Week #36

Here's my now fashionably late end of week update in which I announce things as if they've only just happened when in fact they are distant memories from several days ago. Sometimes I just feel like kicking myself in the head (not that I'm flexible enough) because I feel I work so hard to get things back on track and moving in the right direction and then one little moment of ill-discipline can wreck a full week's, month's, year's work. I sometimes find myself putting down bets or trades where the logical part of my brain is shouting, 'what the hell are you doing, you shouldn't be doing this' then there's another side of my brain which I like to call the dark side (nothing to do with Star Wars) which is saying 'This is a genius idea, look at the money you could win here'. Think somewhere along the line I've got to try and control this internal battle, the betting world is unforgiving as it is without me fighting with myself all the time. As you may have gathered already this week didn't end to well with me knocking up a loss of £215.90. I also had a bad day on Monday as well which will probably mean next (this) week will be a loss also.

I'm very close to just withdrawing all my money (well what's left remaining) from my various accounts and just starting from scratch with just my Betfair account with a very small amount. I've already started a challenge under a similar ethos called How Far Can A Tenner Stretch? I'm hoping this will help me focus my mind and stop me from being so ill-disciplined. I continue to read various trading and betting books especially those versed in the psychological aspect of trading. Problem is not in what I know, think I've read a lot about the subject it's just about trying to put the methods and ideas mentioned in the books into practice. At the moment I'm a poor outright bettor and a shocking trader. I've become increasingly interested in the trading aspect of betting but for the life of me I can't seem to do it. Maybe more study in finding an "edge" is probably needed but even if I did have a significant edge I feel my lack of discipline would end up screwing it up anyway. General feeling is one of my frustration.

One good thing to come from this week was the amount of sports action to watch, last weekend there was very little sports on TV. Week just gone we had the usual football, cricket (India still not won a game) as well the tennis and not forgetting Formula One. Oh yeah and the Rugby World Cup as well, so it was definitely enjoyably week from a sports fans point of view.