Wednesday 4 February 2009

Wiped Out!

Tonight my bank was wiped out. I have a total of 17p left.


This was caused by bad decisions, bad timing and greed.

I'm going to give trading a rest for a week or two.

5 comments:

Ronnie2ticks said...

Take a step back, deep breath you have lost your bank, regroup and set down some rules, i too in the past have lost (too much) and instead of stopping i carried on, now i if you read my blog if things go wrong i stop, i hate losing and because of this i have my limits, i run with £100 bank and take out the profit every couple of days.
Good luck, regroup come back with a new game plan.

TraderGray said...

Effective and profitable trading is a long learning process. I suspect you've learnt more from this loss than any wins you've had, I know I do.

You will come back stronger, better and more knowlegable now so, as Ronnie says, a deep breath, regroup and a new game plan we'll see you back soon

Good luck.

Brian McGregor said...

I guess this happens to everyone at some point in time. By it's very nature, betting means that we're gambling on uncertain outcomes.

I agree with your other commentees - you're doing the right thing in taking a break, so that you're ready to re-enter the battle again stronger and fitter.

Bet Angel Basics

ProBettor said...

Hello Chris!

Bad times not lasts forever.

Maybe when you will know your betting performance deeper it will improve your betting.

Our website is: www.trackbets.info

For instance here're some reports I've made on my trading performance for several weeks:
http://trackbets.info/betstats/4/Pro/7/my-performance-preset/

Discussion is here:
http://www.racingtraders.com/forum/showthread.php?t=1001

I hope you will use our tool in your betting.

Good Luck
Rotteborp

Managed Risk said...

Write a list of ironclad rules on an index card that you must never break when you are trading...this is a contract with yourself because self-discipline is everything for success.

Good luck