Monday, 3 March 2008

One That Got Away


Since Last Post P/L: £209.08
Monthly P/L: £209.08
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Rather than write this post about the great win I had trading the rugby, instead I'm going to focus on what went wrong when I traded the cricket!
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3am on a Sunday morning is an unearthly hour, so why was I getting up to switch on the TV to watch an event that was happening on the other side of the world? Quite simply, I knew that Australia v India was the only chance I was going to get during March to trade the sport and I didn't want the opportunity to pass me by. If I'm to hit my 15% growth target for the month then I can't afford not to trade my most profitable sports so begrudgingly I rolled from under the duvet and into the home office.
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Australia were batting first and although the run rate soared during the early stages they lost a few too many wickets to ensure they'd post a massive total for India to chase. By the end of their allotted overs the scoreboard read 239-8 and I guessed we'd have a game on our hands. What also comforted me was the sight of a £190 all green figure in front of me - this was turning out to be a good weekend.
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Guess what happened next. That's right. A couple of bad decisions early into the Indian innings and my profit was beginning to diminish. The market was flip-flopping more than a dying Goldfish and I was getting caught left, right and centre. Fortunately, I still had a green screen of £107 but now was decision time. Should I turn off the computer and make do with a decent gain or would I pursue a bigger prize?
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I turned off the computer.....30 minutes later with just over a pound profit!
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My reasoning behind continuing was two fold; I normally make my big profits towards the end of a match and with only one game of cricket to trade all month I felt I had to try and make the most of it. With hindsight it's easy to say it was the wrong decision and I do feel as sick as a pig but at least there was some logic behind it. I did forget one of my cricket trading rules though - only trade for 4 hours - if I go past this then my mind starts to wander.
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Here's the details of my weekend results:
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Rugby Union
Harlequins v Gloucester :£207.59
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Cricket
Australia v India : £1.49
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On the baby front, Iverson Junior is yet to make an appearance but it shouldn't be long now. What I've failed to mention up until now is that Nicola also has a heart condition (albeit a completely different one - sod's law eh?) and to manage it she has a pacemaker and defibrillator fitted. As you can imagine although I'm excited, I'm naturally very anxious at the same time so fingers crossed everything goes okay.
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6 comments:

The Betfair Loser said...

"flip-flopping more than a dying Goldfish" LOL!!

I wish I had thought of that!!!

Mark Iverson said...

Glad you liked it BFL!

All the best,

Mark

Anonymous said...

great blog mark

fancy trading links with our site

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We are based in Swansea

Mark Iverson said...

Hi Free Bets!

I've added a link to your blog - please can you return the favour?

Cheers!

Mark

STST said...

Here's hoping all goes well too Mark.

All the best

Gareth

Mark Iverson said...

Thanks Gareth,

Your best wishes are much appreciated.

All the best,

Mark