Pre Match Trading – Week 19 Results
1st January West Brom v Fulham / Over/Under 2.5 Goals – Won £3.13
1st January Swansea v Aston Villa / Over/Under 2.5 Goals – LOST £9.71
1st January Swansea v Aston Villa / Match Odds – Won £1.16
1st January Southampton v Arsenal / Over/Under 2.5 Goals – LOST £2.59
2nd January Newcastle v Everton / Over/Under 2.5 Goals – LOST £3.41
2nd January Chelsea v QPR / Over/Under 2.5 Goals – Won £1.02
2nd January Chelsea v QPR / Over/Under 2.5 Goals – LOST £1.41
6th January Mansfield v Liverpool / Over/Under 2.5 Goals – Won 59p
6th January Celta Vigo v Valladolid / Over/Under 2.5 Goals – Won £3.77
6th January Udinese v Inter / Over/Under 2.5 Goals – Won 86p
6th January Barcelona v Espanyol / Over/Under 3.5 Goals – LOST £4.00
6th January Napoli v Roma / Over/Under 2.5 Goals – LOST £5.28
A week’s football online trading loss of £15.69
Total Pre Match Trading profits to date is £139.32. My football betting bank now stands at £239.32, I started off the experiment with a betting bank of £100.00 and use around 75% of my available bank on my trades, which are all done pre match using Betfair.
It had to happen one week, and unfortunately when it, it did so in spectacular style.
Yes, it was my first losing week! Obviously I’m going to be annoyed at losing, but the thing that really peed me off the most, was my reaction to losing.
It all started to go wrong with the Swansea V Aston Villa game. After that loss, my mind seemed to go AWOL and I lost track of my long term objective. I stopped thinking about the bigger picture and just got annoyed and went hell bent on winning back my loss, I was trading any match without even thinking about it.
I do believe I got away with it though, although it was more by luck than judgement. I had 6 losing trades over the week, but I only lost a week or two’s profit overall, so it wasn’t the worst outcome. Put it another way, I can remember doing a lot more damage to my betting bank in the past.
For the first time (I can recall) since I started doing this though, I got really frustrated and my football trading became reckless. I think it was the manner of the loss in the match that triggered the bad reaction.
It was one of those trades I have referred to in the past, where the odds just seems to drift for no apparent rhyme or reason, this time for about 8 ticks (sub 2.00).
What happened seemed strange to me, both teams had long been announced and the odds were stable, and then all of a sudden it went south by about 8 ticks.
In the past I have agonised about whether or not to sit tight and wait and hope for the odds to come back, or whether to just assume this is the odds’ new home, so trade out and start the process again from in the red.
Well this time I took the latter option, and to my incandescent rage, the odds then came back to where I had initially entered the trade. I was absolutely fuming, as I felt I had basically lost twice.
Without going into the mechanics of the trade, I have now been reminded that my biggest foe when I am trading is ’emotion.’ This week’s trading has shown me that no matter how much I think I have cracked it, ’emotion’ is a weakness that is always there waiting to pounce.
I imagine this is how an alcoholic must feel, for weeks he/she may feel in control, then one week something happens and it triggers off all the old demons.
For any new readers to the website, don’t worry I’m not getting my knickers in a twist over losing 15 quid in a week. I’m fuming about how my discipline went slightly out of the window after weeks of calm football trading, it is the process and how I feel I failed it that is disappointing me, the money is secondary at the moment.
In the long run, I plan to trade with a four figure (plus) betting bank. This week’s trading activities has shown me that I am still far from ready to be able to trust myself with this amount of money in a betting exchange account.
Ok, so I haven’t wrecked the whole thing, but it has just served to remind me how fragile the mind can be, and how sometimes – no matter how obvious it is to an on looker – I still can’t see the wood for the trees.