To be honest they have been a couple of flash points at work where I have thought lets go all in and just focus 100% on the trading and gambling. The reason I don’t is that is not me. I am not a Warren Buffer who puts all eggs in one basket and looks after that basket. I understand the concept but prefer to go down a more traditional line of a portfolio of investments. I have to do what I more comfortable with.
My goal next year is clear the mortgage. The worst cast scenerio is I lose all the money I have made in the last 2 years on gambling and I won’t pay the mortgage off. The best case scenerio is I will pay the mortgage off before the end of the year. One thing for sure it is going to be an interesting adventure.
Some lessons I need to think about next year. The horse does not know what price it is. The market is often wrong when concerning drifters or steamers when laying. Losing runs are not only expected but totally acceptable. Managing cash flow to minimise deposit time when in the betting zone can save valuable time and increase the chance of getting all the money on at the price wanted.
Missing an opportunity is not a problem as their will be plenty more. Remember laying at odds against is the similar to betting on odds on. Take a view and still with that view. That will do for now.
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