Update #21: 23.12.18 - 31.12.18
And this is the way we conclude the year. We started this project on August the 12th with the aim of motivating people to do something different and showing the possibilities of making a living out of something else.
It's been pretty hard and frustrating at times, specially during the last 2 months where variance has taken the best of me.
Overall, we are behind on our goals but I guess this is something normal.
Before telling you about the plans for 2019, here is the summary of the strategies:
Poker: On the graph you can clearly see how variance has affected me negatively and this has been extremely depressing for the overall challenge.
In the past 2 weeks I have been making a couple of FT for €3-2K pay outs for first but only to fall short on 7-9th place. I mean, positive days which is nice but still a long way to go.
The strategy for Poker in 2019 will be to play MTTs online only on Sundays after trading. I will be playing live the weekly tourney and that is about it. Maybe some Omaha cash or STT but I will be looking to lower the amount of poker played.
I also will be looking to post hands and try to discuss them with you guys.
Advantage Playing: As the graph shows, the beginning was good because we got the best offers but now offers are smalls and my brain says "not worth doing something for 10 minutes tog get $5" and that is wrong.
If i can manage to make 10 of days a day then that is around $1000 a month which is huge so I will pay more attention to this strategy. I will be doing it during the mornings when not much is happening.
CST: Not much to say about this strategy. Graph speaks for itself.
This is the biggest change I will make this following year.
Before starting this challenge I used this as my main strategy using my whole roll on it, amazing $2K in 3 months. being very selective with matches.
What I will do is basically put almost all my roll in this strategy again and use it as my main strategy since it is the most consistent one.
PMT: We did not see the whole potential of this strategy since most of the profit gotten here was used on IPT. Nevertheless I wont be using this strategy anymore. I will be using PMT for entering the market for the CST strategy but PMT wont be a strategy of the portfolio anymore.
IPT: More or less the same will be happening with this strategy. I am proving to be a bit bad with IPT. So what I will do is use IPT to decide when to go out of the market while using CST.
"IPT" name will be changed for "JellyLock" which is the service I am using for most IPT trades. The guys are doing amazing on Football and NFL. So I will stick with them a bit more and see how it goes.
As you can see we are doing using this strategy but you wont believe me. JellyLock's trades are up $500 which proves I am doing bad alone. So let us concentrate on what is working.
WinnerOdds: WinnerOdds... You all know how this strategy has been working for me so yes, we will stay with it. However I reseted my starting bankroll to €1500 again so I can dedicate more money to CST.
Double-Chance: This strategy is driving me crazy haha. It works but one has to have an amazing patience. So I am not sure what I will do with it.
Help me decide please hehe
Here I leave you with the graph of the whole portfolio since we started the challenge:
So, Overall we are still in green but super slow, this is why I decided to take some action.
I will be taking my best strategy, CST, and show you how I work it.
I am assuming not many people will read this post so I will post again on Wednesday telling you about the idea I have for this.
Again, guys... thanks for reading and sorry for the under-performance this past months.
Happy New Year, traders!!!
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See you in 7 days ♠