Update

Hello everybody,

I am still alive! A really long time since my last blog post. There are two reason for not posting that often in the moment: Firstly time is really limited. I am still working from 9 to 5 and doing the horses as well, so every free minute is appreciated.
The second one is that I do not have to say anything interesting. I am posting my profit/loss figure on a daily bases on the right side via twitter, just to keep you updated.
The horses are doing really well. March is already with 96.48 points in profit and with Cheltenham in front, I am really excited what March in total will bring.
On 2nd of April Muxor and me will attend a football trading seminar in Manchester. We will arrive on Friday and we will stay there until Sunday. It is the first time that we get in touch in real life with other traders and I am really excited about other people’s background, motivation and ideas about sports trading and betting. 
That’s it so far. I will keep you updated about the trading seminar and maybe other stuff, too ;-)

Cheers,

Loocie

Germany – Spain 0:1

Hello,

I am not in the happiest mood, because yesterday we lost the semi final of the World Cup 2010 against Spain.

I am not disappointed, I am sad that our team could not perform their best. Spain won the match well deserved and I hope they can win the Cup on Sunday.

I also want to mention that I am proud of our team: They gave us so many great moments and if we lose against a better team we need to accept that.

Cheers, Loocie

Argentina – Germany 0:4

Hi,

what an incredible match it was versus Argentina! It is hard to describe what I am feeling right now. It feels a little unreal, but it is cool :)

I watched the match in the same location I watched the match versus England and again it was amazing! What a really stunning performance from Germany and I am so happy we made the semi final again.

It is great to see, that it does not matter if you have a few super stars in your team like Messi, Ronaldo, etc. Football is still a team sport and if you play as a team you can beat every other team which only relies on the performance of their super stars.

Cheers, Loocie

June Roundup

Hello,

June is over and I will take the time to give an update how I did.

The semi manual HorstBecker produced a total profit of 64.74 points, which is ok.

After last months performance I expected to get more out of it, but I can not complain.

I am progressing on the football value system. The database model is already created and I will start coding the other components and the user interface. I am not yet sure if I will create an AJAX based application or a common web site, because the aim is to make the web based system available for mobile devices, too. So it can be used without having a laptop or pc available. This month I bought a HTC HD2 mobile device which is a great device. I like the idea to get a notification via email or SMS from the system when new selections are available and place the bets via mobile device.

I will keep you updated.

Cheers, Loocie

Germany – England 4:1

Hello,

what a great match it was…for Germany!

I know we have some blog readers from the United Kingdom and I know it is brutal to see the own team losing…but I think it is worth to mention the incredible win against the Three Lions.

To be honest, yes, the shot from Lampard was a goal and the score had to be 2-2. Is this poetic justice, is this the reverse Wembley goal? The question is simple: It does not matter! The far better team won the match well-deserved.

I watched the match in a beach area and the atmosphere was amazing:

Cheers, Loocie

Shaky Month

Hello,

Sunday morning, a good time to do a proper blog post. The FIFA World Cup 2010 is underway and I watched many boring low scoring games. Is the vuvuzela sound the reason for having such boring uneventful matches? Hopefully the final group stage matches will bring some more excitements.

What’s up on the horse betting bot front? June has been a shaky month so far.

Currently the semi automated HorstBecker is 34 points in profit. I expected Royal Ascot to give the month a boost, but it did not. At the moment not a huge profit compared to last months stunning performance, but still a profit. There are many “services” out there which would be happy to claim a monthly profit of 34 points or more, so I can not complain.

At the moment I am working on a football value betting system. I have the whole system including the technical aspects detailed in my mind and today I started creating the database model. I am sure this system can be used by many people, because there is so much liquidity available, so I will create a web based system for that. I am not sure if it will be available for everybody or just for a closed group, not yet decided. The first step is to get it running until the new football season starts. This means a lot of work, but I will keep you updated how I am progressing.

That’s it for now. Have a nice Sunday!

