Deal Or No Deal?

Does anyone else get hacked off hearing the Deal Or No Deal theme tune being played on a continuous loop whenever you load up the in-play coupon for the day when logged in to Betfair?

You can if you want, block that nonsense from appearing in your browser by adding the following line to your 'hosts' file:

127.0.0.1 content.betfair.com

You may need to restart your browser and/or reload the page as well as clear the cache.

Note, that this blocks everything from content.betfair.com which is where the arcade stuff comes from. Instead, your browser may display something like 'Web page not found' in the section of your browser where this content appears. If this is an issue, or you like to get involved in the arcade games etc, then this fix will be a no deal for you. Instead, turn your volume down :)

For me, it's a deal. Job done!

Fairbot Trial

Well, that's the end of my trial period on the latest version of Fairbot on Linux. I have to say it went very well. It didn't help my horse trading, but then that wasn't the point of the exercise. Indeed, I only revisited the pre-race horse markets so that I could give the software a good workout. My trading is migrating away from the horse markets for which I have failed to develop any consistency. For what I intend to do now, Fairbot will suit very well indeed.

It has all the standard tools one would expect from a trading application, i.e. tick offset, stop losses etc, and I will be making great use of its excellent Dutching facility.

You Couldn't Make It Up

Earlier in the year I posted my intention to give up self-employment and look for a proper job. With the state of the economy, finding suitable employment has been very difficult. The latest body blow has been delivered by a recruitment agency.

Despite having a BSc in Electrical and Electronic Engineering as well as a Postgraduate Diploma in Software Engineering; despite being a Microsoft Certified Systems Engineer, a Microsoft Certified Professional in the Internet and a Microsoft Certified Product Specialist in Excel; despite my excellent communication skills having presented numerous technical seminars all over Europe and trained hundreds of people in a variety of software applications; despite excellent troubleshooting and business process analysis skills; despite that and much more, the recruitment agency more or less told me I'm unemployable!!!!

Thoughts On Value

I spent an excellent weekend at the BTCC meeting held at my local circuit, Knockhill. In the quiet spells between races, my mind drifted towards thoughts of value in football matches. In particular, defining value in-play. When do the odds become value, if ever, if they weren't value pre-KO? I found myself thinking of Schrödinger's cat - the thought experiment in the field of quantum mechanics.

I don't claim to be an expert. Far from it, but essentially it involves a cat being placed inside a black box that contains a device that at any moment can kill the cat. At any given point in time, how do we know whether the cat is alive or dead? We don't - not until the box is opened. The theory suggests that it is the act of observation, i.e. looking inside the box, that determines the status of the cat. Also, the theory implies that, as I understand it, as long as the box is closed and no observation has taken place, the cat can be said to be alive and dead at the same time - which leads on to the multi universe hypothesis. But that's a discussion for another day.

Another Fairbot Trial

Some time ago I investigated running Fairbot on my Linux box using the Windows compatible API provided by Wine ('Wine is not an emulator'). The installation on Linux procedure for Fairbot, and it's Betdaq sister application, Daqbot, is one of the more popular posts on the blog.

Despite that trial installation, I never actually used it in anger, though I did use Daqbot a fair bit earlier in the year. With my new strategies and moving away from pre-race horse trading, I found Daqbot provided me with the facilities I needed. Unfortunately, Betdaq didn't, due to its lack of liquidity. Hence my renewed look at Fairbot.

Laugh? I Nearly Passed My Fags Round!

I so hope this is true. The tears have been streaming down my cheeks since Herman posted the link in the chat room. Enjoy!

Scottish Football In Decline

With no further Scottish involvement in the European competitions this year, many are wondering what has happened to the beautiful game north of the border - as if this is a sudden development. I'm very sorry to say, Scottish football has been in decline for years.

Perhaps it is the Ally McLeod effect, but Scots always seem to think we should be mixing it with the big boys. Why? Other than the odd aberration, it's been a long long time since we even came close to doing that consistently.

The standard of football in Scotland is appalling. The skill levels of those playing in my homeland are woeful. The style of football is dire - route one works if you can pass accurately over the distance and have the skills to control the ball when it arrives, neither of which is in the skill set possessed by most players plying their 'trade' in Scotland.

More Of These Please

As mentioned in the chat room earlier today, Raktiman, a cracking long shot in the 18:40 at Wolverhampton, comes in at 46.0 BSP.


