sexta-feira, 23 de agosto de 2013

Build my Own Bank? Challenge Accepted



Hi there,

I'm not exactly getting back to trading because i haven't actually left, as some of you who might actually read my previous posts know i just had very little to no time to trade since mid june, although i still traded every now and then, but just a few races every few days, not even enough to warm up... I will have a bit more spare time in September and October so i'm going to try to trade and post a bit more this next few months.

So the actual reason i'm resuming the blog is that i have been talking to a few friends in the last couple of days/weeks about horse trading (other sports aswell) and or small banks and how hard it is to get started with such a small bank.

Well i'm not even sure how many times i've done this(starting with a small bank) before but i'm pretty sure they were at least 3 times and in all of them i did get to raise my bank a fair amount without the need to invest more money from my own pocket wich is always good if you ask me (despite the lack of motivation to trade with such a small bank), so i think i do have a little bit experience on slowly and steadily growing small banks. This doesn't mean in any way that it is easy or that i can do it everytime but i would like to think that i do have a reasonable probability of being sucessfull.

I normally don't like challenges as i think it might lead to some unwanted self forced mistakes trying to chase those few extra ticks, but this time i'm going to go ahead and set up a small and achievable goal to try and motivate myself and some "small bank traders" who might follow the blog from now on...

Be aware that i'm still working and also have my daughter to take care, so i'm probably only trading 2 or 3 days a week, just for a few hours, this will depend on many things but just to let you know that it won't be a full time thing...

I'm going to be doing what i used to do when i started the blog a few months ago, scalping the underdogs in pre live, back/lay, using 2€/3€ stakes, might do a bit of live if i spot any good opportunities, so here's how it's going to be:

Starting Bank: 10€ (10,72€ to be precise)
Objective:150€ 

Lvl 1 - 15€
Lvl 2 - 20€
Lvl 3 - 30€
Lvl 4 - 40€
Lvl 5 - 50€
Lvl 6 - 60€
Lvl 7 - 70€
Lvl 8 - 80€
Lvl 9 - 90€
Lvl 10 - 100€
Lvl 11 - 110€
Lvl 12 - 120€
Lvl 13 - 130€
Lvl 14 - 140€
Lvl 15 - 150€

I'm not defining a deadline to achieve this, firstly because as i said i don't think i will have as much time to trade as i would like to, and also not to induce myself in any sort of time pressure to achieve some goals/averages or whatever... Well i guess that's all for now.

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