Money update

Money update

I’ve been putting this off because, I thought it was going to take a lot of digging around as I haven’t updated my balance before Vietnam. That and the fact that I knew the financial slide had continued for me overall. Like most things that you procrastinate about, it wasn’t nearly as bad once I got stuck into it. Your head has this amazing way to make a mountain out of a mole hill at times, the sooner you rip and get it done the better.

Anyway, enough bullshit, on to the dollars. As I hinted the new plot on the graph shows a continued decline in profits. This doesn’t bode well for my dreams of sailing on a yacht in the Caribbean, next time Australia play the Windies over there. Although it can’t be seen, things have started to turn around in the last week and a bit. The lowest point my balance got to was about $1,000 less than what you see, a few things have really started to click for me in the racing markets. Yesterday I had my best day there with $350 netted, I won’t be declaring it a winner until I can put a month of consistency together, I have a lot to learn still, I’m doing that, but I’m “quietly confident” that its coming together for me.

Cricket is ramping up with the WT20 competition starting in India a couple of nights ago. I thought I was going to stay up all through the night for the competition, but fuck it, I really don’t enjoy the format enough to put myself through the pain. I will trade the earlier games that start at 7.30pm as they are ideal, but the 12.00am start can do one. Obviously, key matches I will stay up for, but at the moment in the pool stages I couldn’t give a shit.

I just want to make mention of the people that have helped me on this journey. In the past I’ve been focusing a lot of energy on people that are negative towards what I’m doing, trying to change their perception, I couldn’t give a flying fuck any more. The people I want to focus on are the people that have helped and encouraged me. I could do the standard “you know who you are” thing, but instead, going to list a bunch of people and how they’ve helped:

  • Becca – Hasn’t been easy for her I know, but she always backs me, I love you for that.
  • Peter Clark – Supported me in a number of ways throughout the years and on this venture hes been no different.
  • Greg Millar – Backed me 110% when I started playing poker full-time, without his support wouldn’t be doing this now.
  • Tristan, Robbie & Dave – Great lads, great support, great sounding board when things are tough.
  • The parents, they never know exactly what I’m doing but they’re never worried, usually more intrigued than anything.
  • @muller234 – Top bloke, always supported me, there from the start, has similar goals and dreams, great for a laugh. Pretty smart for a Geordie too.
  • @back2layhorses – Again, there from the start, chasing his dream too, always checks in to see how things are going, top bloke. Who would have thought England had so many champion blokes living there?
  • @tradermatt106 – There isn’t too many more people that have put time into me in terms of trading cricket. If you’re not following this guy, you should be.
  • @Relaxer_ – Seriously sharp operator and has put in a bunch of time to me. Listening to my rants and calming me down, thanks for the help legend.
  • @aussieruled – Not trading on the level of Matt & Relaxer, but certainly the first guy to show me around the markets, also been a great voice of reason over the time.
  • @DownIsTheNewUp_ – Legend guy, pretty much keeps to himself, but been very influential for me, always very succinct.
  • @Trooa – Don’t let the class clown act fool you, this guy is sharp. Another real supporter and been a huge help in my journey, cheers JT.
  • @leantothewind – This guy is a champion too, making his way, similar dreams to mine and he is having a crack. Hoping to be able to nail this caper together.
  • @Lost_MyProphets – After an honest post of mine, this guy reached out to me and has poured in a bunch of time to help me, super guy, very appreciative.
  • @CaanBerryTrader – Not as accessible as some others, his content is very good and has been a source to turn to when things haven’t been right.
  • @Tennisratings – I don’t do a lot of tennis these days, but this guy is a out and out champion, always makes time for you and very supportive, thanks Dan.
  • @day25 – Steve is a good egg, always makes time for you and has been a supporter of my blog. His blog has always been a place to go bury my head when times are tough.
  • Bunch of boys from Twitter; Tom, RKM79, Jesse, Lenny, Dan Armo, Charchandrick Bets, Tommy, GreenForm, Oruas, AngryRay, John Millward, Lix, Fenners, Onlyfoolsgamble, Sim, Paul, few others I may have missed. Supporters and good for a laugh.
  • All readers from Facebook; All the comments of support when I post, does mean a lot and thanks a ton. Special mention to the crew in “Derolicked politics”.

All these people have helped back me and I really appreciate that. It doesn’t go unnoticed and its very humbling to have great support. I must not lose sight of the support, for every hater there is 50 supporters in my life 🙂

$1060, account balance +$7116.94

Cheers Luke

Betfair trading profit and loss graph.

Betfair trading individual trades
My plays and trades since my last post. A lot of red, but things are turning around for me, expect to see a big bounce back in the next few weeks.

 

 

 

 

Been playing a bit of poker.

I was asked last week to give some updates on how poker is going. I haven’t really updated that part of my life on the blog, as I haven’t been playing an awful lot. I’ve been devoting a lot of time on the ladders, really immersing myself in that space. But I always play the occasional session here and there, even when it’s not a huge focus for me.

I’ve attached the last 9 months graph of my profit/loss, last couple of months also, as you will be able to see I have not played much at all. I actually ended up learning to trade because of the flat spot you will see in the 9 month graph. I hit a break even stretch which lasted almost 5 months and I really needed some time off from the game. It absolutely shit me to tears, literally, but if it wasn’t for that period, I’d have not discovered sports trading as soon as I did.

As I get back into poker more consistently, I’ll be sure to update the progression on here.

