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You are currently browsing the Life of Brian (Gambler/Trader) weblog archives for February, 2007.

February 2007
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Archive for February 2007

And you thought yesterday was bad!

I lost over 14% of my bank again which means in a little short of 24 hours I have managed to loss 28% of my bank.  Now I am sure many of you think I was chasing. Nope. I just followed the systems as normal but the one system that had carried me this far has had 3 losers in a row.  Add this to the fact that one of my systems that usually maintains an 80% strike ratio has hit a very bad patch 2 losing days.   It has either crashed or burned or will soon go on a long wining run.

So at the end of 2 months in the big time I have a large whole in my betting bank.   Extremely disappointing but I keep on going to the bitter end which off course is when the bank goes based on this week that won’t be long.   Saturday nice wins seem a distant memory now.

I am writing this straight after the event as I want you know that all I am do feel sick and disappointed currently I was prepared for this.  In fact it has been a concern of mine for the last couple of weeks.   I was hoping for upturn in my each way systems before the big bets had a bad patch but unfortunately that is not the case.

I also realise that many people would argue that with the weather so bad and only Folkestone and Southwell to bet on I should have kept my powder dry.   I have learnt in the past trying to be clever always ends in frustration.   

What people forget about gambling and to a lesser degree trading is the biggest hurdle and barrier to success is your emotions.  Let them influence you and you will probably not as do as well as you will if you don’t let them influence you.

The 2 systems that have cost me the majority of the losses in the past 2 days have long term strike ratio of 73% and 80%.   Unfortunately the grouping affect means sometimes they can have a few losers in a row.  The important thing to do is remain with your staking plan.  Remember when you determined your staking plan it was not only to cope with winning runs but losing runs as well.

You may think that I am complete idiot as after 1/6 of year I am showing a massive lost of several thousands.   Not all the 8 systems are in deficit and I am still confident the others will return to profit within 12 months and hit their respective profit targets.    I am always knew the problem would be if multiple systems had bad times simultaneously.   I was not anticipating the trend to be as bad as it is currently.

One system that has a 80% strike ratio is accounting for a very high percentage of my losses and another that has a strike ration of 40% is contributing the majority of the rest of loss.

In summary I live to fight another day.   I wish everybody luck with their systems, gambles and trades.   If I do lose my back I will wish you all the best and I will relax in the knowledge I gave it a shot my best shot.   I will probably take a break and work much harder on my research whilst saving for another crack or maybe I will decide enough is enough.

Raining again

It has been the warmest 12 months for a long time according to the met office.   The systems continue to be inconsistent.   Well with February drawing to an end and my holiday in sight my mood is beginning to get better.    My new trading system is still on target for a 10th March Launch.    I am hoping I will have shaken of the pains I have at the moment and will be able to be relaxed and refreshed on 7th March when I am off to allow me to put the final touches to my system.   It is days like yesterday that the system would have done very well when traditionally I did very badly.

I am very much looking forward to my time off as I will concentrate of my health, friends, family, the system and also my website for which traffic has dropped off albeit remaining constant  now at that level but I really like it to kick on again.  I have numerous revenue angles and I just need the traffic again.

Worse losing day of the year

The recovery was short lived with a shocking day today.   I am still smiling so I suppose things could be worse.  Still not feeling that great health wise but I will battle through.

Another winning day

A very profitable day thanks to 2 of my 8 systems returning to form with a 10/1, 7/2 and 2/1.  Still not in profit for the month and still some way to go to get in profit for the year but encouraging signs all the same.   In facts if you took away 2 weakest performing systems and I would have a nice profit for the year.   With the imminent arrival of March will that be the month I start to pill the profit on?

Good night

A large losing day today which takes the gloss of Saturday.  I am pleased with the progress I have made with other items this weekend.  My main accounts are updated and I have done a lot of thinking of how I am going to earn additional revenue.   I have completed a lopt of stuff for work as well so I should be able to have a slightly less hectic week.

Another weekend draws to an end

I have spent most of today working.  On the plus side I got my main accounts updated which is good as it much easier to keep them updated when I am not behind.   Today’s racing has started with one loser and one winner.   I am going to have a bit of rest now and watch the football.  Still lots to do though :(

A welcome big winning day

It has been a very long stressful and emotional week.  Despite working all day on holiday autos issues today.  I managed to schedule my systems in and it paid very good dividends today.  Nil Desperandum (IRE) was the highlight as I have 3 point wins and 1 point place on this selection at 8/1.  I also had a very good day on the football with 4 out of 5 doubles and Casper system delivering again.

I am still struggling on the cash flow front but a couple more promising days like today and things will be a lot better shape.

Character building

The last few days have been challenging on many levels.  I always like to think of these periods as character buildign periods.   You can either moan and whinge about your bad luck and the fact that people treat worse than others and the government are to blame or you can take stock refine your life plan and kick on.   You have guessed it by now that I will kick on.   I have not quite deal with all the emotional pain yet but I will.

The thing is you only have one shot at life and therefore you have to go for it.

Lingfield off

I have some nice selections at Lingfield today but sadly this has now been abandoned.  Not getting the luck with the weather this year.

A nearly day

A number of selections that just missed the bar today and finished second at tidy prices meaning a loss today but still signs that a recovery might not be that far away, finger crossed.   Bashed Bet365 today again.  Finally got the wireless woking on the new laptop with my setup for some reason had to reconfigure the router but it is done now.

Time to get the accounts done.