A Great Year

Since Last Post P/L: £417.56
Monthly P/L: £1901.16

After a busy Christmas period I'm exhausted but hugely content. For me, 2007 has had it all and 2008 promises to hold even bigger challenges with becoming a Dad being just one! At the start of the year I'd only just begun my trading journey and my goal for the coming 12 months was simple - to take my results to another level. On the 1st January my betting bank stood at £821 and from the graph below you can see how that amount has grown into £8346.

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These figures are beyond my expectations and I'm chuffed to bits. Along the way there's been the temptation to spend some of the cash but at the end of each month I've been very keen to reinvest my winnings, with my only withdrawals being £280 to pay for an LCD television (to go into my trading office) and £18 to pay for the odd game of low stakes poker (these results I haven't included on the blog as I count these as 'leisure' expenses).

Why have I adopted this approach? Well, my hope is that by increasing my stake sizes gradually month on month (whilst reducing my maximum exposure at the same time) I can go on to even bigger and better things. I realise I'm not the finished article and I want to keep pushing to see how far I get - somethings happening out there and I want a part of it!

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So what are my expectations for next year? I'm not one for plucking numbers out of the sky so after reviewing my past results I think a realistic aim will be to grow my trading bank by between 10-20% each month but I'm very aware about not getting too far ahead of myself. It's not going to be easy so I'll need to continue refining and analysing my strategies to hit these figures and I can't allow myself to get distracted and lose track of the processes I need to follow in order to be successful.

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As I mentioned earlier, I've been working hard over the last few days so here's a roundup of my final trading action of 2007:

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PDC World Darts Championship

Shepherd v Bates : £21.04
Lewis v Eccles : £23.71
Wade v Dudbridge : £43.43
Manley v Van Der Rassel : £135.57

Van Barneveld v Painter : £33.41

Roy v Part : £39.45

Manley v Shepherd : £4.47

Part v Wade : £124.34
Taylor v Mardle : £19.04

Painter v Lewis : £24.03
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NFL

New England @ NY Giants : £12.85

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Thanks for taking the time to read my thoughts and may I take this chance to wish you, and all the other betting bloggers a very 'Happy New Year' and all the success you can hope for in 2008.

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