The lay system I have mentioned on here in the past also makes picks to back/dutch and today's winner is just one of many. Indeed, over the past 28 months worth of historical data, the system, although originally designed to pick lays, has produced a significantly better return for its back picks than its lays.

Long may it continue.

Practice, Practice, Practice

My horse lay/back system didn't flag up anything of interest yesterday, so I took the opportunity to exercise my sudden, new found enthusiasm for learning to trade football. I spent Sunday wading through a total of 13 football matches. Strangely enough, I was employing an idea of my own, rather than the strategies I mentioned in my previous post and available at Betting System Notes - I'm still reading through them all.

I was only paper trading this idea, watching the markets and getting a feel for how the odds move and whether or not the strategy is viable. The strategy looks to be in and out before half time, with the second half available for damage limitation if things go wrong.

Another Cunning Plan

Though perhaps not as cunning as "a fox that used to be Professor of Cunning at Oxford University but has moved on and is now working for the U.N. at the High Commission of International Cunning Planning".

You will no doubt have noticed the addition of a new graphic in the sidebar for Betting System Notes. This is a new service from Darren Hall of bet72.com with two particular things of interest to me:

Time For Another Moan

On my soapbox again, so you've been warned!

Last year, at great expense, I had an architect draw up plans for alterations to my house - I'm combining the diningroom and the kitchen into one big room, before gutting the kitchen units and putting new ones in. We organised four different builders to give me quotes. Only one of them bothered to come out and see the job, the rest quoted based on the architect's drawings. All of them quoted ridiculously high figures, which I wasn't prepared to pay, particularly since much of the work was unskilled manual labour. I got the impression they didn't particularly want the work but thought they'd chance their arm in case I was gullible enough to accept their quote.

Beginning Of The End?

For some time now, I've maintained a minimum of £2K in my Betfair account. I'm been trying to build that up so that I could trade multiple events simultaneously with decent stake sizes.

Having got myself to just under £3K at the turn of the year, I promptly threw away over £800 over a series of mad trades in the cricket and in-running horse markets. Losses that I've struggled to recover from over the subsequent six months. The bank has continued to slowly edge downwards, and recently dropped below the £2K mark.

With this continuing decline, I've decided to change plans and remove £1000 from the account.

Course Specialists for 2011-07-31

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

16:05 Chest - Glenridding

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-30

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

17:35 Good - Truism
19:10 Ham - Mandarin Spirit

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-29

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

20:15 Muss - Nufoudh

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-27

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

20:20 Leic - Mata Hari Blue

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-26

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

15:55 Bev - Select Committee
16:50 Good - Truism
18:05 Bev - Rowan Lodge
18:05 Bev - Kheskianto

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-24

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

17:30 Ponte - Mr Wolf

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-23

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

14:15 Newm - Classic Punch
14:30 York - Dazzling Light

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-19

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

20:30 Sthl - Bookiesindex Boy
20:30 Sthl - Spic n Span
20:30 Sthl - Eastern Hills

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-18

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

21:00 Bev - Select Committee

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-14

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

16:50 Ham - Mandarin Spirit
18:50 Bath - Kyllachy Storm

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-13

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

15:20 Catt - Eijaaz

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-12

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

15:00 Bev - Shadowtime
16:10 Brig - Inquisitress
16:40 Brig - Fire King
17:00 Bev - Kheskianto
20:40 Sthl - Eastern Hills

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-11

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

21:20 Wolv - Pie Poudre

Follow my course specialists thread at SoccerLotto.

New Chat Room Software

Just a quick announcement to introduce the new chat room software. The old one had started to play up. Cut/copy/paste had stopped working for many users and it kept crashing the flash plugin on the Chromium browser - despite it being Java based! It's replacement has been operational for nearly a week and it seems a lot more stable. Like the last one, you do not need to download any separate software other than standard Flash browser plugins.

