Trading review

Hi there, how are you? I am still trading, and working hard in this arena, but was not posting for a while in a blog. So I want to share some topics with you about how things is going for me.

Improved trading station
I got a new PC and another 24" LED monitor. So I have two screens each with 1920x1200 resolution.  One screen is for ladders and other for charts and betfair video. It allows me very quickly to pick charts what I want to trade and to see what is happening in whole market in just one glance. I think some  pictures will do better than lots of words :)

Trading "corner"

Still, I need better internet connection and maybe one more screen for better video stream from ATR and RUK . Maybe in the future I will get them too.

Changing trading style
At the time I am changing my trading style from scalping to swinging (except very liquid races), because I think markets are getting more competitive, it gets very frustrating then markets start to play with you chase game while scalping, you must chase it to get your money matched for your entry and it is running away then you try to exit (bigger odds), of course in liquid markets it's not like this, but then you come at 7th minute and see only ~60k total matched probably you are looking for a trouble if you want to put your money for a quick scalp there. At the time I am trying to step out to a larger scale, I mean putting money earlier and waiting for bigger movements longer with bigger stop loss. Probably I got influenced to change trading style by a book what I am reading ,  "The Art & Science of Technical Analysis" by Adam Grimes.
In the beginning it was very hard  psychologically, I wanted to be clicking a lot more in the ladders, and surviving pullbacks was a nightmare, lots of times I would predict swings, but no guts to be in them or I just exit too early, or I find places to make big losses somewhere else than my edges tells me to be and of course missing places where I should be. But with time it is getting easier, and I am improving this "waiting in the right place" and "clicking less in places with low profitability/probability". 

Books and financial markets

Still reading trading related books, at the time I am waiting to be shipped for me "The Complete TurtleTrader: The Legend, the Lessons, the Results" and "The New Market Wizards" . My trading library is getting bigger :) I believe I got lots from books about trading what I have and I am sure I will be looking for more in the future.

Well, I am preparing myself not only for always changing and improving betfair pre race horse racing markets but for financial markets too, at the time I try to split my work week to 3 days for betfair and 3 days for learning tech analysis charting for financial markets. However there is always "something" in life and it's hard to stay  with a schedule all the time. Tons of work waits me before I start to put real money on forex trading again, I need to make better preparation and it's very hard then there is another trading arena which requires big amounts of inside resources and time. But I believe I will make huge progress before next summer.

Power of clear goals
Last spring I made a goal "I should make 150eu daily this summer at least for one month". And it came true :)  I made two months better than 150eu average daily, which was my dream from the start of my bf trading carrier. However earnings dropped dramatically in August. But it remembers me that having a clear well defined goals makes magic. My "big" next goals for horses will be set only next spring, because I think it's not a good idea to setup them right now then things is coming slower in the winter. My goals for forex trading is not killers either yet too : "define exactly your edges on the paper", "make research with your edges (make sure you do have an edge at all)", "read all the books what I have", "start to trade demo, and if it will be successful start to do trade real money slowly."

Psychology and top performance
I still need more consistency, because I had some very bad weeks, however not a single loosing month since February. At these harsh times it seems I forget how to trade, and markets seems very unreadable, but I believe there are problems inside me rather than in the markets. I think my trading performance drops dramatically then I am not feeling good physically, or I am tired, or I am in the bad mood, or have other not so big frustrating life issues. In short then I am not in my top performance, my PL sucks... and it sucks big! Here are an example of two trading weeks in August, where one week suffers from "not top performance"

 I like to compare this with other high performance things. Like driving a sport car in a race. Can you expect to finish in the first place when you are disturbed, or not concentrated, or ill, or frustrated, or tired? I think no ...

Big loss from a thin air! These losses drives me crazy...
Was trading IRE racing market, entered pre race in the back side on the horse about 30 odd, exited most of the stake before off, and remaining in the inplay abut 30s from the start.  Made few bucks. Closed position and made sure there is no stakes left in the ladder and everything is green like always. After 10 minutes I noticed that I am missing 300eu ! My pl shows that -300 too. So happened this :

Please note that there was a late non-runner in this race and as such any bets that were matched before the off of the race and before the non-runner was announced will have a reduction factor applied to the bet. Any bets that are matched after the off of the race do not have the reduction factor applied to them as the price reflects what is happening within the market and the race. These bets have been settled correctly on the account and unfortunately this has resulted in a loss on the bets you have placed.

