Monday, 28 May 2007

Pole Position

Daily P/L: £50.31
Monthly P/L: £194.67

As they say, patience is a virtue. Picking my moments seems to be working but I'll be glad to see the back of May. It's been tough and with the finals of the Premier League Darts tomorrow there's plenty of scope for things to go pear-shaped. I plan to be more cautious than normal as finishing the month in profit makes such a big difference to me. I don't want to ruin all the good work I've done over the past couple of weeks with a few moments of madness.

Today was all about picking up what I could and I'm fairly happy with the results.

Monaco Grand Prix
A lot of the hype this week has been about Lewis Hamilton. The rookie has had a fantastic start to his Formula 1 career and after securing 2nd place on the grid he had a great chance to win his first Grand Prix. Unfortunately, he didn't quite do it but he gave it a fantastic effort and this guy has a big future a head of him if he can keep himself level-headed. I'm still not 100% comfortable in trading this sport but I'm learning things with each race. You have to remember that if you enter a trade and one of the drivers retires (crashes or has technical failure etc.) you could lose a lot of money so this has to be taken into account when determining stake sizes. My profit on the race was £27.02.

Crowne Plaza Invitational
Rain had affected the tournament over the weekend which meant that the players had to finish off their 3rd round before playing the final round today. It was anybody's game going into the final 18 holes as there was a number of players within a couple of shots of the lead but there seemed to be value in opposing Jim Furyk. Jim's a very good player but I don't think he's been quite as clinical this season compared to his normal standards. He was trading in the 3.00 to 5.00 range for most of the round which I felt was a little on the low side. He ended up making a late rally over the closing holes and could have won it in a playoff but fortunately I'd turned off the computer by then. I'm starting to get a better feel for golf again and even though I felt I could have performed better I was still able to make a gain of £23.29 here.

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