...more tests

Today I traded some matches to look how my thoughts of the new strategy work out. I made about 2.30€ using 23€ stakes. Although my strategy does not give so much chances to place a bet/trade it works relatively effectively compared to the past ones. But that not-getting-involved into a game has a very relaxed effect to me. The mind feels much more free... to watch for chances to lock in the profit.

Furthermore some of the games that I had traded were very volatile even so I did not make a loss in any of the games. That is cool! Hope it can keep going on.

Further on there is a lot to test and screw...

Testing, testing, testing...

Well, on my way to find a new strategy there are a lot hurdles to clear. Everytime I test a new system I get caught on the long run but get wiser too. That means, that the points to act decrease. But that reduction entails that the points to get out become more comfortably if the market turns against me. I can "sit" on my trade for a much longer time than in the past.

That means to me that I can trade much more relaxed which does not mean that the trade sorts itself.

I was down again to about 90€ because of the latest tests. Now with a new system and stakes of 20€ I managed to get back to 95€. Hope it works.

I am alive, yes... but it is a long path!

Massive Loss

Todays Result: about -80%

Had a very hefty loss on the Martin - Ferrero match (2007-04-12). Everything went wrong. First of all I made a mistake on backing Ferrero instead of laying (using the advantage of one-click betting of a trading software.. haha). Then within seconds Ferrero was not doing well and the price drifted exorbitantly. Mostly due to low market volume! Because of having nearly all the money on him I could not lay. So I had to sit back... relax... and look on how I was losing money... in fact about -80% !!!!

I did not do a lot since then. I had to digest the loss.

I used some days to get a clear mind and to get a step back to rethink what I did. The conclusion was that even if I had layed Ferrero and might have won a lot of money my system was too risky (apart from mishandling a software). Not in the Martin - Ferrero match but to other plays I had traded. Predicting how the market will move had a great bearing on the old system. Even though predicting the market is somehow included in every system you can handle it in a lot of different ways in respect of risk.
Furthermore the latest experience makes clear to me that you can lose money in a million variant ways even though you proof every decision in-depth AND even if you are right!

Down to 93€ I tested a new method preferably only placing bets of 10€ stakes ...for now. My bank "lifted" up to 100€ and I want to get back the amount I have lost... and ideally more ;). The new method looks much friendlier to me and is much more riskless and stable. I hope it can resist in the long term.

So starting by a new way of trading I hope that all readers of my blog will read on and enjoy my journey to success.

Though not mentioned I have also new ideas on money management. Hard to believe... I know ;)

Short Trade

Todays Result: 2.81%

Back from Easter and a long 8 hours drive back home I decided to take a look at the current tennis fixtures before having a bath. One was able to come into question and had just started. So every chance of getting some profit was still there. It was the Zvonareva - Dechy match.

The first points were very clearly played (40-0 both sides). So to my mind every player had a chance to get the first break although Zvonareva played a little stronger. Even so I layed Zvonareva and luckily she stumbled a bit so that I could back her at a higher price. I was green on her 2.81% and about 23% on the other side. I could have raised my profit easily to 10% to both sides as suddenly the betfair site crashed and was no longer available. Damn!! I could not do anything until the match had ended. That bites!

Nevermind! The time I invested was only about 15 minutes. Therefore it was a relatively productive quarter hour.

Small profit

Todays Result: 1.87%

My first trade Srebotnik - Safina ended in a negative result. That means -1.6%. This does not seem very much but I had my problems in turning the loss into a profit over the rest of the day because the womens' matches again as yesterday were very one-sided.

The only "bigger" profit came from the Bammer - Sprem match where I could take 2.2%. I could have done twice that number but as I had my bet into the game Bammer's serve could not get broken.

Later I watched (scoreboard) two matches: Petrova - Zheng 0.4% and Ivanovic - Dechy 0.87%. Again difficult to trade for me.

I had no time for the following plays on account of packing bags.

So not a really productive day for me even so I am pleased with it.

I wish you Happy Easter! Until Tuesday there will not be an update because of short holiday. Best luck with your trading!

Some tennis trading

Todays Result: 7.14%

Today I had some trades on the women tennis matches. The biggest win was on the match between Sprem - Li. I luckily got into the game just before Li got broken on her serve. Then I played around with the big green on Sprem's side. I got around 6% (included in the 7,14%) out of that game for the daily result.

Afterwards I traded the Bammer - Razzano match and took a profit of about 1.5% which turned to 0.6% after trading Dechy - Daniilidou (-0.9%).

About an hour later I traded back ~0.6% in the Oprandi - Stosur match. I felt to get in when the prices were very flatty... too flatty in my opinion as I recapitulate now. So I had to sweat some seconds until my order got matched.

The matches Golovin - Castano and Benesova - Jankovic turned to a little loss of about -0.06%. Jankovic was strong / one way against Benesova. It was difficult to trade for me. Prices were in the dumps very soon.

Sad to say my profit easily could have been about 2% higher than I achieved today. But nevertheless a profit means a profit and to my mind thats the goal of a trader.

I hope to trade some matches tomorrow because from friday to monday I visit my grandparents at Easter. They do not have an internet connection and additionally I will (or would? whats right?) not have calm to concentrate to my trades.

Starting with the trade

Hello,

this is my blog about trading at betfair. I started trading about 1 year ago and I have won and lost money... but mostly I had lost. Some weeks ago I tried to trade but had lost money again. This time it was a little bit different. I think I had one of the key-moments you are searching for time and time again. From this point on (starting with a bank of 338 €) I constantly upped my bank about 5% on average every trading day.

The intention of this blog is to keep the results of my (new way of) trading. I will try to post every result of my trades of each trade-day.

I hope you enjoy this blog. My english is not the best. So I hope that you will forgive my bad expression.

For your interest the results so far:
02.04.2007 9.33%
29.03.2007 -4.24% (due to cricket)
28.03.2007 7.40%
24.03.2007 -1.88%
23.03.2007 2.64%
21.03.2007 13.93%
20.03.2007 4.78%
19.03.2007 10.19%

=> 5.27% average