An ınteresting 3 weeks

Last time ı wrote an article on December 14. I gave a 3week break from my discipline and motivation. Well ı was on holiday between 21dec-2jan, so I wanted to use this 10day period as efficient as possible.

Well, many things happened in these 3weeks that I experienced for the first time. To begin with, I made a 94€ loss on horseracing. It was obviously coming, but I wasnt expecting a that big loss. After it happened on december 17, I didnt trade for 3days to get concentrated again. I started trading heavily again aftrwards. My account was 425€, and at the end of december31, I increased it to 647€. It was like a dream until that time. I was planning 1000€ + very soon and etc. Then what happened? 2012 happened guys.

Jan1st, I lost 7-8€ on horseraces, then I lost 12€ on football trading, and at M.city game, after the opponent's goal, I clicked on 0-0 correct score market with double stake which was 150€ at that time instead of 0-1 CS market. The next day I lost 5€, 3rd of january I didnt trade, 4th of january I lost 3€ and lastly yestrday I lost 16€. That's why I'm saying that 2012 happened to me=(

Anyways, this was a quite big lesson for me. My long loss period is telling me a story, I need to listen to what it says. I guess it says that after that 150€, I lost my short term targets, I came back to under 500€ and after that day I started working again so that I had much less time to recover...

I'm also trying to get used to trading with bigger stakes, which creates another unseen challange for me. While trading, getting used to a stake and a system is very important. As I'm trying to improve those, it's getting harder and harder for me.

Let's get back to the basics. I will summarize what I should do from now on:

• Healthy food, not eating heavy, not eating after 7pm
• Eating lots of vegetables and fruits
• Drinking at least 2 liters of water daily
• Doing sports 3times a week
• Not smoking, not drinking caffeiny beverages
• Making weekly programs on sunday and sticking to it strictly.
• Reading more articles and forum threads about trading mentality
• Trying to stay in the green all the time, ı will make good amount when I will be trading in the zone.
• I should be determined and motivated all the time, staying on the green side always,
• ı should prove that I'm always profitable, considering the ROI is the second step...

P&L 5-11 December

New set of rules are on the way

This week was full of success. I created a new system on horseracing that brings me lots of ROI. But, it created some unexpected thoughts on my mind. I wasn't expecting this amount of profits regularly. Mainly it was consistent with low risk. Since the weekend I started to eat more, not to go to gym and etc. Why?

I think I need a new weekly schedule that will fit my current situation better. This one does not work at the moment... I need to lose some weight, continue doing sports regularly and be profitable consistently.

I realizedthat I should drink green tea all the time, eat fruits all the time and drink coffee only during heavy trading hours. This increases my chances of being profitable. If I drink coffee all the time, then I start being stressful, I cant relax and I cant get rest. It increases my chances of being overtraded and making small mistakes. I settled one new rule this way and I really trust that.

I'm slow by slow increasing my stakes especially in soccer. I should be careful, I shouldnt lose more than I can afford and I shouldnt be greedy. What matters here is the consistency, the rest is easy. ı dont wanna be rich in 1month, I just need to start trading with stakes enough to give me a living...

So, here is the new rules;

• Drink green tea all the time, coffee only before trading
• Improve your system of Horseracing. See the consistency, and be aware of the worst case scenario.
• Biggest rule: If you do not lose any money, you will always increase your bank. Do not take unnecessary risks, that is the main rule!
• Do sports not twice, 3 times a week! Don't even judge it, just do!
• Start losing weight again, eat healthy, eat lots of vegetables
• Read a lot, repeat a lot

P&L for 28 November - 4 December

89 markets, 46 profit & 43 loss. It's fucking bad. I lost all my horserace trading concentration and I lost lots of money. It's very interesting, it2s the first time I tried to trade both football and horseracing that intense and here you go. ı made profits from football and it melted down with the disgusting result of HR. Anyways, on sunday I got better, made the only profit of the week.

