The Sports Trader had a bad day today and it was caused through a momentary lack of concentration, will I ever learn. I only traded on 5 horse races. One small loss, three small gains and one big loss.
The loss came as I was trading on the 14:35 at Beverley. My son Oliver had come to see me for a while and we were deep in conversation about family matters when I saw the chance of backing what I thought was Spiritofthewest so I duly clicked the mouse and backed for £555 @ 1.35, when in fact I had got the colours wrong and had backed the favourite, Kingship Spirit. An easy way to lose £555. It was, of course, totally my own fault I should have been concentrating 100% which is imperative when trading in-running horse races. I should say another lesson learnt but in reality this type of thing is bound to happen on occasions.
Later in the day I traded the match result on the Celtic v AaB football match. I only caught the last 10 minutes of the match but I did manage to back the draw for £882 @ 1.45 and then proceeded to lay off at prices ranging from 1.39 down to 1.22 to leave me with a profit of £163.
My day had ended with a loss of £390.
As Bob Geldolf once sang, I don't like Monday's. This is the most difficult day for me to trade as I now have no child care on Monday's. We have also recently moved house but the children all go to the same school as before so I have to leave home at 2:55 to pick them up and by the time I get back it is around 3:35 and this is all five week day's. I also interviewed a young Brazilian lady for my new live-in Au-pair job. Once the Au-pair is in place I will have cover most days and will not have to miss an important time of the day for trading on horse races.
I therefore only managed to trade on 4 horse races, which, after a loss of £40 on my first trade left me with a profit of £10.
In the evening I traded in the last 10 minutes of the Spurs v Aston Villa football match which resulted in a profit of £44.
My day had finished with a profit of £54.
Another good piece of news filtering out of Betdaq today is that their Exchange Forum should be up and running within the next few days.
The Sports Trader is back and I intend, once again, to give a short summary of my days trading and promote a little discussion on anything that is connected to Sports Trading.
I thank all the loyal readers that have kept in touch over the past 9 months since my last blog entry.
I have continued trading on Betdaq throughout this period of silence and have seen steady profits. I started the year off very slowly due to my problems that I have written about earlier within my blog. These profits have been steadily growing over the past few months. My trading style has changed and you will see that I conduct fewer trades / day.
If any reader would like to discuss a particular subject please just add a comment on my blog and I will try to include your suggestions over the coming days.
The address for this blog is now http://thesportstrader.typepad.co.uk/the_sports_trader/ I do intend to resurrect the blog soon and look forward to keeping in touch with so many great readers.
Well I am not too happy. I have just spent the last 80 minutes writing up my trading for today and hit the preview button to make sure all was ok and I lost the whole post. So I will just give a summary of the days trading.
I traded on 20 UK horse races, 2 football matches and 1 darts match with just 2 small losing trades, both on the race trading.
My horse race trading produced a profit of £111.
I managed to make £78 with my football trading. I only managed to trade a part of both matches and I made £162 on the darts.
So my day had produced a profit of £351.
This week of trading has been a bit of a grind but I still managed a profit of £589 on the week.