Total Football Trading The Paper Chaser – Days 38 to 42
6th January 2012
Hi Bloggers, Sgt Colin here.
5 days to review on this post, trading on three. The system only works with evening kick offs, so the holiday programme really doesn’t suit the approach.
Finished the year with a small win, as I backed Liverpool at home to Newcastle @ 1.57, closing out when the odds shortened to 1.54. A gain of 1.85 points
A small number of matches with sufficient funds staked, but only Mirandes v Santander was worth trading. Backed the home team at 2.4, laying at 2.36 to gain 1.61 points.
Wednesday 4th January
2 matches with money being placed – I decided to trade Everton at home to Bolton. I layed Everton at 1.55, but they shortened to 1.52 (when I closed out) – and even further to 1.48 by the usual closure time. This trade could have been a very profitable one had I placed the trade later – and getting the timing right remains one of the potential pitfalls in using this approach successfully. Lost 3.59 points on this trade.
Thursday 5th January & Friday 6th January
Only a single game eligible for trading on each day, but neither provided compelling evidence to trade.
This left the week as a virtual break-even.
34 trading days gone for The Paper Chaser
82 selections, 45 winners, 28 losers, 9 break-even (56% hit rate).
Cumulative gain 109.7 points,
Betting bank 1109.7 (from 1000 start point).
ROI – using the risk investment methodology. 35.9% (see Day 24’s blog for calculation method)