Diary
Sorry
for the delay in the diary for this month for those that do read it, its been
quite an exciting month for me. I have always been keen on getting into Trading
on the Betfair exchange having participated in match betting for a number of
years. Having followed Caan Berry and Peter Webb online for many years I have
always wanted to get into it. the reason for not is the fear of loosing money
and not having enough time to fully research the sport that I wish to trade on.
So,
I finally got involved in trading football last week. It was going great until
emotion took over when one trade went against me. Instead of having an exit
strategy I froze not knowing what to do and even though the trading was going
well at that point my washout was only heading further into the red and before
you know it had wiped out all of the weeks profit so far. Then to top it off
the same happened the following day, I should have learnt my lesson. I feel
that I let my emotion of loosing money get the better of me and instead of
taking a small loss I panicked again.
I
have now started to trade with an exit strategy in mind, but also I have
decided to study the odds movements for my trades throughout the football match
as gaining knowledge of how the odds are moving at various times through the
game will help me make better informed decisions.
For
the full week my trades were as follows
Trade
1 forgot to keep note of game £26.23
Trade
2 forgot to keep note of game £3.60
Rotterdam
vs Groningen (Lay the draw) £23.45
Villa
vs Spurs (Lay the draw) £22.73
Ath
Madrid vs Liverpool (scalped draw) £9.02
Dortmund
vs Paris (Lay the draw) £5.58
Man
City vs West ham (correct score dutch) £15.02
Spurs
vs Leipzig (correct score dutch) £21.13
Derby
vs Fulham (correct score dutch) £19.56
Waalwijk
vs Rotterdam (correct score dutch) £28.71
Brescia
vs Napoli (correct score dutch) -£42.70
Chelsea
vs Spurs (correct score dutch) £26.84
Leicester
vs Man city (correct score dutch) £28.91
Levante
vs Madrid (correct score dutch) £15.89
Arsenal
vs Everton (correct score dutch) -£152.09
Liverpool
vs West Ham (correct score dutch) -£159
Napoli
vs Barcelona (correct score dutch) £27.84
Chelsea
vs Munich (correct score dutch) -£1.59
Dusseldorf
vs Hertha (correct score dutch) -£94.36
Willem
vs Groningen (Correct score dutch) -£92.72
Norwich
vs Leicester (Correct score dutch) £28.78
Leaving
a total of -£244.15
This is certainly not the start I hoped for, however with my new ideas and attitude
to taking a small loss when needed if the trade goes against me, I think I
should recover total loss. I know where I have gone wrong so I will fund the loss so I can continue to learn trading.
If
anyone who reads this diary does football trading and would like to give me
some pointers it would be greatly received, likewise if anyone reading this
diary would like to jump on the trading journey with me, reply on here of send
me a message and we can help each other going forward.
As
the trading has taken up all my time the other savings for the diary are quite
small this month, I’ve listed them below
Snap
my eats app sent me a £6 Amazon voucher which I used and saved myself £6
Cashback
and savings interest from the bank paid £8.61
I
opened a new account with Virgin bet for a bet £10 get £5 free bet and because
there was an issue with the website when I went to place the free bet they
credited me with another £5 free bet so Happy Days the profit was £23.75
Quidco reached £49.99 which was from work trips again.
Totals this post
Matched Betting £23.75
Cashback Website £49.99
Savings Account £8.61
Train Refund £0
Panelbase £0
Apps £6
Ebay £0
Nectar £0
Total £88.35
Mortgage Over payments
Total Mortgage £131,191.52 (before Diary over payment)
Over payment this Diary £88.35
Total over payments £866.13
Over payments allowed upto 31st Dec 2020
Sub Account 1 - £12,133.07
Sub Account 2 - £1,068.40 (£690.52 left)
Updated Totals are as follows
Matched Betting £305.12
Cashback Websites £618.90
Tuck Shop £0
Savings Account £190.19
money Saved £1127.06
Apps £6
Ebay £33.35
£2300.62
