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Monday, 5 December 2011

Good start to a big month and shelving LTD.

December is an expensive month. Even more so, now we've discovered the Lambretta Towers re-furb will be a lot more expensive than previously thought. The good news though, the month is off to a flyer.

Saturday's nag trading could've been truly amazing but it did go very well. The weekend's football was also very good. A dutch of Chelsea, that didn't include 0-3, a late 0-2 meant nice green. And a dutch of Man Utd, which didn't include 0-1, the goal was early enough and the game looked a little shaky, so a decent early green taken there. I planned to LTD Sheff Wed in the FA Cup but there wasn't enough money in the market. They scored the winner just after 60 minutes. Yesterday, after finishing yet another lengthy stint with the paint brush, I laid Stoke and backed 0-1 - scratch. Wolves v Sunderland went a lot better. Laid both 0-0 and U2.5 at HT, game finished 2-1.

Over these last few months, I have been making comparisons between, your friend and mine, the LTD and the dutch trade. After much deliberation, I have take the decision to stop laying the draw throughout the month of December.
Both the bank and the study time allocated to LTD will be utilised for dutch trades. There's a couple of reasons for doing this. If I dutch 4, 5 or 6 scores in a game, my potential red is a great deal less than if LTD. Plus, and this is a major benefit, I have a great many more opportunities to exit a trade for a much smaller loss than if LTD. Another major benefit is the likelihood of many more tradeable games each day. The only real danger to the dutch is very quick, early goals, even then you can, very often, exit for scratch. The big decider will be the P&L for that account at the end of the month. All trades will be posted here. Tonight will be Fulham v Liverpool. 0-0, 0-1, 1-1, 0-2, 1-2.

X-Factor trading truly could not have gone any better. Misha was laid last week as an outright. As predicted, she is now gone. I originally backed Marcus at 26, I have now laid him back at 2.6, to scratch, he's now 3.9.
Suddenly, Amelia Lily looks big at 3.5.

Whatever you trade, stay green.

3 comments:

  1. Hi,
    Great blog, great read - really enjoy your updates.
    When dutching the scores do you aim for a certain percentage return on your stake? I have read on your "dutching the scores" page that you are only prepared to lose half (50%) of your stake when dutching so are you aiming for a similar return. For easy example My stake is £100 - £50 max loss should i be aiming for £50 target return?
    Any help or advice would be much appreciated
    Thanks
    Keith

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  2. Hi Keith,

    Thanks for your comments.

    Truth is, I never aim to get X amount. By doing so, IMO, you're adding unnecessary pressure to the trade.
    Whether football or racing, I'll trade with the objective of not losing. Focusing on bank preservation should, by default, ensure you have more winning trades than losers. Let me know how you get on and feel free to fire anymore questions.

    L.

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  3. I'll be keeping a weather eye on your thoughts about dutching versus LTD, Lamb. Keep up the good work!

    ReplyDelete