I will give an update of my trades in the last few days:
During Olympic Games I had not very much trading activity in tennis. I traded some matches, but this ended not profitable:
Hantuchova v Sugiyama +€0.45
Bammer v Zvonareva +€4.95
V Williams v Li +€3.99
Blake v Gonzalez -€23.56
Li v Safina +€9.05
I also traded the match Paszek v Cetkovska, a first round match at 2008 Western & Southern Financial Masters Women's Open. I applied a free lay, but I did not take the stop loss. I let my loss run. What a stupid mistake! I lost -€37.79, which is more than I can afford to lose. I think I forced a trade and was not patient enough. If I had taken the stop loss I would have lost only 8€.
During The Olympic Games I watched some sports closely. I think Basketball and Handball are also good sports to trade on. Only liquidity can be a problem. I traded the Handball match Russia v Germany and could make some profit:
I had a liability of only 5€, so it is a nice return on investment. Trading Handball seems to be similar to trading Basketball. Early low odds can give you a very good position to make profit. I will have a look at this issue and try to develop a strategy to make profit in these markets.
I traded soccer in the past, but without success. Mostly if I make a loss, I make two mistakes: I do not take a stop loss and/or I force a trade.
I was a little but surprised about my losses when trading soccer in the past, because soccer is the sport I have the most knowledge, even more than in tennis and tennis is the sport I make the most of my profits.
In my analysis of July 2008, I decided to trade soccer only on paper, but I recognized, this is not the same like trading with real money. I did not made the same decisions, when trading on paper.
The new soccer season has started and I could identify good opportunities to make profit:
I did not force a trade and took stop losses, if necessary. That's trading!
Today I watched the MotoGP race in Czech Republic. Generally we can see many actions of overtaking, more than in Formula 1, so the odds are flipping.
Not very much profit, but it seems promising. There is a decent profit possible and I will have a look at future races.
Later this day I will have a look at German Bundesliga. Maybe I will update later.
Stats so far:
total loss this month: -€18.98
All the best,