That sucks! I hate this. So my entry was reduced by ~35% reduction factor and my exit was not, and that small remainder from a lay side on the horse ~30 odd won...  I even did not know about non runner in this race!

It happened for me like this not a first time then bf takes money for me not fair. Imagine this, entry: back bet, exit: very late lay bet, and that one for some reason I don't know was voided lay bet :) so I lost about ~150.

Or this one: was clicking on a ladder and made too much multiple clicks and my account went to MINUS somehow, so I was sitting there with about -20 euros in my balance before 1m left to the start and without possibility to exit my ~200euros back bet, and of course I lost it... Bf said its very rare event, but these kind of shit happens.


Conclusion
By the way, there is my PL in August and September, still it looks like going in the right direction, hovewer variance is too big and I need to work on that.

So that's it for today, good luck!

Getting closer to consistency

"Boom and bust cycle"
Hi there, sorry for not posting for a while, however I had lot to write here. But I resisted to do that, I believe I have found my behavior pattern related to my inconsistent trading results. It stuck to me, while reading again (~3rd time?) "Trading in the Zone" by Mark Douglas, that I was in the "boom and bust cycle" for very long time, and I believe right now that I am breaking out from that behavior. What I have noticed is the relation with this cycle and my posting in this blog :)  Positive post -> Negative post -> Positive results -> Negative results -> Boom -> Bust ... So writing a positive post would had mean that I am getting overconfident and preparing for bust cycle.

Some quotes from "Trading in the Zone" by Mark Douglas about this

"The largest group, the remaining 40 to 50 percent of the active traders, are the "boom and busters." They have learned how to make money, but they haven't learned there's a whole body of trading skills that have to be mastered in order to keep the money they make. As a results, their equity curves look like roller-coaster rides with a nice, steady assent  into a steep drop off, then another nice, steady assent into another steep drop off...
... As your confidence grows, the more likely that at some point you will cross the threshold into euphoria and start the cycle all over again."

In short the cure is to take full responsibility and accept the risk, at last I am willing to do that. Who did not read this book, I highly recommend it.

Growing my account
I was never growing my account bigger, because I always lost it all when I was trying. At the time I am growing it successfully. However I can see getting resistance every time then I reach certain amount, after new highs I get pullbacks, but I don't give up and grow it again, I am trying to keep on myself  pressure all the time, somewhere read/heard that the only way to learn/do something uncomfortable is bravely force yourself to do it.
Whole last year I had only 100-200 in my account. At the time it's 700, and I am willing to grow it to 1k in this month. Bigger account does not mean bigger stakes and profits, it also means smaller losses and smaller gains compared with your account size, which adds more consistency in our minds. It's a big difference to loose/win 20% and 2% of your account in one certain trade. Read this somewhere in the books, and got a remainder in this nice blog "http://tradingaprofit.blogspot.com/".

April, May and 1/2 June results
Results seems more consistent, and I am very happy of that. Still not making big amounts, but most importantly they start to look CONSISTENT! Bigger numbers will come in time, no rush, no hurry...

Well, I had few extremely profitable days, and one evening is shockingly good, somebody was giving free money! New PL record is +703.03 EU

However my average profits is 10 times lower, and my dream/goal is to reach 150 on average daily. Maybe I will make it this summer at least for one month?
Ok, it's enough bragging, cause will get another "boom and bust cycle" ...

What's next?
I can assure you that I will be trading pre race bf horses this summer for sure. I will try hard to improve  my trading.
At the time I almost finishing reading great book "Market wizards" by Jack D. Schwager . Great one! I highly recommend this book.
After this one I have another 4 big tomes about price action for serious traders to read :) Gonna read a lot this summer! I plan to start trading Forex again in the Autumn, but first I am gonna make better preparation.

That's it folks, good luck in your trading.

