Hello,
here is an update of my last trades:
Trading tennis:
It is all about taking stop losses, if necessary.
Trading soccer:
I also traded the match Germany (W) v China (W) of the Olympic Games. Betfair shows this match under Olympic Games category, so I could not include this match into the screen shot.
I was concentrated and patient during the last few days. I have to remember, when trading that there is no secret of trading sports on Betfair, you only have to take stop losses, if a match does not develop as predicted.
This month tennis trading was awful, but other sports helped me to stay in profit. That shows, that I 'only' have to be disciplined and patient.
This weekend is another Formula 1 weekend, so I hope I can trade the fastest lap market again. Later this day we have German Bundesliga, so maybe I can trade a soccer match, if there is a good opportunity.
The next weeks will also be very interesting:
2008 US Open starts on Monday. I also will have a look at Northern Ireland Trophy of Snooker. Snooker is a sport, which should suit my style of trading and I want to follow the matches and the odds closely.
Regular season of American Football will start on September and there is also profit possible.
I am really excited about the next few weeks and months and I hope I can apply my strategies on the different sports.
Stats so far:
total profit this month: +€11.45
Alistair, the blogger of Bet Your Live Sports Trading asked about using a chat room to share ideas and strategies when trading. Maybe it is possible to trade a soccer match together with other traders. I think it is a really good idea, because when trading with others you have predictions and information of a match from different people with different opinions and this may help all traders.
That's it for now. All the best with trading!
Cheers, Loocie
Posts
2 comments:
You have a great level of discipline Loocie and it’s too true about there being no secret to Betfair trading. Most beginners spend hours testing out strict ‘systems’ which ultimately fail because the markets are living things. When the ‘system’ fails they believe there’s some kind of secret out there and then waste time looking for that. The only ‘secret’ is hard work as some people seem to think they can make profits by sitting back and watching the money roll in!
All the best, John.
Hi John,
thank you for leaving a comment.
I agree with you, following a system is not often very successfull. Hard work and following your rules is very important. Actually my level of discipline is not bad, but I have two or three trades per month where I waste money.
It is nice to see you started trading football. I will have a look at this and wish you good luck with trading.
All the best, Loocie
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