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849<h2 class='date-header'><span>Friday, May 16, 2014</span></h2>
850
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859<a href='https://interactivesportsinvestor.blogspot.com/2011/11/how-to-improve-your-sports-trading.html'>How to Improve your Sports Trading Results</a>
860</h3>
861<div class='post-header'>
862<div class='post-header-line-1'></div>
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864<div class='post-body entry-content' id='post-body-3929793079445477396' itemprop='description articleBody'>
865<div style="margin-bottom: 0pt; margin-top: 0pt;">
866<span style="font-family: Arial; font-size: 10pt;">Right now as we  write this article we'll be  shortly taking a well-deserved break from the sports markets, as activity on many of the sports wind down in preparation for the new year.</span> </div>
867<div style="margin-bottom: 0pt; margin-top: 0pt;">
868&nbsp; </div>
869<div style="margin-bottom: 0pt; margin-top: 0pt;">
870<span style="font-family: Arial; font-size: 10pt;">Of course, as an  admission that we're addicted to sports trading, this won't be a total break as there will still be lots to trade on. Also we  have some trading books to read and we will be taking time out to conduct a  review of our 2013 performance and to plan for 2014.</span> </div>
871<div style="margin-bottom: 0pt; margin-top: 0pt;">
872&nbsp; </div>
873<div style="margin-bottom: 0pt; margin-top: 0pt;">
874<span style="font-family: Arial; font-size: 10pt;">We highly recommend that you do the same.</span> </div>
875<div style="margin-bottom: 0pt; margin-top: 0pt;">
876&nbsp; </div>
877<div style="margin-bottom: 0pt; margin-top: 0pt;">
878<span style="font-family: Arial; font-size: 10pt;">Don't get us wrong, reviewing your trading performance is not just a 'once a year' event.</span> </div>
879<div style="margin-bottom: 0pt; margin-top: 0pt;">
880&nbsp; </div>
881<div style="margin-bottom: 0pt; margin-top: 0pt;">
882<span style="font-family: Arial; font-size: 10pt;">We actually conduct  different types of review after each trade, after each session, after  each week and then again monthly. And we also complete a six monthly  review, one of those being now, at the end of the calendar year.</span> </div>
883<div style="margin-bottom: 0pt; margin-top: 0pt;">
884&nbsp; </div>
885<div style="margin-bottom: 0pt; margin-top: 0pt;">
886<span style="font-family: Arial; font-size: 10pt;">While we will be  reviewing our P&amp;L figures and drilling right down into the stats such  as winning percentage and win/loss size ratio for each of the setups, our biannual review is not so much about that stuff. That gets taken care  of on a monthly basis.</span> </div>
887<div style="margin-bottom: 0pt; margin-top: 0pt;">
888&nbsp; </div>
889<div style="margin-bottom: 0pt; margin-top: 0pt;">
890<span style="font-family: Arial; font-size: 10pt;">The biannual review is  really a chance to reflect on your results, your plan and your goals  from a much higher level. And the best way to do that is...</span> </div>
891<div style="margin-bottom: 0pt; margin-top: 0pt;">
892&nbsp; </div>
893<div style="margin-bottom: 0pt; margin-top: 0pt;">
894<span style="font-family: Arial; font-size: 10pt;"><span style="background-color: yellow; font-weight: 700;">ASK YOURSELF QUESTIONS!!!</span></span> </div>
895<div style="margin-bottom: 0pt; margin-top: 0pt;">
896&nbsp; </div>
897<div style="margin-bottom: 0pt; margin-top: 0pt;">
898<span style="font-family: Arial; font-size: 10pt;">We know, you'd rather us just give you the answers, but that's not how life or sports trading works. The real  insights in life come from questioning what is happening and allowing  your inner
898-mentor to provide the answer.</span> </div>
899<div style="margin-bottom: 0pt; margin-top: 0pt;">
900&nbsp; </div>
901<div style="margin-bottom: 0pt; margin-top: 0pt;">
902<span style="font-family: Arial; font-size: 10pt;">Ideally, the questions  will also be customised to your needs. If you relax into the process  you'll know the questions to ask. But to get you started, maybe some of  the following questions will help provide you with an insight which will  make 2012 your best year yet.</span> </div>
903<div style="margin-bottom: 0pt; margin-top: 0pt;">
904&nbsp; </div>
905<ul>
906<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
907<span style="font-family: Arial; font-size: 10pt;">Am I enjoying myself?<br />
908&nbsp;</span>  </div>
909</li>
910<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
911<span style="font-family: Arial; font-size: 10pt;">Have I achieved my sports trading goals? Why? Why not?<br />
912&nbsp;</span>  </div>
913</li>
914<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
915<span style="font-family: Arial; font-size: 10pt;">Are my sports trading goals still relevant?<br />
916&nbsp;</span>  </div>
917</li>
918<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
919<span style="font-family: Arial; font-size: 10pt;">Is my sports trading plan current? Does it accurately reflect how I trade?<br />
920&nbsp;</span>  </div>
921</li>
922<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
923<span style="font-family: Arial; font-size: 10pt;">What is the strongest part of my sports trading plan? What can I do to improve it?<br />
924&nbsp;</span>  </div>
925</li>