I love trading

Today I blow up again... "ajsndfasfbahsbfzxjjsdnfjsdnf;ks\jdf" - angry bastard I am. So much bad feelings in me... It hurts, it hurts a lot. Not for "how much", it hurts because I promised myself to not do that again in the past, but I did that again - "Happy ending -> INPLAY"-  in the doing time I recognized that I am doing this, but I could not resist... I knew I am doing bad thing(someday in the past it rescued me!), but it was more powerful emotion than my conscious mind, I wanted to get it back!... It was more powerful than >2 years screen time, knowledge, reading, experience and all efforts and all dreams? It seems I am trying to convince someone.... I STILL CAN'T GIVE UP and let go and be humble and I must fight till the end...
So I am down from 300 to 100 eu balance from this emotional break out. This balance I was building 13 days from 50, and today I fucked up everything. Well, I will survive... I found strength to leave that one hundred :) I believe I am getting better in technical side and my emotional side will catch up "maybe" ... I NEVER THOUGHT THAT TRADING IS SO HARD before I started doing it, I always thought I am very very smart and I am very good at mind games. Well, it's another surprise after few trading years that emotional intellect is more important in this battle arena...
I changed trading strategies/styles. At this time I traded ONLY favs with "price action patterns", but it was very emotional, so unnatural, harsh, STILL very promising... so hard to change old behavior patterns from scalping >10 odds.
Well, enough talk, good night, today is good lesson for me, and I hope still someone finished to read this post from a guy after 5 pints of beer in the night... :D

Please watch it reverse...

"IN TIMES OF ADVERSITY, TELL  YOURSELF THAT YOU CAN DO IT. GREAT TRADERS ARE NOT BORN AND THEY ARE NOT CREATED, EITHER. THEY CREATE THEMSELVES" - Bob Volman, Forex price action scalping

February and March review

Hi,
Well I must confess that I left forex trading for a while. It seems I am not so good how I thought I was in reading price action. With trending market conditions it seems okey, but when it comes dealing with ranges or trending ranges I am failing to make consistent profits. Maybe I  forgot some content from price action trading books and got "little" emotional after loss streak, or maybe I got tired from "not making money" with pressure to make xxx for a living, maybe that drowdawn is caused by my health problems... In short - objective, patient, calm mindset is gone away again - it's worst thing in my trader's life, it's like trading depression. So after January consistent profits I got February consistent loss(both months left me with small total loss), and I decided to put forex trading to the side for some time, until I manage to make some consistent income from bf horses to save for a living and until strong inside motivation to trade forex will come back. Some shitty market reads ...

It still remembers me how inconsistent I am. Sometimes it's funny then I can notice periods of "how good I am in reading markets, how clearly I can see what is happening and making calm objective decisions and  consistent profits" and true opposite "can't see nothing and getting emotional".  I believe these mindset's shifts makes all the difference of being winner or loser. I am sure that time will come when I will dive again to the full time trading/learning forex markets :) But first let's make some consistent results in trading bf horses, here is last Chelt week's PL - with a new record per one market +84.18. I wish that Cheltenham festival lasts whole year ...

Total profit is not huge, but most importantly results was consistent and I am very happy of that. Summer is coming closer and closer, stagnation from a winter time is going away and I believe I will manage to make some nice green. After these green days/weeks/months I am gonna start to look back to part time forex trading too. Maybe 3 days forex and 3 days bf horses in a week.

Few more things to say - I am getting fat! I got more 10kg on my ass and belly after I quit smoking 3 months before, but I am very happy and proud that I did it! In summer time weight will get down for sure. When things is not going so good, I always remember myself  "at least you stopped smoking" :) One more thing to say that next week I will have my nose surgery at last, and I am expecting that chronic sinusitis/infection will leave me for all time. I have hypothesis that my health problems causes my trading inconsistent periods... when you don't feel healthy how can you hope to achieve something? Particularly in so competitive trading arenas.


That's it, have a nice and green day.

