Well this week was a bit meh! A bit of a loss, but not too bad all things considered. It could have been a lot worse than what it was, so I guess a £50 loss isn’t too bad all things considered. Here’s how that amount was arrived at:

When I say things could have been a lot worse, it certainly could have been. I decided to actively intervene in this weekend’s trades to try and cut my losses. The three £50 losses shown above were from my fire-and-forget trades. Except they weren’t exactly fire-and-forget. They were more fire-and-see-what-happens-next. I think with each trade I decided to trade out early for at least one of the scorelines. So that was £75 (3 x £25) in total saved. In the end it was the right decision in terms of minimising my losses and protecting my bank, but ideally I would just like to trust the trades will come good and there would be no need for any manual intervention. But I guess with me being on a bit of a losing streak, these things need a bit more of an intervention to help me psychologically until I’ve built the bank up a bit more. Last season I had no problem letting my trades ride, but the difference was the fact that I had the winning streak first when I initially started trading, so I was playing with pure profit. Now this season, I’m experiencing the losing streak first so mentally it’s a different ball game. I think this must happen a lot to traders just starting out, and would be a good reason for them to give up early. That’s why it’s important to have a good bank behind you, to ensure you can survive the variance and to be able to trade another day.

Anyway, here’s how that loss faired when compared to my other trading weeks this season:

Here’s a graph to show how my journey so far this season. I’ve yet to get above the break-even line but I’m aiming to do that before the end of January next year:

I was thinking there were going to be a fair few games coming up, but looking at the Premier league fixtures it’s pretty much back to normality, with 4 rounds of fixtures until the end of January. Yes, there’s also the FA Cup, but I tend not to bother with cup games unless it’s possibly an all-Premier League tie. So we’ll see how that goes. If you’re trading at the weekend, then I wish you good luck. And may the Lord be with you. Always.