926<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
927<span style="font-family: Arial; font-size: 10pt;">What is the weakest part of my sports trading plan? What can I do to improve it? What can I do to minimise the risk or impact?<br />
928&nbsp;</span>  </div>
929</li>
930<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
931<span style="font-family: Arial; font-size: 10pt;">What is the area of my sports trading plan that I haven&#8217;t really developed to its fullest potential?<br />
932&nbsp;</span>  </div>
933</li>
934<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
935<span style="font-family: Arial; font-size: 10pt;">Do I really know whether my plan provides a positive expectancy? How do I know?<br />
936&nbsp;</span>  </div>
937</li>
938<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
939<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my pre-trading preparation?<br />
940&nbsp;</span>  </div>
941</li>
942<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
943<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my identification of setups?<br />
944&nbsp;</span>  </div>
945</li>
946<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
947<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my entries?<br />
948&nbsp;</span>  </div>
949</li>
950<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
951<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my sports trade management?<br />
952&nbsp;</span>  </div>
953</li>
954<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
955<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my exits?<br />
956&nbsp;</span>  </div>
957</li>
958<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
959<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my post-trade review process?<br />
960&nbsp;</span>  </div>
961</li>
962<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
963<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my record keeping?<br />
964&nbsp;</span>  </div>
965</li>
966<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
967<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my longer term reviews (weekly, monthly, biannually)?<br />
968&nbsp;</span>  </div>
969</li>
970<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
971<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my discipline?<br />
972&nbsp;</span>  </div>
973</li>
974<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
975<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my consistency?<br />
976&nbsp;</span>  </div>
977</li>
978<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
979<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my sports trading psychology?<br />
980&nbsp;</span>  </div>
981</li>
982<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
983<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my money management?<br />
984&nbsp;</span>  </div>
985</li>
986<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
987<span style="font-family: Arial; font-size: 10pt;">What is one thing I could do right now to improve my risk management?<br />
988&nbsp;</span>  </div>
989</li>
990<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
991<span style="font-family: Arial; font-size: 10pt;">What do I fear most in my sports trading?<br />
992&nbsp;</span>  </div>
993</li>
994<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
995<span style="font-family: Arial; font-size: 10pt;">What am I embarrassed to talk to others about when discussing my sports trading?<br />
996&nbsp;</span>  </div>
997</li>
998<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
999<span style="font-family: Arial; font-size: 10pt;">What was the low point of the last six months? What will I do to prevent that reoccurring?<br />
1000&nbsp;</span>  </div>
1001</li>
1002<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
1003<span style="font-family: Arial; font-size: 10pt;">What was the high point of the last six months? What will I do to ensure that repeats again in future?<br />
1004&nbsp;</span>  </div>
1005</li>
1006<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
1007<span style="font-family: Arial; font-size: 10pt;">How do I plan to improve in coming months?<br />
1008&nbsp;</span>  </div>
1009</li>
1010<li>  <div style="margin-bottom: 0pt; margin-top: 0pt;">
1011<span style="font-family: Arial; font-size: 10pt;">What are my current life goals? What are my current sports trading goals.</span>  </div>
1012</li>
1013</ul>
1014<div style="margin-bottom: 0pt; margin-top: 0pt;">
1015&nbsp; </div>
1016<div style="margin-bottom: 0pt; margin-top: 0pt;">
1017<span style="font-family: Arial; font-size: 10pt;">
1017It's that simple.  Hopefully there's one or two in the list that you really related to. If  not, you'll need to find your own question. Relax, and ask yourself,  'What is the most important question I need to ask myself to improve my sports  trading?' Then let the question go. The answer will come when it's  ready.</span> </div>
1018<div style="margin-bottom: 0pt; margin-top: 0pt;">
1019&nbsp; </div>
1020<div style="margin-bottom: 0pt; margin-top: 0pt;">
1021<span style="font-family: Arial; font-size: 10pt;">Here's hoping 2014 is the best year of your life so far!</span></div>
1022<div style="margin-bottom: 0pt; margin-top: 0pt;">
1023<br /></div>
1024<div style="margin-bottom: 0pt; margin-top: 0pt;">
