Thursday 31st May 2007

It has been another slow day for the Sports Trader. The good news is that I now have Be broadband on line but my new computer is not ready yet, it should be with me by early next week. So far I am very impressed with the service from Be broadband but I will wait until I get my new computer before trying it out for speed. I think the fact that I know I am losing out on trades, due to my existing computer and internet connection both under-performing, I am not really trying to trade in my normal way. I did trade on 8 horse races today.

My first two trades were both small winning ones. My first loss of the day came in the 16:20 at Ayr where I laid Trance for £13 @ 6.20 to loose me £68.

In the 16:50 at Ayr I laid Prospect Place for £90 @ 5.20 when sitting in third position and making no headway on the leaders to result in a profit of £90.

Next was the 17:20 at Ayr where I backed Baileys Outshine for £767 @ 1.10 whilst in the lead and close to the finishing line to result in a profit of £ 77.

In the 20:10 at Sedgefield I backed Thedublinpublican for £57 @ 2.41, intending to lay off but was caught with no possibility to trade out to cost me a loss of £57. I had two more small trades to finish my day, one of which was a loser and the other a winner.

My day had finished with a profit of £48.

That is the end of another month and one that has seen me struggle to maintain the level of profitability that I had been getting used to this year. I finished the month with a profit of £4463.

Comments

[Talkbet]

Hi. Congrats on a decent profit for the month, even if its not at the level you had got used to! Quick question, just wondering how do you choose which races you are going to trade ?

[The Gambler.]

Well done Ray. $K still not too bad for a monts effort.

Do you think you are missing trades due to the "SIS" factor as well?

Cheers.

[Ray]

Hi Talkbet,

Thanks for your comments. I look to trade in every race. It is only when I see a price that I think is wrong according to where a particular horse is in the field and how it is running that I will trade. As you can see most times this works for me but I do get it wrong sometimes.

Ray

[Ray]

Hi John,

It's not too bad a result but I just feel that I have not performed too well. I do think I would get on better with SIS but I am waiting to see what happens with both SIS and Turf tv before I take the plunge. Good Luck.

Ray

[The Gambler.]

Once you have your new IT setup, if you are syill getting picked off you will know it is the "SIS factor, and can react accordingly. :-).

[Jen Hood]

What difference will a new PC make? Putting £700+ on a 1.10 shows you are still prepared to bet on your current PC.

Surely the reason why you have not had as many bets lately is because since 0% commission was stopped liquidity has been dreadful.

[Ray]

Hi Jen,

I am still making some trades but you will see I am doing far less than a couple of months ago. The new PC and faster internet connection will give me the confidence that I have as fast a system that I can possibly get. It may just be this physcological edge that I am lacking, but if the new pc gives me it then it is money worth spending.

I do agree that liquididty has not been as good recently but then that is the same with all exchanges and although the commission rises may be to blame it may also be because we now have a lot more tennis, golf and cricket to trade on and I know that many full time traders prefer to trade these sports.

Good Luck with your trading.

Ray