Diary of a part-time trader starting with a bank of £100.
Will I sink or float?
Tuesday, 27 April 2010
Should Have Took The Twenty
Tonight’s trade was the complete opposite of yesterday’s trade. I traded Lyon v Bayern using the Under’s strategy, alongside my revised spider staking. I entered the CS market as follows; 1-1, 2-0, 0-2, 2-1, 1-2, 3-1 and 1-3, with Under 1.5 covered to meet liability. At half-time (the score being 0-1), I didn’t think there would be many more goals, so I laid off 2-1, 1-2, 3-1 and 1-3. It was looking a good decision as the green indicator rose quite quickly. At 60 min’s or so I was looking to exit with an overall profit of £20, but Lyon got a man sent off. Before the market could settle properly, Bayern had taken a 2-0 lead, leaving me with a smaller green on CS and having the loss on Under’s. At the end of the day I had a profit, all be it a small one, but more lessons were learned.
I traded a couple of frames in the snooker to quite a good success, as you will see below.
Overview
Running total Start: £120.08 P/L: £20.76 Total: £140.84
Hi, I was introduced to sports trading a few months ago by my pops (The Dark Horse). I tried trading with a bank of £20 as I'm a family man on a limited budget. It soon became apparent that this was way too small and one bad trade would almost wipe me out. So with a little bit of scraping round the sofa and under beds I've finally got a bank that, with my current strategy (in parts designed by The Dark Horse) and the knowledge I've gained from such small staking, I should be able to make enough money that by June 2011 I will have enough to take my family to Disneyland. I'm a basic man with basic needs and to see such smiles on their faces would be magical. So let's cross fingers and may the trading gods be on my side.
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