Tuesday, 30 March 2010

Still here... Barely!

Just a quick update to acknowledge my continued existence despite the fact that I haven't updated the blog for ages!

To keep a potentially long story as short as possible, I have been pre-occupied with some personal issues (which have hopefully now been fully resolved) and have also had to move locations due to my job. And not only that, but since moving (Which was designed to increase my free time and cut back on travelling!) I've only actually been home from the day job before 6 PM once. And that was to prepare for an interview! Pretty crazy considering I leave at 7.30 AM most mornings and now live within a fifteen minute walk as opposed to a 75 minute train journey. Still, as most people have said, it is good to see me applying myself to something beyond trading!

So, a quick update on my trading can be summed in a popular board game from the 1990s. Frustration!

Yes, I am making a profit which is very impressive but I am way behind on the net scoreboard as a result of my risk averse nature shining through together with my computer game mentality of treating green as victory.

I've not had as much time to devote to my trading (Thanks to the above and a social life has also proved far more difficult to accomodate) but the two weekends which I have blocked out for trading recently have produced excellent results, largely thanks to Formula 1 which is quickly becoming my favoured trading sport. (Averaging a profit of c. £300 per weekend.)

As for the Rugby League, I have definitely not had enough time to study the games this year. Whereas last year I would watch copious game film, this year I have hardly watched any extra games and have also been focused more on the markets dealing with very poor in play liquidity. (Ironically, when I have sat back I have traded much better.)

So, whilst I have been struggling relatively in the keys to watch out for, it is fair to say that my general strategy continues to work very well with an incredible 5 1.1 and below overturns in SKY games since I moved at the back end of February, which unsurprisingly, I have not made the most of.

Also, I have very kindly been granted a Rugby forum over at The Geek's Toy Forums. I have previously mentioned how valuable a resource I find both the application and the forum although at the moment, I am pretty much talking to myself over there so feel free to drop by with any thoughts / questions / ideas. As with comments, they are massively appreciated given that trading can be an isolatory event and one that very few of my friends are capable of comprehending well enough to discuss, other than requesting I buy more beers!

Anyway, just a quick alcohol induced post for now. I'll hope to go into further detail on the past two months trading shortly with a massive four days to rest and do precious little coming up beginning Friday. Although 5 SKY RL games and a Grand Prix weekend will keep me occupied!


  1. Good to see you back Craig.

  2. nice to see you back mate.

  3. Hi Craig,

    We have just found your blog and added it to our list.
    If you could give us an add it would be much appreciated.



  4. Glad you have not given up your blog mate.

    Knew you were still about though, from your appearances on the betfair forum.


  5. Frustration lol!

    You have hit the nail on the head, when you mention the word isolatory. The spell check doesn't like it. I couldn't find the exact word on the net, though obviously I knew what you meant. lol

    Will try and join the forum you mention and try the software.

    Although I have been betting with some success for about 25 years, my betfair trading expertise is very small compared to yours. Therefore my posts would be more self indulgent and would not add as much value to the forum.

    I am still more of a gambler than a trader and use betfair more for hedging than for many trades like you do.

    I am interesting in reading about and discussing the psychology of gambling, but have not as yet found any books on the subject. I can only really discuss this subject with fellow gamblers. That is why I gravitate towards forums like yours. It's away of getting that frustration out!

  6. Hello !!! You have very nice and interesting blog. I have the big request for you, whether you could add my blog to the list of your blogs, I already added your blog on my list, my address: http://tradingnawyscigachkonnych.blogspot.com/
    My blog is in polish, but I have translator google to translate it other languages.
    Thanks in advance, Many many regards and I wish very successes in trading !!!


  7. Thanks for all the comments guys.

    Yep - I am usually on the BF forum during games whinging about liquidity or the insanity of the odds!

    Dave - all posts add value to any forum because they can act as a springboard. Even a simple advised bet can turn into a fruitful discussion with the right questions! Especially if you wish to discuss the more psychological elements of trading which I also find fascinating.

  8. As i continue reading your articles, i am starting to realize the answers for my own questions earlier posts of your articles, i started from your latest posts going back to your oldest.. More power to you..