Sports Trading: the £20 challenge

This is a discussion on Sports Trading: the £20 challenge within the Trading Journals forums, part of the Reception category; Opening Balance: £26.20 Well, everything was going well until I laid a bet on Real Madrid. That is all I ...

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Old Apr 24, 2011, 6:11pm   #9
 
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Re: Sports Trading: the £20 challenge

shadowninja started this thread Opening Balance: £26.20

Well, everything was going well until I laid a bet on Real Madrid. That is all I need to say, really, if you know anything about football. It was the end of the day and I wasn't really focused. Silly, really. I also tested an idea as I thought I'd spotted an opportunity... and lost 50p.

Onwards and upwards.

Total P&L: -£1.54
Current Balance: £24.66
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Old May 2, 2011, 12:04am   #10
 
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Re: Sports Trading: the £20 challenge

shadowninja started this thread Opening Balance: £24.66

Should have been profit for the week but I was ironing out one aspect of my strategy, namely, whether I can take advantage of any opportunities I see to lay scalp the favourite. I've concluded that I cannot. I find it too tricky to judge the risk levels at any given time; I'm sure others are managing it but I suspect they are watching the match on a faster link than anything I have available. I should also have made a little more had I been trading at the right size but I was only risking £5 rather than £20 in one of the games as I wasn't paying attention to size.

Total P&L: -£1.31
Current Balance: £23.35
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Old May 8, 2011, 11:12pm   #11
 
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Re: Sports Trading: the £20 challenge

shadowninja started this thread Opening Balance: £23.35

Wow. 427 matched bets, 836 cancelled bets.

I am slowly starting to identify which games work best for my style of trading. Took a couple of losses due to choosing the wrong markets. Otherwise, I get the feeling I can solidly churn out money over the long run - I'm starting to be able to read the market and know when to stay away. I'll keep plodding along.

Also, dabbled in pre-race horse trading. Scary stuff. I'll stay away. Made a couple of pence but felt a bit too much heart-attack stuff for me.

Total P&L: -£0.28
Current Balance: £23.07
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Old May 15, 2011, 6:28pm   #12
 
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Re: Sports Trading: the £20 challenge

shadowninja started this thread Opening Balance: £23.07

Didn't manage to do much this week; been busy most of the weekend so missed all the decent games and was out some of the evenings midweek so also missed other decent games. Hence, only managed 137 bets and very little in the way of profit. Nothing much to report, in other words.

One thing I did notice was that trading illiquid markets leaves me in a dangerous position for much longer than I like so I will only be trading games with bets being regularly matched (ie at least one bet per 15 seconds).

Total P&L: £2.89
Current Balance: £25.96
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The markets can stay solvent longer than you can stay irrational.
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Last edited by shadowninja; May 15, 2011 at 6:38pm.
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Old Jun 5, 2011, 11:29pm   #13
 
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Re: Sports Trading: the £20 challenge

shadowninja started this thread I am aware it's been a while since I last updated but I've been busy during the weekends and have therefore traded less than I want to. Anyway, waiting for a Chilean game to finish and I will update.
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Old Jun 6, 2011, 12:08am   #14
 
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Re: Sports Trading: the £20 challenge

shadowninja started this thread Opening Balance: £25.96

As I mentioned previously, I've been busy on the weekends and missed the busiest day for trading (Saturdays). A bit annoying, really, but amusingly, I've managed to make more than I thought I would. Am also trading during half time, which I never used to do, and this may have helped boost profits somewhat. Dabbled a little in trading horseys pre-race but that accounts for about £2 of the profit.

Anyway, 775 bets, 1485 cancelled bets over 3 weeks. Degen-tastic.

Total P&L: £31.40
Current Balance: £57.36
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Old Jun 19, 2011, 10:11pm   #15
 
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Re: Sports Trading: the £20 challenge

shadowninja started this thread Opening Balance: £57.36

Update coming in a bit. Just preparing the post. I am...

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Total P&L: ££££
Current Balance: ££££
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Old Jun 19, 2011, 10:25pm   #16
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Re: Sports Trading: the £20 challenge

hahaha
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