Sunday 27 January 2008

Scary

Profit/Loss : 86.12€
Total Profit/Loss : 641.74€
Current Bank : 1376.96€

Lovely week I had making a nice amount, especially during the weekend.

Lost 2 ticks on Sudan vs. Zambia on Tuesday ( not visible in the P/L picture because it's on page 2 ) and that was the only loss I had during the whole week. There are two things that I would like to talk about in this post.

On Saturday, the match Sevilla vs. Osasuna had a particularly scary moment when Sevilla got a penalty at the 90th minute when the match was tied at 1 goal. I was chatting with my brother ( through messenger ) because he was watching the match on TV so I told him to let me know in case Sevilla scored the penalty. A few seconds later he said yes so I quickly backed Sevilla at 1.03 to lay at 1.01. I got matched at 1.03 and my brother immediately told me that the penalty would have to be retaken but surprisingly the market was opened so I didn't believe him, thought he was joking. If I knew the goal was disallowed and the penalty to be retaken I'd have get out in the blink of an eye at the current best price which was 1.04 so I'd have lost 1 tick. The market remained open for 10-15 seconds. I had a 500€ chunk matched at 1.03 and now you know the scenario. If he had missed it, I would have lost it. Thankfully, he scored again and everything was fine giving me a green book of 22.19€. I already had a greenbook of 13€ at the time it happened. Scary!

The other thing that I'd like to mention in this post happened in the match between Sp Lisbon and Porto. Sp Lisbon was winning by 2-0 during the first half and just a minute before going to half-time I entered the market to occupy some good positions in the queues but after 30 seconds I got matched and that could have been disastrous if Porto scored during that moment. Thankfully I made an easy and quick tick and the match went to half-time just a few seconds later. I can't forget that 1 second is more than enough to waste a huge % of my profits. I simply can't afford to take these kind of risks even when it's a small one just like it was in this case.

Here's the P/L from the last week:


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