Cheers Luke

live poker graph
This is the last 9 months of time at the felt, based on full time hours (38 hours).
two months poker breakdown
This is the last 9 months of time at the felt, based on full time hours (38 hours).
two month graph live poker
This is the last 9 months of time at the felt, based on full time hours (38 hours).

Bit of time off is needed! Poker time!

I’ve decided to take a step back, some time off is what I need right now. I’ve been at this like a bull at a gate for the last 2 months and it’s taken me to breaking point and back again. I’m like that though, very impatient and impulsive at times. I want everything to happen yesterday, especially when I know I’m on to something good. Right now though, the best thing for me and my trading adventure is to take a step back and focus on some other things in my life.

I ain’t quitting, it nearly broke me (mentally not financially), but all things that have been great in my life have done the same. I just want to step back from it all, look it a little more objectively and start to build a plan on how I’m going to attack it when I do come back into it. I like to have a plan, goals, structure, just randomly clicking buttons without tracking my success is shit to me.

I’m talking weeks, not months, I’ll be back on deck within the week or so, just a week off or so, find some clarity and go again. In that time I will also be reading a book by Daniel Weston http://www.harriman-house.com/book/view/731/lifestyle/daniel-weston/mastering-tennis-trading/ so I will let you all know how that goes. I follow Dan on Twiiter (@tennisratings), seems a very knowledgable lad in the space, so we’ll see what it uncovers.

Also been talking with, @MrUnknownTrader, again, smart guy with some good insight and suggestions for me moving forward. It’s hard you know, this trading stuff is a very secretive world. Don’t get me wrong, I understand why, people are shitting themselves that if their edges/ angles are revealed then they won’t be as profitable, fine, understood. What pisses me off though is how you can then sell books and video’s? Take poker, because I have experience in it, there is also many similarities. In poker, there is tons of books and videos, most are fucking shit, it takes little time to find the ones with substance. Fuck, I’ve had the best players in the world tell me what to read to start beating the game. So not only did the author publish a book that tells you how to beat it, but players that have built their edge in the game from that book also tell you to read it. Why aren’t they all secretive and buying copies of the book and burning them so no one can read it?

Most people are stupid, it’s true, if you have ever worked with people you will know this. Just because a book or video is out there that tells people how to do something, that doesn’t mean they can then apply it. People have written books on how to beat blackjack through basic card counting principles, are casino’s going broke from people playing perfect strategy and card counting? No, they aren’t. From what I have seen, the industry of Betfair Trading is mostly filled with content that politely, I could say is, well, I won’t say, I don’t want to be rude. But it starts with fucking and it ends with shit. The cost of some of these courses and things too, give us a break would you? We were born at night, it wasn’t last night.

If anyone has any suggestions of content that is worth reading/ watching, I’m all ears, I’m also happy to be proven wrong. But at this stage, anything of worthy note has been very limited.

Cheers Luke

Featured

How’d I end up here?

Get fucked, another blog! I know, I know, brutal, I’ll keep the posts as streamlined as I can and hopefully entertaining. Was a horrible student of English so if my grammar is shitful, blame it on the fact my parents were too poor to send me to private schooling.

Early years; so the story goes, mum came home one day to find me sitting on my father’s knee, folded race paper in hand, yelling “Ya, ya, pssssst, get up you bastard.” That was the final straw for her, they split up when I was nearing three. Lame attitude mum, obviously didn’t understand how much better your horses run if you yell loud shit at the TV. Anyway, in my blood, sign of the future, possibly.

Young know it all; punted on every Melbourne Cup since I can remember. I was the kid at school that took the sweep stakes from the paper in and collected money. Dad was always solid each year, giving me $20 to spend on the race. Remember a nice little heater around the time Rogan Josh won the cup (1999), picked the winner four years in a row. High school, hello girls, all things sport and Texas Hold’em poker. Didn’t take me long and I soon had an edge in the game, eating the best food from tuck shop errrday.

Flown the nest; moved to the Gold Coast, Queensland, been here ever since. On the gambling front, this is where things started to get serious. 18th birthday was spent on the turps the night before, poker all day while still 17, 364 days old, more turps while playing and then walking into Jupiter’s casino at midnight. I remember playing anything and everything, until I don’t remember anything, BLACKOUT. Luckily, my mate had skull dragged me out of the place when I was up, well up. Now it’s not a lot to me, but it’s all relative. Back then for an 18 y.o. living cheque to cheque $3,000 was a big deal. Best part was, now I knew how easy it was to make money, if I’m ever short of cash, I’ll be going to the casino for a top up.

Growing up, a little; the plan with going to Jupiter’s when ever I was short didn’t work out well for me, needless to say. I never liked poker machines, they seemed stupid so I never did any great damage in those early years on the punt. Hold’em comes to the casino, this will be easy, just like at high school. That plan didn’t work out for me either, needless to say. I knew the game, I was actually quite good at it, I had no patience though, too young in the head.

Recent times; I sold my equity in a great little company, with a business partner I have a ton of respect for, 40/40 Creative. Hardest thing I’ve done to date in my professional career. Bottom line, it wasn’t for me. I wanted to pursue a dream of playing poker, so I did and I am. Along with that I’m learning to trade on Betfair and betting on sports where I have an edge. I’ll basically bet on anything if I think I have an edge, simple as that. Living the dream, but it ain’t all rainbows and lollipops, let me tell you.

This blog is going to be full of all sorts, ranging from average shit to good shit, so pick and choose what you like, leave me some feedback or questions, if they are good, I’ll answer them.

Cheers Luke