Monday, December 13, 2010

Stick to the Plan

Good Morning,
First thing I want to do is address this weekend's results. Saturday we went
0W-3L and lost 3 units. Sunday we went 4W-1L and won 5.15 units. Based on the feedback I received Saturday evening, I am convinced that a number of players are either, picking and choosing their plays or are not managing their money properly by betting 3-4% per play

This is a long term investment proposition and we will have ups and downs. Over all we will make a lot of money. A bad streak is part of what happens. Please stick to the money management principles and make all of the plays even if we have a bad day or week.

There is a natural tendency to sit on the sidelines after a tough day or in some cases to double up or increase the bet size to make up for a bad day

What we do will make money. Some of you have to stop thinking about this venture as gambling and start looking it as investing. We never know when we are going th have that huge month that will quickly wipe out any temporararily losses.

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