Monday, September 17, 2007

Confidence Back On Track

Yesterday P/L +£565.6
Yesterday was most satisfactory day in Twenty20 World Cup for me so far and 'Predicting Target Odds' formula for 1st innings in matches which i traded (India v Nz and England V Sa) worked well.Ended up with profit of 426.6 in Newzealand/India match and 138.9 in South africa/England match and no trading in Australia v Bangladesh match.I was really conscious to trade in 1st innings as planning was not going well in tournament.
Not going in detail because everything is in 'Inplay Posts' or prematch plan.
Newzealand Odds in range 1.5x was good free lay in 1st innings of their match against India and 2.4+ odds of South africa was good to back in their match against England when it was looking that score is going to be near about 150.
2nd innings was as usual as before in both matches although traded little in 2nd innings after good first innings.
P.S:
My advise is that it will be better to minimize stakes in these matches to gain more because markets are very volatile.I reduced my stakes more than 50% that helped me to stay cool and 'wait and watch time' is also increased.Everyone knows that there are flip flop in most of the Twenty20 matches but frankly how many layed India heavily including myself in 1.2x in there chase against NZ or England in innings break at 1.71 against South africa.The answer is very few but imagine if you are laying them for 100 in 1.2x or 1.7x according to plan then liability is less which gives you much more wait and watch time and peace of mind.
Twenty20 is dangerous put your small money on it unless you find good free lay or very good trading opportunity and never back short odds of any team in the match.Today is only one match.Srilanka v Pakistan and i will probably going to miss that but those who wants to trade in this match keep in mind 'Predicting Target Odds' in 1st innings and by that i can say if Pakistan bat first back Lanka 1.9+ whenever it comes or if Lanka bat first assume their odds in 150-230 range and post here as comments.
My opinion is try to find free lay early in 1.2 to 1.3 range if Lanka bats first and there is flying start because only Jayasurya wicket will drift Lanka odds by 20 ticks.
Waiting for your comments.
Thats all for now.
Good bye and best of luck.

1 comment:

Mark Iverson said...

Great result Dip!

Well done.

Mark