Fail to Plan, Plan to Fail/Freedom

Hello traders,
the title of this post says it all.
It's important to plan things. For example, today i woke up at 7 am, i took  a bath and planned some matches in the cafe. The best thing about trading is the freedom that it gives, so just enjoy it and dont be always in front of the computer.

Good trades
r9

NBA game 5 tomorrow (22-06-2012) @ 2 am

3.1 Miami

Can Lebron "The King" James win his first ring?

good trades
r9

EDIT:

Must read - Paul Tudor Jones on Failure

A great speech from Paul Tudor Jones on Failure. Everyone should read this from time to time.

Link



r9

Words by Will Smith / Warrior forum / advices productivity

Some days ago i was searching videos on youtube and i came across a Will Smith's music that was called "running and reading" - And he said that reading is very important because if you have some problem you can read a book about someone that had that problem and solve the problem. So, today i would like to share a forum that i use a lot that has nothing to do with trading, but it has a lot of experiences on how to overcome barriers/motivation and much more. The forum is mostly used by Internet Marketers. Internet marketers have to work online for money just like online traders and they usually are very good on time management and motivation because they have to work on a lot of projects, so you can learn a lot from them .

Check the sub forum  Mind Warriors - Success, Power, Self-Improvement

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 Some advices regarding productivity


- Create a very good work ethic.
- Delete your facebook account
- Don't watch tv. If you love some show record it and see it on the weekend.
- Read 30 minutes day at least.
- Know your goals.
- Take some time daily to work your mindset.
- Sleep > 6  hours.

good trades

r9

Reading a tennis match section / temptation

Hello traders, how are you ?

Today i would like to talk about a good indicator in tennis that a lot of people don't notice.
If a player loses the point it means that the other player wins it. But if one player makes an unforced error it does not mean that the other player is playing better. I think that you got the point that i am trying to explain.
One of the worst tennis trading mistakes is backing a bad player when we think that he is playing very well, but most of times, this is not the case, its the other player that is not playing well. I can't give pratical examples but i can tell you that this advice its very easy to put in practise, especially to avoid losses : )

Don't forget this:

"Common sense is not so Common"

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Temptation - its a word that is part of trading equation.

I was very greedy when i started trading and i am still very greedy and i think that greed is a big part of my success but if you are very greedy you will make a lot of "unforced" mistakes. So how can you avoid temptation especially regarding money? Avoid temptation situations. Do you get greedy when you look at your betfair bank and see that you need 10 € left to hit 10 k and you do bad trades? What's the solution?
The answer is very simple, but i will not say it. Solve the puzzle.
One example?
Why do you eat bad food at your home? Because you buy it.
Avoid the temptation situation by not buying that food. You will not have access to it, so you will not be tempted to eat it.
Its easier to avoid the temptation situation rather than having control over temptation.
My english is not very good. I hope you got the point.
 

goodtrades
r9

Before..

Great Speech on self control & discipline by Joel Osteen

Your life is like a garden. Take care of it.

Richard

Daily update / Adapt your trading style to your personality / prices

Hello traders, how are you?

Congratulations Maria for the # 1 : )


Today was a great day for trading tennis. Great Results but some could be better. For example in Sharapova match i expected her to win the match in two sets if she started well. It happened but i had some short term unlucky in my entry point and i missed her break in the first set and lost a lot of value in her price. It was frustrating because you have the plan and you know what is very likely to happen but if you don't have a great entry, because in this case there was some risk (kvitova), this match would not be so profitable because you would be influenced with some short term swings. So, a potential 0,5 k match that just finished with 80 € in both. I was a bit frustrated but i really try to focus on the process the best i can. Overall, i did a good trading in this match, going from -17 % to 8 %. I have been doing this a lot lately. A lot of short term unlucky in a lot of matches.


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I get a lot of emails asking for help and i would like to give some advice. First, like nadal says in his book, what separates champions from other players is the mental game. How do you trade when you have a big red? A lot of bad decisons? Do you keep cool head?

So, the best advice that i can give here is, adapt your trading style to your personality and ask yourself questions, good questions. If you apply these two concepts you can have a great life.
This is the best advice that i can give you, want examples?

Overcoming barriers

Instead of feeling bad and talking about failure, just react and ask yourself better questions. Learn from mistakes.
Ask yourself about your problems and learn with it.

Just some examples,

Ask yourself and you will get the answers.

Losses

I hate big losses, i really hate. What can i do? Ok i have to limit losses.
I have some problems to push the trigger to limit losses? Yes, in big losses.
What can i do to overcome that barrier? Quit a match while i have a small loss.
How much risk? Well, a risk that allows me to risk X times, or a risk that i feel is comfortable for me.
How can i find that ideal risk? Do some matches and take some notes when i am about to start making bad decisions or after i make a bad decision.

Tennis matches


Ok, i have a big loss? Why did i enter in this player? Am i comfortable with this risk?
Am i overtrading? What can i do next time to avoid it?

It's not difficult ;P

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Some traders sent an email asking if i could decrease the price to access the babypuntz students blog again because they were interested before and i increased it very fast and they did not have the chance to get the 50 £ value. So, the price of babypuntz students access will be 50 £ again till next Sunday. After Sunday the price will be 75 £ like i said in the previous post.


good trades
r9

Must read for tennis traders

Fantastic book. I have just read today the first 50 pages of the book and it is really good. There are a lot of interesting things and Nadal focus a lot on the mental side. Great wisdom from the king of clay.

good trades

Daily update/ Trading classes update

Hello traders, how are you?


