Welcome - My journey to become a Consistent Trader
Thanks for reading my first post. Just to introduce myself: In 2006 I graduated from University with a degree in Computer Science and found a job at a large corporation. Pretty soon I realised that this was not my scene. Whilst I enjoyed some parts of the job, I really despised the corporate culture - climbing the ladder, dealing with office politics etc. I could go on and on. So I started thinking about my future and came to the realisation that I wanted to work for myself or start a technology company. The problem - I had no decent or even semi-decent ideas.
In the meanwhile, I would really enjoy watching sports and having an odd bet from time to time. In January 2015, I stumbled upon Betfair cricket markets and was stunned by the amount of money exchanged over a game of cricket. After doing some research I found that there were quite a few ‘Cricket Traders’ who made a comfortable living doing this. I really love cricket and betting - I wanted a piece of the action.
I convinced myself that this would be quite easy. After all, I had grown up playing cricket and I watched a lot of it on TV. But how wrong was I? In the following 12 months, I found that if I backed the batting team a wicket would fall, if I sensed a wicket I was too scared to back the bowling team; I would chase losing positions so as to avoid ending the day with a loss. The market was contrived to take my money!
Eventually I read ‘Trading in the Zone’ by Mark Douglas. The book resonated with me so much that I read it twice, then a third time and I took notes. I have tried to internalize Mark’s concepts and focus on his principles of having a probabilistic mind-set.
In April 2016, I quit my job to trade sports full time. I have given myself three years to crack this. This blog will document my journey from a novice trader to hopefully a consistent one.