Choose your path...

good holidays
r9

Reading a tennis match section/ Making changes

Fognini vs Kohlschreiber

Kohlschereiber started really slow and Fognini was dominating most of the points, so i backed some Fognini serv games without risking much because i don't like to have money in Fognini. Simple as that. Fognini is very weak mentally, and his patterns are almost always the same if you study him carefully. At one point of the match (1st set), Fognini was the favorite and i risked really very small because if i got a swing against me it would be huge. At this point i was near 20 %. Kohlschreiber was really playing very slow but fognini started to make some unforced errors at one point and kolhs intensity increased. Fog was going to serv i did not mind risk max 10-20 ticks to get 50+ ticks or something like that because Fog was getting in a bad mumentum. I would say that in that Fog's serv game the probability of break would be 40-50 %, so, that trade had a lot of value. Kohls breaks and i manage to get out at a good price. In my opinion Kohls was playing far from his best (and still managed to win) and Fog was getting more and more frustrated and you know what happens to him, so the second set in my opinion was going to Kohl in the long term (Remember: Everything can happen. My opinion was that but i knew mine max risk). The question now would be to get an entry point that would give me a confortable position. 15-20 ticks for the second set had a lot of value in my opinion. Fognini had a really bad body language. I know that body language. It's basically "i can't win" and he started to risk a lot of shots. That was a good indicator too.
Final result was 70%.

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Making changes in our lifes is very important if we have bad habits. But to change is not easy. Normally the books say, "change your belief that cause that thing" but changing beliefs is not easy and takes some time. You will need a lot of willpower in the process of changing.
Some days ago i was searching for a new book to read and found this incredible book. I really love to read books about human psychology and why we are the way we are and do some things even if we know that we should do other things . This is probably the best non-trading book on that subject that i have read so far this year. The fact that the book is based on science is very important. One thing that you should do is to not believe in everything you read. After reading this book that belief got stronger. A lot of  "self help" books teach you bad strategies that are against the human nature and can damage even more your progress. I can give you a lot of examples, but buy the book and thank me later.

good trades
r9

Trading times/Blog post from Mark Minervini - confidence/ Blog news/ students blog price

Hello traders, how are you?

July can be a very dangerous month to trade tennis if you don't have the experience. Why? Expectations.
You expect a player to deliver a good performance and he does not do it. Why? Holidays mentality of course!
A lot of players start the holidays on July and some continue to play on tournaments but they are just there to party and rest, and put little effort to play.

For example, i remember well  that Simon did this a lot last year, not in July. Dolgopolov sometimes... The list is big.

So in my opinion it's a great time to profit if YOU STUDY THE PLAYERS and PLAN the matches.
Imagine some scenarios and how you would trade in those scenarios.
For example: Check their twitter to understand the attitude that they have. There are a lot of sources that you can check.

Some of the matches can be very inconsistent with low ranked players so avoid long term positions. Mumentum can change very fast.


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Mark Minervini's blog (Stock market wizard)


from: http://markminerviniblog.blogspot.pt/2010/02/how-to-protect-and-keep-your-confidence.html

"How to protect and keep your confidence"

One of my favorite quotes from Mark is:

Being wrong is acceptable, but staying wrong is totally unacceptable. Being wrong isn't a choice, but staying wrong is.

Just from reading it i get a feel of inspiration.

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Blog news

I won't give more lessons to new students probably unless there is someone that really would like to get the lessons and puts effort. I have so many ideas to test that i need a lot of time.
Example of ideas that i have been studing:

You can talk with me anytime in skype.

I will update a lot of things in the students blog till the end of July.
Till the end of july the price to acess the students blog will be 50 £ instead of 75 £


good trades
r9

Work your weak spots

Hey traders,

Today i would like to talk about one common mistake that i see. I know a lot of traders that are very good reading  matches but for example they are not good taking losses and most of times they think they just have to improve their reading to improve their trading. That's not correct. You can inprove your reading too, but if you don't work first your weak spots, you are not going to evolve.

So, focus on working on your weak spots first instead of working on your best spots. Thats the way to evolve.

good trades
r9

I don't mind waiting...

This video is so powerful. I listen it almost every morning this month...
Yesterday was a great day for trading with near 2,5k profit. Sharapova price one set behind with lisicki serving very well and with a slow start after a rain delay @ 1.5 was incredible value to lay.
That was an incredible opportunity to risk 20 to 30 ticks to win more then 100 and the probability was in our side in my opinion.

We are trading @ Tradeshark's chatroom
Good trading day
r9

Congratulations to Spain

Take some time to study for matches ...

Good week
r9

Mastering sports / Music

Hello guys,
I am very busy lately with the Grand slam but today i had some time to write and did some trading on horse racing markets.

Today i would like to talk about a common mistake that i see a lot of times. What is it?
Trading a lot of sports, instead of mastering just one sport first.
I am not saying that trading a lot of sports is bad, what i am trying to say is that if you are starting to trade on sports markets its better to focus in one sport only and master it and then move on to the next one. One great analogy for this is if you are doing a lot of things at home, instead of doing one at a time. Your results will be better if you just focus in one activity.

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good trades 
r9
ps: Good weekend