Firstly a very warm welcome and a big thank you for taking the time to visit Patient Speculation.
What is patient speculation about? Well you have probably guessed it is yet another blog that will chart the blog owners (my ) progress in the shark infested waters that are otherwise known as the sports betting (and other)markets.
What will be your return on investment for the time that you spend here? Well my goals are that hopefully you will leave this place a little wiser (and more profitable) than when you arrived and secondly that my education in the art of speculation will benefit from your input. I see this blog as being my primary tool to document my progress as a speculator in the markets. Most people would say that the ultimate measure of my progress will be how profitable I become, to which I would reply that they are correct but for me the profits will be a pleasant and hopefully natural by product of my increased knowledge of the markets.
Why the name Patient Speculation? In order to become a better speculator I have recently participated in a lot of self analysis and one of the uncomfortable truths I have learnt about myself is that I have always been impatient, this impatience has manifested itself in numerous self defeating behaviours such as:
- Not being thorough enough in my research of a method.
- Getting involved for action as opposed to getting involved because I believed I had an edge.
- Not recording my activities in enough detail.
- Not giving a chosen method enough time to prove its worth.
- Over staking.
- Over trading.
- And finally the most dangerous of all: CHASING LOSSES.
“Patience is the ability to idle your motor when you feel like stripping your gears”
If you have read this far then you may be of the impression that I have created this blog for purely selfish reasons and up to a point you would be correct, but I believe that by helping myself I will help others and conversely by helping others I will help myself.
I have tried my hand at blogging before and achieved fairly good results. In only three months the blog became a fairly busy place with over 20,000 page views, there were plenty of comments and my readers profited by following the free selections that I posted, again though my impatience got the better of me and I was blogging at a pace that I could not sustain so I soon burnt out.I do not view that blog as a failure because the process of managing the blog did teach me so much about what works and what does not work in the blogging world, also the blog did contain a lot of useful information that I feel is worthy of reposting on patient speculation.
“Failure is success if we learn from it”
Malcolm S Forbes
I view this blog as a long term project that over the years will become a repository of knowledge about all things relating to the markets. I will post any information that I think will be of value to myself and hopefully others. I am also hoping that you the reader will help in my education by giving feedback in the form constructive criticism.
As a means of maintaining the discipline of updating my blog I will start by putting up daily selections from a method that I know works. Hopefully we will all benefit from the selections and I will also benefit from the discipline imposed by finding, posting and recording the results for the selections on a regular basis.I will explain more about the daily selections in my next post so if you are interested in seeing what they are, then please either bookmark my blog or even better subscribe using the links above.One thing you can be sure of is that my blog will be constantly changing but the core values of the blog will remain the same.
All that remains to say is a big thank you for taking the time to read my initial ramblings and I hope you will decide to return.
“Patience and fortitude conquer all things”
Ralf Waldo Emerson