Friday 27th April 2007

It has been an exceptionally quite day for the Sports Trader but that didn't prevent a loss on the day. I only trade in 5 horse races and 1 football match.

My day started with a trade in the 14:15 at Sandown where I laid Kilburn for £32 @ 26.00 to result in a profit of £32. My next trade was a small winning one.

Then came a ten minute spell of trades that went against me as opposed to bad trades. The first of these was in the 15:50 at Wolverhampton where I backed Diksie Dancer for £250 @ 1.50 when clear of the field and in the final 2 furlongs only to see her headed at about a furlong out with no possibility of trading out of my position to cost me £250.

Next was worse as I had backed Sunshine Kid for £443 @ 1.11 in the 16:00 at Sandown when clear and on the run in only to see him headed close to the finishing line to cost me a further £443.

My final race trade was in the 16:05 at Punchestown where I laid Iktitaf for £10 @ 3.50 to result in a profit of £10.

My race trading had finished with a total loss on the day of £649.

In this evenings football match between Sunderland and Burnley I only traded in the final 2 minutes of the game with a back of the correct score line of 3 -2 for £154 @ 1.31, before laying off £4 @ 1.19, £60 @ 1.15 and £30 @ 1.11 to leave me with a profit of £35.

So my day had finished with a loss of £615.

Comments

[solidbet]

sorry hear you lost again,
hope tmrw will be better ...

btw shouldnt it be loss of 545 ?

[The Gambler.]

Those two races cost me as well Ray. I could have laid off The Dancer at 1.01, but took my eyes off the screen. Cost me 166. Then my battery ran out on my laptop, and again I could have laid off at 1.01 or whatever. Cost me 100. Still made 128 on the day. Better luck today Ray.

[Ray]

Solidbet,

Yesterday's losses are the type of loss I have to expect when trading the way I do. I just hope they don't happen too often. Good Luck.

Ray

[Ray]

Hi John,

Lets hope we can both do better today. I did notice there were plenty of 1.01 gubbed threads after these two races yesterday, so we weren't alone. Good Luck.

Ray

[troy]

ouch!

The 5 years old EURO made a new high(!?)

Will we finally see a bottom?

whats the sport trader think?

http://globalgold.blogspot.com/

[Ray]

Hi Troy,

I do not follow this markets nowadays, unlike in the past when I traded currencies. I did find another blog with an interesting analysis of the market that you might find usefull:
http://bigpicture.typepad.com/comments/2007/04/euro_strength_v.html

Good Luck.

Ray