Thursday 2 September 2010

The Great Escape....or Lady Luck

Opening bank: £116.05

Daily target (2.5%): £2.90

Sometimes things happen that cause us to change our plans... such an event was a call from a mate to go out last night to watch live music - something I rarely turn down! Being picked up at 8.15 meant another evening of first half trading only!

I had placed a back of £50 on 2-0 in the Sheffield Wednesday match and it had been matched by lunchtime. I placed my lay bet 1 tick below, the aim being to achieve a 'free' £25 on 2-0.... Team news from the two camps before kick off  suggested resting lots of players, and Wednesday were going into battle without two key centre-backs. Inevitably the 2-0 price drifted, whereas my expectation was for it to come in a bit, and my lay wasn't matched prior to kick-off.

My plan then was to jump straight in after the lifting of the k/o suspension, but unfortunately someone put a massive lump of money 1 tick higher than mine! I was in the process of moving my bet up a couple of ticks to take a small hedged loss and WHAM! SUSPENDED....1-0! Phew! A goal the other way would have left my £100 to £2000 experiment looking a little bit sorry for itself unless I had been able to conjure something up...

Because the opening goal was so early in the game the effect on the 2-0 price wasn't fantastic, but I put my lay bet in to give me a £35 free profit on 2-0 leaving zero on all other scores, and waited a few minutes for the price to drop a bit further before greening up. Just after I greened up Wednesday went 2-0! Too late for that trade but an ideal opportunity to nick a few ticks by laying Any Unquoted at 2.60. My friend called for me as promised at 8.15 so I left home relieved to have exceeded my daily target with a somewhat fortuitous £5.26 net of commission! I hadn't touched the Betis game at all, which is a shame as although it ended 2-1 the first goal wasn't scored until the 40 minute mark, and the game would have been ideal for my intended trade!

Profit: £5.26

Bank at end: £121.31

A quick look at my progress so far:


After four days, I am where I should be after 8 days - that's a situation I can live with...

Today's trade - or lack of!


The International Break has left an absolutely awful In-Play Coupon today, and one of the rules of Gun's new disciplinarian regime is 'Don't trade for the sake of it...' so a day off for me today.

Be back later with some thoughts on the internationals tomorrow evening.

3 comments:

  1. Good Luck with the challenge Gundulf. I've started something similar but it's more of a survival thing for me. It would be good if you can add my blog to your blog list. I've already included yours on mine.

    Cheers
    The Chance Trader
    http://lastchancetrading.blogspot.com

    ReplyDelete
  2. Hi there,

    What has happened to your challenge, did the discipline go? I think that is the hardest challenge of a trader.

    I’ve just started a new betting blog at www.ricksbettingblog.com and I would like to exchange links with your betting/trading blog. I’m also offering to all blog subscribers a free manual on how to trade the pre-race markets for horse racing and greyhounds if it’s any incentive to your readers.

    Hope to hear from you soon

    Cheers

    Rick

    ReplyDelete
  3. I invite all friends to visit my blog:http://trefix-flatron.blogspot.com/

    ReplyDelete