Just an update!

Profit/Loss : 211.39€
Total Profit/Loss : 1825.57€
Current Bank : 2560.79€

First of all, I'd like to point out that I've skipped the post from last week simply because I had a very busy weekend so I didn't have the time to post last week's update. Many things happened during the last 2 weeks ( this one included ) which kept me quite busy.

To start this post, I'll first write about last week's weekend and then I'll write about this one.

So, last weekend I bought a laptop and had to install all the usual software, setting everything up took me almost a day while still trying to do some trading. I wasn't very comfortable to trade using the new laptop so I wasn't expecting to beat a record or something. It was an uneventful week, just followed my basic plan, taking a tick here and there without too much risk.

This weekend was another busy weekend. I used to advantage the fact that I didn't have to go to work on Friday to speed up things a little bit regarding the software I'm currently developing to trade on Betfair. It's something that I'll start to write about as well, so that I can keep track of the development too.

Yesterday I made a couple of mistakes that irritated me quite a bit. First, I did something that's not usual which was to lay a team that scored the goal just after the market reopened. I layed Udinese ( against Livorno at home ) at 1.05 expecting to back at 1.06/1.07 but I wasn't that lucky and I had to back at 1.03 giving me a redbook of around -14€. I felt stupid really. Then after this stupid mistakes I lost 2 ticks in 2 consecutive half-times, not that I've done a stupid mistake here, it was just normal trading. That gave me 3 losses in a row, it's not very normal for me, fortunetely! Ended the Saturday with a loss of -9€.

Today it was a much better day, didn't catch anything special but picked up several little opportunities here and there, tick by tick I made a daily profit of 71€. I couldn't resist to put some money on the Tennis final between Fish and Dojkovic but well, I'm awful at trading tennis so I ended with a loss of -6€. I still have everything to learn about Tennis, watching the game live on betfair ( livevideo ) and watching the odds moving was a good practice to me, I'll give it another shot on another match sometime soon.

I thought I'd post here a picture about the current state of my software, it's in the early stages so it doesn't allow me to do anything except to nagivate through the markets menu, opening a market and watching the prices being updated with an interval of 8 seconds or something. The visual interface is still rough, I'm still doing lots of tests. Just bear in mind that everything is temporary.

( The market information shown in the picture has nothing to do with the market in question. )

Momentum kept! Let's keep it again...

Profit/Loss : 326.41€
Total Profit/Loss : 1614.18€
Current Bank : 2349.40€

I never thought I could be making this much on a single week but I am. If I'm able to keep this pace I'll be achieving my ultimate goal of 1000€/month very quickly, obviously it's good but a bit disappointing because I thought it would be tougher.

Unfortunately my winning streak since 24th of February was broken on 5th of March with a loss of -8.48€ and lost again on 6th of March an amount of -3.25€. Haven't lost any since then.

I must confess this blog is becoming boring but I've done it just to keep track of my progress, this is not supposed to be fun, is it ? Although, if you have any suggestion to make this any more fun, I'd be grateful to hear it.

Keeping the momentum

Profit/Loss : 145.00€
Total Profit/Loss : 1287.77€
Current Bank : 2022.99€

Another month comes to an end and I've established a new personal record. It's quite normal that I keep beating my previous records simply because money makes money. Here's the P/L screenshot from February.

This week was one of those good weeks where everything I touched was transformed in profit. Made no mistake, just good trading practices. I wasn't expecting this week to be so good just because the weekend was very busy for me in contrast with what's usual. Had some visits on saturday and on sunday so I wasn't totally focused on trading but I found enough time to get myself locked in my room for some tradings.

At the moment I'm trading with 950€ chunks and there aren't many markets out there capable of accepting such an amount. It's becoming more difficult to enter in some kind of markets I used to participate which leads me into thinking that establishing a maximum chunk size might be a good ideia, 1000€ is probably a good value. Unfortunetely this destroys my current plan which relies on continually growing stakes without a pre-defined maximum. It's something that I'll have to think about.

I'm on a winning streak since 24th of February, just hope it continues for a few more weeks.

Have a nice week!