Thursday, 1 February 2007

Off & Running

Daily P/L: £6.15
Monthly P/L: £6.15

Okay, I might not be sprinting out of the blocks but I've started the month in the right way. Not much action, just a little dabble into with the Malta Cup Snooker and the Premier League Darts.

My involvement with the snooker was more of an education. I'll often play with small stakes on events I'm not overly familiar with. Don't get me wrong - I always devise a strategy before trading but if my thoughts are unproven then I'll always edge on the side of caution. To me, good defense is even more important than good offense (and yes, I pinched that from the book Market Wizards).

I was cautious with the Darts for a different reason. The Premier League format is completely different to normal tournaments so matches need to be approached in a slightly different way. I wanted to see if my strategy would hold up and I'm happy to report it did. Although the liquidity in the markets isn't great, I'm confident that if I pick my spots, I should have a profitable campaign.

The Six Nations will be my main focus for the weekend. I'll only be trading on the Saturday as on Sunday I'll be going to the Wales v Ireland game and unfortunately, as I Welshman, I'm very pessimistic about our chances. Too many injuries, a dodgy coach and a lack of strength in depth leave me cringing that this could be a good day to be Irish but you never know. If you plan to watch on TV then please keep an eye out for me...I'll be wearing red!

1 comment:

John Wheatland said...

Hi Mark,
Just found your blog, looks interesting. Just started mine if you want to take a look.

Look forward to reading your blog.