Tuesday, 6 May 2008

Sweet Dreams Are Made Of These


Since Last Post P/L: £802.81
Monthly P/L: £802.81
.
Okay, if you want to blog interactively then listen to this clip in another window.
.
I celebrated my 31st birthday on the weekend by going out for a meal to the Armless Dragon in Cardiff with Nicola and a few friends. The meal was ordinary, the service appalling but with good company we enjoyed the night. One things for sure though - I'm not as young as I used to be. Once upon a time I could guzzle gallons of lager and hardly feel a thing but after the equivalent of 6 or 7 pints I was ready for bed. How things have changed!
.
As usual I was spoilt rotten and one of the many presents I received was the book 'The Way Of The Warrior Trader' by Richard D. McCall. Despite only being half way through I can't put the bloody thing down! I remember it being recommended by a fellow blogger and after having a quick preview on Amazon discovered it touched on an outlook similar to mine and I haven't been disappointed. Only time will tell if the lessons pay dividends but I already feel much more content than I was 3 or 4 weeks ago. Controlling emotions and the psychological aspect of trading is so important so anything I can pick up that will help with this difficult topic has to be a step in the right direction.
.
Moving on....my full results for the week are:
.
Darts
Wade v Part : £28.94
Van Barneveld v Jenkins : £58.15
.
Cricket
Bangalore v Deccan : £172.63
Mumbai v Delhi : £289.16
Bangalore v Punjab : £253.93
.
There's no prizes for guessing that I'm over the moon with the way things have gone over the last few days. It seemed almost every trade I made went the right way and it got so ridiculous at one point that I was £350 up in the Bangalore v Punjab match within 4 minutes of the first innings! I'd got involved just before the fall of 2 quick Bangalore wickets and the rest they say is history (although you'll notice I did squander a £100 of this profit during the remainder of the match). After such a great start, it would seem May promises so much, but I've been down this path before. Acting with caution is the key but if I can continue to take small steps each day then who knows where I'll finish up.
.

12 comments:

Alistair said...

After wins like that Mark, I think the other half will be renegotiating the 'deal'.

Well done.

Alistair

Mark Iverson said...

Thanks Alistair.

Sssshhh...she doesn't know yet! :-)

All the best,

Mark

Clive said...

Making £10000, cutting down your hours in work to trade, and having an agent taking a 20% cut of your earnings?

You're starting to justify the 'professional' bit of the blog title!

Nice one mate. Keep it up!

Clive

STST said...

Good luck with all that Mark. Do you think that you will be comfortable posting large winning (and sometimes losing amounts) as I know this affected some others bloggers decision to continue posting?

Hope everything turns out well for you.

All the best

Gareth

- Enough with the interactive blog too, well at least if you're going to make me suffer horrendous tunes! :P

Mark Iverson said...

Ha! Cheers Clive!

Have you got back on Betfair yet?

If not I'm guessing it won't be long....

All the best,

Mark

Mark Iverson said...

Hi Gareth,

It's a good point but I already consider myself to have done both.

To some they may not haave seemed that large an amount but at different times of my journey I've won and lost a considerable % of my trading bank in one go.

I'm guessing that if I've already experienced those swings in emotion then I should be prepared for what lies ahead and therefore not worry about what others think.

But....if I ever made the step to full time then that may be a different story.

I hope things are going well for you.

All the best,

Mark

Selectabet said...

Hi Mark,

Glad to see you're doing well. I had a look at your record since 06 - It quite inspirational although I'm sure it disguises all the hard work and effort you put in.

Hope things continue to go well for you.

All the best, Paul.

Clive said...

I've had the occasional trade on there now and again but nothing exciting!

Missed a massive oppurtunity on the superbowl winner after the regular season when the Giants were trading at 40. I actually said to a friend I was going put some money on them because but didn't get round to it and next thing I knew they'd won it.
Not really a good time for me to get back into it with no football for the next couple of months but theres always next season...!

Clive

Mark Iverson said...

Thanks Selectabet.

I've tried to treat my trading like a business since I started and it's not been easy.

I hope I can continue the success but it takes a lot of patience and discipline.

Thanks again for leaving a comment.

All the best,

Mark

Mark Iverson said...

Clive - forget the football trading - it's one of the hardest markets (in my opinion) to make money on!

Good luck anyway!

Mark

Selectabet said...

Hey Mark,

I couldn't find any contact details for you. Could you drop me an email at selectabet at gmail dot com.

I did a Q&A with Matt at Punt.com about 6 months ago which many people (Including myself) found very useful. It would be good to follow it up with one with yourself if you'd be up for it.

Cheers, Paul.

Mark Iverson said...

Hi Paul,

No problem - email has been sent.

Let me know if you don't receive it.

All the best,

Mark