Sunday, 22 April 2007

Hitting It For Six


Daily P/L: £147.26
Monthly P/L: £596.64

Construction of the home office has begun. I ordered my new PC today and it should be here within the next 10-14 days. In the end I opted for a 'Dell' as I'd heard their customer support is very good and this is very important to me as if something goes wrong I'll need help to get it fixed! For my money I was able to get an Intel Core 2 Duo E6700 processor with 2GB RAM and 2 19" flat screen monitors. The plan is to have the two monitors on my desk and have a 19" LCD TV stuck to the wall in front of me. My Fiancee is very supportive of my trading but even she's drawn up a budget on how much I can spend - the agreement is that 'we'll' pay for the computer but I'll have to find the funds for the 'office furniture' out of my trading bank. With this in mind it's a good job I did well today!
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West Indies v England
I opted just to watch the Heineken Cup semi final between Llanelli v Leicester so my only trading action of the day was on the last Super Eight match of the Cricket World Cup and what a game it was! This was a perfect match for trading as favouritism swung several times as the market tried to catch up with the events unfolding on the pitch. After posting a score of 300 the West Indies looked like they'd done enough and I made an initial mistake of backing them at 1.28 at the start of the England innings. Despite losing an early wicket England started well so I bailed out of the trade at 1.37 when the West Indies price started drifting quickly. I was still confident that England would struggle at some point and that's what happened when Flintoff got caught at long on. I'd backed the West Indies an over before when their price was at 1.80 and now their price was at 1.25! I decided to hang on a while longer and it wasn't long before Dalrymple was run out. With the West Indies now trading at 1.13 and Nixon next to bat I decided to play safe and go all green (see screenshot). The rest as they say is history! Nixon went on to play a stunning innings and England won the match - WOW! When it looked like a certain West Indies victory I did take out some insurance by backing the tied match for £5.00 at 30.00 but I missed a trick here. After placing this 'bet' I'd knocked off the laptop to go and make dinner - I was convinced it was 'game over' and by the time I'd realised it was 'game on' it was too late to lay off this 'bet' at lower odds and secure another profit. It's important not to be greedy though so I'll just have to learn from that one. My profit on the match ended at £147.26.
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4 comments:

STST said...

Hi Mark,

Can't believe you weren't trading at the end, it was the only part I managed to catch! High volatility at its scary best. Glad to see you're doing well.

All the best

Gareth

Mark Iverson said...

Hi Gareth,

It looks like we're both having a good month!

A great match yesterday, just wish they were all like that!

All the best

Mark

STST said...

Have you ever considered having more than one screen? There's so much I want to trade on today it's impossible with one screen! :( Just managed to lose 37p on the last rugby match after being in a great position, needed that winger not to hit the ball into touch really! If you're on MSN it'd be nice to chat to someone while trading!

Gareth

Mark Iverson said...

Hi Gareth,

I haven't got MSN yet but when I do I'll let you know my details.

I've just ordered a new PC and it has 2 screens - can't wait to get it set up!

Mark