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elitesp
07 Sep 12 14:36
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Date Joined: 15 Jul 12
| Topic/replies: 33 | Blogger: elitesp's blog
Well after 12 months of trading part time during which I have been researching, testing, learning, winning, losing thinking i have stumbled across the next big thing then realising very quickly that it's never quite that simple!!! i have decided to go full time. I think i have found a few decent strategies that suit my personal style of trading so I am going for it.

I am still very keen to get as much solid advice as possible so all input will be greatfully received. I will be focusing on the horses, football and a bit of golf. I am going to post my daily and running P&L and would be happy to share any futher information if of any interest. Anything I do post will be 100% genuine  as one of the reasons for me doing it is to constantly re-evaluate where I am and of course connect and get the views of others.

I started on the 1st September so i have posted my first few days results below.

1/9/12 Horse Racing: £231.83 | Soccer: £70.03 Total P&L:  £301.86
2/9/12 Soccer: -£34.25 Total P&L:  -£34.25
3/9/12 Horse Racing: £438.74 | Soccer: -£416.78 Total P&L:  £21.96
4/9/12 Horse Racing: £38.11 | Soccer: -£23.33 Total P&L:  £14.78
5/9/12 Horse Racing: £278.26 | Soccer: -£62.09 Total P&L: £216.17
6/9/12 Horse Racing: £182.58 | Soccer: £24.96 Total P&L:  £207.54

Running total
Football: -£441.46 | Horse Racing: £1,169.52 Total P&L:  £728.06

Happy trading all!!!!!

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Replies: 128
By:
Trevh
When: 08 Sep 12 02:03
Good luck, just curious, did you give up a job or were you unemployed?
By:
smithy91
When: 08 Sep 12 10:31
best of luck mateHappy nice work on the horses
By:
elitesp
When: 08 Sep 12 13:43
Thanks Smithy, appreciate the encouragement.

Trevh, I have just finished a 2 year contract so have decided to concentrate purely on trading for a while. I guess if it doesn't work out i will have go back to contracting!!!.

Results for day 7, only a couple of bets today due to other commitments.

Football: £65.55 | Golf: -£2.00 | Horse Racing: -£24.07  Total P&L:  £39.48

Football > Finland v France : Match Odds    Showing 1 - 2 of 2 Selections
Selection    Odds    Stake(£)    Bid type    Placed    Profit/loss(£)
The Draw    7.00    81.43    Back    07-Sep-12 20:47    -81.43
The Draw    3.80    150.00    Lay    07-Sep-12 18:01    150.00
*Average odds: On  Off    Back subtotal:    -81.43
Lay subtotal:    150.00
Market subtotal:    68.57
Commission             3.02
Net Market Total:    65.55

    Start time    Settled date    Profit/loss (£)
Horse Racing / Hayd 7th Sep : 6f Hcap     07-Sep-12 15:35     07-Sep-12 15:38    -21.44
Horse Racing / Chep 7th Sep : 7f Hcap     07-Sep-12 15:25     07-Sep-12 15:34    13.80
Horse Racing / Brig 7th Sep : 1m Hcap     07-Sep-12 15:15     07-Sep-12 15:19    -9.96
Horse Racing / Chep 7th Sep : 1m Hcap     07-Sep-12 14:50     07-Sep-12 14:52    9.57
Horse Racing / Hayd 7th Sep : 5f Hcap     07-Sep-12 14:30     07-Sep-12 14:32    -12.66
Horse Racing / Brig 7th Sep : 1m4f Hcap     07-Sep-12 14:10     07-Sep-12 14:13    -12.97
Horse Racing / Hayd 7th Sep : 5f Hcap     07-Sep-12 14:00     07-Sep-12 14:02    9.59

Running total
Football: -£375.91 | Golf: -£2.00 | Horse Racing: £1,145.45  Total P&L:  £767.54
By:
elitesp
When: 08 Sep 12 23:00
Day 8 results

Very up and down results but managed to eek out a profit for the day. I really wasn't being selective over the races due to trying to cram too much into a small space of time.