1025<span style="font-family: Arial; font-size: 10pt;">For more information visit <a href="http://www.interactivesportsinvestor.com/">www.interactivesportsinvestor.com</a>&nbsp;</span> </div>
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1075          <div class="date-outer">
1076        
1077<h2 class='date-header'><span>Wednesday, April 30, 2014</span></h2>
1078
1079          <div class="date-posts">
1080        
1081<div class='post-outer'>
1082<div class='post hentry uncustomized-post-template' itemprop='blogPost' itemscope='itemscope' itemtype='http://schema.org/BlogPosting'>
1083<meta content='6189875048160153768' itemprop='blogId'/>
1084<meta content='4484207187727304416' itemprop='postId'/>
1085<a name='4484207187727304416'></a>
1086<h3 class='post-title entry-title' itemprop='name'>
1087<a href='https://interactivesportsinvestor.blogspot.com/2011/10/traffic-light-risk-management-strategy.html'>The 'Traffic Light' Risk Management Strategy</a>
1088</h3>
1089<div class='post-header'>
1090<div class='post-header-line-1'></div>
1091</div>
1092<div class='post-body entry-content' id='post-body-4484207187727304416' itemprop='description articleBody'>
1093<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1094<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Would  you like to discover a quick and simple risk management strategy that  is easy to apply to any trading plan, and has the potential to vastly  improve results? Excellent!</span></div>
1095<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1096<br /></div>
1097<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1098<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">We are not talking about the placement of stop losses, which is what most  people consider as &#8216;risk management&#8217;. Rather, this is a simple tool for  managing the risk in your sports trading activities.</span></div>
1099<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1100<br /></div>
1101<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1102<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Effective sports trading requires focus and discipline. There are many external factors  that can interrupt your focus, and destroy your discipline, such as:</span></div>
1103<ul>
1104<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1105<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">An unreliable internet connection</span></div>
1106</li>
1107<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1108<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Your sports trading software losing its signal or the betting exchange going down. </span><span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;"><br />
1109</span></div>
1110</li>
1111<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1112<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">A knock at the door</span></div>
1113</li>
1114<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1115<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">
1115The telephone ringing</span></div>
1116</li>
1117<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1118<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">A baby crying</span></div>
1119</li>
1120<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1121<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Hunger</span></div>
1122</li>
1123<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1124<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Noticeably too hot or cold</span></div>
1125</li>
1126<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1127<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Fatigue (hopefully from late night sports trading study, rather than alcohol and party induced fatigue)</span></div>
1128</li>
1129</ul>
1130<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1131<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">And  as if that&#8217;s not enough, there are many internal factors that can also  interrupt your focus, and destroy your discipline, leading you to make  decisions and actions based on emotion, rather than following your  documented trading plan. You&#8217;ve no doubt experienced some of these  already. The internal factors would include things such as:</span></div>
1132<ul>
1133<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1134<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Hesitation in entering once price triggers an entry</span></div>
1135</li>
1136<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1137<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Hesitation in exiting when price hits your stop loss</span></div>
1138</li>
1139<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1140<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Doubt about your entry after entering the trade</span></div>
1141</li>
1142<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1143<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Fear of exiting at your stop loss</span></div>
1144</li>
1145<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1146<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Worry about how you will explain another loss to your partner</span></div>
1147</li>
1148<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1149<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Any thought about an early exit of this trade, just to make up for earlier losses</span></div>
