Friday 12th January 2007

Well it has been an up and down day today. I am still not feeling 100% and my trading shows that. My first race of the day was the 13:10 at Kelso, where I backed Pay Attention for £266 @ 1.50 just as she was contending the lead about two furlongs out. She did only contend and that was for a very short while as soon she weakened. I did manage to back More Likely for £5 @ 1.84 and £45 @ 1.40 to lessen my loss to £245, but it was a bad start to the day.

In the 13:20 at Huntingdon I backed Sitting Duck for £200 @ 1.25 on the run in for a much needed profit of £50. I then had a couple of small but profitable trades before the 13:50 at Huntingdon and here I backed French Saulaie for £10 @ 2.00 before laying off @ 1.80 and then, when well in the lead backed him again for £400 @ 1.05 for a profit of £22.

My next was the 14:10 at Kelso where I backed Role On for £173 @ 1.55 before laying off for £63 @ 1.38 and  £66 @ 1.40 to leave me with a profit of £44. I had two more small profitable trades before my next mistake. This was in the 15:10 at Kelso where I backed Endless Power for £158 @ 1.55 whilst in the lead with one hurdle to go only to see this one weaken near the line and get beaten by a half length. I did manage to back the winner for £21@ 1.50 to lessen the loss to £147.

Next up was the 15:20 at Huntingdon and here I backed Chopneyev for £84 @ 2.70 before laying off @ 2.29 top give me a profit of £34. My next race was my last, and my best result of the day as I laid Insurgent for £200 @ 6.17 and never saw the need to cover my bet, to leave me with £200 profit. I therefore finished my racing day with a loss of £23.

I decided to trade the West Brom v Luton match. I started with a back of the under 2.5 goals for £100 @ 2.17. When the price eventually dropped I laid £67 @ 2.05 and then £33 @ 1.72. I also bought and sold very quickly a few more times. When the first goal came I had no liability. I traded in and out during half time also. Then in the second half I watched and did not trade until after the second goal. I backed the unders for £80 @ 3.06, £92 @ 2.87 and then a further £224 @ 2.75 and had just set up my lays and been matched for £76 @ 2.59 when I got caught out with a lot bigger liability then I should have. I think my reasoning was that the odds just seemed too high and when that happens there is normally a quick drop in the prices which would have let me lay off my liability and green up with a decent profit on both sides. I was still pretty mad with myself as up until then I had traded the match well. But these things happen and it meant I had a loss on football of £309. This combined with my racing result left me with a loss on the day of £332.

Comments

[Simon]

Hi Ray
Great Blog.Im fairly new to trading and being able to follow the progress of a profesional is a great help to a novice like me.I got caught out on the West Brom/Luton game as well after being in a good position at one stage.But if you got caught as well maybe i wasnt doing too much wrong.As i progress i might have one or two questions for you along the way if you dont mind.Get well soon.
Simon

[Ray]

Hi Simon,
Thanks for your comments. I think I have proven that if you are not totally fit or have other distractions it is difficult to make this job pay. Trading is a great way to make money but always stick to stakes that you are comfortable with. Good Luck.
Ray

[ASA]

Hi Ray.It's a bit strange that you lost on a match that didn't have a goal until the very last minutes of the first half.though all the statistic tools, including soccerstats had pointed to an over match, why didn't you take your conservative trading style? Of course I'm not in a position to advice such a pro-trader as you, but I myself made a decent profit just by following your own trading style.odds had dropped to 1.5 in 30th minutes and I laid the under back.

Anyway, it's a risky business and occasional losses are invitabe, so as always I'm sure you'll get your money back soon! Kind regards

[Ray]

Hi ASA,
I got too greedy. I had a profit at half time but decided to trade again. Good Luck with your trading.
Ray