Portfolio performance for 2011 so far has been poor. I have found myself wondering recently how much of this has been down to underperforming services, and how much has been the inevitable result of an underperforming me. Thinking back over the last six months, I can see some absolutely glaring mistakes that I've made that ultimately have adversely effected bottom line performance. Here are three...
1. Joining Shaolin Betting.
2. Stopping following the Sports Investor tips, then going back to backing them again, before stopping again!
3. Constantly changing staking and system followed with The Football Analyst.
There are others, I'm sure. But these are the ones that spring to mind.
Now, there have been other factors that have dragged down performance that can't be attributed to my general incompetence. PJA NH had an horrific first quarter to the year, Football Elite had a dreadful January and a not much better March, and the normally excellent 4PA's standard of performance has dropped significantly from it's 2010 heights. But even if allowing for this, I reckon my mistakes have ultimately been the difference between languishing in negative territory or edging into the land of milk and honey that is profit.
Furthermore, reflecting on the period July to December 2010 - a period in which my betting recorded a profit of over £6,000 at an roi of 10.47% - I recognise that I made other mistakes. Being subscribed to what were patently the wrong services, changing the staking, bottling it when enduring a bad run. You name it, I did it. If I were a racehorse, my betting competence would be the equivalent of running (and being thrashed) in sellers.
Which is all rather encouraging. I can do something about me. Self-flagellation is perhaps going a tad too far (although would probably meet the approval of my staunchly Catholic mother-in-law), but the experience gained and the lessons learnt should stand me in good stead. I can say openly, and with no concern about St.Peter denying me access to the kingdom of heaven for being a "lying git" (his words, not mine) that July's depressing balance sheet is absolutely no fault of mine. I have merely followed orders. And following orders is definitely the way to go until June 2012.
'Consolidation', would be the right word to use I guess, after yesterday's profit. A small profit today, primarily thanks to a winner found amongst the four The Market Examiner selections (Plattsburgh - Doncaster - 5/1). On The Nose's one each way tip finished third (Shamacam - Sandown - 5/1). The only other service to play was Northern Monkey who drew a blank from their two small bets, although the first was backed down from 14/1 to 5/1 before finishing a not too far away second.
Northern Monkey: Staked 0.5pts, -0.5pts.
On The Nose: Staked 1.5pts, +0.188pts.
The Market Examiner: Staked 4pts, +2pts.
Thursday 21st July: Staked £88, +£17.76.
Running total: -£755.24 (roi -17.62%).