November

Despite my pessimism in October, November went a lot better than expected and I ended up a whopping 44% year on year. Not all roses though. As we slip into the harder period of the year I did suffer on individual days and my strike rate fell away. I made too many mistakes by being over aggressive at times when it just didn’t make sense. Hopefully I’ve learnt my lesson on this.

I owe most of my success last month to work I did much earlier in the year. While it can be difficult to take time out from your day to day activities, it’s often very worthwhile doing so as it can lead you in new directions or allow you to see how things have changed. You can also try some new ideas and that’s what led me to a good result, new ideas.

Messing around and experimenting is easier if you are not worried about losing money. Therefore, I have a spare account that I use to trade now and again and I work up a slush fund in this account. This slush fund is money that I can afford to lose without feeling any emotion. I just pretend the money never existed in the first place! Then, when I have a bright idea, or a not so bright idea, I just give it a hack and see what happens. Nine times out of ten it’s a blind alley but often you will come across something that changes the way you think, or allows you to put something new into use.

The markets are always subtly shifting and for every move you make it’s likely somebody will make a counter move. So it’s always worth investing some time into either improving your existing activity or trying out new areas.

Category: Using Bet Angel