Usually, I’ve posted my weekly update by now. This weekend, however, was overtaken by Grand Final weekend here in Australia. No surprises in the AFL final with Hawthorn winning their third premiership in a row. I was lucky enough to travel the one hour plane flight to Sydney to watch the NRL grand final. The match is being touted as the greatest grand final in history and I’m glad to say I was a part of the 82,000 strong crowd. The game and atmosphere were both electric. I also got absolutely fucking written off on Sunday night, so no trading over the weekend.
Getting to the trading from last week, WHAT, A, DIFFERENCE, A, WEEK, MAKES! Incredible stuff last week for me, a complete turnaround. I don’t just mean from a financial stand point, I mean mostly in my decision making. What’s hard to get your head around with trading is; you can do something technically right then lose money, same with doing something wrong, money lost. So how does one know when they are making the right decisions? For me, it’s numbers, I like to use statistics with good relevant sample sizes to make entries and and exits. Then I know, no matter the result I made a +EV play. This last week I’ve found just what I need.
I’ve said it before in my blog, “if you are doing this alone, you’re doing it wrong”. You should be connecting with other traders, statisticians, odd’s compliers, punter’s. We have a Skype chat room with 16 traders of all levels. It’s great to be able to bounce idea’s and learn about other markets you may not be currently trading. In the group I’ve been working mostly with @AdamChernoff as he trades the markets I’m mostly interested. We both bought a subscription with http://www.tennisratings.co.uk/. Tennis Ratings is run by Dan Weston & Matt ‘H’, these guys build brilliant tennis models. Since having these numbers, I’ve been able to save myself time in collating data and be much more efficient with my entry/exits in the market. Some really exciting things to come with that service in the near future I’m told, stay tuned for more information on that.
All in all, this was my most profitable week and it’s not even close. I ended up with a total profit of $726.25 on the week. It’s fair to say I am really stoked with that result. But now I’m back, just finished trading my first NFL game for the week actually, it’s heads down, bums up to lock in a solid back to back weeks of trading.
+$726 on the week, account balance $5,061.