It has some nice features over the previous one which was getting a little long in the tooth:

1. If opening the room via the popup button, it is no longer necessary to keep the chat room page on the blog open.
2. You can use the popup URL to create an 'application' in Chromium/Chrome browser which saves having to go into the blog chat room page at all.
3. URLs for images can be pasted into the chat room and a thumbnail of the image will appear with it. Clicking on it lets you see a larger image.
4. Much longer messages can be typed than the previous chat room.
5. You can use your Facebook or Twitter account to log in to the chat room, as well as logging in as a guest or a Chatroll account (the chat room services are provided by Chatroll)

Course Specialists for 2011-07-08

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

15:10 York - Dazzling Light

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-06

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

15:20 Catt - Danceintothelight
18:20 Kemp - Foxtrot Alpha
19:50 Kemp - Kavaloti
20:20 Kemp - Beat Route

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-05

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

20:40 Sthl - Steel City Boy
20:40 Sthl - Clear Ice
20:40 Sthl - Takajan

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-07-04

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

16:30 Brig - Inquisitress
16:30 Brig - Fire King

Follow my course specialists thread at SoccerLotto.

Having Fun With The Conmen, Scammers and Cold Call Tossers

Nothing to do with trading, but worth flagging up in case readers haven't heard of this particular wheeze.

Last night I received a phone call from someone with a broad Indian accent, claiming to be from Microsoft support. She was trying to tell me that all the computers in my village had been targeted by a new virus. Just from that statement alone, there's things you should be aware of:

1. Microsoft support will never cold call you, so you know immediately that this call is bogus.
2. The idea that a virus would select to target all the computers in a town is laughable.

Given that I use Linux and don't go near Microsoft with a bargepole, her claims made me smile, even more so when she kept insisting that I was indeed using Windows :)

If you get a call like this, please hang up. More importantly, please tell those that are less computer savvy, that this is a scam.

However, me being me, I like to try and keep these cold call tossers on the phone as long as I can, if for no other reason than to run up their phone bill. The one last night was poor in that she was clearly reading from a check sheet, and if I asked her something she didn't understand simply repeated what she'd already said. I had hope she would direct me to imaginary Windows commands on my Linux box. Unfortunately, after repeating her opening gambit for a third time, she hung up.

My record for keeping someone on the line was 35 mins, when a salesman from an advertising firm tried to sell me business advertising and refused to believe that I neither wanted it or believed it would work for me. In the end he resorted to insults and eventually hung up.

He probably thought that was the end of it, but the next day I sent an email to their complaints department and later that day, I received a phone call from his boss apologising for his worker's behaviour. Better still, he put the tosser on the phone and made him apologise to me himself. LOL!

So, by all means have fun with these goons if you feel up to it, but on a serious note, please make sure your family and friends are aware of these calls so that they do not get scared into doing something they'll regret.

Course Specialists for 2011-07-01

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

21:00 Bev - General Tufto

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-06-30

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

16:00 Hayd - Ezdeyaad

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-06-29

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

17:30 Catt - Eijaaz

Follow my course specialists thread at SoccerLotto.

Tennis Hedging Strategy - So Much For That Idea!

I placed my opening positions and hedges on the women's quarter finals this morning prior to going to work. I've just logged on to find that the first two matches failed to hedge, costing me £21 each and the third was quickly heading that way so I've bombed out of that and scatched the bets in the forth match.

I don't think I'll bother with the men's quarters tomorrow. :(

Course Specialists for 2011-06-28

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

16:00 Brig - Penang Cinta
19:30 Sthl - Bookiesindex Boy
19:30 Sthl - Spic n Span
20:30 Sthl - Bold Diva
21:00 Sthl - Eastern Hills

Follow my course specialists thread at SoccerLotto.

Tennis Hedging Strategy - Wimbledon 2011

I've been meaning to give my Tennis Hedging Strategy another bash for a long time, but always seemed too busy to try it.

For this championship, I've waited until the last sixteen to make things altogether more manageable. As the original article describes, this method relies on the natural volatility found in the tennis in-play markets. Simply open your position before the start of the matches and place a closing hedge using Betfair's 'keep' facility and walk away.

On this occasion, I'm risking a liability of £10 on each of the men's fourth round matches with the hedge designed to give me an all green profit of 20% after commission. All profit will be carried forward on to the next round until we reach the final at which point I may remove my original stake.

I haven't decided if I'm going to do the same with the women's forth round.

Course Specialists for 2011-06-27

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

15:30 Wolv - Grudge
17:30 Wolv - Pie Poudre
19:25 Muss - Wicked Wilma
20:40 Wind - Choral Festival

Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-06-25

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

16:30:00 - Classic Punch


Follow my course specialists thread at SoccerLotto.

