A great time was had by all skiing in obertauern, Austria. Fantastic place, great sport, good crack. This is my first attempt at video editing. Pretty chuffed with it, something for us all to keep and remember. its just missing a bit of kajagoogoo soundtrack in the background
Poker.
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month end result
profit - $13900
hands played - 66000
loyalty bonuses - $2600
weekly hours 29
Total profits- $16500
( figures need sunday mtt results subtracting. 0 cashes, circa 4k down 09 so far)
Things move fast in poker. very fast. It reminds me of my previous existence, running nightclubs and bars, where one minute your king of the world, then when a new club opens and decimates your revenue and profits overnight, your the worst manager in the world, and you got a head office wheasel invertebrate "yes man" on a secret customer visit, reporting back to head office that the reason your business has dropped from 50k a week to 9k is because your ashtrays are cracked. ( Darren lea and Graham peel spring to mind ) Of course it had nothing to do with the 3 million quid oceana nightclub that opened nextdoor.
All in all, a good month, stressfull, but a good month. After a mammoth 120k hands in jan, february was always going to be less volume. The month kicked off with some graph meandering, dipping in negative territory several times, followed by a huge bull run from 0-24k, then crashing down to earth with a 10k downswing. i think im playing well at the moment but for some reason i cant enjoy a steady month, its a horrible rollercoaster every month and im not enjoying the pressure one bit. Pokers certainly the most mentally stressful thing i have ever done. The heaters and coolers are coming at me enforce, all at once. Im not going to moan at posting a good profit though, but its become a job now, i dont enjoy playing anymore, and ill do anything other than play, the stress is so high. Im winning and losing 4-5k per day and im constantly fearful of dropping another 30k like december. One day i cannot do anything wrong, next day im running jack high flushes into queen high, set over set and so on
Share trades
"If you don't trust gold, do you trust the logic of taking a pine tree, worth $4,000-$5,000, cutting it up, turning it into pulp, putting some ink on it and then calling it one billion dollars?"
I got my money back last week, and liquidated all my positions. Including dealing costs, im 4% down in total and a little wiser. The main reason i cashed in was to invest in the yellow stuff as there is a market correction going on at the moment that ive been waiting for. With goverments hellbent on printing off trillions to bail out financial institutions, ive made a very big decision to switch my portfolio to gold. At the moment its at $940 and taking a breather after hitting $1000 a couple of weeks ago. My entry point is $925 . This is more about repositioning where my money is than making short term trades. most of the deals will be insitu for 3-5 five years i think
A great time was had by all skiing in obertauern, Austria. Fantastic place, great sport, good crack. this is my first attempt at video editing
And finally, centrebet have very kindly donated a return trip to Austria in 4 weeks, sponsoring me to play the euro city poker cup in salzburg, a grand total of a 5k package, starting 5th of April. This will be my first mtt of the year and very looking forward to having another pop at skiing
http://eurocitypokertour.com/
Staking ( + bonus whoring )
The staking project is going along very nicely. The plan is to stake a friend of mine, jase"the nut peddler" kelly 1k. He plays exclusively full ring at .5/1 on a site that gets $600 bonus startup. When the bonus is realised, we cash out and move to another site. We started on full tilt, and so far, 6 tabling, the bonus gets released at a rate of 10 bucks an hour. So if we break even we get £3.50 an hour pay and play wages. So far hes doubled his roll to 2k in 4 weeks. Now we need to make a decision to start cashing out or increasing stakes.And we cant decide which way to go with it yet
2 March 2009 17:19
Hi Clarkatroid. I was wondering what markets you were trading on and what software you're using.
3 March 2009 04:35
i was shorting the markets, not using any charting software, or spread betting though, just following various experts. fav reads are market oracle and investors chronicle. ive closed all my positions though to take the opportunity to buy gold and silver as they are currently correcting to attractive levels
ill be buying etfs and covered warrants using societe generale, possibly some physical gold, but the premiums and spreads are really high