Time out

The Trading has gone from bad to worse, so the most appropriate action I can take at the moment is to take time out, go over what was going right and what went wrong. I can't continue to make such hefty losses and as things are I feel those losses will only continue. I was upset about yesterday's losses so was looking for a quick fix today, but again stupid betting and chasing losses will cost you. I'm reading a book about trading at the moment and only until I've finished it will I contemplate trading on my own bets again, for the supplied trades I will continue to same stakes.

Here are today's results:

Tipster:	P/L Today:	Stakes:	ROI:	P/L 365 Days:
4PA	0.00	0.00	N/A	73.07
CL	-1.89	6.00	-32%	22.75
EI	0.00	0.00	N/A	17.19
FE	0.00	0.00	N/A	11.34
FI	0.00	0.00	N/A	15.87
MGB	0.00	0.00	N/A	14.78
PB	0.00	0.00	N/A	23.01
SK	0.00	0.00	N/A	30.32
CNB	0.00	0.00	N/A	-3.88
FES	0.00	0.00	N/A	4.03
EWV	-1.12	3.00	-37%	-29.21
BLB	0.00	0.00	N/A	6.14
TRA	-8.00	8.00	N/A	-2.36
AB	0.00	0.00	N/A	-5.43
MB	-6.00	6.00	-100%	-1.21
SPDT	0.00	0.00	N/A	-0.23
	-17.02	23.00	-56%	176.18

It's certainly not going to be easy turning this month around, but you never know. I will continue with the Bettor Logic Bets as I firmly believe I've found an edge here and I have a proper procedure in place. The Trading was very spontaneous and anything could be a trade as long as I felt good about it. Of course, what you're reading here about my trades is everything you shouldn't do, I'm not proud of the losses but the only way to move forward is to realise one's mistakes and then take corrective action: in my case that corrective action is to stop trading for the time being until I'm "right". Initial trades were going very well, but today they are totally different to what they were and that's not a good sign, I've certainly changed it for the worse and it's either back to basics or nothing... to be continued

All my own bets were on the Champions League and they all lost to compound an already dire day. But I won't be deterred, tomorrow is another day and I'll go to sleep tonight remembering some of the mistakes I've been making. It's time to reflect!

No success either for Champions League Bet or Each Way Value today. So a miserable day all round to be frank, but as I always say where there are mistakes there are opportunities to learn too.

I don't understand why I'm so good at being disciplined for the tipsters I subscribe to yet for my own betting I'm lacking discipline. Things can only get better from hereonin.

Until tomorrow