1150</li>
1151</ul>
1152<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1153<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">There&#8217;s a whole lot more, but hopefully you get the point.</span></div>
1154<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1155<br /></div>
1156<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1157<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">One flaw in many sports trading plans is the absence of a valid strategy for managing these risks. So, let&#8217;s fix that situation.</span></div>
1158<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1159<br /></div>
1160<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1161<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">The problem is,sports traders have no guidelines as to:</span></div>
1162<ul>
1163<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1164<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">When the risk justifies us stopping our trading,</span></div>
1165</li>
1166<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1167<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">When to just pause trading and manage the issue, or</span></div>
1168</li>
1169<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1170<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">When to ignore it and continue trading.</span></div>
1171</li>
1172</ul>
1173<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1174<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">The  way we do this is using a very simple risk management strategy developed  by Shell, a global group of energy and petrochemical companies.  Obviously they didn&#8217;t create it for use in sports trading &#8211; we just find that it  works really well in this environment. </span></div>
1175<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1176<br /></div>
1177<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1178<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">What  we need to do is firstly classify your current trading as being in a  GREEN, AMBER or RED condition. Think of a set of traffic lights. GREEN  indicates that everything is fine. This is the desired sports trading  environment. RED is a compulsory STOP condition. And AMBER is a warning  that you need to be prepared to stop.</span></div>
1179<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1180<br /></div>
1181<div style="margin-bottom: 0px; margin-top: 0px;">
1182<span style="font-family: Arial,sans-serif; font-size: 10pt; line-height: 115%;">What we&#8217;d like you to consider is documenting any RED conditions within your sports trading plan. This might include things like:</span></div>
1183<ul>
1184<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1185<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">An unreliable internet connection</span></div>
1186</li>
1187<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1188<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Your sports trading platform losing it&#8217;s signal (when you have no alternative)</span></div>
1189</li>
1190<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1191<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Fatigue  due to less than six hours sleep the night before, or more than four  consecutive nights with less than eight hours sleep (customise this for  your own requirements)</span></div>
1192</li>
1193</ul>
1194<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1195<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">These  are mandatory STOP sports trading criteria. Alongside each of these risks you  need to define the actions you will take. For example, how will you  manage your software going down? If you&#8217;re a long term trader  this might not cause too much stress and may actually be an AMBER rather  than RED &#8211; your stops may be in the market and you probably have  alternative software options. However if you&#8217;re a horse racing trader operating  on small timeframes, this is clearly a RED criteria. You may choose to  manage this by having direct contact by phone to the betting exchange operator you use and closing out all  positions.</span></div>
1196<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1197<br /></div>
1198<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1199<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">So,  for each risk we define as a RED, we simply document a procedure to  manage that situation. And when one of these conditions emerges while  trading, we carry out our procedure, and then stop trading until the  condition has gone.</span></div>
1200<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1201<br /></div>
1202<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1203<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Now,  everything else that is not as serious as a RED, but can still  influence our sports trading, is an AMBER. The problem here is, as mentioned  before, when does it justify stopping, or when should we just continue  with our sports trading?</span></div>
1204<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1205<br /></div>
