Sunday, 10 February 2008

On Autopilot


Since Last Post P/L: £151.57
Monthly P/L: £578.75
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These are the times I find really difficult. It's just so frustrating to have a weekend free and not have many opportunities to take advantage of. Okay, I've still been able to keep the profit & loss ticking over but I feel I could be doing so much better. If you read my blog regularly, you'll know that November, January and February are my expected quiet months but that doesn't make it any easier - it's still boring! But...I guess this when the real pro's stand out from the rest - I'm convinced they sit it out and importantly don't get frustrated. Discipline at this stage is the big difference between getting it right and getting it wrong and the danger is to get dragged into random markets to stave off the boredom. Fortunately, my approach of creating a trading plan before the start of each month seems to have worked in avoiding these pitfalls. Put simply, I list every event I plan to trade and don't veer from the plan. I think it helps for two reasons; the need to chase any losses is reduced as I know when/where my next action is coming from and secondly it ensures I only stick to sports I know.
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Here's this weeks results:
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Cricket
New Zealand v England : £40.19
Australia v India : £52.88

Darts
Part v Barneveld : £32.16
Wade v Jenkins : £10.24
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Rugby Union
Italy v England : £121.86
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So what else is new? Well it seems the great blogging revolution could be over for the old guard as both Ray the Sports Trader & the Betfair Trader are yet to post during 2008. This brings a tinge of sadness as towards the end of last year it seemed we had the makings of a good community in the offing. It's unfortunate, but I also appreciate that people have other things going on in their lives outside of Betfair, so if you're reading this guys all the best with whatever you're up to.
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I wish the bad news stopped there but it doesn't. Lastminute are also ceasing their blog offering so the likes of John the Gambler and John the Man of Mystery are without a means for logging their daily thoughts. My message to them? Come to Blogger - it's a great service and it's run by Google who I'm sure won't be going anywhere.
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I don't like to finish my rant on a negative so I'll just remind you that it's only 4 weeks (and a bit) before Nicola's due date. I'm going through all the emotions; nervousness, excitement etc. but in all honesty I'm not sure how I'll feel on the day - I suppose the best thing to do will be to relax and try to enjoy it. Somehow, I don't think she'll be able to :-)
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10 comments:

leonthefixer said...

od to see you are still blogging, many seemed to have stopped which is a shame after the community you mentioned was going great in and around October. Maybe it will come back one day!

Well done on the discipline of not getting involved when there isn't anything!

Well done on the profit!

Mark Iverson said...

Thanks Leon,

I'm also really glad to see you're doing so well.

I've no doubt that you'll be posting some very big figures within the next 6 months.

All the best,

Mark

Anonymous said...

Good Luck boys and girls. :-).

Mark Iverson said...

Thanks John :-)

The Betfair Loser said...

I wish I had your discipline Mark...I just need to see televised sport and I'm dying to get involved!!

I feel the same about the bloggers who have stopped..I learned so much from reading them, especially the BFT!!

Man of Mystery has a new site though at http://www.juicestorm.com/
and I'm sure The Gambler will see the light and find a new home for his rants!! (you know you want to John!!)

All the best for you and Nicola, I'm sure everything will go well for you both!

Mark Iverson said...

Hi BFL,

Thanks for the good wishes...I really hope everything goes okay with the birth.

All the best,

Mark

Betting@rc said...

looks like blogger will have more ramblings by punters since lastminute is off....

STST said...

Good Luck with everything Mark. It's been a while since I caught up with everyones blogs. Glad to see you doing well still and hope Nicola is good too.

Gareth

Mark Iverson said...

Hi Betting@rc,

It'll be interesting to see what effect lastminute's switch off will have - how many blogs will continue!?!

All the best,

Mark

Mark Iverson said...

Hi Gareth,

Thanks for the best wishes and it's great to hear from you.

Sorry to hear that you're feeling a bit down and I hope things really aren't that bad.

It's difficult to trade with that mindset so try and keep the stakes low until things are looking a little bit rosier.

P.S. I guess you know you can't use Betfair in the States?!?!?