Friday, November 19, 2010

Geeks Toy Free for 2011 and Charity Work

Great news Geeks toy will be free for 2011. Excellent news that the best product is the cheapest product. It now has excellent customisable charting.

Just to let you know that are also running a charity fundraiser for Children in Need.

There are loads of prizes up for grabs catering for all you traders and punters out there. Prizes include an annual API subscription, Trading notes etc.

So get along to the site now. Geeks Toy website

Tuesday, October 26, 2010

Geeks New Charts

Just back with a quick post about the new additions to A Geeks Toy. It now has all the possible charting options you could possibly want. In the video I have tried to demonstrate a few of them. The combinations and options are endless. I really like it when you hover over any runner in your ladder the graphs will automatically change to that selection.

There will always be some argument about how much use charts are in sports trading. I find them useful as a guide but still prefer to watch the market and look at amount traded at certain prices.

Will these new charts guarantee you will now become a successful trader? No but they give you one less excuse why your trading is no good :)

Saturday, October 2, 2010

Back soon

Just to say I will be start posting again soon. Now that the summer is over I should have a bit more time.

Friday, April 2, 2010

Good returns - March

March proved a good month for me I decided to concentrate most of my efforts on Horse Racing to get a true picture of my current ability in trading these markets. It payed off with a return of over £350 for the month. I traded a few races at Cheltenham and was very pleased with a return of over £20 a race on average. This was great as I was able to increase my stakes a little but also adapt to these markets which are different from the usual day to day races.

I also dabbled a little in some Aussie races and you can see a couple of these below. I was able to make reasonable profits. However I won't be doing these all the time as you need a break sometime. I also made about £20 from my football trading.
Next month sees the return of evening racing and hopefully the opportunity for part time traders to increase their monthly returns.

On a final note as I post this I do wonder what I am achieving by posting this. Is it for me? If it is I am not sure I need to post now as I am far more aware of my mental trading state now. Is it to help other traders? I am note sure how much it helps to know other traders are making money there are plenty of blogs that do that. Something for me to think about.

Thursday, March 18, 2010


Just a quick post. I am not a great reader of form but Denman is a huge price to win the Gold Cup tomorrow. He may have unseat AP last time out but in November he was absolutely awesome.

At the prices I think that Denman is the only bet. Of course Kauto Star may win but is no value at his current price. Whatever happens lets hope it is a great race. Should be plenty of liquidity for all the traders.

Monday, March 1, 2010

Recovery Mission - February

Got back on track in February. I managed to make a profit! The month started quite challengingly with a loss on the Superbowl. I suppose it was inevitabe after saying I was very confident with my Gridiron trading. I had built up a good profit but then risked far too much at the end of the game thinking the Colts would come back. I think i was a bit greedy trying to finish the season on a big high. The lesson from this mistake is not to risk too much when there is little time for any sort of recovery.. This mistake cost me £66.

My Horse Race trading has been steady if unspectacular netting £178 for the month. Hopefully I am warming up nicely for the greater opportunities in this month and beyond. As already stated the most pleasing development in my trading recently is my ability to trade more than one horse at a time thanks to the layout on Geeks Toy. I will try not to get too excited about Cheltenham as I will be at work most of the time. I also remember it can be quite difficult to adapt to the markets especially when you usually trade Kempton(AW) or Wolves.

I have tried to concentrate on just football for the rest of my trading this month. I often found that experimenting in some markets and inevitably losing in those markets can adversely affect my trading in other sports. The month was good with a few trading methods I am excited about if I can handle the long losing runs the strategy will generate but occasional big windfalls. I managed a profit of just over £100 from football. Just trading football and Horse racing in the next month will also give me some time away from my computer screen! The more I trade the more important I am realising this is becoming.

Looking forward to the rest of the year now I am profit for 2010.

Thursday, February 4, 2010

Lucky Last

Just a quick video to prove to myself that I can trade. I was pleased with this effort as I started the race with a loss and quickly closed that trade and moved on. It is taken from the last race of the day from a couple of weeks ago.

The Geeks Toy software is very quick and as I have mentioned before it is free. It is also very easy to customise.

Sunday, January 31, 2010

Negative Progress - January

Total Profit/Loss: -£111.93

January was a very strange month for me. I felt like I made progress for most of the month but lost control in one session and made a loss! This is really frustrating as so much of what I did this month was very promising.

