Week Three

16 – 23 August 2010


WINNER WINNER CHICKEN DINNER!! Well week 2 has come and gone and it’s sent us back into the black. A profit of £68.46 was made this week from 9 trades. 6 winners and 3 losers. Still no internet connection so still muddling through on my iphone. One advantage to the phone trading is I managed to trade the Man Utd match whilst soaking up the sun in a park with my girlfriend and her family but its still far from ideal.


The bulk of this profit was made up from a strategy that I think is going to prove very profitable over the coming season. It uses the unders and overs market and plays one off against the other. I wouldn’t say its risk free but the way its set up allows you to limit your loses very easily should the match not go your way. It was used twice this week and yielded profits of £30 each time. One of these £30 wins was even over by HT which is always nice as it allows you to put your feet up and enjoy the rest of the match.


I’m working on a couple of new strategies at the moment, one is code named “Smash”. I used it twice this week. Its still early days but it yielded 3/3 profitable trades. Albeit they were very small profits but I’m only using small stakes at first whilst I tweak it about a bit. This one isn’t going to make large profits but I think it really has the potential to make VERY regular profits week in week out.



2 out of my 3 losing trades were only very small loses as I manged to limit my loses in play and exit the trades. A Joe Cole penalty miss in the Micky Mouse Europa Cup was the difference between a nice healthy green and a small loss. The 3rd loss of -£7.61 although not massive relative to my stakes slightly annoyed me. My enthusiasm got the better of me. In attempt to maximize profits I tried to apply 2 trading strategies to one match. This is not a very good idea!! The markets were crossing all over the place and it was hard to keep track of my position and figure out what needed laying and what needed backing. I wont be doing that again.


Average profit per trade is now running at £4.29. Lets look to increase this figure next week with some more healthy profits.



STAT CENTRE


(Weekly Profit: £68.46) (Monthly Profit: £55.81) (Season Profit: £55.82)