With 3 races left to go in the F1 season I need to kick the football off otherwise I'm going to miss the extra income over the winter months. I have some good data and with that I'm going to take a look at the Champions League games tomorrow night.
I have gone back to the drawing board as I could tell straight away the stab in the dark I was taking before was only going to result in a loss. I have re-set the fund and I'm ready to go again.
I'm not using any strategy for my football trading. I don't think they work (I'll post more about that another time) so I have looked at each game in isolation. There are 3 games I like the look of and I will take the following positions before they start:
Back Man Utd away to AaB
Lay Villarrel at home to Celtic
Back Lyon away at Bayern Munich
I have exit strategies for all three games and based on the data I have I roughly know what my exit losses will be if I need to take them. It's important to note these are not tips! I have taken these selections as I'm happy the risk/reward ratio is favourable for my 'method' of trading and not necessarily because I think that team will win. If I lose on all three games it won't be a disaster - I have put effort into making a 'method' which in the long term hopefully will give me a return.
I have also taken the choice of showing a profit/loss on each post seeing as this is more of an experiment. I hope this will give a better idea of how things are developing rather than me saying I had a good/bad week. This will simply be the return I have made since the last update. Remember as I'm starting with a bank of £100 test fund to see if this works the returns will be small.
I will also post the number of games traded and the ratio of wins to losses. If I'm doing this right I want to be profiting even if I have more losses than wins.
Games traded since last update: 0
Wins - Losses: 0 - 0
Profit/loss since last update: £0.00
Test Fund: £100
I have gone back to the drawing board as I could tell straight away the stab in the dark I was taking before was only going to result in a loss. I have re-set the fund and I'm ready to go again.
I'm not using any strategy for my football trading. I don't think they work (I'll post more about that another time) so I have looked at each game in isolation. There are 3 games I like the look of and I will take the following positions before they start:
Back Man Utd away to AaB
Lay Villarrel at home to Celtic
Back Lyon away at Bayern Munich
I have exit strategies for all three games and based on the data I have I roughly know what my exit losses will be if I need to take them. It's important to note these are not tips! I have taken these selections as I'm happy the risk/reward ratio is favourable for my 'method' of trading and not necessarily because I think that team will win. If I lose on all three games it won't be a disaster - I have put effort into making a 'method' which in the long term hopefully will give me a return.
I have also taken the choice of showing a profit/loss on each post seeing as this is more of an experiment. I hope this will give a better idea of how things are developing rather than me saying I had a good/bad week. This will simply be the return I have made since the last update. Remember as I'm starting with a bank of £100 test fund to see if this works the returns will be small.
I will also post the number of games traded and the ratio of wins to losses. If I'm doing this right I want to be profiting even if I have more losses than wins.
Games traded since last update: 0
Wins - Losses: 0 - 0
Profit/loss since last update: £0.00
Test Fund: £100

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