What would you do if you got punched... a proper fight and you get kaboom-ed by a wild left hook. Would you go down crying and refuse to get up? or shake it off and remember not to lean too close to that left hook zone?
Well for me I'm more a stand up and learn guy... ok, so I took a hit with a trade that lost me some money but I'm not going to let that get in the way of progress!
I've broken the £200 mark! (even with the loss yesterday)
I've learnt a lot in my first month and a bit sports trading, number 1 is that in-play stats are key.number 2 is that in-play stats are key. number 3 research is the lock the key fits into.
The sports trader who is blindly putting draw lays on every 0-0 at HT is more gambling than trading, in my opinion.
I've had a 74% hit ratio with laying the draws at key points, with a 24% ROI which for me is £108.33 clear profit. Now this is by far my best returning strategy. That 74% hit ratio (meaning I've had a return on 75% of the trades I've entered) is down to my above points. In-play stats and research. FedSlam and I do some collaborative research on games we think might be worth a look. Then went we're with the boys at The Sports Trading Academy we are scanning in-play games to see what looks lively, Shots on target and off, attacking plays.... we weigh up if we think a goal will come.
That's just one strategy, there are many. So what do I do when I get a left hook? I take the hit, look at the bigger picture (which for me is all green) and get on with the next trade.
How am I getting on... for now I've held off the gambling as I'm concentrating on SP trading, I'm sure I'll pick it back up when Euro 2012 starts again.
As for SP trading, well... I've had some good nights recently so am relatively happy. One particular trade is standing out as my biggest earner so I've decided to up my stakes on that one only.
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