Review of my trading and plans for the next year

Hello everybody, how are you today? Was not posting for a while, I think today is a best time to update my trading journal. 2011 is over and I can proudly say that I succeeded in "not failing" with trading :) In my first pessimistic post of this blog I gave to myself one more year to do everything what I need to do to become a winner, and I did it. So my trading journey continues and becomes even more interesting then I start to understand more and more about what I am doing and what need to be done :) I had very nice consistent and profitable months, however there still was inconsistent and hard periods, but somehow I survived them. After each inconsistent and stressful period then I felt I found a way to stand up, to clean the dusts, and I believe I became stronger.

At this time I am in the crossroad, betfair horses or forex? I can't do it both full time... I must choose one and try to be best trader what I can be in one trading arena. Any mixing becomes distractions and I will get worse results than I would be trading just one arena... I made huge progress with forex scalping. I started to trade eur/usd with real money account in this month, and most importantly it seems profitable and understandable, less stressful and cleaner. I think I will leave pre race horses for a while. I am not saying I am quitting it for all time, but I need some time period to trade forex alone, and see results. If they meet my expectations and plans, probably there will not be any need to look back in the betfair trading. Time will show :)

At the moment I am fully immersed learning "price action". In financial markets and pre race horse markets I find lots of similarities with price action, it seems these rules/patterns works fine for collective market behavior and remains the same like in any other market, for example I can see these things/patterns happening: extreme test in a trend, failed breakouts, double tops/bottoms, head and shoulders, trending highs/lows, pulbacks, bull/bear flags, etc, etc ... Actually every trader who have no any idea about horse form is trading price action, they just do not have these names for patterns, and doing it more instinctively/subconsciously, than making conscious reasoning. However in the horses things happens extremely fast and lots of the time things are somehow more confusing, spoof money there, spoof money here, real money there, very big real money here, but I am too late, this one can't go down, unless fav reverses ...I believe I would be better trader only with one ladder and one price chart, doing more swing trades, however it's hard to change trading habits, and sincerely I don't see any need to change them, if I could profitable read price action in the horses, so I can do that in the forex too, what I am doing and it seems not bad at all. So it's easier to say bey bey for the pre race horses and concentrate to the more perspective trading arena where is no any "PREMIUM CHARGES" and any limits with getting matched your stakes :)

Few more things to say, I smoked my last cigarette in the December 7, at the moment it seems that any intention to have one more cigarette has gone for ever! In this week I ordered some books for further price action/trading education, hardcore three volume reading by Al Brooks "Trading Price Action Trends, Reversals, Trading Ranges" totaling 1647pages... and another one "Forex Price Action Scalping: an in-depth look into the field of professional scalping" by Bob Volman. I think I will have what to read the whole year :)

For the end of this long post some random pictures for you, what I traded real money with one pip value of 1.5EU.

That's it folks, good luck

November review and FX scalps

Hello everybody,
November was harsh month, in my trading and also in my life. It seems I am having chronic sinusitis for two months, so was feeling bad for very long time. Probably health problems had influenced my trading results too. I was taking runs(jogging) for a few weeks in the mornings, but after my body rudely alerted me that I am sick I got a visit to a doctor. At the time I finishing to drink 3rd pack of strong antibiotics and some other medicines. And next week I am gonna ask for surgery to my splay(?) nose's septum(?), because these sinusitis repeats almost every year for me. I need to fix it finally.
I traded this month only 303 horse race markets in betfair (in September 631 markets). Lost due in play 420 euros, average win per market is 6eu from 201 markets , average loss is 11eu from 102 markets(in play losses included). Total finish is +120eu. That profit is small ... but what a heck, it's still profit and I worked hard to stop that in play problem and I am sure I will not do that again! Next following months will be more profitable I am sure.
After using exercise from my a last post I never had even small temptation to go in play again! However I got involved one time by accident, then I saw time to the off is 00:00 I canceled my exit lay stakes and wanted to exit by current price, and can you imagine that 5f market got in play in that split second time when I was pressing on the current price? I had a back bet on ~20 odd horse, so exit was impossible. I lost ~70eu by this. This shitty thing happened at least few times in my trading carrier. I must BE MORE CAREFUL in the  last seconds of the pre race market and close my trades little earlier.
I believe I am getting back to the right traders mindset - calm, concentrated, free from frustration and anxiety, trading in the now moment. Its hard to come back from harsh period but I will make it :)
November's roller coaster:

I bought a book "Trade With Passion and Purpose: Spiritual, Psychological and Philosophical Keys to Becoming a Top Trader" , not so good and interesting how I though it will be, but still, I find there few very good insight. I am in the middle of it.