Another day, another trade. Today was not a great day for me on tennis. Made a good profit in Stosur match that was  very tricky and lost some in Roger match (-120 €). Roger match was actually a very easy one to trade if you waited for the last sets, knowing that DP injury was conditioning him, but this time i did not figured it very well and i decided to dont risk more money because i was really tired : )

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I have a lot of people interested in the tennis guidance packages but i would like to say that if you want to take the guidance this is the moment to apply for it because i think i am not going to do it after this year and there is a lot of people interested and i can't give lessons to everyone at the same time.


The new prices for the package guidances are:

Babypuntz students area - 75 £
15 days - 350 £
30 days - 700 £

So, why the price updates?
In order to help the students 100 % via skype, i have to decrease my stakes to half. I planned to spend initially one hour/day with the student but sometimes i can talk up to 3-4 hours with a student and do up to three live matches on the most busy days and if i'm not tired.


So what's the value?
Listening the reasons for the trades and all the planning and decision making of someone with 4 years of experience of trading tennis and that aims to 4 digits everyday. Learning about all the subjects.


good trades
r9

Common mistake - Fake injuries

Hello traders, how are you?

Today was a very good day with a 2k win in Li, but that's not the match that i would like to talk about.
I would like to talk about Murray match because i feel that most of new people trading tennis would finish with a loss because of that possible "injury". Why i know that? Because i was once a new tennis trader and got caught many times in situations like that

I would like this post to be an alert that you have to be careful with fake injuries. If we talk about fake injuries we have to talk about Monfils. So be very careful in his matches. Murray is also known for the injury body language. What is the best thing to do to handle these situations?
Well, the best thing to do is to avoid the match if you dont have the experience to do it, but in the case that you have the experience, the best thing to do is first, decrease your stakes, for example, i was trading with 1k stakes earlier and as soon as i saw murray injury body language that i know it could be fake i changed my stakes to 0,5k.

I hope you pay more attention to the fake injuries.. It's very easy to get caught.
I had big lessons about this subject. I once lost 1k with robredo and some profit with
Benesova ( http://babypuntz.blogspot.pt/2011/07/there-is-always-something-to-learn.html).

In that match Robredo had an injury that he looked like he was going to die. He broke and won the match. Lol . Its funny now but it wasnt back then.

good trades
r9

Funny moment of the day - Kaia Kanepi

The blog would like to congratulate Kanepi for finishing the match after so many match points wasted lol.
Great sessions with the students. Great matches to learn a lot of topics.

With Craig and Paul ( 10 %)

With Nikolay ( after being - 25 %, great session, ended 3,7% ) 

trading alone after 

Join our trading group

Skype: richard.nine

richard(dot)nine 

Roland Garros Sensation / Reading a tennis match section

Hello traders,

what a great Roland Garros. Trading is going very very well.
This Roland Garros edition has some big surprises like David Goffin.

(from atpworldtour.com)

 David Goffin, who defeated Poland’s Lukasz Kubot 7-6(4), 7-5, 6-1 to become just the seventh lucky loser - and first since countryman Dick Norman in 1995 at Wimbledon - to reach the Round of 16 at a major.

"Now I'm playing against Roger, and I can't believe it," said Goffin. "When I was young I had a lot of picture in my bedroom of him. I will prepare this match like every match. We will see. I will give all my best in two days."

Goffin had been elevated into the main draw when Frenchman Gael Monfils withdrew with a knee injury, and impressed on his Grand Slam debut with five-sets wins over Radek Stepanek and Arnaud Clement in the first two rounds - also his first two tour-level wins on clay.

"I'm feeling good, really good," he said. "First time in the main draw of a Grand Slam. I had three matches. I had nothing to lose. I wasn't the favourite, but I played my best tennis. Today it was three sets, three not perfect sets, but I was playing really good today. I'm really happy to win."

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Reading a match section

I would like to talk about something very important in this match ( Goffin against Kubot )

Kubot was getting very angry with the crowd and it was easy to notice that, and he started to do unforced error after unforced error and the crowd was always putting pressure in him. In my opinion i expected way more from Kubot but he just showed that he is mentally weak. 

I got in kubot ladder sometimes to try to catch a comeback after a possible "injury" in Goffin's hand but kubot was getting more and more frustrated. So, Goffin breaks back in the second set and for me it was the perfect moment to enter in him. Why? Kubot was getting very frustrated and his game was not going in, crowd was putting a lot of pressure in him and Goffin was handling pressure very well. I stayed with the position open till the end. Kubot body language was telling that he was not caring much and 20 ticks for a set with 2-0 in sets is value in this situation. 

 The price was very good, but unfortunately i was using very small stakes because in my opinion was a very risky situation,  because of Goffin's experience. (Rules are rules)

Conclusion:
- in smaller courts, crowd can be a big part of success
- Body language is a great indicator because its a natural consequence of attitude
- Lower your stakes in risky situations. ( i am using 2k stakes at the moment, and in this situation i used 200 €)

good trades 

r9