Sunday 9th December 2007

The Sports Trader has had another good week after a slow start. I have not been as busy outside of my trading which has left me feeling much more relaxed through the week. Even though I have not been updating my blog every day it is good to see that the number of readers is still strong and I am answering around 30 emails a week from readers with questions about why and how I trade and about my IT set up.

Monday 3rd December  - I started the week off with 7 race trades and 2 under 2.5 goal football trades with no losses. Most of my profits came from the football trading. I ended the day with a profit of £70.

Tuesday 4th December  - This was one of my quietest days of trading for a while. I only traded on 7 horse races and 1 football match and again most of my days £43 profit came from the football.

Wednesday 5th December -  A much more interesting day of trading with some good National Hunt racing. I traded on 1 cricket match, 12 horse races and 1 football match. I started the day off in the morning on the Sri Lanka v England Test match. The match was coming to an end and as England lost their 7th wicket I laid the draw for £211 @ 2.10. I then backed the draw for £56 @ 4.00 and to cancel out my liability  and partially green up, I laid Sri Lanka for £110 @ 1.39 to leave myself a profit of £114.

My horse race trading had been profitable right up until my last trade in the 20:40 at Dundalk. I was trading on the Newcastle v Arsenal match and switched to the Dundalk race when the race was in the final furlong. I had not had time to study the Jockeys colours and made the stupid mistake of trusting the race commentator and ended up backing Strike An Ark for £300 as I thought the horse crossed the line only to find out a few seconds later that the commentator had got the horses mixed up which cost me £300. I do not blame the commentator, it is was my own fault for not checking the colours.

In the football match I traded quite heavily on the under 2.5 goals and managed to finish the match with an all green £210 which brought my day to a close with a profit of £82.

Thursday 6th December - I had a meeting in the morning with my accountant which took longer than I had planned so I missed the early races. I ended up trading on 7 horse races and 1 football match, with no losing trades. Once again football trading provided me with most of my £126 profit on the day. I traded on the Anderlecht v Spurs game along with my son, Oliver. We started with a back of the unders pre kick off and gradually laid off through the first half. We both had an all green position by about the 35th minute, with my son managing a little over 3% gain on his bank and I made £70.

Friday 7th December - A day where I traded on 9 horse races and 1 football match, with no losing trades. The football match that I traded on was between Borussia Dortmund and Arminia Bielefeld, all the pre match predictions were for plenty of goals so the price on the under 2.5 goals was very high. I backed the unders for £200 @ 3.25 and laid all off between 2.87 and 2.60 to leave me with a small profit on the overs and a potential profit of £50 on the unders before the goal feast came. The match finished at 6 -1 so I finished with a small profit to add to my race trading profits which left me with a profit of £52 on the day.

Saturday 8th December - I traded on 14 horse races and 3 football matches with just 1 very small loss on a horse race. My day finished with a profit of £231.

Sunday 9th December - This proved to be the best day's trading of the week for me. I traded on 11 horse races and 2 football matches with no losing trades. My horse racing resulted in a profit of £424 and I made £136 on the football trades to leave me with a profit on the day of £560.

My week finished with a total profit of £1164.

Comments

[footygeek]

Ray, nice to see you had a good week, especially trading the footy. I've been reading your blog a while now and have mentioned it in my blog @ http://footygeek.blogspot.com. Wondered if you could stick up a link for me. Cheers.

[Jimmy]

Hi Ray

Congratulations on another good week. I noticed that you have not been on the snooker this week (UK Open), was this due to a lack of opportunities or you just did not watch it? Because of the very nature of snooker with its ups and downs do you have any particular trading strategies purely for snooker?

All the best

Jimmy

[BetStories.com]

Morning! Your article is included in Trading profits and Spoiling it all (http://www.betstories.com/latest/trading-profits-and-spoiling-it-all.html ) of BetStories.com (http://www.betstories.com ). Congrats on that performance! I'm sure there will be more of those weeks to follow!

[Dublin Goat]

Keep up the great work Ray.
Have a great Crimbo and here is to a healthy and profitable 2008.

Cheers and a Guinness from Dublin
Gareth the Goat.

[Raymond]

Thanks for stopping by at blog (www.reimondsblog.blogspot.com.my). Very interesting stuff u got there. Now i know where spend more money!!! haha, just joking. Good profits for you there, may the turning of the new year will not turn your good fortunes pear shape!!! Cheers!!!

[Ray]

Thanks for all the comments left here. I will add links to the blogs mentioned over the next couple of days.

Ray