My Supermassive End of Year Review

Well 2010 draws to a close (well in around 22 hours time or so), I shall be busy on New Years Eve so thought I best post up my end of year results now. Firstly I'll close with December's P/L figure which ended up as a loss of £1,033.51, not ideal obviously but as I've alluded to in my previous posts it could have been a lot worse. That brought my P/L for the year to +£1,592.59. They do say profit shouldn't be frowned upon but I can't help but feel I could have done an awful lot better than that. I was over £4,500 up for the year at the end of July, but poor months in September and December has reduced that figure considerable. Below is the spreadsheet I keep with my records for each individual P/L with each bookmaker/exchange, no surprise to see the bookmakers I place most of my horse racing bets with having the larger profit figures.

P/L broken down by bookmaker

This monthly break down below is in my sidebar at present but I shall probably be changing it soon, so this sits as a good reference to my record this year.

January: +£364.44
Feburuary: -£160.34
March: -£185.26
April: +£717.67
May: +£1,249.70
June: +£633.64
July: +£2,093.55
August: -£402.67
September: -£4,319.16
October: +£43.06
November: +£2,626.10
December: -£1,033.51

Also below is a graph outlining these monthly figures, or rather the cumulative P/L figures at the end of each month during the course of the year. Possibly doesn't show much, just that it is exactly the opposite of what I'd be striving for, i.e. a nice steady profit each month would be desired. Whereas my P/L has been up and down and a bit all over the place.

Mountain range P/L graphs are not desirable

Like I said I'm a bit disappointed with my overall performance I was hoping for a much better year in terms of outright profit. But hopefully the experiences of this year, both in mistakes and success stand me in good stead for 2011 and my continuing gambling ventures. Bit of a cliche, to learn from your mistakes but I think it definitely rings true in my case. I keep slipping back into similar mistakes hopefully I can avoid that for the future. I was going to consider setting myself targets in respect to my trading on Betfair (which was lets be honest shocking this year) and also in terms of my overall P/L for each month and the overall year. But I feel that's the wrong thing to do for me, gambling doesn't work to set targets and you have good days and bad days but what I want to avoid is massive variances in P/L from month-by-month which is what happened this year. I firmly believe it is possible to make profit every single month of the year, it's understandable to have a few bad days maybe even a week but your providing you have sound methods, which I believe mine are, you should be able to turn a profit every single month. Therefore in the reasoning for not setting a target I've almost set a target in itself, thou shall try and make profit every single month. Seems a perfect good plan or motto to go with.

I think this year is going to be a major one in my life, it contains my last semester in University and I'm still not entirely sure what I want to do after I've finished yet. Uncertainty is sort of scary and exciting at the same time, sort of like gambling really I guess. But it would be quite apt if I started this year really brightly and could start to realise the dream of perhaps going full-time and thus ending uncertainty in my life via the means of the aforementioned gambling world which is riddled with uncertainty. I'm not target setting here, I'm just pushing some figures out as they say but I feel £10,000 profit for 2011 is well within my means, I would also argue that I could perhaps push more around the £15,000 - £17,500, maybe even £20,000 if everything goes swimmingly well. I know I may sound a bit deluded here, a guy who thinks he can make £20k in year after making just £1.5k this year? sounds like a plonker and will probably end up bankrupt and working in Tesco. The beauty is that nobody knows what the future beholds, I can honestly say I don't have a clue where I'll be a year from now. I hope, I dream I'll have had a joyous and highly profitable 2011. Hopes, dreams, optimism and positivity cost nothing, these help form a good mindset which is what is needed to achieve anything worthwhile in life. I'm focused and I'm determined, I don't want a normal run-of-the-mill job and having to answer to people. I want nothing more than to be a full-time gambler, to work in my own time at my own pace and be able to make a living betting on sports that I love. Maybe just maybe 2011 will be the year my dream starts to become reality (if not it will be at least some journey).

Have a great New Year everyone!