Saturday, 1 June 2013

May: The Results

May has been a game-changer. I haven't done anything drastically different to my usual trading but as I've mentioned recently, this past month I have finally reached a position where I can really step things up a notch and the screenshot at the bottom of the page bears the fruits of this. I'm not going to sit here all calm, collected, cool-headed and humble because that would belie what is actually going on inside - I'm ECSTATIC! Three years ago, I was more used to screenshots like this, so you'll have to excuse me if you don't want to see a self-congratulatory post because I am most definitely going to enjoy this moment! For all I know, it may be the last month I ever have like this! In all seriousness though, I will allow myself to spend a little of my winnings and bask in the glory of my best ever month by some considerable distance but as it's the middle of (what has so far been a brilliantly entertaining) Roland-Garros, I'll be continuing trading as hungry as ever and with feet planted firmly on the ground.

But I have made a couple of decisions. Firstly, I am returning to daily posts, just as I did when I started Centre Court Trading over 2 years ago, detailing my daily trading life. I'm hoping this will re-ignite my own interest in blogging, which has gone a bit stale this year. It should also show a nice contrast between where I was when I started and where I am now - provided it doesn't affect my trading like it did back then! I'll see how it goes but expect to see a few more posts cropping up in the next few days.

The second and most important decision I've made, is to return to professional trading again (though this time, with me actually trading in a professional manner!). To all intents and purposes, I am now living off my trading profit anyway, so it's hardly a big change. It's more of a mental adjustment really; going from trading being one of my sources of income, to the main source and one that I am heavily reliant upon. I feel that I'm ready to do this now and the experience I had from the last time (which was almost exclusively bad) should ensure that I am well equipped to deal with things better. It will be interesting to see how it does affect my mindset and my trading. Right, back to the ladders but before I go, here are the links to my French Open preview and interview on Betting Expert, which you may not have seen yet:

French Open Preview

Betting Expert Interview

Elina Svitolina:



25 comments:

  1. Brilliant stuff! this is my fave blog so looking forward to your daily posts aswell m8!

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    1. Cheers Sledge, much appreciated :)

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  2. I wouldn't spend anything of it. Perfect time to build bankroll and give yourself a good opportunity to aim for double that amount in a month. Build comfort instead of buying stuff you probably dont need.

    Just my 2 cents. You can ofcourse do whatever you please =)

    /Sammy

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    1. Well I don't really have a choice about using it all to compound with, as it's my main source of income! I also have not splashed out on anything for a long, long time and realise the importance every now and then of rewarding yourself and most importantly, enjoying life. I spend 6-7 days a week trading, so I am gonna take a few days off and splash out on a holiday probably - and I definitely need one!

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  3. Yeah baby! You are riiiich! Lend me a tenner! :)

    Are you still using the same £100 stakes?

    Looking forward to daily posts again (have missed them!).

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    1. Cheers Jack, tenner in the post, just hope the postman doesn't steal it! I've moved on from £100 stakes a while ago, I go up to £500 now but it's not the same amount every time, average is lower. Hope I can stay interested in the daily posts for long enough!

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  4. I noticed you've managed to cover a lot of matches in a day, so are you trading until green and moving on to next match, or being super human and all at the same time?!

    With my tried and tested method I can trade two matches at a time (3 at a push), but testing new method this GS, so only one match at a time and therefore averaging just two GS ATP matches a day!

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  5. I trade one match at a time, occasionally there's an overlap but not often.

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  6. Big increase in stakes then! What size bank are you using now then and how do you decide size of stake? I too use different stakes, normally dictated by liquidity.

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  7. Not gonna divulge bank size on here but stake size depends on what stage the match is at, the price, size of liability and how confident I am. Liquidity not really an issue.

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  8. Marvellous to see!

    There is nobody more deserving of success than you Sultan and it just goes to demonstrate the reward for persistence and refusal to be beaten.

    Historic blog

    BFG

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    1. Cheers Guru! Are you now known as The BFG? That was probably my favourite book as a child ;-)

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    2. Love it, and mine! Vaguely remember the film too ;-)
      Just a quick sign off is all and wanted to wish you well

      Good luck mate, not many turn that corner

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  9. Just trying to get an idea of the risk you are taking now, percentage wise to your bank, as your profits are almost doubling monthly and I recall you mentioned you have increase risk?

    Knowing bank size puts profits in to context and shows what is achievable. Failing that, ROI% is excellent for showing progress, and also allows everyone to relate.

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  10. Well I always used to stick to a fairly rigid 2.5% of bank as my liability, aiming to lose no more than 1-2% on any one game. I've changed that in recent months and will now risk more going up to around 5% but I'm more flexible with the amounts now, so I can't give exact percentages it really depends on the game and what I feel is worth risking. Basically, I have more freedom with what I will risk and with what I'm willing to lose per match but it won't normally go higher than 5% of bank.

    My profits have really gotten better the last 2 months because I've traded better and had more opportunities during the clay season, not because I've upped stakes or increased the bank massively.

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  11. Hi,

    maybe you make a little bit too much out of that part time/full time distinction. It's a major step if you decide to treat trading as your only source of income. But with several sources it's really more of a sliding scale, because naturally you will be more motivated on the things that work out better. It just adds another distraction layer to worry about "failing as a full time trader".

    Anyways, nice monthly results and best of trading ;)

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    1. Yes I agree, it's not really an important distinction to make, it's more a personal thing really, to describe myself as a professional trader. Though if I was asked what I do, I probably wouldn't tell them anyway!

      Cheers :)

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  12. Good stuff! It's excellent to see what's achievable with modest bank and sensible staking.

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  13. Hey Sultan,
    I followed you since the dark Ages and I know what you've been through. Im so happy to see, what succes you have now. You deserved it soooo much! I know this is the result of really hard work, day in day out. I mentioned you quite a lot of times in talks, and what you achieved. Patience makes the difference! You proved that very much. So have a very nice time away from the ladders and all the best for you!

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  14. Hi Picard, thanks for the kind words, as always, much appreciated from you. Hope your trading is going well :)

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  15. Nice result, Sultan, and well done.

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  16. Bring on the daily posts! ;)

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