The month of August has now passed, which was my first month of recording my trades here in the SportsTraydor blog. It wasn't an entire month as I took ten days off for my holiday.
You can see below how the final weekend of the month went, and how August turned out in a separate report I've published.
I had other commitments on Friday, so no trading for me. For a moment, I considered trading on my mobile phone, but I resisted the urge to do so.
I didn't have the opportunity to trade an afternoon session of football as I decided to take my Son down to watch a League 2 game between Crawley Town and Cheltenham. It was a scrappy and uneventful football match until Crawley scored in the final minutes to win 1-0 on the back of their win against Premier League side, Norwich City in the Carabao Cup. Saying that, I assume it was scored in the final minutes as the scoreboard was not working inside the ground!
Panathinaikos v OFI Crete
Greece Super League
A match I profiled and shortlisted for the evening's trades upon my return from the League 2 game I attended earlier. Panathinaikos were odds-on favourites at 1.50 but found themselves losing 0-1 at half time.
I was about to enter the market expecting a goal in the second half, but then to my surprise, the underdogs, OFI Crete, scored another making it 0-2. Surely a pre-match favourite playing at home would score a goal, even if they don't win the game? I thought so and decided to lay the correct score. I could have used the under 2.5 goals market, but I decided to use the correct score market.
Four minutes later, to my surprise, OFI Crete made it 0-3. I wasn't expecting them to score, but I didn't mind as all I needed was a goal and why I prefer to trade the goals markets at the moment. I just assumed Panathinaikos would have got the next goal. A winning trade though and covers the loss from Thursday.
Servette v Xamax
Switzerland Super League
OK, I admit, two sides I don't think I have ever traded before; however, it was a game that caught my attention while browsing matches currently in-play. Servette were at home against bottom of the league side Xamax yet were losing 0-2 at half time. This scenario meant I wanted to get involved and trade.
Like with the game in Greece, I looked at the correct score market, anticipating another goal. I thought to myself I'd be surprised if the game ended 0-2 with an odds-on favourite, at home, playing a team who are bottom of the Swiss Super League. This rationale was my reason for entering the trade.
Around 10 minutes later, the home favourites, Servette, scored making it 1-2 and that was enough for me to win the trade.
Before the trade, following my trading rules, I set myself a stop-loss price to exit if there were no further goals. I wasn't prepared to leave this lay entry in the market and risk the full liability. That's not my plan. Before any trade, I work out what my risk is and how much am I prepared to lose before I even speculate potential profits.
Angers v Dijon
French Ligue 1
Angers was clear favourites with the market makers against Dijon who occupy the bottom of Ligue 1. Granted the season is still only a few weeks old, but Dijon have not yet won a game. At half time the score was 0-0. Looking at the stats Angers haven't finished a game 0-0 in their last five home games. So with this information, I decide to enter the market and lay "Under 0.5 goals" anticipating a goal in the second half. I set myself a stop-loss price to exit should there be no further goals.
Just a few minutes into the second half, as I expected, Angers score and made it 1-0. Excellent! A winning trade and this happened to me my third successful trade of the day. That was me done for the day.
Goodbye (and thank you August) and hello September.
I profiled and shortlisted a few games to monitor today, but only two matches met my selection criteria at half-time.
E. Frankfurt v Dusseldorf
Frankfurt were odds-on favourites at home to Dusseldorf. I was scanning my shortlist of games at half-time and found they were losing 0-1. A quick look at the first half stats and it appeared to me there were more goals in this game. I also found that Dusseldorf hasn’t kept a clean sheet in their last three games and the last seven games produced over 2.5 goals.
I entered the market laying “Under 1.5 goals” looking for a goal in the second half. As with all my recent trades, I set myself a stop-loss to exit if there were no further goals.
Thankfully, the goal came in the 57th minute before the price had decreased and hit my stop-loss. Frankfurt leveled it up 1-1. I was pretty confident with this trade, so I had increased my stake for this trade, and it came in nicely.
Atletico Madrid v Eibar
Spanish La Liga 1
I wasn’t expecting to enter a trade with this match. I thought Atletico Madrid would be clear winners here. At half-time, I saw they were losing 1-2 against Eiber who were at odds of 11.0 before the match. This scenario meant it was now a game I could trade. I expected Madrid to come out flying in the second half, so I layed “under 3.5 goals”.
I had to wait just six minutes of the second half before I was profitable. As expected, Atletico Madrid equalised making it 2-2. Smaller stakes used for this match as I tend to prefer low scores at half time, but this was one match I felt I had to get involved with and trade even though there were three goals already scored in the first half.
Overall it was a decent weekend of trading. Actually, let me rephrase that - an excellent weekend. Three from three trades on Saturday and two from two on Sunday. An excellent finish to August and a good start to September.
I’ve published a separate report on how August went for me.
Balance before the weekend: £277.18
Weekend P&L = +£57.00
Current Bank: £334.18 (+28.5% on the starting balance)
To summarise how I feel my trading went in August. It didn’t produce the gains I was hoping for that I posted at the start of the month, but at least I haven't squandered the trading account. Maybe I was being too greedy or expecting too much from the get-go?
I started out using lesser stakes as I intended since there wasn't much pre-match form to look at in the European leagues. So now recognising all of this, I would say I'm "satisfied" although not ecstatic with the first-month trading and recording my results here in the SportsTraydor blog.
Overall, and let’s be honest here, a 17.6% return of investment in only one month outside of sports trading would be very welcome, so I have to keep it real and be pleased.
In September I'll be concentrating more on trading with a positive Risk to Reward ratio, targeting a minimum of a 1:1 Risk-to-reward meaning in the long term I need to win 50% of my trades to break-even. More than a 50% strike rate with a 1:1 RR (Risk-to-Reward) and I'll be profitable. If I'm honest, it’s something I wasn't giving much respect to at the beginning of August.
I hope you all had a green weekend too!
"Trading sports online is to back (in favour) a team or individual and then lay (oppose) at a lower price (odds) for a profit before the sporting event finishes. Alternatively lay (oppose) a sports team or individual and then back at a higher price (odds) for a profit." - SportsTraydor.