One of the main reasons I never got round to updating is the simple fact I don't have much to say anymore, or least not stuff that I've mentioned several times in my blog before. Maybe I was foolish thinking gambling was easy way to make money. My logic says I believe that it is very difficult to make money gambling but deep down maybe I've always, maybe still do believe that there is a way to come out a winner.
I now operate no horse racing systems and I'm not tied to any sort of betting on daily basis. I still tried and failed throughout much of March to try and trade once again. I re-read a book or two on the subject and thought maybe this time I could make it work. But my same old mistakes reared it's head. I've read all about the psychology and the sort of mindset needed to trade successfully. Although understanding what is needed and actually implementing it is two different things completely. I still remain bouncing back and forth between idea, one day I want to try my hardest at poker (that's took a bit of a dip recently) and the next I want to be a trader once again.
I've always been an indecisive sort of person and my mind is all over the place at present. I've taken a few steps back from gambling of late and now spend a lot less time thinking on gambling activities. On a personal note my whole life is just one big frustration at present I can't find a job anywhere, struggle to even get interviews. Tough economic times I know, but I think I'm a bright enough individual to do a very good job at anything I put my mind too. (well if you don't count gambling that is). I should probably feel guilty for spending what is effectively tax-payers money on my silly gambling dreams, but then again I spend very little money elsewhere and I'm sure other people waste money just as badly as I have.
I was contemplating this being my last post on this blog. It would be nice to see a blog finish with a definite ending. Too many blogs I've read just end abruptly and you never know what has happened to the blog poster. Probably just made a mega-mistake and doesn't want to face the punishment of reciting this in words. I'm somewhat the opposite I find typing my thoughts into words is cleansing and makes me feel better for some reason. For that alone I think I would find it difficult to stop this blog today. Although I do fear the time to let go of my gambling fantasies is quickly approaching. But it's been so ingrained in me for the four years now that it even when I've recently took a full week away it felt somewhat weird not to be thinking or hatching plans about my gambling pursuits.
One quick final note on the Grand National, I always hate how the animal activist always rear their heads every time the Grand National comes around. The truth of the matter is horse racing is sport where animals are bred specifically for racing, yes it's true all national hunt racing carry an added element of danger and horses will sadly get hurt and die. But isn't it the added amount of danger that makes The Grand National what it is. Modern day society seems to want to take the danger out of everything. Anyway it was a fantastic finish (one of the best I've ever seen), chuffed for Neptune Collognes always been a big fan of the horse and probably would have won a Gold Cup sometime but not the dominance of Kauto Star and Denman.
Pipped at the post
Denman,
ReplyDeleteNice to hear from you. Do not give up...all is not lost. In my opinion I think you need to take the approach of Mark at Patient Speculation and formulate a plan that calls for one or two planned wagers on a daily basis and look to show a flat bet profit >while you work this procedure you will be gaining control of yourself, your betting and your confidence will begin to grow.
Give this a thought and i wish you the best of luck!
Jake
Thanks for your comments, I still operate simple football bets (usually a handful a week) that have been showing profit since the new year. Although I'm purposely selective with those and just pick up on what I see as clear value. Going back to basics is probably a good idea and I'm certainty no longer putting myself in a position to lose several hundred pounds a month no more.
ReplyDeleteHi Denman
ReplyDeleteSorry to hear of your struggles. I wouldn't give up on your gambling career altogether, but maybe just put it on the back-burner for a bit.
You don't really seem to have the skill-set and mentality for trading yet, but maybe that will come in time. Trading seems very difficult to me, I just don't think I have the mindset for it so it's not an area I have even tried to get into. I operate a strict systematic approach.
If I may ask, why have you dumped the horse racing systems? Your hurdling system seemed decent and didn't seem like it had gone off the rails badly enough to ditch. Also, in the Massey days you had an interesting looking sprint system. How about using one of the other system building tools and try to reinvent that?
I guess I'm just curious as to why you've become disillusioned with the systematic approach in favour of trading (which in my opinion is 5 times more difficult.)
Great blog, by the way. I may not have commented much, but I've read most of the posts and learned something from both your successes and your mistakes.
Craig
Your blog is full of interesting content nice one ! keep it sharing ! do you also play
ReplyDeleteonline gaming on internet ?
Hi Denman
ReplyDeleteSorry for the late comment, I only just noticed this post. I for one will miss your insightful and heartfelt posts. You say it as it is mate.
I can only echo what Jake has written. From what I have seen you have a talent for picking winners in the horse racing markets, notice I say picking winners not making a profit, I think that if you limit yourself to a niche that you feel comfortable in, let’s say national hunt in play backing and then make a promise to yourself that you will only make one bet/trade (call it what you want) a day at the most. Also promise yourself that you will only back to predetermined level stakes ( err on the small side) perhaps post your plans and progress on the blog.
Do that for at least two months and one thing I can guarantee you is that you won't lose much if you keep your discipline and I think that you will make a profit.
Take it one day at a time and make your focus sticking to your promises to yourself.
If you can't do those then yes, I say give it up or take an extended 'holiday'.
With regards the job hunting, I can only say what I see and that is that your blog shows you to be and intelligent and articulate person, so as long as you keep trying you will get what your after mate.
I hope the above helps
Mark
Sorry for leaving comments left unanswered for so long.
ReplyDeleteFirstly backfitboy maybe I was a little quick in scrapping the hurdle system. But I felt with the loss of Adrian's fantastic ratings it made systematic methods a lot more difficult. Another system which I kept to myself worked of a similar principle to that one and had been working well for a couple of years. But that tailed off wildly at the start of the year and the cross-over between that system and my hurdle system made my mind up in stopping them. Losses elsewhere also meant I was increasingly low on funds and at that stage I thought it was best to re-group and stop my current systems. I can't really tell you why I've moved from the systematic approach to trading, part of the problem which I've mentioned before is that I can't seem to focus my efforts in one particularly area.
Secondly thanks for you kind words Ronnel, I don't play online game because the house always has the edge in those games and I wouldn't recommended anybody else doing it really. I do however play a little bit of Poker, I guess that can be classed as a casino game.
Thirdly thanks Mark for your words and all your suggestions. I am going to post an update on my future plans sometime soon (I promise).
Please keep posting these
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