Fore!

Since Last Post P/L: £42.32
Monthly P/L: £480.95

Saturday was supposed to be a big trading day for me but the sun was shining, spring was in the air and the temptation of a round of golf was too much to turn down. I played terribly but it was nice to be out and about after the cold dark winter we've just had. The lowlight of my round though was hitting a 4 iron to the par 3 fifth hole - it went left of the green, bounced once and then hurtled into a woman standing on the next tee! Ouch! This distraction obviously meant I missed the EDF Cup semi-finals but I was home in time to take a look at the World Cup cricket.

Australia v South Africa
I nearly got myself in a whole lot of trouble here. When I got home and switched on the TV I was shocked to see the Aussies finish their innings for a total of 375 runs. I'd estimated a par score at 265! I checked the price available on them and they were still trading at 1.18 which left me gobsmacked - surely this price was too big? I turned out to be right in the end but I'd failed to realise that the market had a different opinion and as soons as the Saffers had knocked up a few boundaries the Aussie price started drifting at a canter. As you can imagine, I was now staring at a big red screen and the South African score had powered up to 130 for no wicket - the Aussie price was now 1.83. I thought at this point that if the South African partnership could last another few overs then they'd gain favouritism so I laid the Australians for £235 and went to make dinner. I was gone for 10 minutes and when I returned the score was 156-0 and the Aussie price had swung out to 2.90! I jumped at the chance to secure a green screen and finished with a profit of £11.30. This was a lucky escape and I need to learn from this.

Bristol v Northampton
Today was the chance to trade on a Guinness Premiership match which both sides needed to win. I traded well and made a nice profit of £31.02.

For the last few days of the month my strategy now switches to consolidation. The Darts on Thursday should round it off nicely and if I can finish with a profit of £500+ I'll be extremely happy. That would be a growth of over 40% on my trading bank during March.

If you've been reading my blog for sometime then you'll already know that the majority of my profits come from trading Rugby Union & Darts. They're sports which I now feel very comfortable with and confident that I can make a profit on. However, I'm also aware that these sports won't provide an all-year income and I need some advice on how to go about trading cricket and tennis. If you can help then please leave a comment - I don't expect you to give away any edges but if you can point me in the right direction then it'd be appreciated. Thanks in advance!