Saturday 3rd November 2007

It Can Be Done! The Sports Trader past a milestone in trading results and one that many an aspiring Sports trader aims at. I have today managed to turn my original £200 bank into £100,000, and that is after all commissions have been taken into account. As most of you know my original £200 was deposited with Betdaq when they launched in September 2001. I traded on a part time basis from then until December 2005 when I turned full-time. My bank at that time sat at £10,000.

The period of part-time trading included long spells of several months at a time when I did not trade due to my full time work commitment and it also included me building my bank up to £3.5K and then going all the way back down to £300. This was my apprenticeship and without this foundation I would not be trading as consistently as I do now. Since turning full-time I have had 1 losing month, March 2006 and this coincided with when my wife's illness became so bad that she had to spend a month in hospital and was also therefore the first time that I had full care of my three young children on my own. I was clearly not in the best frame of mind to trade.

Todays trading was difficult to start with as I kept losing both my internet connections at the same time but after I sent BT yet another email about my problem things did improve. I traded on 12 UK horse races and 3 football matches, with no losing trades again.

My first trade was in the 12:45 at Wetherby where I backed Battle Cry for £221 @ 1.70 before laying off @ an average of 1.37 to result in a profit of £78. I followed this with a small winning trade.

The best result of my day came in the 13:05 at Newmarket where I backed Twice Over for £600 @ 1.25 to result in a profit of £150.

In the 13:50 at Wetherby I backed Ellerslie George for £7 @ 4.20 and a further £3 @ 3.30 before laying off @ 1.01 to result in a profit of £20. My next trade resulted in a small profit.

In the 14:10 at Ascot I laid Boychuk for £22 @ 32.00 to give me a profit of £22. My next 2 trades both resulted in small profits.

Next was the 15:40 at Down Royal where I laid Galway Legend for £44 @ 4.40 to result in a profit of £44. My last 2 race trades both resulted in small profits.

My race trading had finished with a total profit of £323.

After racing I caught the final 15 minutes of the Wigan v Chelsea football match and I backed the under 2.5 goals for £81 @ 1.25 to result in a profit of £20.

Later in the evening I traded the Mallorca v Valencia football match and here, with the score at 0 - 2 I backed the under 2.5 goals for £49 @ 2.77 which I laid off @ 2.26. I then backed the unders again for £65 @ 1.64 which was laid off @ 1.50 and finally I backed the unders again for £114 @ 1.11 which I laid off @ 1.05 to result in a profit of £40.

The final trades of my day came in the Sevilla v Real Madrid football match. This was a game where there were 2 early goals. I had backed the under 2.5 goals for £270 @ 2.20 soon after kick off and had laid off £245 @ an average price of 2.12 when the first goal came and left me with a liability of £25. I backed the unders again as soon as the market was reformed for £67 @ 3.25 and within a minute or so the second goal had been scored, so my liability now stood at £92. I then backed the unders again for £50 @ 10.00, £17 @ 9.70 and £18 @ 8.20 and then I started to lay off @ 6.10 for £28 and all the way down to 3.52 until I had no liability. I then proceeded to gradually green up and had an all green £38 profit with a few minutes of the game left. I also backed the unders, with the last minute of injury time being played, for £288 @ 1.10 to result in a profit of £62 on the match.

My day had finished with a profit of £450.

Comments

[Mark Iverson]

Well Done Ray!

A truly great effort!

All the best.

Mark

[martin]

likewise Ray.A serious achievement.an inspiration to us all. :-)

[The Gambler.]

Beginners Luck. :-).

[felds]

Ray,

absolutely thrilled for you and that fantastic achievement. Well done, you are such an inspiration for me. I wish I had the same ability to turn situations that go against me into profitable ones...Keep getting it wrong at the moment,had a nightmare yesterday.

[Ray]

Hi Guys,

Thanks for all of your messages. I thought I was up late last night but some of you were still at it at 4:00 this morning.

I do feel a sense of achievement in getting to the £100K but it is just a stepping stone to the big £1M, I will have to step up my game plan if I am to get there before I retire.

Good Luck.

Ray

[Account Deleted]

Terrific achievement mate. I know you'll get to the million and beyond. And thanks for being on the show Thursday.

[Jon]

Hi Ray,

Great results, its good to read about someone doing well, makes a change from all the negativity posted on some forums.

Well done, keep it up

Jon

[Ray]

Hi MoM & Jon,

Thanks for your comments. I hope this helps persuade some people to stop gambling and start trading.

Good Luck.

Ray

[Gareth]

Great stuff Ray. An inspiration to us all. Keep clocking those wins.

All the best

Gareth

[Clive]

Hi Ray,
I to would like to add my congratulations. Well Done...it couldn't of happened to a nicer guy...but wish it was me!!! Seriously a magnificent achivement to make 45k average a year tax free.

I now hope that your personal problems can be sorted out so that it relieves the stress and pressure you have had for such a long time.

Continue the good work Ray and look forward to you showing us all how to do it.

Good Luck

Clive

[Ray]

Gareth and Clive,

Thanks very much for your comments. I will keep trying to make a good honest living from sports trading.

Good Luck to you both and I hope to hear similar news from you soon.

Ray

[Dave]

Heard your radio interview, you came across extremely professionally. Inspirational stuff for small apprentices like myself, a great achievement on the 100k milestone. Well done and good luck with the tax man, had an inquiry myself lasting a year, it does get easier :)

[Ray]

Hi Dave,

Thank you for your pleasent comments. I hope you are right about the Tax Man. Good Luck with your trading.

Ray

[johnizere]

Hi ray,
Just want to echo previous comments on this topic. Couldn't happen to a nicer bloke. Good luck for the 'big 'un', hope to be following in your footsteps. albeit with the decimal point a few digits to the left!
John.

[Ray]

Hi John,

Thanks to you also for such a positive comment. I wish you all the luck in achieving the same soon.

Ray

[ramps]

Well done Ray a fantastic achievement. Hope you still posting your blog when your past the £1 million mark.

[Ray]

Hi Brian,

Thanks for your comments. I am looking forward to hearing your slot on the WUBT RonBot Radio. LEts hope we are both still posting at that level.

Ray