Thursday, 28 January 2010

Australian Open Week 1

Current Bank £887.30

So far so good! This Australian Open has proved to be another profitable time of year. The beauty of the 4 grand slams is the high volume of liquidity in every single match. It is quite bizarre how a match with 2 unknowns can have 200k matched prior to the first ball being hit and when the same 2 faced each other a fortnight ago the was little over 10K. A lot is down to TV coverage but the grand slams are for many the only times they show an interest in the sport.

The excellent liquidity volumes make me feel more confident in the market and so on the opening day of the tournament increased stakes by 50%. This proved to be the right move as the opening 3 trades were all winners.

The Aussie Open can be difficult for someone who works full time. I find myself easily engrossed in the matches and end up with 3-4 hours sleep a night. After about 3 days of trading I felt absolutely knackered. So I decide that as week 1 has the majority of the matches I would really go for it and ease off on week 2.

With the increased stakes and near perfect markets, week one of the Australian Open provided a fantastic profit of £616.51. That has put is well on course for the jackpot.

Wednesday, 13 January 2010

2 Weeks In

Current Bank £270.79

It has now been 1 month since I decided to run this challenge and we are almost 2 weeks into the 2010 tennis season. As always, trading is limited for me in the opening month of the year as the majority of matches are played in Australia and the middle of the night for us in the UK. It is often difficult to find a rhythm during this time as the liquidity in this markets tends to be very low. Australia have strong laws governing online gambling which has a massive impact on the markets. Still I have made a good contribution to the challenge pot during this time. In just 2 weeks I have almost trebled the betting bank. The wins are still relatively small but when I cross the £300 mark I will consider the first stake increase. Below are screenshots of both my main wallet and my Australian Wallet:

Main Wallet

Australian Wallet

Tuesday, 5 January 2010

1 Win 1 Loss

Current Bank £179.41

A quiet night last night. With a full night session the day before I traded just 2 matches resulting in around 25% profit. Unfortunately the Xmas festivities are now over and tomorrow I return to work. With the tennis currently in Australia I will have limited trading opportunities until the weekend now. Unfortunately work and night trading do not mix.

Monday, 4 January 2010

Making Progress

Current Bank £153.86

Hi all,

Hope you had a good new year. Most started back at work today so it is back to normality! We are now 4 days into the new year and Xmas seems a distant memory. The trading is now well under way. After a terrible tournament in London 4 weeks ago Raphael Nadal opened up his season by winning the Capitalia World Tennis exhibition tournament. It has to be said that he looked quite impressive in his 2 matches.

I apologise for the lack of posts of late. With the Xmas/New Year festivities in full swing it has been difficult to find the time. I have certainly been trading however.

I have included screenshots for Saturday and Sundays trading. Friday started off well but a dodgy couple of trades late on resulted in a £14 loss for the day.

Please not that I call it Sunday as most trades were done before I went to bed. The tennis is in Australia so really we were into the 4th. My trading for Brisbane in the opening day was up and down but Justin Henin's return to the main tour put us well into profit.