First a quick reminder of what the ‘Blog Post Award’ is all about:
The idea is simple: Every time I find a blog post (new or old) that I think will add value for my readers, I will bookmark it and put it on my list to win the: Blog Post Award.
I will then write a post similar to this one explaining why I have decided on that particular post.
I will also link to the post from my blog post Award icon situated near the top of my side bar
For a full list of previous winners visit my ‘Blog Post Award ’ Page.
Now on to the main event; The winner of my ‘Blog Post Award’ :
from Mark Iverson Professional Sports trader blog.
I openly admit that one of my primary goals in life is to become a full time professional sports speculator. In this week’s excellent post Mark Iverson gives a glimpse of what it takes just to prepare for such a huge change in direction, having taken the plunge about 12 months ago.
As Mark explains it’s not enough just to have an edge, you also need to ensure that you have prepared as thoroughly as possible, not just in how you approach the business end of your pursuit, but also in areas that although not so obvious, are still just as important to achieving success. The kind of topics that Mark discusses are making sure that your home finances are set up to reduce your outgoings to a minimum and making sure that you have a big enough bank of money to finance your new venture so as to ease the pressure to achieve instant results
Mark also suggests taking a look at your own strength’s and weakness’s in order to make sure that you have what it takes to become successful, he even touches on looking at a fallback position so as to make sure that if the worst did happen you would have some sort of insurance position in place.
What really impressed me by Marks post though, is that although he suggests all of the above, he does still give the impression that he is enjoying what he is doing and gives an overall positive message to any would be full time professional.
To me he is saying that as long as you have, in his words, “covered all the bases” and are still sure it is your pursuit of choice, then go for it and good luck.
I think that Marks message can be perfectly summed up by the following quote (which can, in my mind be equally applied to our approach to sports speculation):
“Hope for the best, but plan for the worst”
I hope you have enjoyed this post.