A New Beginning or Another False Dawn?

Believe it or not last week (week#2 of the year) I made a profit of £610.06 that's right, no typo involved that's six-hundred-and-ten-pounds-and-six-pence. The title of the blog just about sums up my feeling on this matter. Is this me finally turning a corner or merely a very lucky week. The large profits came largely from my horse racing and football trading. Things just seemed to go well and maybe I was experiencing the so-called unconscious trader's mind, where you don't really think about what you are doing it just comes naturally. My horse-racing trading and a few bets where largely in-play and on national hunt races. There is an obvious time delay between the horse racing pictures and people obviously betting in-play on course but I find that it doesn't matter too much when it comes to races over longer distances especially if you take a position early. My football trading was largely on the under/over 2.5 goals and match odds markets which I feel I've become adequate at trading. Although I've not kept a full record over the years I'm pretty sure my football trades in these areas would show good profit. I've sensibly now decided to track every single trade I make on Betfair. (the same Betfair which went down yet again Tuesday I think it was last week).


I'm also looking at trying my hand in other sports trading this week with the tennis and snooker featuring heavily. Only going to play with small amounts to test my skills in this area. Overall it's surprising what a good week's performance can do for your confidence. Although it's also important to stay true to yourself and not carried away by one week's results. I know I have made mistakes this week and possibly over-staked on occasions and it's important to recognise this and correct it, because in the long-term it doesn't pay. Meanwhile my poker career took another small step forward as I played a lot more SNGs this week, overall I was $16.99 up for this week playing around 30 $1+$0.20 SNG. Which is a decent return no doubt. I'm looking for five weeks of constant profit at a given buy-in level before deciding on moving up to the next level.

All things considered this has to go down as a superb week of course, but very important to not get carried away and I'll do my best to remain grounded and calm. A nice solid week this week would be ideal to follow on from this "monster" week.