Before yesterday I was happy with my progress. Since my last post I had traded with success on golf, tennis and football and on Wednesday I also had a satisfactory session on the pre-race GG's with increased stakes. During this session I experienced a huge swing against me which at one point was about £26 in the red, but it then returned (with me backing at the higher prices) to a level just before the off where I exited just better than even. I should note I have also been studying - before viewing these tutorials I would have lost that trade:
http://www.betangel.com/blog_wp/tag/fear-and-greed/ and http://www.betangel.com/blog_wp/tag/market-depth/
A couple of races later however I fell foul of Mutual Friend being withdrawn at Worcester. It just so happens I was trading on my laptop on my desk at work, (trying to take advantage of a quiet period), so I couldn't see a tv. Also there were a few guys looking over my shoulder at the time (sod's law) discussing what I was doing! Anyway I couldn't concentrate with all the noise so I left the losing trade where it was. I ended up £3 down on the session but all things considered I was content with that.
Now I also upped stakes on in-play football and I have been trading whilst watching games overnight (on nights at work) on Betfair live TV on Wednesday & last night. I know full well it's a dodgy game & I am on edge all the time my trade is in the market. I have therefore tried to limit this time by risking more and just trying for a couple of ticks before getting out. This worked well on Wednesday for several trades and for one trade last night, but then I made what I thought was a (fairly) safe trade by laying Guadeloupe against Nicaragua (the latter were really dominant at the time). Almost immediately Guadeloupe went up the other end and scored, then scored again within a couple of minutes - Goodnight Vienna! You know I wasn't going to trade football again after getting stung for the same amount (£200) back in May, but as I said in my last post I had to diversify in order to gain experience of these markets. It's disppointing, frustrating and annoying and worst of all like I said at the top, I bloody knew it would happen. One step forward, 10 steps back...
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