Forex scalping
I am still trading/learning Forex markets with demo account. Almost every morning I am watching what eurusd is doing and trying to apply knowledge what I got from hardcore reading book "Reading Price Charts Bar by Bar". Well, learning process is not short, and I need much more experience before I put real money, though my demo account is on profit with ~55% win ratio, but I think it will get harder with real money due psychological pressure. Perspectives in Forex financial markets are amazing in long term, only if I can manage to make consistent profits on weekly basis, let's say only 50 pips, I would be millionaire after few years by increasing my position size and keeping risk not more that 2% per trade on my trading account. I believe time and efforts will make me successful long time winner.
Here are some examples what I saved for you from my demo trades what I made in the real time.

So that's it folks, have a nice and green day.

Exercise to stop going in-play

Hey there,
Just found an exercise to make sustaining changes, in trading, and in personal life. Read it in Steenbarger's book "The Daily Trading Coach: 101 Lessons" . This exercise (if it work) will save me thousands and probably all my trader's carrier. After my last post this destructive psyche pattern resumes, and every time it gets more painful. Yesterday's pl chart, it is self explaining ... And I was doing this kind of thing too much lately ... That my problem pattern just vanish all my knowledge, experience and all very hard work.

So about exercise, it is not enough to want to make changes in your life, we need to sustain them, and only thing to do that is to mix some emotions. First thing is to write a goal on a paper - for me it's "stop going in-play, take whatever loss you have and just move on". After this I must use my imagination, play two movies in my head before the trading session -
Movie 1:  That one is constructive step, creating positive emotions for changing - I sit down to trading, I get a big loss, time is getting near to the off, I just turn off the market, and proudly with lots of satisfaction and understanding that trading is only probability game (I will be in the nice green in the end of day), I open new market and wait for another opportunity to make a trade.
Movie 2. This one is going to be destructive, to make me afraid of failing - So I get a big loss, time is getting near to the off,  I can't accept a loss, and I am still fighting market to get may money back, I get even bigger loss, what I can't except, full with frustration and anger I turn on in play mode, and make a bet with  all my trading balance on the first horse's odd falling dawn. And that horse of course fails and I loose all my money AGAIN. Full with self blame, anger, frustration and depression I leave trading for that day...

So this exercise should work in every change in our lives what we want. In this way we train our brains for the new patterns and get afraid of destructive ones.
I am gonna try this !!! If this gonna work, I will use it every time when I need to make a change for reaching goals what I want

Good luck

Why it's so hard to stop doing bad things???

Hey everybody,
Huge step backward this month. Why it's so hard to stop doing things, which you know are destructive to you? I struggle with two things in my live very much, first one is smoking and second one is going in-play after few bigger losses then trading. I am disgusted by these two and dream about stop doing them, but I am failing... I know my life would become a lot more easier healthier and richer if I can achieve it. Any comments about any  experience in these areas are very very welcome. 
I know a trigger for that my in play problem, after few bigger losses(spikes) in the market(especially in the hard days)  I just can't accept it, even I know that it will gonna be destructive and more painful, but I just do it. So I am forced to keep my trading bank low, I can't trust myself, I can't afford to build it bigger to blow it... What I am afraid of that the same thing gonna happen in the future forex trading too, I will just put too big position size, turn of any stop losses and will be gonna watching a destruction.
Similar thing with my smoking ... I read books, hypnotized myself, was asking  help in Allen Carr's Easy Way  clinic, tried some medicine, spend lots of money on various "help" stuff. I want, but it seems I can't. I swear myself to stop hundreds times, however only for only few hours to few days and I am smoking more and more... Probably I hate this more than going to in play to give back so hard earned money for free.
Well in this month I got in the in play 5 times, 4 was a big loosers, and one saved me some money... Complete nonsense that I am still doing this ... Here is October PL

In this month I traded lot less markets in the betfair, was trying to concentrate more in forex trading(learning). Still reading that hardcore book about price action(very very hard slow reading, but tons of good info there), what I mentioned in the last post. Watching charts in the real time and playing with demo account. One day I managed to make from 5k to 35k :D but without any money management, just wanted to watch huge play money amounts. Still my win ratio looks bad, about 40-60% in the different days. My objective is to reach 70%, triple demo account with money management and then I will gonna put some real money. However still tons of learning must be done.
Well, I need to get some optimism and get back on the right path... Good luck and profitable trading.