1206<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1207<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">The traffice light risk management strategy simply states that if you get  three or more AMBER conditions then that is also an automatic stop. At  that point you can either quit for the day and head for the golf course,  or manage your AMBERs back to GREEN and resume trading.</span></div>
1208<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1209<br /></div>
1210<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1211<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">So,  if your baby is teething, and just won&#8217;t stop crying despite your  partners attempts to comfort him/her, and you just suffered your second loss  in a row, and you now find yourself hesitating at an entry trigger &#8211;  that&#8217;s three AMBERs.</span></div>
1212<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1213<br /></div>
1214<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1215<span style="color: #ff3300; font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;"><b style="color: red;">STOP TRADING!</b> </span></div>
1216<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1217<br /></div>
1218<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1219<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Before  you continue, make sure you manage your risk back into GREEN, or at  least less than three AMBERs. Perhaps take a short break to review your  two losses and confirm that the setups were valid, review your sports trading  statistics to confirm that two losses in a row is a normal occurrence,  and conduct a short relaxation and visualization session. If you&#8217;re  braver than we are you might also ask your partner to take the baby out  for a drive (ask nicely though!)</span></div>
1220<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1221<br /></div>
1222<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1223<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">If  you&#8217;re satisfied that you&#8217;ve now managed the situation back to less  than three AMBERs, or ideally completely back to GREEN, then you&#8217;re  right to start trading again. Otherwise, take the day off. Sometimes a  &#8216;three AMBER&#8217; complete break from sports trading is a wise move.</span></div>
1224<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1225<br /></div>
1226<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1227<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">While  we all hope that our sports trading will occur within a completely GREEN  environment, life&#8217;s just not like that. The Traffice Light risk  management strategy gives you a simple guideline for when enough is  enough &#8211; and you need to either stop completely, or reduce some of the  external or internal risks. Try it, and see if it helps in your sports trading  as much as it does in ours.</span></div>
1228<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1229<br /></div>
1230<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1231<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">It&#8217;s simple:</span></div>
1232<ul>
1233<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1234<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">GREEN is GO,</span></div>
1235</li>
1236<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1237<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">AMBER is CAUTION and </span></div>
1238</li>
1239<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1240<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">RED is STOP, but</span></div>
1241</li>
1242<li><div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1243<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">3 AMBERs are equivalent to a RED. Stop trading, or manage those AMBERs back to GREEN.</span></div>
1244</li>
1245</ul>
1246<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1247<br /></div>
1248<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1249<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Happy (hopefully GREEN) trading</span></div>
1250<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1251<br /></div>
1252<div class="MsoNormal" style="margin-bottom: 0px; margin-top: 0px;">
1253<span style="font-family: 'Arial','sans-serif'; font-size: 10pt; line-height: 115%;">Find out more at <a href="http://www.interactivesportsinvestor.com/">www.interactivesportsinvestor.com</a>&nbsp; </span></div>
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1259Posted by
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1263<span itemprop='name'>Interactive Sports Investor</span>
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1271</span>
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1301        
1302
1303          <div class="date-outer">
1304        
1305<h2 class='date-header'><span>Wednesday, July 27, 2011</span></h2>
1306
1307          <div class="date-posts">
1308        
1309<div class='post-outer'>
1310<div class='post hentry uncustomized-post-template' itemprop='blogPost' itemscope='itemscope' itemtype='http://schema.org/BlogPosting'>
1311<meta content='6189875048160153768' itemprop='blogId'/>
1312<meta content='381999441402737929' itemprop='postId'/>
1313<a name='381999441402737929'></a>
1314<h3 class='post-title entry-title' itemprop='name'>
1315<a href='https://interactivesportsinvestor.blogspot.com/2011/07/boredom-road-to-ruin.html'>Boredom - The Road to Ruin!</a>