Lets talk about the manic session first. I was trying to get near the target(in my head) I had set myself this month of £250 profit. I went passed the target and was feeling very happy with myself and decided to trade just one more race and then finish. What happened next was complete madness. My PC went on super go slow I think my anti-virus software was updating. This caused me to miss the start and lose £50 on the race. Now because for some reason I thought that it wasn't really my fault. So I decided to make it up on the next race and layed the fav which won. Then layed the fav in the next race and it also won, by the time the third fav won I had lost all my profit for the month and some more. If you are reading this you are probably thinking what an idiot and that is exactly how I feel.

The crazy thing is that I am much better with my general Horse Race trading and have been taking my losses and moving on. However my stupid mistake cost me big time. This is a big reminder for me that on Betfair it is easy to quickly undo the good work of a month or longer. Anyway hopefully I have learnt from this very expensive series of mistakes and can move on to Feb where there should be much better opportunities for some decent trading.

On the positive side my American football trading was very good and I continued to profit from the sport. It is a shame that there is only the Super Bowl to go. My football trading showed a small loss but generally was quite sound. I am currently working on a few strategies for this year with the world cup in mind.

Thursday, January 14, 2010

The Road Ahead!

So after much thought i have decided that I am going to try and take my trading to a new more profitable level. I plan to show that with some patience decent profits are possible for part time traders. The Blog will continue in the usual format with the addition of monthly updates on my profit(positive thinking!). By showing any profits I don't mean to show off but what I hope to show are that small profits are possible with a reasonable bank. If you are looking for someone making life changing profits then you are reading the wrong blog. I will continue with my main sports and try and develop the ones I identified in the last post.

The start of the year has been a bit strange with the limited racing opportunities. However I have made some decent money in the American Football and Football. This is just as well as on the rare occasions that I trade a UK race I just mess up. To be honest I would be better off just writing a cheque to a better trader and saving myself some valuable time.

Below is a video of some inplay football trading last night. I was using The Toy for this as I am for all my trading now. The software is excellent it is very user friendly and extremely fast which is so important in trading.

Apologies if you don't like the music but I was experimenting with adding a track on YouTube. There is always the mute button.

Monday, January 4, 2010

2010 - What should I do?

Happy New Year

The New Year has made me consider my part time trading in some depth. I feel my trading has reached a crossroads. Currently I have been trading for about 3 and a half years. I have dipped my toe into several different sports markets with mixed results. My main decision is whether my trading continues as a nice hobby that doesn't really make much money or I take this a little more serious to earn some decent extra cash. My initial thoughts would be to go with the latter however before when I have thought like that I have taken too many risks and ending up losing rather than making money.

To help my thoughts I have summarised my abilities in different markets.

American Football
My favourite sport to trade at the moment. I have a good knowledge of the sport that helps my decision making. I can regularly make 50-100% of my stake trading on Gridiron. The only downside is the timings of some of the games and the season is only 5 months long.

Horse Racing
I love these markets but they drive me crazy as well. My strike rate is about 75% and I feel confident in most markets. My biggest fault with these markets is trading too close to the off and having a bet taken just as the market closes then having to get out in-play. I could probably cure this by using take SP but I don't trust Betfair SP. Alternatively I could stop trading that bit sooner! Like many traders I feel I could be making so much more out of these markets but just can't seam to manage it. I also trade much better with a smaller bank e.g. I can usually make the same with a £250 bank as a £500 bank. I would also like to go back to working on a bot to make money while I am at work!

I am usually very good at trading football. My only downfall is when I let a trade become influenced by my heart. I need to be more active in these markets as I could be making more from them. I have mainly traded the match odds markets at the moment and want to expand my repertoire by investigating the correct score market and Over/Unders markets.

Limited experience. Similar to horses but much less liquidity. Think I will continue to give these a miss except maybe the televised races.

Frustrating. I love the game of cricket and am very knowledgeable(I think!)but have suffered from some big losses. This stems from greed basically and using stakes that I was not comfortable with. I want to develop this in the next year.

I am told the sport has huge potential but I haven't devoted enough time to the sport yet. I would like to learn more but am not sure I have the time this year.

Any other sports I have traded have usually been before the event. These usually generate small but stable returns.

The next few days look quiet so I will take a while to make my decision. I think that if I decided to make a real go of it I can make a decent amount but I have to be wary of putting too much pressure on myself.