tag:blogger.com,1999:blog-6804774922458007587.post2923547207132652643..comments2009-04-14T09:11:32.394+01:00Comments on The Experiment: Self-Indulgent Bullshit: A long post!Graeme Dandhttp://www.blogger.com/profile/06508032031340730990noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6804774922458007587.post-91937937213773883992008-07-09T21:13:00.000+01:002008-07-09T21:13:00.000+01:00you wasn't wrong about it being a long post lolyou wasn't wrong about it being a long post lolAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6804774922458007587.post-25551347327168579022008-07-07T16:08:00.001+01:002008-07-07T16:08:00.001+01:00This comment has been removed by the author.Graeme Dandhttps://www.blogger.com/profile/06508032031340730990noreply@blogger.comtag:blogger.com,1999:blog-6804774922458007587.post-17389871691434993182008-07-07T16:08:00.000+01:002008-07-07T16:08:00.000+01:00Hi Nick. Cheers for the support mate. I think yo...Hi Nick. <BR/><BR/>Cheers for the support mate. I think you maybe hit the nail on the head. I don’t have a large memory of wins and losses to fall back on and every loss I take at the moment appears to be knocking me sideways! <BR/><BR/>Again, in context of my four and a bit months, a £290 loss at the weekend if not a big deal as I’m only £170 down for the month now and if I was playing with the same stake size as previously, I could make this back and more in a ‘normal’ few nights of trading.<BR/><BR/>However, I’m not sure if I can handle going back to trading the same stakes again so quickly, hence, a reduction in stake size again. I don’t see the stake thing as a big issue for me as when I’m confident I have a strategy that is bullet-proof (or at least one where I make consistent profits), I’ll happily ramp up my stakes again.<BR/><BR/>I think the thing I need now is a period of consolidation and steady profits. If I could pay you £500 mate to give me 12 months of experience, I’d happily do it! I don’t think it’s as easy as that though……<BR/><BR/>As you’ve said before, I have a full-time job and this is extra money for me to play with. Once I’ve got a strategy that works, I can pump more money into my account to boost my trading bank but I need to be sure I know what I’m doing. I’m not sure I’m quite there yet!<BR/><BR/>This weekend, I should get an opportunity to get a fair way through one of the books, so I’ll let you know how it goes. I may even write a review on the blog which would be a laugh since I hated English at school but maybe that’s me being slightly too ambitious!<BR/><BR/>Cheers,<BR/><BR/>GraemeGraeme Dandhttps://www.blogger.com/profile/06508032031340730990noreply@blogger.comtag:blogger.com,1999:blog-6804774922458007587.post-514219859200998992008-07-07T15:43:00.000+01:002008-07-07T15:43:00.000+01:00Hi Graeme,LOL f**cking novel!!! We expect nothing...Hi Graeme,<BR/><BR/>LOL f**cking novel!!! We expect nothing less from you mate. <BR/><BR/>Those losses become a pain but I guess your a bit more circumspect (where did that word come from?) about it now. I guess a problem you have is you don't have a memory bank of wins and losses to fall back on, so when you have a big loss the self doubt kicks in. I suppose it's just a case of experience over time but they eventually don't affect how you trade. I won't lie I did lose the thread a bit on the stategies, but having separate banks makes alot of sense as it'll tell which are working and by how much.<BR/><BR/>Hope you enjoy those books, "Remininscences" has a few losses in it and that was when a million dollars meant something. I'll be interested what you make of "Fooled by Randomness", in a way it's the antipathy of a trading book but theres quite alot of relevance to your degree/job,<BR/><BR/>Goods luck, Nick...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6804774922458007587.post-41869870486667752008-07-07T15:16:00.000+01:002008-07-07T15:16:00.000+01:00Hi mate.If only I logged off my BF account when yo...Hi mate.<BR/><BR/>If only I logged off my BF account when you logged off MSN, I’d be a couple of pound down and I would have saved myself a few hundred quid at the weekend!<BR/><BR/>I’m not sure why I lost it so quickly. I was really annoyed with myself for the £23 loss as it was just stupidity on my behalf and it affected me more than I thought. I then followed it with a large loss and I just lost my discipline completely after that!<BR/><BR/>I think the key for me is to not have many losses mate. Obviously, when I have a loss, deal with it but I’ve now had about the same number of losses this month as I had last month. Not a great start to the month.<BR/><BR/>The 3 banks thing is just so I realise what I’m doing at different times. I’ve got nothing against playing around with Oddschecker and Betfair and trying to find betting patterns but I can’t do it with £600 stakes! I should have set boundaries before I started experimenting and I wouldn’t have got in that mess.<BR/><BR/>I need to get back to looking at form and finding my ‘edge’ again. I’ve lost focus a bit recently and now I need to put in the hard work to get it back again. <BR/><BR/>We both know my Achilles heel and I now need to look out for it more. I could feel myself losing my discipline on Saturday as the day went on and I should have stopped when you stopped. The fact you stopped with a large profit is easier to do though than me stopping when I’ve just lost a nice profit!<BR/><BR/>It wouldn’t be as much fun for us if I didn’t go through these trials and tribulations mate. If I made profits all the time, we’d both get bored by it……<BR/><BR/>GGraeme Dandhttps://www.blogger.com/profile/06508032031340730990noreply@blogger.comtag:blogger.com,1999:blog-6804774922458007587.post-75391933677311880282008-07-07T14:00:00.000+01:002008-07-07T14:00:00.000+01:00That's not a blog post - it's a f**king novel !! L...That's not a blog post - it's a f**king novel !! LOL <BR/>In fairness, you were absolutely right to take the time to properly analyse what went wrong and Saturday.<BR/>I think it was Matt who put a comment on your blog on Saturday, part of which suggested methods for dealing with loses... Truly coping when things go wrong is something you simply must crack. If you can accept them and just carry on, then fine; if they cause you to increase your focus, then so much the better; if you have to simply walk away until you are able to rationalise them, then that's what you must do... <BR/>This is your achilles heal - unless you find an effective way to over come it, it is always going to limit what you can achieve...<BR/>With regard to your future plans: 3 strategies sounds good. I'm not so sure about 3 logical banks myself - but if you can get it to work, then great...!<BR/>A.Anonymousnoreply@blogger.com