1316</h3>
1317<div class='post-header'>
1318<div class='post-header-line-1'></div>
1319</div>
1320<div class='post-body entry-content' id='post-body-381999441402737929' itemprop='description articleBody'>
1321I had planned an afternoon of trading tennis today and was all ready to go when the rain started in Gstaad so all the matches were delayed - hence no tennis now this afternoon.<br />
1322<br />
1323This normally leads to me having a look around the Betfair markets for football or horse racing to trade but often because I hadn't planned to trade these markets I trade matches or races that I haven't really done the necessary amount of research on or even if I do my research the matches don't fit my criteria but I trade them anyway out of boredom or a misplaced sense of duty that I 'should' be trading. More often than not this leads to poor trading and losses and you are left with that horrible sensation of thinking you would have been better off doing nothing.<br />
1324<br />
1325So I suppose the moral of this story is don't trade for the sake of trading, only trade markets that you are experienced in and that you have a good understanding of. So for example, don't trade a Japanese football match (unless you have a good understanding of the league and the teams involved) or a tennis match between 2 players you have never even heard of because ultimately, this is just gambling and you have no more than a 50% chance of getting it right.<br />
1326<br />
1327As with most things in life its quality rather than quantity of trading that really counts so if you find yourself in this situation - scouring Betfair for something to trade - imagine how you will feel if you trade for 4 hours and end up losing money compared to how you would feel switching off your PC and going to play golf and then trading the matches you want to trade later or tomorrow.<br />
1328<br />
1329Anyway, I'm just off to trade Croatia v Italy in the 2011 Water Polo Championships!!<br />
1330<br />
1331For more information on trading the sports markets, visit<a href="http://www.interactivesportsinvestor.com/"> www.interactivesportsinvestor.com </a>&nbsp;
1332<div style='clear: both;'></div>
1333</div>
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1337Posted by
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1339<meta content='https://www.blogger.com/profile/10489881622949982832' itemprop='url'/>
1340<a class='g-profile' href='https://www.blogger.com/profile/10489881622949982832' rel='author' title='author profile'>
1341<span itemprop='name'>Interactive Sports Investor</span>
1342</a>
1343</span>
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1383<h2 class='date-header'><span>Monday, July 25, 2011</span></h2>
1384
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1393<a href='https://interactivesportsinvestor.blogspot.com/2011/07/is-making-money-on-betfair-really-that.html'>Is Making Money on Betfair really that Easy?</a>
1394</h3>
1395<div class='post-header'>
1396<div class='post-header-line-1'></div>
1397</div>
1398<div class='post-body entry-content' id='post-body-5243655977893452724' itemprop='description articleBody'>
1399We talk to people all the time that want to make money trading/gambling on Betfair as they love Sport and they see it as an opportunity to give them an enviable lifestyle and release them from the shackles of their boring 9 - 5 life.<br />
1400<br />
1401What never ceases to amaze us though is that the vast majority of these people are not willing to put the time and effort into becoming successful. More often than not, they will deposit a couple of hundred pounds in their account and after a few weeks, they have lost it and they become disillusoined and then think that its just not possible to make a living trading on Betfair.<br />
1402<br />
1403Now, consider this, how long does it take to train to become an accountant, a doctor or a vet or in fact, how long does it take to become proficient at any well paid job - the answer is typically measured in years and definitely not months.<br />
1404<br />
1405Consider also, in any other profession would you not have some sort of formal education to become proficient? Well why do people undertaking a career (even if its part time) not take advantage of the education and help that is available? I can only guess that it comes down to the fact that they are not willing to pay for this education - but what about the saying 'speculate to accumulate'. You will lose far more money than it costs for the education by trying it on your own and you will probably give up - denying yourself the opportunity and lifestyle that sports trading undoubtedly gives to those willing to master it.<br />
1406<br />
1407So the next time you start trading, ask yourself, are you giving yourself the best chance of success? Why 
1407not complete our Free Investor Profile questionnaire to get an idea of the level you're at - click on the following link take the <a href="http://www.interactivesportsinvestor.com/categories/20110710_7#en">Sports Traders Health Check</a> &nbsp; <br />
1408<br />
1409For more information on trading the Sports Markets, please visit<a href="http://www.interactivesportsinvestor.com/"> www.interactivesportsinvestor.com.</a>