Getting better (month review)

Hello,
Finished September with €1,797.00 profit. Traded 631 markets. Got two losers days (tiredness and frustration break out). Had 4 day offs and all of them were in Mondays, I believe markets are worse in this week day. In most days liquidity in markets was not satisfying, but I managed to reach consistent results and I am very happy of that. I increased my trading balance and staking a little bit, I am getting more confident with my actions in the markets.

New internet connection
I got a very important change in this month: it's my internet connection. Was having responses 75-200 with my old, and with a new 90-140 toy is showing. However my old was not consistent, ping jumping to red at least once in 5-20 seconds, and now no reds at all :) And of course results got a lot better. Never thought that internet connection is so important, but it is. Maybe in the future I will get even better one, with stable 60-90 response times from betfair, when I will be able to get optical internet connection.


Scalping
Most of the time I am scalper, taking 1-4 tick profit. Most of the time trading non favs. I always watch charts to notice forming patterns, like doubles, head and shoulders, trends, triangles or just plain support resistance levels. That knowledge of technical analysis helps me with my trading. What I started to see in the markets is then traders starts to take profits or cut their losing positions, it helps a lot with my trading decisions.


My traders mindset is getting better
Some days in this month I got very frustrated... angry... unhappy... and these feelings of course pulls me out from right traders mindset and my PL starting to get shitty. However I already have a cure for this. I take a psychology of trading book, read few chapters, if necessary to flush frustration and negative feelings I sit for meditation session, after this I am like new, making a restart to my overwhelmed head. After these actions my PL gets to new highs :) Fully concentrated, disciplined, patient, calm, fully immersed in the markets and price action, confident ... I LOVE THIS MIND STATE and how my pl grows with it. It's a lot more fun then trading! It becomes like high performance competitive sport :)
However I am still very careful with my growing trade balance. Don't want to make it big to blow it ... My goal remains the same, slow and steady, consistent trading. 


Forex - brain said no!
Well, forex thing is not so good how I wish to be. After few weeks of very hard work in both trading arenas and tons of reading my brain said - stop, stop this obsession, too much, too stressful and too exhaustive. Got very lazy with trading/reading/improving in forex. So I will do it very very slow, I will run nowhere with this kind of rush. I need to keep my inside resources alive. I will trade only one researched simple edge on m15 TF with small position only London session. Will take only 0-2 trades per day.
Yesterday I got a HARDCORE reading about price action :) I think it's a best thing to master, and I will stop searching for best indicator/system.

Well, that's all what I had to say. Good luck!

Why do you trade?

Simple question, why do you trade or want to become a trader? What's your motivation? It's fun, interesting or you think it's easy money? Please leave some coments, it's interesting to see them.

Trading for me is:

• The way to earn money, most important factor. In my country average salary is about 450eu monthly, I think I can beat that :) And most importantly the perspective that I can earn a lot more, I just need to get better. Maybe one day I am gonna be rich? (probably not from bf trading)
• Being my own boss, taking holidays when I want, working as much as I want. Remember when you are your own boss it does not mean that you are good one :) So I always try to be hard on my self, working at least >20 days per month. I try to analyze my best trading and worst problems. And I force myself always to improve, reading books, making research, trying to see what I am not seeing at the time in the markets.
• Learn one of the hardest profession in the world. Yes, trading is like that, we must learn to think in a different way, what comes unnaturally for humans. For example: people always put more risk then faced with a loss, and act very conservative when need to take profits, so we cut the winners and we are adding more to loosers. It must be vice versa to become a winner! So exactly from this psychology successful traders says: "cut your losses short, and let your profits run". Do not forget that almost all beginners traders fail and quit trading. Probably only one from ten or even more becomes consistent long term winner. So it's kinda a challenge, I can make it!

