Tuesday 16 December 2008

Well I've just completed my first week not very auspiciously with a loss of £48.69.

The losses in general can be attributed to a couple of big mistakes on Basketball and a modest erosion on horses as I tried a few different scenarios. At this stage I would describe this as a work in progress and therefore not to concerned with the level of loss.

I think the most important thing I've learned is to try and stick to the golden rule of sticking with the profits and bailing out of the losses. Biggest fault I have identified is my propensity to take a small profit whilst sticking with a loss hoping it will get better and ending up maximising the losses and failing to capitalise on gains.