Cheers, Loocie

Analysis of April 2010

Hello,

it has been quiet during the last few weeks. I did not write anything about my trading, because at the moment I do not have any interesting stuff to say and I do not want to repeat the same again and again.

However, I traded some sports events, so let’s have a look how I did:

Horse Racing: -€84.54
Worst month for the lay selections so far. I decided to stop it for a while. I will restart the selections again, but have not yet decided when to do that.

Motor Sport: -€11.00
Just a small bet on the winner market of the China Grand Prix, which did not work out. I am really sad about the new rules of the season, because now there is not much activity in the fastest lap market like last season. Maybe I have to skip this sport.

Soccer: –€21.93
Currently I am testing a few ideas with small stakes, so nothing to worry about.

Tennis: €67.97
I love trading tennis and I hate trading tennis. Will it every work for me?
I don’t know how much I wrote about trading this sport, but maybe it was way too much.
After the first down swing of the tennis trading in April I took a break and tried to erase all of my “knowledge” and of course all of my prejudices about the sport and about the odds movement. Then I tried to trade the matches with intuition. That means I used various stake sizes, depending on how confident I was about the trade. I also placed some bets based on value. The value investing concept is simple: Just place a bet or start a trade if the odds are wrong. Therefore you have to deal with losing runs, but that is just a matter of money management. The problem with the concept of value investing is how to estimate the true value of a bet. On long term your results will tell you, if your selections offered value or not.

Total P&L:  -€49.50

Another month of learning the hard way. The funny thing is I already wrote about those issues before, but it is quiet different to know the facts and to be aware of them.
I know the facts, now I need to be aware of them.

Cheers, Loocie

Analysis of March 2010

Hello,

same procedure as every month. Here is an overview how I did:

Personal Trades

Football: €14.21
I traded the Correct Score market a few times. There is much potential in this market, but I need to be more selective with the matches I trade on. I was well in profit, but then I got a little too confident and traded too many matches and gave much profit away. Being selective is the key. That is a huge task for me for the next month.

Horse Racing: €35.37
A solid month for the manual lay selections. Was a little disappointing to finish the month with a losing selection, but it was just a question of time to hit a winner.
I am now doing the manual lay selections for more than a year and I am very confident with it.

Motor Sport: -€48.99
I burned my fingers during the first two races of the new Formula 1 season. Trading the fastest lap market seems to be totally different with the rules. There is less activity in the market compared to last season.
I tried a few new ideas, but it did not work out.

Tennis: €12.00
At least I have green figures on the tennis trading front. In March I tried to observe myself during the trades. I think my problem with trading in general is, that I do not have a specified goal. I need some kind of gratification for having a good trading month. Currently I am still on my bank building period, so the only thing I know for the end of the month is that I will have a bigger trading bank for the next month, but that is not a gratification for me. Therefore I am sometimes forcing trades to push the bank to a higher level. At the moment I am far away from a professional approach.

Total P&L:  €12.59

Another disappointing month, but at least one with green figures. During the month I had a profit of €120.00 but then I forced too many trades and gave much of the profit away.
Therefore I will set a profit target of €100.00 for April.

Betting Bots

HorstBecker
March produced a profit of 74 points, but still in simulation mode. We placed the bets for the Cheltenham Festival and got a decent profit of about 40 points.

Today the bot will place its selection live on Betfair again. Let’s hope for another solid and profitable month.

LaylaCheval
March produced a total loss of 50 points which is really disappointing. We had some technical problems with the Betfair API again and the so called BET_IN_PROGRESS issue. It is still not solved, so we missed some profitable selections. We also decided to stop the bot on the Cheltenham Festival after the bot laid a high priced winner. Was a really bad decision. Overall the Cheltenham Festival produced a small profit of a few points, but only on simulation mode. There was also a profitable Sunday, but Betfair did not work on that day and we missed another profitable day. If everything would have been fine the bot still would have produced a loss of 5 points in March.