Moving forward with my trader's carier and month review

Hello boys and girls (if any is reading this), was not posting for a long time, was a little busy from a last post. First of all holidays in Croatia was wonderful. No phone, no computer, no betfair, no stress, we were enjoying every minute of that travel time. However I catch myself thinking about trading in few occasions, probably it's impossible to forget what you are doing full time with lots of efforts and passion. You can take a look for a few pics below.

I finished August with a tiny profit of just +20. One time I was in that month about +500 , but I found a way to blow everything. OVER TRADING again, I NEEDED MONEY not a best decisions, so traded too much without day offs and managed to make very stupid trading errors like forgetting to finish trading before inplay and my stakes went to very old in play.

Well I am still not consistent how I wish to be, I always need to monitor myself for tiredness, lack of positivity, over reaction ... in short I always must be in my top performance if I want to get good results. Still I find very helpful "brain sync" with headphones and music to help me to get in the zone.
This month September is a lot better. Here is PL. I wish it remains like this.

So, why I am so busy? Finally, I got involved in Forex trading. At the time I am like workaholic, computer addict :D From a morning till a night involved in trading. My daily routine looks like this:
clock alarm -> coffee -> forex -> food -> coffee -> bf horses -> forex -> food -> reading and learning lots about forex -> bed
Somedays I mix in this routine some sport, gym for my degenerating body. Imagine what damage my body suffers, eating and sitting all day! Kinda boring and overwhelmed! Well it's just a beginning, when tons of learning must be done in new trading sphere. I can remember same scenario when I started in betfair. I made some trades, some winning some losing, I decided not to trade with real money till I will be confident with my edge. Still tons of work awaits me.
Waiting for a book about creating trading plan for forex trading. Maybe it will helps me to make some shortcuts in learning and planing. Forex and betfair horse racing markets has a lot difference! In pre race horses in 5 minutes sometimes I make 10 trades/scalps, and in the forex I need to wait let's say 2 hours that something develops. Very different timing, even M1 time frame looks too slow. So I need to make adaptation there. Learn to make only 2-3 trades in a day with a very good analysis. In horses most of the time there is no time for good analysis, you just make trades instinctively. I have some learning experience with bf trading, so learning to become consistent winner with forex should be easier.



Well, I believe everything will be okey :) I will learn trading forex too, like I did in betfair pre race horse racing. I just need time, experience and good motivation. I believe that after one year everything will fall to their places and I will be making money consistently in both trading arenas. Maybe only in the forex? Yes, I would quit bf horses if forex's profits would be bigger than from bf. There is one good thing in forex, that if you have an edge, you can put few millions stakes and nobody will react to you!


That's it folks, wish you good trading.

Rich July, new chair, and holidays in Croatia!

Hi everybody,
Quick review of the month. Finished July with 2489 profit, averaging one trading day with113 green. Results had beaten all my best expectations, I think it's a lot easier to trade after PC2 charge! Or maybe I got better? Here is my PL chart:

I changed my old chair to new one :) That one was serving to me more than 12 years. Believe me, I feel a big difference, sitting very comfortably, feeling like a real boss...

I can remember a good example in "Psychology of trading" by B.Steenbarger about a trader who was seeking help, in office he traded very good, at home he was a failure, and he could not understand why is that. They found out that at home he got uncomfortable chair, which was making him backache and he could not make "right" decisions in his trading. Probably that new comfortable chair is going to help little me too :)

And most importantly we with my girlfriend are going to Croatia to have 8 days holidays :) I needed prolonged time from computer and trading a lot. It will be nice to come back with fresh mind and tanned body. I always loved to travel. I spent about 4 months in Alaska in US, and about 5 months in Turkey. These months was my best in my life... Well, prolonged travel time will come again :)
Here is few my pics from Alaska and Turkey made with my old Pentax camera, which I lost after making very very bad trading decisions and going in play... Well I think time is coming to buy new and better one :)
Alaska

Turkey

Good memories and adventure spirit flooded me while watching these photos... :)
That's it, good luck in your trading :)