Well tonight went some way to recovering from the diaster that I had yesterday. Head was a lot clearer tonight and I was more focused. I managed a profit of £15.84 for today.
I did some small trades in the tennis, and made £5.39. I did this using the 'back the server' method. As I am fairly new to tennis trading, football being my main sport, i only traded in £2 portions. I traded on the Federer game, but only in the first set thankfully, as he lost in three sets. I also traded in the Ferrer game and the Murray game and the Bellucci game.
My main profit for tonight came from the semi-final of the champions league. I layed the draw as I knew there would be goals in the game. Lyon had scored in every champions league home game prior to this one and Bayern Munich had scored in every away champions league game prior to this one. Bayern Munich took an early lead and I could of traded out straight away, but only for a £0.90 profit. However, as I was watching the game and bayern were well on top I stayed in. At this point I knew that lyon had to score three goals to go through, so I layed the 0-1 scoreline. Lyon then got a man sent off and bayern scored another goal to make it 0-2. I then hedged out on the draw for a profit of £6.65. I then also layed 0-2, as bayern had an extra man and there was 15-20 minutes to go. Bayern scored so I won £3.80 on the correct score market.
So all in all a good nights trading. I am hoping to trade on the second champions league semi-final tommorow night and carry on with my initiation into the world of trading tennis.
See you next time
Take Care
Hi Gareth
ReplyDeleteReally interested reading your blog. I started trading about a month ago aswell and trade with a bank of £200. Your trades preety much mirror mine as i traded the play-offs and the Champions league. I have also traded some tennis too.
I know the feeling when trying to trade too many games at once and now keep to a maximum of two trades at the same time. Things can happen fast in one trade and all your focus has to be there, so you miss whats going on in the other. I learn't a very expensive lesson trading twenty/20 cricket the other day. Pakistan were 191 in their innings, a huge score! Australia were struggling badly on 68 for four and looked to have absolutley no chance of winning the game. I had layed them @ 1.27, 2.2, and 7.00 throughout the match. The backing side dissapeared from the screen and Aussie were 100 on the back side.
Even with 2 overs to go i didnt think i was in trouble, they nedded 36 runs from 12 balls!!! Greed got the better of me and yes almost unheard of they managed not 36 of 2 overs but 41 hitting a six off the last ball!
It just shows you should always trade out before the end of a match.
Before the match my bank was £280 after £118 OUCH! A very expensive lesson i will never forget.
Mike
jlemony2 I don't know anything about cricket rules... and baseball very little, but is cricket a market with good liquidity for trading?
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