Sunday, 6 December 2009

The Sunday Post

Unit stake: £7.44
Session P&L: £9.58
Average market P&L: £0.25
Football Bank at end of session: £45.89
Unit stake for next session (20%): £9.18

Traded football on Saturday, and one game on Sunday. First day with my increased 20% of bank stake and I made about £7. It felt more laid back and quite boring at times. Perhaps it was just the mood I was in but I mustered up the energy anyway to finish the matches I picked in the morning.

I experienced my first ISP disconnection today, just after I had finished the racing. This was about a minute before KO in the Everton vs Tottenham game and I had positions open on both the match odds and the under/overs. It panicked me a bit as for some reason I decided to call my ISP first to try and get back online rather than call Betfair and close my positions! After about 10 minutes of getting through the seemingly endless standard questions I put my ISP on hold to call Betfair! To be fair to them they did wait patiently until both my positions were hedged. I was fortunate as the positions I had open were counteracting eachother, a goal would have lost me a swing on one but gained me on another. As it turned out no goals gave me a net profit anyway as the draw price had come in more than the over1.5 had come out. It did make me think about in-running football tactics and what combinations could be used to profit from this sort of thing, definitely food for thought. Also got me thinking about getting a backup ISP at some point (like a wireless dongle I could run off my laptop).

Horse Racing
Unit stake: £6.73
Session P&L: £10.68
Average market P&L: £0.43
Racing Bank at end of session: £77.71
Unit stake for next session (10%): £7.77

I was undecided on whether to trade the football or horse racing today. I think what clinched it in the end was that there were four meetings on, plus how bored I got yesterday with the footy - it was nice to switch trading styles and catch a few swings.

I felt as if the liquidity was more inconsistent today. Started OK went through a lull midway through the card and picked up towards the end. I would of thought this was due to other events starting such as football matches. Seemed to be plenty of higher prices favourites, particularly towards the end where I ended up scalping more than I would of liked.

That ends my five day stint of trading and I'm feeling quite positive about how well it went. I managed to find time to trade each day in the end which was also pleasing. I'm now due to work six of the next seven days so regrettably there won't be much time to trade next week. Hope you all have a good week.

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