That’s it for now. Will post later possible lay selections.

Cheers, Loocie

Chievo v Catania

Hello,

Currently I am doing some research on value betting on soccer matches. I am not an expert, but this pre match odds looks special:

Does anybody has information why the draw is favourite here?

Cheers, Loocie

Analysis of January 2010

Hello,

this month was not the best one for me. “Disappointing” describes it the best.

American Football: -€34.72
Hmm…What to say about it? My strategy did not work the way I expected it. Maybe I am looking for too big odds movements. Need to do some more research.

Basketball: €1.88
Did not traded really Basketball. This figure just came from developing the bet matching for a bot.

Horse Racing: –€17.70
I started well with three profitable selections in a row at decent odds. Then two losers turned the month into a negative one. This can happen, so I am not too worried about. There will be better months for sure.

Soccer: -€1.39
I had two bets this weekend: B Munich v Mainz on Over/Under 2.5 goals market and Stuttgart v Dortmund : Match Odds market. The later one lost, so I made a small loss.

Tennis: –€14.52
The first month of a tennis season is always a tough one. There is really much uncertainty about the players form in the first few matches.
One of my main goals during 2010 is to become more professional in the way I am trading. I kept record of my trades and if you have a look at the numbers, it is not that bad, except the strike rate:

Total Trades 35
Win Trades 15
Loss Trades 19
Scratched 1
Strike Rate 44.52%
Average Win +10.24
Average Loss: –8.85

Generally I have a strike rate of 55-60% of profitable trades. This month I was not patient enough. I entered too many matches. Here is a graph of the progress of the P&L figure:
 

There is much space for improvement.

January Total P&L:  -€66.45
A disappointing month and a disappointing start into the trading year 2010, but this is just a bigger motivation for me for the next months. I know I can do better and I am sure I will.

What about the betting bots?
They are currently running in simulation mode and it seems the horrible weeks are behind us. I need to apply rules to protect the bank roll from those bad runs with daily maximum allowed losses. This might reduce the possible profit, but it also helps to stay in the game.

This week Betfair’s API service was totally crap. Today the API service was down again for sixth time this week alone.

LaylaCheval could have produced a profit of 50 points this month with the new filters and rules. I will work out the past results with the new filter and if this works I will give it another try.

HorstBecker is not yet performing as expected. I have not yet done all the research and analysing of the results with new filters and rules. So still a lot of work in front.

That’s it so far.

Cheers, Loocie

Bot Performance

Hello,

a long time since the last update about my betting bots. I used the last few weeks for developing on the bots and on the central tracking platform. This is a web based system showing the stats and bets of all the bots.

The bad news for the horse betting bots is that I had to turn them back into simulation mode. Right after we started them running with bet placing something changed to horse racing. Not only our bots but also other punters and traders struggled with their performance. JP, Brian and if I remember correct Talkbet also struggled with their performance on the horses.

However, I am still convinced that both bots, the laying and the backing bot, can produce decent profits. Currently they are running in simulation mode and there are signs that the bad might be over. We have still two weeks to go in January, so I will give an update about the performance at the end of the month.

I finished my work on the betting bot framework, so now I am able to adapt a sport quite easily to this framework.

Currently I am working on bots for other sports, too. The aim is to let them run in simulation mode as soon as possible for collecting real time data.

To give you an idea how the bots look like, here is a screen shot of the soccer bot I am currently working on:

(Click on image to enlarge)

I had to hide some areas of the screen shot, because they give to much details away about what the bot is doing.

This week I finished the work on a bot for NBA matches. It was quite difficult, because most of the matches take place during the night and I had to log all the data and evaluate them the next day. However the bot is working reliable and since January, 10th it placed 10 bets winning 4 of them and losing 6 of them. The bot is currently 1 point in profit. Nothing to be euphoric about, but seems to be a good sign.

