January review

Having decided to do a write up at the end of each month, I was looking forward to the prospect of posting record busting profits. So much so that I let myself get carried away somewhat with the staking for a couple of trades, and was punished by seeing them go against me. This is hugely annoying, and I went to bed last night frustrated and angry with myself.

The pre-blog me of 2011 would have thrown good money after bad, but I have taken the time to analyze what went wrong, and I have come to the rational realisation that even though I have just thrown away 2 weeks worth of profit, it is just a set back.

The worst thing I can do now is implode and go on a month long chasing spree. In a way I’m glad this has happened so early on. You need diversity and challenging times to really gauge how far along you’ve come, and I am happy to be at a stage where i can take a step back, calm down, and carry on as before. In fact, even as I write this I can feel myself taking a more professional view on the last 2 days – an inevitability that needs to be addressed, but not dwelled upon.

Below is a graph of my running p/l and the individual p/l of each trade, for January.

As is clear to see, and ignoring the last trade (and largest loss), I am making steady progress. There is a nice, upwards trend that is to be expected with balanced trading.

Also on the positive side, so far for 2012 I have come out of all 10 tennis tournaments that I have traded with a profit, which is a huge step forward for me when compared to 2011’s very erratic results.

Good luck everyone, and here’s to another decent month ahead.