The Sports Trader was having a reasonable day until the football where I can only conclude that greed got the better of me. I traded on 11 UK horse races and 1 football match with just one losing trade.
My first 5 race trades all resulted in small profits. In the 15:00 at Carlisle I laid Black Smoke for £30 @ 12.00 to result in a profit of £30. The remaining 5 race trades of my day all finished with small profits.
My race trading had produced profits of £65.
Now the football match between Coventry and West Bromwich Albion. I backed the under 2.5 goals for £106 @ 2.10 before kick off and then laid all off within 5 minutes @ 2.00 as I had to make a few phone calls. When I got back to the match, with the score still at 0-0, I backed the unders for £600 @ 1.50 and proceeded to lay off @ 1.41 for £110, 1.38 for £50, 1.33 for £50, 1.25 for £100 and £100 @ 1.22. With my normal style of trading I would have laid off my outstanding liability by this time, however I thought that as no goals had been scored in the first half and now into the second half I would wait a little longer before laying off and then greening up. I could have had an all green £90 but I wanted to get the full £100. Then the goals started and I just held on to my position which ended up costing me £157. Another lesson learnt and duly paid for.
My day ended with a loss of £92.
yeah...greed again pull down one's winning form... gd learning points!!
tkz.
keane
Posted by: keane from fareast | 11/14/2007 at 10:50 AM