lördag 7 juni 2014

And some coins for comfort

I made some successful trades on the Swedish Superettan football today. This is the second league so I was unsure about liquidity and kept my stakes low. But without competition from more major leagues having my €75 stakes matched proved no problem. Backed Ljungskile and Sundsvall this morning and traded out small profits during the afternoon. It's mostly petty cash, about €5 but it's so nice to be winning again. Still €15 in the red for this week though.

I've also secured €3 on the Montreal F1 race. Placed a lay on Alonso at 26 after he topped the first free practice. This is not a Ferrari track, it's a Mercedes and Hamilton track, and narrowly topping the times on a very dirty track in FP1 after being nowhere earlier in the season just doesn't mean anything. After qually (P7) Alonso is trading around 100 but I closed out the trade before FP3. Overly cautious as it turned out but having €500 running during a Qually session doesn't feel great even if I was very sure Alonso wouldn't be top 5 once laptimes really mattered.

Things can happen, weather, a badly timed red flag for a crash or a mechanical failure on the top runners and Alonso could be on the front row priced at 6. Then I would be in big trouble. Better safe than sorry. This is trading, not betting. 

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