Monday, 31 December 2007

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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12 comments:

leonthefixer said...

Well done on a great year! I have finally got around to adding your link on my blog - sorry for the delay!

Best of luck for 2008 I hope you have a year that exceeds your expectations!

All the best - Leonthefixer (Don't Give Up Your Day Job)

Mark Iverson said...

Thanks Leon,

Good luck to you too in 2008!

All the best,

Mark

Anonymous said...

Happy New Year Mark, and a profitable one as well.

The Gambler. :-).

Mark Iverson said...

Hi John,

Thanks mate - I hope 2008 is a good one for you too!

All the best!

Mark

jt26 said...

Hi Mark, any chance of providing an email address at which I could contact you? (I don't know if there is one on your blog but I couldn't find it)

Thanks in Advance

jt26

Joe said...

Hi Mark,
Those darts results are outstanding... Any chance you could give me any clues on your strategy?
Cheers
Joe

Mark Iverson said...

Hi jt26,

My email address is mark@markiverson.com if you'd like to drop me an email but because I get alot of spam please can you put BLOG in the subject title?

All the best,

Mark

Mark Iverson said...

Hi Joe,

Thanks for your comments.

I only trade the first few sets of any match (so I don't get caught up in the increasingly volatile market) and I always try and predict the trading boundaries for those sets in advance. This helps me identify when someone is over/under priced when the match goes in-play. This is the bit which takes practice though so start with small stakes until you get used to things.

I hope this helps.

All the best,

Mark

Joe said...

Thanks a lot mark, that does help a lot. Couple of quickies.
what was the old strategy? (the one you said you noticed people had been using?)
also, do you look at past stats to help decide on your trade boundaries- and do you trade rugby the same way??

Cheers!
Joe

Mark Iverson said...

Hi Joe,

For the old strategy you have to study the game - knowing when a player has an advantage is the key.

Having a good knowledge of the players potential is useful but not essential so I very rarely look at past stats.

Rugby is a totally different ball game :-) but it all boils down to the same thing - predicting what will happen next where you know the rewards are high and the risks are low. Surprisingly these occasions happen quite a lot.

Good luck!

Mark

Joe said...

Good stuff mark , sounds like great advice
Cheers :)

Mark Iverson said...

Hi jt26,

I did reply to your email - did you get it?

All the best,

Mark