here is an update of my last trades:
It is all about taking stop losses, if necessary.
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!