Course Specialists for 2011-06-24

Here's the course specialists for today. These are expected to run well and may be used for in-play trading. However, I am looking for them to win. Where there are more than one selection in a race, I'd consider dutching them.

20:40:00 - Lord Theo

Follow my course specialists thread at SoccerLotto.

Goodbye Forum

I said goodbye to the forum this evening as it hasn't been used in the past six months and, if I was honest, didn't really take off the way that I had hoped. It's not that surprising as there are so many betting/trading forums out there it was difficult to offer anything new or different to what's already available, making it much harder to attract users.

This, coupled with my lack of time to spend on it, both using and promotion, meant that it just didn't get going. Nothing ventured, nothing gained as they say, but time to tidy up the blog and get rid of it.

Course Specialists - Coming Soon

I've been running a thread over at SoccerLotto which monitors runners that tend to run well at today's courses. I'm looking for these to win, though they can be used for in-running trading. So far, since the beginning of April, it's sitting at a little over 70 pts profit.

I'm not always around when my server makes these selections and consequently I cannot post them until after the event. I've decided to make these selections available to the wider public as a trial and I've configured my server to automatically publish them to this blog. My server does its thing at 10am, so if there isn't anything here by 10:30, then there's no selections for the day. Alternatively, it might mean that I've configured something incorrectly, in which case, head over to SoccerLotto.

I'm not guaranteeing that these selections will be available indefinitely and I may halt this at any time. I'll just see how it goes.

Expect to see something happening from 23rd June - assuming my server finds any picks that day.

More Than One Way To Skin A Cat

Ever since I started this lark after a failed gambling career I've always been amused by the notion that trading is not gambling. Absolute nonsense in my opinion, but it seems that some traders (good and bad, experienced and newbie) are convinced otherwise. Questioned on their gambling habits sparks an almost zealous denial and objections to the accusation. Trawl through the plethora of forums and blogs and you'll get the jist of what I mean.

Mind you, some gamblers (or non-traders if you will) can be equally vociferous in there position, especially when it comes to the subject of trading. Simply nip over to the Betfair forums for a taste of some of the hatred directed towards the 'parasitic' traders.

Me? I don't put myself in any camp as such. I'm a gambler, pure and simple but I employ ALL the techniques I can to make a profit. I leave positions open if I am confident of a successful outcome. I hedge out to secure a profit (or a loss) if I'm not. I don't make any fundamental distinction between the two. At the end of the day, I'm trying to make money on Betfair - as I presume we all are. Whether I trade out pre-event, take something in-play or let it run to its conclusion is all based on my assessment of the market, and it's potential outcome as well as stats, form and a host of other things. There's more than one way to skin a cat.

It's all gambling, irrespective of the methodology or any fancy name we want to hide it behind. Those who think otherwise are deluding themselves in my opinion.

When I was a 'conventional' gambler, I was a neither a loser or a winner. Over the long term I was more or less even (probably slightly less than more). This was more to do with very bad money management than poor selections. This changed when I tried 'trading' with a starting bank of £10. The discipline instilled by that process has now fed back into more 'traditional' methods.

I now find myself spending more time developing systems - something I really enjoyed in my past life. Indeed, I got more enjoyment from the number crunching than the actual betting. In particular, I'm attracted by the idea of automated systems so that, assuming they are profitable long term, can be left to get on with it while I do other things. I now have the long term goal of developing a portfolio of systems that can be, ultimately, automated. This is taking me longer than I'd like, simply because I'm not the World's greatest programmer.

I'm currently working on two systems - a lay system which I've mentioned on here before as well as a dutching system which is showing great promise, as you can see from the graph below.

I'm not going to go into any great detail regarding these systems. I merely present their graphs here to illustrate my point regarding a cat's skin.

The Lay System - This graph is based on a standard lay stake size of £100. The lay system has been on the go since 25th May 2010. I spent the first six months or so paper testing it before committing real cash. At the moment, I'm using £20 stakes. The ultimate aim is to build my bank up so that it can support stakes of at least £50, though ideally, £100 would be jolly nice - particulary if it continues to perform in the same way as it has done this past year.

