No more pre game trading

The pre game trading was one of my strategies. Unfortunately it didn't work well. Actually I think it could be a nice niche market, but you can't do it just beside the inplay trading. Normally it's a lot of psychology in the offplay markets. Especially not experienced bettors have the tendency to back the big favourite (against every logic of value). After a loss with Stan Wawrinka, which I hoped to solve inplay (unfortunately it didn't work, I would categorize this trade as a small lack of discipline), I decided to stop with these kind of trades. I don't see a real edge, at least not without a big focus on the offplay market.

I didn't count this loss to my profit&loss statement (exactly -100 Euro), because I will not do this approach anymore. It's looking like an excuse, that's true. Probably I would count the profit if I could turn the trade in a winner. I am honest about this issue. You see, never believe a profit&loss blog ;-). I would not consider my blog as one of these categories. My figures (on the right side) are just shown to keep my focus and my discipline as high as possible. If there are a difference to real Betfair statement I will mention it like today. I don't like to lie about my numbers, there is no benefit for me to do that.

If you don't count the mentioned trade, I had a successful day. Nevertheless it was not that good like it should be. There were a lot of missed opportunities, once again... Unfortunately my focus drifted away after the lost trade with Stan Wawrinka. It never helps to start bad in a day. A professional trader has the mental strength to forget a loss in one second. He knows that his strategy works and there is a long term edge on his side. I am still not sure about it. The results (without the mentioned mistake) of Wimbledon are looking promising. I made over 150 Euro, what I also did in the weeks before. I know that the sample size is too small, nevertheless I am happy about the progress. Step after step I find my own way to trade. Below you find my profit&loss statement for Wimbledon. When you substract the mentioned trade of Wawrinka and the outright bet on Rafael Nadal (it was more fun than real believe) is exactly the value shown on the right side.

In summary Wimbledon was not my breakthrough, but a step in the right direction. I still make too much mistakes and miss opportunities which I shouldn't. Beside I take too often bad value.  

Tomorrow I will travel to New York. I just recognized that the 4th July is a special day in the USA. Let's see if there are some activities around the Times Square, where my hotel is. I think it's the right moment to take a break from the ladders. The last days were intense and like wrote yesterday, you have to consider the opportunity costs, which are quite high. After the holidays I will trade some smaller tournaments. The nice thing about tennis trading, there is always a tomorrow with new opportunities...