Monday, 10 September 2007

Taking A Back Seat

Since Last Post P/L: £94.68
Monthly P/L: £146.77
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For the last few days I've had to put trading on the back burner as I've spent a lot of the time being very drunk. As I explained in my last post, my brother is visiting from Australia and as he's a bit of a beer monster he's always in need of someone to keep him company! I dread to think how much I've consumed so it's probably a good time to ease up and prepare for the start of the Twenty 20 World Cup.
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Middlesex v Derbyshire
I did have a little look at this one last night but ended up getting it all wrong (the 6 pints I'd swallowed during the afternoon probably didn't help my judgement). I couldn't have entered the market at a worse time - Derbyshire were in a weak position at 179-4 but my thoughts were that they had enough wickets in hand to post a target of around 210. If this happened I was confident that the price would drift to around 1.42 so I laid Middlesex for £852 at 1.31. What do you think happened next? Yep, three Derbyshire wickets fell in the next over and it wasn't long before the score read 184-8. A dramatic collapse and I had no choice but to bail out of my position.
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Fortunately, scenarios like this don't happen everyday so I'll pick myself up and get ready for tomorrow.
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8 comments:

Dip said...

Hi Mark,
My request (not advise) never mix alcohol and sports trading.Alcohol and gambling like sugar and car engine.'wine in wit out'
dip k

Mark Iverson said...

Hi Dip,

You are right - I very rarely dabble in both at the same time but let myself down on this occasion.

Cheers for the support.

Mark

Jimmakos said...

Hi Mark,

Interesting posts as always. Maybe you are interested in a Blog Carnival I'm running up. Check it out here:

http://www.jimmakos.com/en/blog-carnivals/first-jimmakos.com-blog-carnival.html

Anonymous said...

i would say never mix alcohol with betting - you are a very silly boy! when are you going to start winning some money again - I've noticed since that pro 40 game when you had your boss helping you out you have hardly won anything

dip said...

Little more on alcohol and trading.
I want to mention that my biggest profit was when i consumed 4 beers and my biggest loss was when i consumed same amount.So what's the difference?Only that loss was nearly 3 times more than profit.
Dip

Mark Iverson said...

Hi Jimmakos,

Sounds interesting - I'll try to put something together for you before the the 1st October.

All the best,

Mark

Jimmakos said...

Hey Mark, thanks for that. You don't need to write anything new, just send your favorite post, the one that will get attention. I anticipate the carnival to get a lot of traffic, so you can benefit from that.

Mark Iverson said...

Hi Jimmakos,

Okay, no problems. I'll scan throught he archive and see what I can find!

All the best,

Mark