The Dutch System - The performance of the dutching system has been so dramatic that I've recently committed real money to it. The graph represents some 35 days worth of dutching covering nearly 300 bets. To go from £0 to nearly £1000 using £10 stakes in such a short space of time is dramatic to say the least. If the performance follows the steady trend illustrated here then I'll be a very happy chappy. More so as scaling things up is a clear option and easily achievable in the Betfair markets.

I have a number of other system ideas waiting in the wings to be investigated including, but not limited to:
1. Hedging course specialists in-running.
2. In-running trading based on what I've seen in the dutching system currently under way.
3. Revisiting the tennis hedging strategy.
4. Dutching/hedging golf markets.

The list goes on and on.

Trading wise, I'm no longer getting involved in the pre-race horse markets. It just never clicked with me. I'm very much of the opinion that one should stick to what works. The lay system, dutching system and the football lay system I briefly mentioned in another post continue to slowly build the bank up as I look into other systems and opportunities as well as explore other markets to trade.

Building up a collection of systems or methodologies is the way for me to go. As long as they are all profitable long term, losing runs in one system will hopefully be covered by winning streaks in the others.

Anyway, there you have it. Trading is gambling, no question. Whether I make money 'trading' or 'punting' is of no concern to me. As long as it is profitable. We should all learn to use whatever tools and methodologies we can to get the skin off the cat.

Please Donate

My friend, Lindsay Smith, is about to embark on a Land's End to John O'Groats cycle trip in order to raise money for charity (Action Medical Research). Why he is doing it in this direction I have no idea. Any sensible cyclist knows that going from John O'Groats to Land's End is much easier as it is all down hill.

Anyhoo, I thought I'd do my bit and post a link to his sponsorship page at www.action.org.uk where you can find out all about the trip and where you'll be able to donate.

Please, even though you have no idea who he is, if you can spare a couple of quid it will go to a very good cause. Tell him I sent you.

Thanks

Better Than A Poke In The Eye With A Sharp Stick

A while back, I started looking at a selection method for identifying home football teams that were of poor value. I posted these on the forum, but stopped doing so due to lack of interest. I did carry on making the selections for my own benefit and now, after a years worth of picks, I present the results here simply for the sake of completeness.

Based on data and analysis found at SoccerLotto, the picks covered teams in the English Premier League all the way down to the Blue Square North/South, the four Scottish leagues, as well as the main leagues in Europe/Scandinavia with a little Champions League thrown in for good measure. I won't go into the selection process. For that, I suggest you join SoccerLotto where you can get a free trial for a few weeks.

iPad Trading Software

Trading home and away? There's a new iPad app available for those gadget freaks out there.

Newly added to the Betfair certified applications list, BetTornado from JuiceStorm (remember them?) is a very interesting looking Betfair trading/betting application that iPad users may want to investigate, if for no other reason than it's FREE.

Any new trading software is always worth mentioning. It's not my cup of tea (my aversion to all things Microsoft extends to all things Apple), but I'm sure there are some of you that will lap it up. Now, if they were to do an Android version....

Happy Anniversary!

On the 23rd Feb 2008 I stuck £10 in my Betfair account and set off on my trading journey. Three years on, I find it drawing to a close, at least in its current form.

Over half my profit over those three years was achieved in the first year. Since then it has been downhill to the point where, now, I'm just treading water. That's not to say I haven't been successful. I've bought a brand new car and paid off what was left of my mortgage thanks to trading. It was never meant to be a full time occupation though. Right from the start, it was meant to be a hobby; something to bring in a few extra pounds each month. It actually performed much better than expected, but as time has progressed, I have found myself putting in full time hours.

So Much For That Idea

Having spent a month using EVO training mode developing an in-running strategy for horse racing, I find myself falling for the biggest drawback when going live.

No matter how much one is aware of the effect using real money has; no matter how many times one tells oneself to keep to the plan when using real money, the effect, albeit subconsciously, that using real money has on the decision making process means it can be virtually impossible to avoid doing things differently as a result.

This week, I went 'live' having spent a month using training mode and building up a near £2K paper profit.

Belated Happy New Year

There are many reasons why I loath the festive period, not least of which is my propensity for feeling poorly. This year was no different as a week before Xmas I managed to give myself food poisoning and spent the following two and a half weeks either shouting down the big white telephone or sitting on it. As you can imagine, the last thing on my mind was keeping the blog updated, so, let me wish you all...

A Happy New Year and a Very Prosperous 2011.