What will be the next steps:

1. Finishing work on the soccer bot.
2. Starting work on a pre race horse trading bot.
3. Creating a bot for baseball.

The soccer bot will be finished in two or three weeks. The baseball bot has to be ready at the beginning of April when the regular MLB season will start, so no need to rush.

The most interesting work will be the pre race horse racing bot. In the past I worked on a Pre Race Horse Racing Analyzer. During the last week I got an idea about a more professional way to analyze the data. Will give an update later when I started the work on that kind of software.

I also had some personal sports trading. Will give an update later this week.

That’s it for now!

Cheers, Loocie

Review and Preview

My 2nd year of trading on sports is over. Let’s have a look how I did:

Review of 2009

Tennis: 
I started well with a pleasant January profit of +€32.77 and a fantastic February profit of +€129.74, but then I totally lost my confidence. I had a couple of losses where I made some stupid mistakes. My staking was also too aggressive and I had too big liabilities during the trades. I cut my winnings and let my losses run.
Then I took some time off from trading tennis and late in the season I decided to start again with €20.00 stakes. I changed my style of trading to just focussing on laying low odds which was really an improvement. I did not track my results as I should, so I can not give an exact overview how I did. Tracking results will be an issue for 2010.

Soccer:
Did not trade that much soccer, but had a few bets and trades. I tried to use Soccer Mystic and trade soccer matches, but that will not work for me. It is too boring to watch a match and the odds closely. I think I will keep having an eye on pre match odds and if I can identify a good value (like Germany v Russia) I will put in a bet. I did not track my soccer bets, but I am in a small profit.

American Football:
I was not able to trade many matches, because my Pay TV subscription expired. I started to follow Stock Lemon’s picks. I was a little lucky, because I missed some losing bets. According to a stake of €10.00 I made +€56.66.

Formula 1:
This sport was my main income source for this year. I made +€307.08 during the year. Mainly I focussed on the fastest lap market, but I also had a look at some other markets, too. There is so much value in so many markets. I learned from my mistakes of 2008, where I could not accept a loss and put more and more into a bad position.

Horse Racing:
Three years ago I started to select some false favourites on horse racing. I only paper traded those selections and it did not pay off. So I stopped it.
This year I had a look at the excel file I created in the past with the past selections and I applied some filters. If I was more patient the stats suggested a decent profit.
At the end of March I started again paper trading my lay selections with a far more patient approach. At the end of May I started putting money on the selections with a bank of €100. I started with a maximum liability of 5% of the bank. During the last two months I raised my liability to 10% of the bank. I doubled the bank in eight months, which is a pleasant result.

Betting Bots:
I was always fascinated by having a betting bot. I started developing my first Betfair API application in June 2008. I wanted to develop a mobile Betfair application for Windows Mobile devices.
In June 2009 I started to develop a betting bot.
Currently we are running two bots for horse racing. One for backing and one for laying.
It is quite disappointing that both started really well, but now they are performing not as expected. I double checked past results and source code of both bots. There is no bug. The bots are working reliable and they do the work correctly. Only the results are quite different to the past results. 
It might be possible that in the near future both bots will run in simulation mode again.
Currently I am working on the next betting bot. I have still many ideas I want to automate. Once a bot is created it just need to run and track data in simulation mode. 2010 will be exciting!

Conclusion:

The Numbers:

Starting bank: €250.00
Current bank: €825.56 (+230.22%) 

Biggest single profit: +€79.11
Biggest single loss: –€50.47

The Staking:

Staking has been always an issue for me. I tried to adapt staking rules from other traders, but this did not work for me.
Generally, I am a fan of the KISS principle: Keep It Simple and Stupid!
That’s what I did with my style of trading this year. No complex strategy, just lay low.

Patience:

With my horse laying selections I learned that it is better to stay away, if there is no good opportunity. If you can avoid losing money, you will win more money. Forcing trades and getting in too often and too early was a main problem during the last two years.

Tracking Results:

I have not been good in tracking results, especially in tennis. That’s also a reason why I can not write down my complete stats for tennis trading.

