Hot Deck the Poker Halls

So it's getting to that time of year where we eat too much, drink too much & gran knits a ridiculous jumper for you to wear! And the games become juicier than ever.










Poker
I'm on target all round, my volume is looking good. AORN I'm 3 games off target, with a (Xmas) day missed. Profit wise, things are improving. I'm actually pretty fucked off, I started out at the $5s back on FTP with a pretty huge tilt session. Bad play & not allowing myself to walk away resulted in me dropping 9 BIs from the word go. Since then I've worked it back up, looking at the results I've been on a 20% ROI run since that session but stats only look around 5% ROI over the 60ish games. A valuable lesson learnt, one which I'll make every effort not to make again.

I'm already putting together my 2011 goals. In my mind its going to include as much volume I think I can get away with, which will include moving up several levels throughout the year, improving my session quality, concentration & making fuck loads of cash while I'm doing it.

Spread Betting


I'm pretty happy with my spreadbetting TBH, I haven't been doing it long & admittedly I lost my initial £100 bankroll the first time round. But that was due to me not having a trading strategy. Now I have one with my second B/R I'm up over £60, in only 2 months to have a 60% ROI I'd say is awesome considering I'm told not many people make a profit at all.

  I can see tons of similarities between this & poker, mainly in the risk element & accepting that you're not going to get it right 100% but if you have a decent "session" it needs to make up for the loses that you take in other sessions. I've got 3 trades going, Afren (+£14), Elementis (+£30) & GKN (+£31). I was tempted to get into PZ Cussons but a 3 point spread put me off a little. Had I jumped it I'd be +£2, but thats early days.

  I'm also watching the FTSE-100 & would love to bet this going down, even if it hits the 6000 mark that analysts are claiming it will before the end of the year. The momentum looks like its ready to go after showing some divergance last week. Looking at the garph below last week it had its highest high, but the momentum indicator didn't reflect this which would inidicate the momentum is slowing & had my roll been bigger I'd have entered a trade to sell if it hits just over the 6k mark. I guess we will see if my guess turns out to be true.

Tilty McTilt & other money making schemes!

So December has been pretty fun so far! I've moved back over to Full Tilt after building my $20s into $100 on Titan. Finished around 14% ROI from the $1s & $2s. Currently looking like a fish on Sharkscope with a -14% ROI after going 2-10 on uber-tilt. But then I've gone 7-2 the past couple of days, so hopefully my tilt monkey has retreated back inside!

My volume is coming back up, played 65 already this month! Whoop Whooop! Easily on target to hit 150 & may knock it up to 200-225 next month, we'll see how it goes.

As for my other pursuits, my spreadbetting is coming along nicely. I'm up around 44% on my original £100 & should hopefully double up early next year provided I can lock in some profit at the right time. My account could allow for another trade, but I'm slightly prepared for a change in fortune with the direction of the markets. FTSE-100 doesn't seem to have the ability to break the 5800 mark & would appear that this is the resistance line with 5050 being the support line.

Of my 3 open trades, Afren PLC is the newest & is working well at the moment. As I understand it, they are due an update on the flow of oil from the field in Africa which should have a positive impact on the share price. However, this isn't my reason for being in the share, the ADX shows the share is in a positive trend & so far we have had a 10 point move upwards.

Don't mention November!

I've jumped two footed into December, happy that November is out of the way. Didn't have a great month at the tables & lost quite a bit of ground building my roll. I'm around 10BIs away from the $5s & will bag it this month for sure.

Volume-wise, I'm determined to finally hit a 150 month again. It's been so long I've forgot what its like! So far I'm up 5 days in a row (mini-accomplishment FTW!!) & I'm slightly ahead on games for the month. 11/150. Last month I only played 65 games & finished down for the first time since I can remember. It's allowed me to take a step back & review my game & really start to concentrate on taking notes on villains which seems to have worked well already, specifically looking at lines villains take that show they are weak or strong & use this against them.

I've branched out over the past few months & started a £100 bankroll & trying my hand at financial spread betting. Read a number of books, one of which I refer to quite frequently is Winner Spread Betting Strategies by Malcolm Pryor. The book itself looks at about seven strategies (although a couple are the same strategy just used for a rising market or a falling market) to make money from trends in stocks. This is the 2nd roll I've put into spread betting, lost my first trading the FTSE100 without any kind of plan. Since then I sat down & read a number of books to develop a longer term plan. Seems to be working for now, at the time of writing I'm 20% up on my original stake with 3 open trades in GKN PLC, Elementis PLC & Afren PLC.

Good luck at the tables!



MrJayOMG