Slow progress with sudden leaps.

P&L for 13/05/09

Football : 0.13
Tennis : 1.47

P&L since last post : 1.60

Football.

A single trade on the italian match O/U 3.5 towards the end of the match gave me my £0.13 profit.

Tennis.

The same 2 tick and hedge trades on all but one match. The return from these varying between £0.05 and £0.12 depending on hedge out point. The one large amount was from The Nadal match. As Nadal was winning hands down, by the time I got to it the only market left to consider was the total games. I put my back and went for a lay out 2 ticks later but the price shot down and I ended up getting 20 ticks unexpectedly. This gave me a whopping(LOL) £0.92.

I made 8 trades today and increase my bank by 27.7%. So a good day. 19 trades into my 2 ticks and hedge strategy and I'm £1.63 ahead of 1% per trade projections. Still wary of taking a loss though as it could wipe out everything I've done so far.
I probably shouldn't be using full bank on each trade as it's a recipe for disaster. I could probably get 1% easy enough on 25% of bank for 4 ticks and hedge if it's below 1.1. It would mean slower progress and I suppose that is the point of this strategy, Not how quick I get there but that I actually get there in the end. We'll see.

My bike is resisting all of my efforts to return her to the road. Today spitting out an exhaust stud like a bullet. So lots of drilling and tapping, and possibly welding as a last resort, in my future. The joys of owning a 19 year old bike.

Keep it green everybody.