Routine !

Profit/Loss : 128.05€
Total Profit/Loss : 2480.06€
Current Bank : 3215.28€

A good week and a poor weekend for the record. It was probably one of my best weeks so far making around 75€ without too much effort in just a couple of matches.

The wekeend didn't provide many good opportunities but I can't complain much because I haven't had any redbook. All green once again, 11 days gone without a single loss, however, I'm still far from my previous record of almost a month.

Football seasons near the end, just a few matches left. I still need to prepare for the transition to the horse racing markets. I'm quite sure it will be painful in the beginning but I'm sure I'll find a profitable path. Can't wait !

That's more like it !

Profit/Loss : 312.57€
Total Profit/Loss : 2352.01€
Current Bank : 3087.23€

No, I won't miss this week update! It wasn't a busy weekend for me, so here I am to post an update of this past week.

This week I felt like my interest was going down a little bit but the weeked brought me the profit I wished so no complaints! Before the weekend started I had in mind that my profit for the current month wasn't that good and then I almost doubled it in two days, lovely!

Also, this weekend, I've seen a fellow trader almost being wiped out. He incurred on a loss similar to the one I suffered when I started this blog, a big red figure! A loss of around 200€ caused him to extend it to 800€ just because he wanted to get the 200 back. How stupid he was. Now, he's the first to admit he was an asshole but it's impressive to think that in just a few seconds we can be wiped out from these markets. It's good to analyze others behaviour in these situations, it might be helpful when we get ourselves in a similar situation.

Don't lose your head, I won't lose mine! :)

Not good, not bad !

Profit/Loss : 213.87€
Total Profit/Loss : 2039.44€
Current Bank : 2774.66€

Again, I missed the post from last weekend but I have a good excuse. I had to work the whole weekend which left me with almost no time to trade, I only managed to do one or two trades during the evening.

During these two last weeks I managed to lose two nice amounts which left me a bit upset with myself. Each loss around the 30€ figure. The last one happened today on Man Utd's match while I was trading ( or trying to ) before the match started. There was lots of money sitting on each price when suddenly it went up 3 ticks and I got two orders matched, I had to trade out losing 3 ticks. Damn! I thought I had two good positions on the lay side and all of a sudden they weren't that good ! I'm still unable to understand how these movements happen, especially because there's lots of money on each price. There must be some big guys with huge pockets out there!

The rest of the day ( today ) I had to work just to make it back but at least I made it, I ended the day with an astonishing 3€ profit. I'm sure better days will come.

March was my best month so far, not far from my ultimate goal of 1000€/month. Check out the picture:

Football seasons are almost in the end so I've already started preparing to move to the horse racing markets. I've been there in the past and I can't wait to get back to them.

No progress with my software since the last post. I hope I'll have some news about it during this month. Stay tuned!

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!

Best week so far !

Profit/Loss : 241.59€
Total Profit/Loss : 1142.77€
Current Bank : 1877.99€

What a week!

My expected profit for this month is 158.96€ and only this week I made much more than that. Marvelous !

Only 2 redbooks during the whole weekend and only 1 mistake.

Sorry but I can't go into more details because I'll have to go to bed, it's too late! If you have any questions, just post a comment and I'll be glad to answer.

Cya!