Monday, 2 April 2012

Over The Line

Am I glad that's over!?!  It was tough but after going back to basics half way through the month I'm glad to say I ended the month in profit.  It was still well below what I'd set out to achieve but much better than what it could have been, so I'll take what I've got and move on.  My last pieces of action for March consisted of two T20 internationals on Friday which ended with one good win plus one small loss, and also 2 Aviva Premiership rugby matches on Saturday which finished with the same results.  My break even p&l graph therefore ended looking like this:

When I was struggling, one of the anonymous comments I received focused on monthly targets being too short a period to measure of results.  Of course, on their own they are but long term readers will know that I monitor the bigger picture closely too. Now that Quarter 1 of 2012 is complete I can compare it to 2011 to see if I'm still moving in the right direction.  How better to do this than by showing another graph? (click to enlarge):

All in all, for the same period my p&l is showing a growth of 24.89% when compared to last year. As January 2011 was when I turned my attention to gambling full time this is a relatively direct comparison, so it's even more pleasing to see that I'm ahead when I consider there was no Cricket World Cup.  But how important has cricket become to me? Cue graph.... (click to..blah blah):

By the looks of it - very!  But again the pleasing thing is that over the last 3 months I've traded less matches for more profit - 54 in 2012 versus 67 in 2011.  With there being 76 IPL matches over the course of the next 2 months it all get very busy so it's crucial I concentrate on doing things right and not lose momentum.  It's something I tell myself every year but it doesn't make it an easier - it's a huge test of stamina and the IPL needs to be treated with more caution than with other matches (make of that what you will).

Now that my March recovery is over I'll probably go back to my infrequent posts due to time restrictions (Nic has me on a curfew) but I hope you've enjoyed my worried rambling over the last couple of weeks.  I really did think I was in a hole but getting my feelings out on here helped like I hoped it would.

I'm sure I'll be dropping the odd comment on twitter over the course of the next 9 weeks so if you'd like to follow me you can do so here.

Some of you maybe wondering why I'm not including every sport (inc my shares) in the comparison graph above. The reason is that my activity in other markets is very small, but if the curiosity is too much here's a graph comparing it all...



Anonymous said...

You must have far too much time on your hands to be doing these nerdy type graphs :) They're the type of things the newbie penny bloggers post up to convince themselves they're on the right track.

Most full timers I know can figure out how well they're doing by looking at the pnl once in a while. Trading can take over your life at the best of times no point in wasting precious hours on pretty but meaningless graphs imo.

Mark Iverson said...

Cheers Anonymous - you sure you know full timers who make a profit? ;-)

I guess it's my previous management training coming through. After successfully launching large projects in the past I know the value of planning.

If you get chance (if you can spare the time), take a read of some of the words of wisdom down the side of my blog. This one's my favourite:

"The ending is everything. Plan all the way to it, taking into account all the possible consequences, obstacles and twists of fortune that might reverse your hard work. By planning to the end you will not be overwhelmed by circumstances and you will know when to stop. Gently guide fortune and help determine the future by thinking far ahead."

That was written by someone far cleverer than myself, but following it seems to work.

All the best,


LiZardBoy said...

Agreed with the planning and analysis Mark, kind of goes without saying but good to see a reminder

re Anon; I'd be wary of any pro that only checked his P&L 'once in a while' - far more likely that the 'penny bloggers' are the ones who are unaware of their bottom line


Mark Iverson said...

Thanks Lizardboy,

Nice to hear from someone who shares the same view!

Can't help but think that only checking and analysing results once in a while is being lazy.

All the best,