Setting Goals:

At the start of 2009 I set myself a goal to reach a net profit of €1000.00. Did not reach this goal. I have learned this year, that it is not about chasing numbers.
It is about getting a professional approach:

• Apply always your trading rules
• Track your results
• Learn from mistakes (and avoid doing them again)

Preview of 2010

I will split this section into two parts: Personal Trades and Betting Bots.

Personal Trades

In 2010 I will focus on Tennis, Formula 1, Horse Racing and American Football.

Staking:

Tennis:
I will keep it as simple as possible: I will trade with a fixed staking and I will start with a stake size of €50.00.

Formula 1:
Stake size will be €20.00 to €50.00, the same like 2009.

American Football:
Stake size will be €20.00.

Horse Racing:
Will continue with a liability of 10% of the horse racing bank.

What about setting goals?
Chasing random numbers will not work for me, so I will not set me a goal to reach a certain amount of profit.
I want to turn my trading into a more professional one, so I want to concentrate on trading behaviour (applying all my rules, patience, etc) and tracking all my results.

Betting Bots

I have several ideas for automated betting. Along with the horse racing bots I am currently working on a bot for American Sports.

The goal for 2010 is to create a least one reliable bot and to create a solid income stream from it. I think in a few month I will have a couple of bots doing their work. Maybe some of them will only run in simulation mode for a while. There is no need to rush. Sooner or later they will do their work once all the parameters are found.

Changes to the Blog

I will also apply some changes to the blog. I will outsource the horse laying selections to a newsletter tool where people can subscribe/unsubscribe to. Currently I am still looking for a comfortable piece of software.

That’s it so far.
I wish all of you a prosperous new year!

Cheers, Loocie

Analysis of November 2009

Hello,

Another month is over and it is time for a summary.
The way I am working on Betfair changed a little during November, so I will change my analysis too. There will be a part handling the betting bot performance and a part related to my personal trades:

Personal Trades:

American Football: €47.20
I was a little lucky this month. Missed a few bets, because I was not at home to place some bets. The bets I missed all lost.

Horse Racing: -€20.77
My horse laying selections did not worked well this month. It was quite difficult to identify good laying opportunities, so I just had a few bets. Three of those won so I finished the month with a loss.

Motor Sport: €15.40
A small profit from the start of the month. Nothing interesting to say. I am looking forward to the next season.
Will Schumacher come back and drive for Mercedes GP?

Soccer: €10.52
Inspired by Psychoff I had a look at trading on soccer with Soccer Mystic. The good news is that I know how to trade on soccer. The bad news is, it is really boring. I do not enjoy trading on soccer. It is quite exhausting to watch the matches and the odds closely. Quite different to trading tennis.

Tennis: €45.17
I am happy about the result of trading tennis for November. There were not many matches, but I traded really well. During the last three months I think I have found my way of trading tennis: Just lay low!
That’s it. The earlier you lay low, the higher is the chance that the selection you laid will trade at higher odds. There are matches were I can not identify such a situation, but if so, then I do not trade this match. There is no reason to waste money.
Staking has been a big issue for me on trading tennis during the whole year. During the last three months I always traded with a fixed stake of €20.00 which worked quite well. With that staking it is also easy to evaluate my trades afterwards. For the next tennis season I will raise that stake size, but I will write about that in detail in my preview of 2010. I just need to avoid over staking, a mistake I made this year and which let me struggle during the mid season in tennis.

Total P&L: €97.52
Overall a really pleasant profit for the month. My time/trading ratio decreased too, which is another motivation. I do not need to fight to make a profit like this. Just need to do, what I know.

