Analysis Of December 2008

Hello,

the trading month is over, so it is time to do my analysis. Today I will keep it a short blog entry:

This month's loss was a result of impatience and taking short positions. I traded too many Soccer matches. I had two matches where I could not accept a loss and entered in other markets (over/under) to cover the loss from match odds markets. It was wasting time and wasting money.

Overall stats:

December 08: -€17.37
November 08: +€70.10
October 08: +€38.35
September 08: -€11.57
August 08: -€7.74
July 08: +€29.10
June 08: +€25.90
May 08: +€1.36
April 08: +€25.27
March 08: +€3.08

Total profit 2008: +€156.48

That's it for now.

Cheers, Loocie

Do Not Take Short Positions

Hello,

Christmas is already over and now I have time to post my latest trades of the year.

This is not the result I wanted to achieve. I have to rethink about my style of trading American Football. Mostly I take short positions, but I think this will not work when using larger stakes, so I need to work on taking long positions. It is less stressful and I do not rely very much on fast live pictures. During the match Baltimore @ Dallas I identified such trading spots, but I did not take a long position.

That's it for now. I will do my analysis for December later and I will have a review of 2008 and a preview of 2009.

I wish you all a happy new year!

Cheers, Loocie

Soccer, Biathlon And American Football

Hello,

during the last week I had the following trades:

Trading Soccer

Soccer does not work for me this month. Again I forced a trade in the match Frankfurt v St. Pauli. The best method for me is laying a team when the score is still 0-0. I should concentrate on this.

In the match Bochum v Köln I layed Bochum pre match @2.2 which was a low price. I expected Bochum @2.4-2.5, but Köln did not played very well and I scratched the trade. Köln won the match 2-1, but I think it was the right decision.

Total loss trading Soccer: -10.25

Trading Biathlon

Again I had a look at the pursuit in biathlon. I missed one trade after the 1st shooting.
Just before the start of the last shooting the odds on Svendsen were 1.9x-2.0x and this was a typical gambling point. I recognized this and closed the trade with a small loss.

Total loss trading Biathlon: -0.72

Trading American Football

I am happy to post some green figures too :) Both matches were difficult to trade.

Total profit trading American Football: +12.92

There is only one week of trading for me this year. I would be happy if I could turn this month's small loss into a small profit to finish the last month of the year with a green figure.

Stats so far:
Total profit since last update: +1.86
Total loss this month: -4.65

Cheers, Loocie

Forcing Trades And Discovering Sports To Trade On

Hello,

here is an overview of my last trades:

Trading Soccer

All in all I forced the trades. The first match Mgladbach v Leverkusen went against me and I took the stop loss. I did not want to finish the day with a loss, so I put on more trades without having prepared them pre match, a beginner's mistake!

Total loss trading Soccer: -11.82

Trading American Football

This match was difficult to trade. Pre match I expected NYG to win this match. After the first half I had a risk free 6€ bet on NYG, but they lost the game and I made no profit.

Total profit American Football: +0.09

Trading Biathlon

At this weekend I had a look at the winter sports market on Betfair. General I am not interested in winter sports, but biathlon seems to be a good sport to trade on. A race lasts ca. 45 minutes and the way the odds move suits my style of trading. I will have a look at biathlon the next weekend too. Maybe I have found another sport to trade on during the tennis off-season.

Total profit Biathlon: +5.22

Stats so far:
Loss since last update: -6.51
Total loss this month: -6.51

I do not want to chase this loss, but if there is a good opportunity I will put on some trades.

That's it for now, have a nice day!

Cheers, Loocie

Analysis Of November 2008

Hello,

as mentioned in the last blog entry November 2008 was my best trading month so far. Here is my analysis:

Trading Tennis

number of matches I traded: 9
number of wins: 8
number of losses: 1
scratched trades: 0

number of wins > 3€: 5
number of losses > 3€: 1

total win: +37.15
total loss: -7.46 
total pl: +29.69

average win: +4.64
average loss: -7.46
average pl: +3.30

win rate: 89%
max win: +11.83
max loss: -7.46

Firstly, a good result. I knew that the tennis player are tired after a long season, so I picked the matches I traded on very carefully.

The conclusion of this month is: Less is more. There is no need to trade as much matches as possible.

Trading Soccer

number of matches I traded: 16
number of wins: 9
number of losses: 3
scratched trades: 4

number of wins > 3€: 5
number of losses > 3€: 1

total win: +27.31
total loss: -15.26 
total pl: +12.05

average win: +3.03
average loss: -5.09
average pl: +0.75

win rate: 75%
max win: +6.38
max loss: -11.42

Trading Soccer started with a bigger loss of -11.42. I am not sure, if this big loss was avoidable.

Actually I am trading Soccer with a stake size of 10€, but I will raise them in the next year, if my confidence in trading Soccer is a little bit higher than today.

Trading Other Sports

American Football: +22.48
Handball: +5.56
Motor Sport: +0.37

Every sport I traded in November 2008 ended in a profit, which is a really good result for a beginner in sports trading.

My actual trading bank is €264.65, so it is time to readjust my stake sizes. I do not expect very much trading during December 2008, so I will readjust my stake sizes at the start of 2009. I will also set goals for the trading year 2009, but I will do this after a complete review and analysis of the trading year 2008.

Overall stats:

November 08: +€70.10
October 08: +€38.35
September 08: -€11.57
August 08: -€7.74
July 08: +€29.10
June 08: +€25.90
May 08: +€1.36
April 08: +€25.27
March 08: +€3.08

That's it for now. I expect to trade only a few soccer matches and NFL games in December 2008 and I will only update this blog on a weekly basis.

I wish you all the best when trading!

Cheers, Loocie

Best Month So Far

Hello,

here is an overview of my last trades:

Trading Soccer

Trading American Football

Overall stats
Total profit since last update: +18.74
Total profit this month: +70.10

I do not know what to write about. Mostly I am writing about the mistakes I am making, but during this month I did not make many mistakes. I will make the analysis of November 2008 later this week, but there is one statistic I want to mention now:

I traded 31 sport events and I had only 5 losses.

I had many scratched trades, but I think these trades helped me to avoid losses.

That's it for now. Nothing more to write about.

All the best with trading!

Cheers, Loocie