Monday 22nd October 2007

A good start to the week for the Sports Trader with 10 horse races and 1 football match traded and just 1 losing trade.

I started my day with 2 small but profitable trades. Just to refresh peoples memory I call any trade resulting in a profit or loss of £10 or less as a small trade. My next trade was the best of the day and came in the 15:50 at Plumpton where I laid Ballyhoo for £209 @ 2.00 before backing back £54 @ 5.00 and £40 @ 6.00. Later I laid a further £31 @ 5.00 to result in a profit of £146. I followed this with 2 more small winning trades.

In the 15:30 at Wolverhampton I laid Cap St.Jean for £66 @ 3.50 before backing back £22 @ 4.20 and £19 @ 6.07 to result in a profit of £25.

The only losing trade of my day came next in the 15:40 at Pontefract where I had laid Siberian Tiger for £31 @ 2.00 to lose £31. My next 2 trades both resulted in small profits.

My last race trade of the day was in the 17:20 at Plumpton where I backed Ocean du Moulin for £519 @ 1.05 when well clear in the final furlong to result in a profit of £26.

My race trading had resulted in a profit of £182.

In the evening I decided to trade the Newcastle v Spurs football match. I thought the odds on offer for under 2.5 goals were very generous so I backed the unders for £100 @ 2.22 before kick off and then for a further £38 @ 2.09 just after the kick off. I started laying off about 6 minutes into the game with lays at 1.98 for £38, 1.88 for £25, 1.82 for £25, 1.76 for £25 and finally 1.58 for £25. I was now in a position of no liability on the overs but a potential profit of £50 on the unders. I then put a lay up at 1.35 for £37 which would have given me an all green of £37, but alas a goal was scored before my trade was matched on the Daq. I decided to wait for the price to drop to see if I could trade out with a reasonable profit but the goals kept coming so I ended the match with no profit or loss from this trade. I did however back the correct score of 3 -1 for £98 @ 1.91 in the 80th minute which I laid off 1 minute later @ 1.76. Later I backed the same correct score for £18 @ 1.61 and laid this off @ 1.50 before a final back @ 1.40 for £28  which was laid off @ 1.20 to leave me with a profit of £22.

My day had finished with a profit of £204.

Comments

[Clive]

Hi Ray,

May I also add my belated welcome on your return and that of your blog. It is so good to have you back. like others I have missed you but through speaking to you earlier guessed that your domestic problems were being a strain, however, it was of great concern I now learn of your health scare, however, like John (The Gambler) and now recovered from cancer myself I am sure this will give you a more positive outlook on life. I am only glad it was nothing serious for you. I wish you well, good luck in your trading and do remember to try and give yourself some quality time to relax and not feel guilty to pamper yourself a bit. I found that by getting out into the fresh air also helps as being stuck in front of a PC can be a strain. All the best Clive Southampton.

[Ray]

Hi Clive,

Thanks very much for your kind words and support. There is nothing like a health scare to give you a new perspective on life. I have always lived prety healthily but I just need to reduce stress levels. It's not easy to do with the children to look after.

Good Luck.

Ray

[Jon]

Hi Ray,

May i also welcome you back, im glad to see your scare wasnt too serious and its good to see you back on profitable form.

Keep well, and keep up the excellent blog.

Jon

[Ray]

Hi Jon,

Thank you for your comments and good wishes.

Good Luck

Ray