Betting Bots:

Both bots started exceptional profitable, but this month was not that good as the past months on simulation mode:

HorstBecker
LaylaCheval
  
HorstBecker had a really awful month, but I assume this should just happen to separate the boys from the men. We need to have balls and trust the system. There will be winning streaks and there will be losing runs. You can not avoid one of them. You need to deal with both. Have a look at an article from Harry Fox:

Losing Runs versus Winning Runs in Horse Race Betting

Layla had a profitable month, but made all the profit in the first two weeks of November. The last two weeks have been not that good and Layla produced a loss. All in all LaylaCheval made a decent profit in November, but we just started putting money on it from mid November. It had to happen to start with a loss :)

At the beginning of the month I was watching many of the races the bots were involved, but this will make you crazy. I will not do it anymore. It is too stressful. Sometimes you win, sometimes you lose. A single race or a single days is not important. Getting a long term view is what you need, if you are doing something like that.

Both bots are now running on a windows server. No need to run a personal computer for the bots. We just need to log in the windows server via remote desktop and we can watch both of them working. The bots are doing their work reliable. No crashes, no bugs so far.

There are still a few things to work out:
Firstly, we want to have a central tracking platform for tracking the bets and market activities on Betfair for both bots. So we want to be able to have a real time overview about both bots performance. This also includes to get a daily report about the profit/loss figure and other indicators.
Secondly we want to implement a reporting and alert system to get emails and SMS when there is an issue with the bots or with the Betfair API.
You see, there is still a lot of work in front of us.
I will keep you updated.

Cheers, Loocie

Soccer Mystic Trading Lab

Hello,

currently there not many tennis matches around, so I started an experiment on trading on soccer. I purchased the Bet Angel trial for 30 days for 15 pounds. This includes Soccer Mystic too. The goal is to get comfortable with Soccer Mystic and the soccer markets on Betfair. The first game I traded was Germany v Ivory Coast on Wednesday.

 
I traded soccer in the past too, but today my style is different. In the past I was looking for value bets inplay, but today my entry and exit points are based only on odds movement, so I will not depend on the outcome of the game.

I traded the match above with EUR10 stakes. There is to goal about making a certain amount of profit during the trial period. I just need to learn and understand the market movements. If I can stay in profit and pay the trail period charge for Soccer Mystic with the profit I make I will be fine.

Cheers, Loocie

Analysis Of October 2009

Hello,

another month is over, so it is time to review the results of the month.

American Football: -€7.64
The selections of Stock Lemon did not perform that good in October. Overall there is still a profit, so no problem with that.

Football: €20.90
Just one bet on Germany versus Russia. Great value and nice profit.

Horse Racing: €19.60
The lay selections had a tough month. Two losers at the start of the month. Then we had 10 days without selections, but the patience paid off. Five winnings in the row secured the profit. I used a fixed liability staking of €15.00 per selection.

Motor Sport: -€5.79
Just two races in October: Brazil and Japan. It was not possible to trade the fastest lap market, because there was no liquidity. Tried to discover other markets, which ended in a small loss.

Tennis: €53.35
A really decent result so far. Could have been better, but yesterday I lost on V Williams v Jankovic. This was a great lesson, because I saw what was my mistake: I tried to trade momentum. Trading momentum in WTA tennis matches is the worst thing you could do. Just keep patient and lay low. That’s what I did the whole month except the match yesterday.

Total P&L: €80.42
A nice profit for the month. Currently my maximum stake size is €20.00. Raising stake size is definitely a task for the next year. That’s something I struggled with this year.

The tennis season is nearly over, so I will spend more time on developing the trading bots.
HorstBecker is a bot I developed, which bets on horses. At the moment it is running in simulation mode and showing promising results.
LaylaCheval is a bot, which lays horses. It is also running in simulation mode, but I need to do more coding, to make it easier to get the daily profit/loss figure.
At the moment Muxor is doing all the daily reporting manually, which is a lot of work.
The goal is to have two bots, one for backing, one for laying, which do their work fully automated.

That’s it so far. Will post later possible lay selections.

Cheers, Loocie

Good Results

Hello,

Here is an overview of the trades of last week:

American Football: €20.21
After a bad last week Stock Lemon came back with a 3-1 record. It is always good to come back with a profit after a heavy loss. I am looking forward to next week.

