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Tough times

And especially tough for supporters of Birmingham City. I was doing great today and I had just about got back to level after the couple of bad days I had during the week. Then the trading today was working great I traded on 4 games and the profit was coming on nicely. Then I was working the Birmingham City game, they were playing at Newcastle. I was greened up before the first goal but I felt I could get a bit more. Of course there was a goal right after. I reckoned that there was a high probability of a third goal and I was right.
The only trouble was that at 88 or 89 minutes I chickened out and traded out the position to take a loss of nearly 60 Euro. Boy was I miffed when the goal went in at 90 minutes. The only thing I should have done after trading out of that position would have been to put in a lay bet on the draw. I could have put in a large enough bet on there not being a draw and at that stage of the game in the market it would have not cost much if it stayed at the draw. For example if I got it at 1.01 then the 100 bet would have a liability of 1 Euro.
So my betting bank is way down now and instead of being a few days behind target I am sixty days or more behind target. I will still make the target in the 365 days of trading but this is certainly a bit of a set back.
The other thing I perhaps should have done is to have taken the 20 Euro hit after the second goal and then watched to see what was happening with the game. Decisions, decisions.

I will let you know more but now I am going out for the evening so all trading is on hold for the evening.

No comments yet to Tough times

  • Ali

    Sorry to read the bad news. It happens to every trader, but the important factor is to remain calm and logical and not to give up your job!

    I think that you’d better to desposit a min of euro 100 into your account and then re-start with a new, clear and well-defined strategy with daily targets.

    Regards

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