Sunday, 20 December 2009

Patience is a Virtue

I am running this challenge with a starting bank as small as £100. This will mean that in the first few months the profits will be small but relative to the stake. As the betting bank grows so will the win / loss figures. When attempting a challenge such as this or for that matter any form of trading you should always remind yourself of the bigger picture and your long term P&Ls.

In order to hit the £35,000 target I will aim to double the betting bank on a monthly basis. This is fairly important and will put us slightly ahead of ourselves. There will be times in the year where I will be unable to trade or where the markets themselves are not suitable. Also there is very little tennis played throughout the month of December and so realistically the challenge will end the first week of Dec 2010.

Either way patience is the key and you must learn this if you want to become a successful trader.

14 Days to Go!!!