Monday, 14 January 2013

Australian Open 2013

So you are probably expecting a review of the Australian Open. A summary of who to watch and my picks for outright winner, perhaps a couple of outright market value bets to trade. Well tough, cos that ain't gonna happen! To be frank, we all know who is going to win on the men's side as there are really only 3 or 4 who stand a chance. On the women's side, there is only one player who will win if she's on form and everyone will be tipping her. The outright markets don't interest me. I'll be sticking with what I normally do in-play. It's tried and tested and only my own supreme idiocy can mess things up so I don't come out of my favourite tournament on the calendar with a profit. So what the hell is this post about, you ask? Well, nothing to do with the Australian Open, in truth. But like the hours I'm now trading, it could turn my life upside down.

I've had a very interesting offer put on the table for me. I've been given the opportunity to trade with a bigger bank. Basically, I've been approached through this blog by someone who is willing to risk their own money in order to take a share in my profits. I won't go into exact specifics of the deal but it is still being discussed before we come to an agreement on all aspects. Suffice to say, I'm a tad sceptical but at the same time, very excited. If this goes to plan, I will be able to make significantly larger profit than I have so far been able to accrue, due to my relatively small trading bank, even accounting for the shared profits. This was something I was not going to reveal on the blog but as the interested party shows no problem with it, I don't see why  I should keep it a secret.

It's actually something I've thought about for a while, finding an investor who would be willing to bankroll me in return for a share of the spoils. With a year of solid profit behind me, recorded on this blog, I did hope that I might seem an attractive prospect to someone. Of course, with the online world a murky river full of sharks, you can't be too careful with whoever approaches you but rest assured, I have my head pretty screwed on and won't be venturing forth without diligent scrutiny. But I have been bemoaning for a while now, my lack of opportunity to grow my bank. Certain circumstances still prevent me from compounding and without that, I'm treading water when I could be applying the exact same techniques but earning several times more with a relatively small cash injection. If I'd had a similar investment in 2012, any investor would have seen an average 50% return on their money every month - can't ask for much more than that! Of course, that would've been split with myself but still a very handsome return for doing very little.


Anyway, it's pretty much all that is occupying my mind right now, so the Australian Open has taken a back seat somewhat. So no write up for me this year. What this opportunity has made me do, is start to think more about other ways to make money, increase the bank etc. I've been approached about various projects since writing this blog, most notably last year, which is little surprise as that was when I started to make money! Most of them I've declined, a couple of them I got involved with but I felt I didn't have the time to give my all to them. I was still moulding my trading, still aiming to reach consistent profitability and I wanted to devote all my energy to getting that right. Now that I feel I'm 'there', I am now more open to ideas and anything which might push my trading to the next level. 2013 could be an even bigger year than I expected. The Sultan is now open for some serious business!

Elena Vesnina, Tsvetana Pironkova and some fit bird:




4 comments:

  1. Elena Vesnina is gorgeous chick :P

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  2. Wow, that is something I'd never do... playing with others money is more pressure added to the trading, which is exactly what I don't need. I hate losing my own money but it'd be a horrible to lose someone else's. That said, you've more than prove you are a rational man, so I'm sure this is a thought decission and it will go well for you.

    Good luck for the year!

    P.S: And great pic... Love Vesnina.

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    Replies
    1. Yes Cobo, I thought that myself at first but actually, it could work the other way. Surely it's better to lose someone else's money than your own? As long as you are not liable for the losses, it should in theory, allow you to trade with LESS pressure.

      I guess how you react is a very individual thing and I think some traders will find it tough because they want to 'impress' but I think it will actually free me up by releasing the pressure I have to protect my bank. If I lose the money, I'll just go back to my own bank.

      Good luck to you to!

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  3. Keep us updated my friend, I wont mention luck , just stick to what you know.

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