Horse Racing: -€6.33
The lay selections seem to struggle a little at the moment. It is difficult to identify so called false favourites. This month’s strike rate is only 50%. October is not yet over, so I hope there will be some further selections to turn the lay selections into profit.

Soccer: €20.90
It is not usual for me to bet or trade on soccer, but Germany’s odds of 3.2 against Russia was a risk of a tenner worth. I think it was huge value. I expected Germany to be favourite. It was a gift. Thanks for that.

Tennis: €20.83
The good run on tennis continued. I traded on 17 matches, winning on 6 matches, losing on 6 matches and scratching on 5 matches. I traded every matches with a stake of €20.00. I am using a simple low risk strategy and it seems to pay off.

Total P&L: €55.61

Cheers, Loocie

Cologne v Frankfurt

Hello,

Here are some impressions from yesterdays Bundesliga match Cologne v Frankfurt:

   




What a shame the match ended 0-0. The atmosphere was really great. Live sport events are full of emotions and feelings. It is really fascinating.

If you have an opportunity, enjoy such events!

Cheers, Loocie

Borussia Dortmund vs. Real Madrid

Hello,

Yesterday I visited the friendly match Dortmund vs. Madrid. Here are some impressions:

 


Final result: Dortmund v Madrid 0-5.

Cheers, Loocie

Analysis Of February 2009

Hi,

another month is over, so again it is time to analyse my trades. In February I traded on soccer and tennis.

Trading Soccer
The screenshot above is from my trading excel sheet. Since July 2009 I track as much data as possible. Keeping records help you really much, because you can have a look at trades from the past with a more objective view.

Total loss trading soccer: –18.22

Trading Tennis
number of markets I traded: 30
number of wins: 18
number of losses: 9
scratched trades: 3

number of wins > 3€: 14 
number of losses > 3€: 8

total win: +204.90
total loss: –75.16
total pl: +129.74

average win: +11.38
average loss: –8.35
average pl: +4.32

win rate: 67%
max win: +27.48
max loss: –17.14

I am still making mistakes, when trading, but I recognize them early and stick to my rules. My maximum loss was –17.14, which was 6.16% of my trading bank (€278.39). The stats above indicates I am on the right path.

Total profit trading tennis: +129.74

What is the conclusion of February 2009?
Trading soccer was not very successful, but trading tennis worked really good. At the start of 2009 I set myself a goal to achieve €1000 profit on trading. I will stop doing experiments with other sports than tennis. If I stick to my rules, it would be much easier to achieve this goal and if I achieved that goal, I will setup a 2nd small trading bank for discovering other markets. I am really interested in trading snooker, darts, golf and basketball.
I made +€111.52 (increase of 40% of my trading bank) during February 2009, so this is the best performance since I started the blog.

My new stake sizes:


Using stakes like €77 instead of €80 or €55 instead of 50€ can give you a small advantage, because you can type these figures faster. It is not a big advantage, but sometimes this can be the difference to get matched or not. It is also easier to the remember figures like this.

Overall stats:
Year 2008: +€156.48
January 2009: +€28.39
February 2009: +€111.52

Cheers, Loocie

Lots Of Trades

Hello,

it was a quite busy week with lots of trades in tennis and soccer and here is an overview of my trades:

Trading Soccer I was really upset about the loss of Germany against Norway. I backed Germany pre match @1.5 and was quite confident about Germany to win this match. However, they lost and I lost money, but I would back them again at these odds, because I think it was value.

Total loss trading soccer: -23.25

Trading Tennis I trade 16 markets with 8 successful trades and 5 losses. I made one bigger mistake in the match A Bondarenko v Schnyder where I took my intended stop loss too late.

Overall I am quite happy about the way I am trading tennis these days.

Total profit trading tennis: +35.42

Stats so far:
Total profit since last update: +12.17
Total profit this month: +72.71

Cheers, Loocie