Horse Racing: £85.22  Total P&L:  £85.22

Horse Racing
                                                                                          Profit/loss (£)
Horse Racing / Ascot 8th Sep : 7f Hcap     08-Sep-12 15:45     08-Sep-12 15:49          -5.00
Horse Racing / Kemp 8th Sep : 2m Hcap     08-Sep-12 15:35     08-Sep-12 15:43           24.25
Horse Racing / Thirsk 8th Sep : 6f Hcap     08-Sep-12 15:30     08-Sep-12 15:32          -38.83
Horse Racing / Hayd 8th Sep : 6f Grp1     08-Sep-12 15:25     08-Sep-12 15:29           26.29
Horse Racing / Strat 8th Sep : 2m Nov Hrd     08-Sep-12 15:15     08-Sep-12 15:19      -8.55
Horse Racing / Kemp 8th Sep : To Be Placed     08-Sep-12 15:05     08-Sep-12 15:12       0.00
Horse Racing / Kemp 8th Sep : 1m Hcap     08-Sep-12 15:05     08-Sep-12 15:09          -33.28
Horse Racing / Thirsk 8th Sep : 7f Mdn Stks     08-Sep-12 14:55     08-Sep-12 14:58       14.34
Horse Racing / Hayd 8th Sep : 1m Listed     08-Sep-12 14:50     08-Sep-12 14:53           28.67
Horse Racing / Strat 8th Sep : To Be Placed     08-Sep-12 14:40     08-Sep-12 14:47      -20.00
Horse Racing / Strat 8th Sep : 2m4f Beg Chs     08-Sep-12 14:40     08-Sep-12 14:45      -8.50
Horse Racing / Ascot 8th Sep : To Be Placed     08-Sep-12 14:35     08-Sep-12 14:39      -15.00
Horse Racing / Kemp 8th Sep : To Be Placed     08-Sep-12 14:30     08-Sep-12 14:33       17.00
Horse Racing / Thirsk 8th Sep : 6f Mdn     08-Sep-12 14:20     08-Sep-12 14:22           478.01
Horse Racing / Strat 8th Sep : 2m6f Hcap Hrd     08-Sep-12 14:05     08-Sep-12 14:18      -50.64
Horse Racing / Hayd 8th Sep : 5f Hcap     08-Sep-12 14:15     08-Sep-12 14:17          -302.14
Horse Racing / Ascot 8th Sep : 1m Cond Stks     08-Sep-12 14:00     08-Sep-12 14:07      -42.16
Horse Racing / Hayd 8th Sep : 1m Listed     08-Sep-12 13:45     08-Sep-12 13:49           143.41
Horse Racing / Ascot 8th Sep : 7f Mdn Stks     08-Sep-12 13:30     08-Sep-12 13:35      -122.65
Profit and Loss is shown net of commission.

Running total
Golf: -£2.00 | Horse Racing: £1,230.67 | Soccer: -£375.91  Total P&L:  £852.76
By:
Cork Langer
When: 09 Sep 12 02:58
Good start elitesp, don't be put off by the knockers that are bound to give you negative comments, they always find their way onto these threads eventually, just ask Undern...!

You have already highlighted something that needs addressing, being selective, if time doesn't allow you to make your picks then best policy is don't play, you will have good and bad results from such plays but the bad ones will stick in your mind and eventually undermine your confidence in your own ability.

Best of luck
By:
sweetchildofmine
When: 09 Sep 12 11:12
elsie your horse racing trades, without giving too much away, are they in play or are you in and out before the off?
By:
sweetchildofmine
When: 09 Sep 12 11:12
sorry ''elite''
By:
sweetchildofmine
When: 09 Sep 12 11:17
i know its early days and youre doing well but your regular football losses are eating into your horse profits...it appears your strength lies in horse racing but as i say its early days and only a very small sample...good luck
By:
seaview
When: 09 Sep 12 11:39
I agree with the above.

No good being a Jack of all TRADES.Knock football on the head,already showing  the signs.

100% effort on Horses,forget the rest.you'll feel calmer and less stressed.which can only be a good thing.

Good Profit so far.shame about those over paid prima donna's though.
By:
elitesp
When: 09 Sep 12 13:13
Thanks all for your responses.

I have been a little surprised by the amount of negativity and angry messages I have received (not those below) but having read through many threads i think it is par for the course!!!!! (it is a gambling forum after all)

Thanks all for your comments and advice. Interestingly until this last week I have probably been more successful on football than horses but understand exactly where you are coming from seaview/sweetchild.

Sweetchild, the majority of my horse racing trades are in play and some are outcome based. I am still testing which are the best types of races to use hence me trading a lot of races presently ( ultimately race selection will be key as Cork eluded to).

Still very early days but at least P&L is positive rather than negative.

I really do appreciate your comments so thanks very much, its good to know that some people genuinely want to help.
By:
buzzer
When: 09 Sep 12 13:18
What bank are you operating from?
It appears you chase your, bigger, losses looking at your p and l

Horse Racing / Thirsk 8th Sep : 6f Mdn     08-Sep-12 14:20     08-Sep-12 14:22           478.01
Horse Racing / Strat 8th Sep : 2m6f Hcap Hrd     08-Sep-12 14:05     08-Sep-12 14:18      -50.64
Horse Racing / Hayd 8th Sep : 5f Hcap     08-Sep-12 14:15     08-Sep-12 14:17          -302.14
Horse Racing / Ascot 8th Sep : 1m Cond Stks     08-Sep-12 14:00     08-Sep-12 14:07      -42.16
Horse Racing / Hayd 8th Sep : 1m Listed     08-Sep-12 13:45     08-Sep-12 13:49           143.41
Horse Racing / Ascot 8th Sep : 7f Mdn Stks     08-Sep-12 13:30     08-Sep-12 13:35      -122.65
By:
elitesp
When: 09 Sep 12 13:28
Hi Buzzer,

