The Sports Trader has had the first full day of trading for nearly a week. I still only managed to trade on 7 horse races with 1 big loss but I did come out in front.
It does appear to me that liquidity is still quite poor on all the exchanges so out task is made that little bit harder.
My first trade was in the 16:00 at Brighton but this only resulted in a small profit.
My only loss of the day came in the 19:00 at Sligo where I backed High Diving for £222 @ 1.11 to result in a loss of £222. I knew, the second I hit the submit button, that I was wrong on this one but it is not possible to cancel a trade like this now with Betdaq so I had to suffer this loss.
I made up for the loss in my next race, the 19:30 at Sligo, where I backed Indian Love for £21 @ 3.00 and then for £361 @ 2.92. I laid off £19 @ 2.60, £130 @ 2.45, £10 @ 2.20 and £224 @ 1.76 to leave myself with a profit of £335.
In the 19:35 at Newbury I laid Lush for £35 @ 47.00 when well out of contention to result in a profit of £35. I followed this up with a small winning trade.
Next was the 20:05 at Newbury where I laid Propaganda for £19 @ 9.40 to result in a profit of £19.
My final race trade of the day was in the 20:40 at Newbury where I laid Gull Wing for £46 @ 7.60 to end my day off with a profit of £46.
So my first full day back has resulted in a profit of £217.
Finally we received the cheque from Lloyds TSB for the repayment of all bank charges and interest from an old account that my wife used, that I wrote about on 8th May 2007 and 10th May 2007. It has only taken Lloyds 7 weeks to process this payment.
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