200 Days Of Trading: Days 1-4
OK, so I know some time has passed since I announced that I would be returning to trading. Finally, I’ve managed to take some time to write-up a brief debrief (has a nice rhyme to
OK, so I know some time has passed since I announced that I would be returning to trading. Finally, I’ve managed to take some time to write-up a brief debrief (has a nice rhyme to that) to go over my trading results.
Now although I’m only covering day’s 1-5 on this, I had spent a few times in the markets prior to this as I played around with £2 stakes I order to get a feel for what the hell I was doing. I had after all been out of trading for a few months and I didn’t want to put unnecessary risk and jump straight in.
The main factor that I am finding at the minute is time. After working on some new cool projects that are taking me out of the country, my own businesses are also taking off so it’s been difficult to manage my time accordingly.
With that all said however, the first few days back in the markets went really well. My starting bank is only £1k and despite a few avoidable mistakes, I still made a decent ROI which, when you take into account compounding, will see me generating a decent income from trading should I keep my head in check.
I also may have found myself a new system within the football markets. Since my trading is primarily tennis, it’s nice to split things up across the board and given how this system will work, I can look into stats the night before and time the trades accordingly, which is great for what I do for work throughout the day.
There was one major incident whereby I lost nearly £50 due to trading while taking my lunch. As it happened, something major cropped up which took my attention away from the screen for a few minutes. When I returned I had lost the bulk of my stake. Also, as you can see from the screenshot, there are a few instances where I could have cut my losses a lot shorted so this is clearly something I need to work on moving forward.
Mixed emotions really. On the one hand, I’ve made a decent ROI for the size of the bank. On the other hand, it could have been 3-times this amount had it not been for reckless trading.
Still, as I’ve been away from trading for quite some months I must class myself as a newbie until I get back into things properly. Seeing as I have one hectic month ahead I am struggling to see where I will have time to work in the markets again. I need to set a few days aside at least as I can’t wait to prove to myself that I can trade effectively again.