Last week was good in total. I traded lots of markets and didn't get tired at all. I think my trading limit is bigger now. ı still smoke 1-2 cigarettes a day and I even started not to buy cigarettes and carry it wih me. That's a progress, I'm once more a social smoker and I dont feel the absence of cigarettes.

I'm down to 85kg, on friday I was 83.7 at some point. I ate too many unhealthy stuff yesterday, I need to eat healthy the next 2 days and get back to 83kg, or even under.

I went to gym only once, that's not good, it has to be 3, or at least twice a week.

I drink green tea all the time, I started to have collection of different kinds and brands of green teas, it makes me very relaxed. I dont drink coffee and ı rarely drink cola.

I made a documentation file where ı keep all p&l,screen videos I make during trading and my notes and analysis on those videos. I started watching those videos and I see that

• I try to trade all 3markets at the same time so that I miss some very crucial points that makes me do more mistakes
• I make lots of transactions,
• I expect trend from every move, I dont take retracement points into account
• I donot follow RSI
• I still didnt add RSqueeze into my trade
• I cant create a cash cow out of HR, ı still do scalping, tickoffsets, swing trading and trend trading at once, which is practically impossible
• I make lots of small losses because I cant position the stoploss perfectly yet.

That's all so far

P&L 27 November 2011 Sunday

The difference from saturday? 6€ profit... What's same is that after making 15€, I started to lose and in the last 7races I lost more than 10€ which decresased my daily profit to 5€. In the one I made 1.6€, if I werent stupid, I was with a 4.6€ profit which counts as a loss to me.

I will stop doing stupid mistakes to grow my trading bank. It's not the additional money that will grow my trading bank, it's me. If I cant get used to that idea, nothing can help me. There is a very nice turkish saying that pretty much ssummarizes everything; "taşıma suyla değirmen dönmez" (a mill will not work with the water that you put on it. :s)

P&L 26 November 2011 Saturday

I'm trying hard to not to make money! Interesting, that must be more or less what they call an overtrading. Thank god I'm not f'ing up my trading bank but this is ridiculous. A whole day of trading and what's in the end? 47cents loss. If I sat in front of the computer and do nothing, I would be better off. It's not a game, it's where I should make money, and I will do it.

P&L November 24 2011

It's like a therapy to write here. Yesterday was interesting. First the computer didnt work I missed a race, then while trading I was on lay side with more than 60€ liability and my computer restarted itself and the race began. Thank god the fav horse couldnt win that I layed and I made 20€ by chance.

In the next 3 races I continued my good performance, used the trends to make 3-4 ticks and over 2€ profits, yet in one of them I lost track of the race, there were 5horses ı was trying to trade at that race and I finished that race with a loss of 37cents. I really didnt like it.

In the last race ı was cooking, I just went in front of the cmputer, saw the trend but with a stoploss accident I made 2€ loss whereas I was gonna make an easy 2€ profit. But, also trading this way is quite inappropriate.

After the horseraces there was Euroleague, GS, Fenerbahçe and Nancy were playing. With one mistake I lost my chances of making huge money and I made a 15€ loss in that. Afterwards I had many chances to decrease it, and I could use only a small amount of that. If ı were more careful, I would make 20+€ yet I finished basketball with -10€. At the end of the day I finished with 12€ profit, quite good although I traded like an idiot.

Everyday I'm spending many hours trading so ı should make some consistent profit afterwards, I need to see improvement, otherwise why shall I spend my precious time for this? Tradeoff is big; time... I should appreciate every second I'm spending to trade and I should see the positive results. In most of the time it's profit, and it comes with a solid serious trading.

I'm coming closer to overtrade, I can feel it. I still didnt check most of the videos I made, but that's very crutial to understand how trends occur.

I should do sports 3times a day, it helps a lot to clear my mind and burn 600calories so that not twice a week, but 3 times!!! Last I did was on monday, so we will see how it will work out in the upcoming days.