Working from an initial 4k but letting it build. To be honest the one race where i did have a bigger bet was following a losing trade but it was my strongest race of the day so did invest more into it than i normally might. My standard staking plan would not normally involve chasing too hard.
By:
sweetchildofmine
When: 09 Sep 12 13:49
elite does your approach involve dutching
By:
elitesp
When: 09 Sep 12 14:51
Yes sweet it does but i only bet if i can achieve a certain level of odds for the top 3 in the betting or top 2 in races with low numbers of runners (do sometimes although rarely get top 4). I do also trade out sometimes in running if i hit a certain % profit figure.
By:
sweetchildofmine
When: 09 Sep 12 15:15
yeah dutching is my thing too, to an extent..i can sometimes back up to half a dozen in a race
By:
elitesp
When: 09 Sep 12 16:02
How are you getting on sweet, if you don't mind me asking?. Only doing 2 races today 4.35 at York and 5.45 at Fontwell.
By:
sweetchildofmine
When: 09 Sep 12 16:06
only one race today i liked the 4pm at york, dutched the front four, i just couldnt see anything else getting in it and as it worked out mafeteng and the rest were clear of the field so made 35% on the race
By:
sweetchildofmine
When: 09 Sep 12 16:09
the 435 to me looks difficult as i fancy a few of the outsiders could prove dangerous
By:
sweetchildofmine
When: 09 Sep 12 16:15
have a look at smithys thread...i can guarantee it will improve your football profits ;)
By:
elitesp
When: 09 Sep 12 16:18
Nice work on the 4pm. You may be right about the 4.35pm but have got the first 5 at 1.8 so feels like decent value. 5.45, can't see past the top 2.
By:
sweetchildofmine
When: 09 Sep 12 16:22
yeah agree  with the 545 i dont even see a dark horse spoiling things
By:
elitesp
When: 09 Sep 12 16:22
I will check out Smithy's thread thanks, Do you bet everyday?
By:
sweetchildofmine
When: 09 Sep 12 16:34
yup..mainly trading though..youll learn more about what i and others do if you read the thread i mentioned :)
By:
sweetchildofmine
When: 09 Sep 12 16:39
well done elite :)
By:
elitesp
When: 09 Sep 12 17:41
Thanks, i will defo take a look tonight, which section is it under soocer, general?, just gonna watch the 5.45.
By:
sweetchildofmine
When: 09 Sep 12 17:55
its entitled rather misleadingly ''am i the youngest forumite'' and its in general betting
By:
elitesp
When: 09 Sep 12 18:00
Ah yes, seen the title before, 5.45 was a disappointment but may do some football trading.
By:
sweetchildofmine
When: 09 Sep 12 18:04
the threads all about football trading..there are certain trades which as youll find its very hard not to win
By:
TheInvestor2
When: 09 Sep 12 18:25
"If enough investors follow a momentum strategy, the prophecy of a high (or low) price becomes self-fulfilling."
By:
sweetchildofmine
When: 09 Sep 12 18:26
very profound and very true
By:
elitesp
When: 09 Sep 12 21:27
Hi sweet, read through the thread and sounds like you have lots of interaction within the group, sharing ideas, views etc which is great. Football came to my rescue tonight to ensure profitable day, will post tomorrow.
By:
sweetchildofmine
When: 09 Sep 12 22:24
join the thread elite every bit of input is welcome
By:
elitesp
When: 09 Sep 12 22:33
Day 9 results

Football: £140.79 | Golf: -£9.00 | Horse Racing: -£71.91  Total P&L:  £59.88

Football    Showing 1 - 2 of 2 markets
Market    Start time    Settled date    Profit/loss (£)
Football / Montreal Impact II v Serbian White Eagles : Match Odds     09-Sep-12 19:00     09-Sep-12 21:00    9.23
Football / Ferencvaros v Kecskemeti TE :     Match Odds                     09-Sep-12 17:30     09-Sep-12 19:2       131.56

Horse Racing    Showing 1 - 2 of 2 markets
Market    Start time    Settled date    Profit/loss (£)
Horse Racing / Font 9th Sep : 1m6f NHF     09-Sep-12 17:45     09-Sep-12 17:49    -119.70
Horse Racing / York 9th Sep : 6f Hcap     09-Sep-12 16:35     09-Sep-12 16:39    47.79

Running total after 9 days

Football: -£235.12 | Golf: -£11.00 | Horse Racing: £1,158.76  Total P&L:  £912.64
By:
elitesp
When: 09 Sep 12 22:36
I will sweet thanks if i believe i can add any value at any point!!, hope you have had a decent days trading!!
By:
sweetchildofmine
When: 09 Sep 12 22:45
yeah 4/4 football trades and 9/10 horse racing trades plus 1/1 dutch bet
By:
elitesp
When: 09 Sep 12 22:47
Nice one!!
By:
sweetchildofmine
When: 10 Sep 12 18:00
how did today go elite?

all i did today was dutching... 4/5 success rate
By:
elitesp
When: 10 Sep 12 21:43
Yeah same here got 4 out of 6 although the one i thought was a cert went the wrong way!!!!
By:
sweetchildofmine
When: 11 Sep 12 15:28
playing catch up today..the two newcomers caught me out but recouped losses last two races
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