Thursday, 11 September 2008

Profits Plodding Along

Its been a quite a few days since my last post, and its been mainly down to a couple of things. Firstly, my best mate is now a dad as his wife had a baby in London, even though we live in Yorkshire. She had gone down to see her mum, and found herself giving birth. His car decided to pack up so off we went in my tired old Peugeot 306 workhorse and after getting lost twice, and the satnav packing up midway down the M1, we finally made it a little late to be greeted by a little boy! Secondly, my partner has decided she wants to go on holiday and take the little un to see her family abroad. This means that I now have to make sure I make at least £3000 in profit through my betting by December to make sure I have enough to pay for her costs, otherwise we'll be looking at taking a loan, something which I don't want to do. Finally, the weather has been quite moody so there's not been that many bets.

Since my last post, I've actually managed to grind a profit of £361.19. I had to reduce stakes on the Stop At Winner method due to the weather conditions as the results were playing havoc, and the loss recovery sessions were getting bit out of hand, and the last thing I need at the moment is a huge loss! The normal bets haven't done that well as I've only made a profit of +1.32 points since my last post, and this is the main area I'm looking at in detail to see where I can improve. Ive been reading the Experiment blog to get ideas on what to look for and been using the Patternform site to paper trial an additional backing strategy which is still in it's infancy. The lay bets have been doing ok and apart from a few losing bets are sort of plodding along.

One thing that I do intend to look into is my ROI figure when I get some time, as I suspect that it's quite low due to the way that I bet. I'm hoping to improve it and trim some of the bets that I make, but this means looking back over all my bets which I don't have time to do at the moment. So this goes on the to do list. Finally, I've stopped the trading trial altogether as I found that I was completely useless at it and couldn't predict which way the market was going to go to save my life!

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