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1419<span itemprop='name'>Interactive Sports Investor</span>
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1461<h2 class='date-header'><span>Thursday, July 21, 2011</span></h2>
1462
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1471<a href='https://interactivesportsinvestor.blogspot.com/2011/07/what-is-value.html'>What is Value?</a>
1472</h3>
1473<div class='post-header'>
1474<div class='post-header-line-1'></div>
1475</div>
1476<div class='post-body entry-content' id='post-body-7302148705082099125' itemprop='description articleBody'>
1477I was on the Betfair forum the other day having a chat with various people about various things and we got onto the subject of value and one guy was adamant that there was never any value in backing tennis players at odds of less than 1.08.<br />
1478<br />
1479Now I could see his point in that you have to risk a lot of money to make decent returns backing at odds as low as this but as far as I'm concerned you can get value at any price if the price you are paying is too low. You will notice as well that liquidity on matches where the favourite is priced at under 1.1 is normally very high because a lot of punters see backing the favourite at these prices almost as 'free' money which of course it never is as now and again the huge underdog pulls off a massive shock and wins - thats the beauty of Sport!<br />
1480<br />
1481From a traders perspective its less stressful trading down at 1.1 price range but clearly to make decent returns you have to have a large bank to play with. The reason its less stressful are that say y
1481ou back the server at odds of 1.1 and he gets his serve broken in the first game then his price would only go out to around 1.2 maybe 1.25 so you have 'lost' 15 ticks eg using a stake of &#163;500 you would be &#163;60 down if you were to hedge out but remember the favourite is still priced at 1.25 so still heavily expected to win so you have a choice, you either let the trade run in the hope that he comes back (the chances are that he/she will) or you hedge out and take the &#163;60 loss and recover this later by backing the favourite at the new higher price.<br />
1482<br />
1483Compare this to backing a moderate favourite priced at 1.6 with &#163;500, now obviously the returns are much higher if this player wins and you have backed them but in the same scenario if the favourite's serve was broken early then their price could quite easily go out to around 2.1, if this happened you could hedge out for &#163;120 loss - its more likely to happen and if it does you have a much bigger loss. The problem with trading in this price range is that when a point goes against you, the money on the ladder can disappear and if you want to hedge out you end up having to hedge out at a ridiculous price as its the only price available. &nbsp; &nbsp; &nbsp;<br />
1484<br />
1485I guess as with all these things it depends on your attitude to risk but you do have to question why liquidity in matches - tennis especially - is so much higher when there is a heavy favourite involved.<br />
1486<br />
1487For more information on trading the Sports Markets, please visit <a href="http://www.interactivesportsinvestor.com/">www.interactivesportsinvestor.com</a><br />
1488&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
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1494Posted by
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1498<span itemprop='name'>Interactive Sports Investor</span>
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1539        
1540<h2 class='date-header'><span>Monday, July 18, 2011</span></h2>
1541
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1550<a href='https://interactivesportsinvestor.blogspot.com/2011/07/will-he-stay-or-will-he-go.html'>Will he stay or will he go?</a>
1551</h3>
1552<div class='post-header'>
1553<div class='post-header-line-1'></div>
1554</div>
1555<div class='post-body entry-content' id='post-body-6563914100851271978' itemprop='description articleBody'>
1556Well as a keen Man City fan, I have been reading with interest over the last few weeks about the Tevez saga and whether he's leaving or not. It now looks like a foregone conclusion that he is heading back to Corinthians and I just wish they had let him go sooner as the last thing any team needs is player whose heart isn't in 
1556it. Let him leave and start focussing on the players that are there and the new season.<br />
1557<br />
1558What will be interesting though will be to see if the odds on City to win the title start to go out as a result of him leaving. They are currently 3rd favourites and priced at 5.2 but they were as low as 4.9. I have no doubt that him leaving will impact the team adversely, when he didn't play last year, the team didn't look as dangerous and he scored a third of City's league goals last year.<br />
1559<br />
1560However, I was surprised when I looked at the stats in more detail as actually City didn't really miss him that much when he didn't play - in the 2 seasons he has played for City the team has won 52% of the matches he has played in and 50% of the matches they have played without him. Also, the team only scores 0.06 less goals per game without him in the team.<br />
1561<br />
1562So I predict, that City will cope without Tevez fine next year although City's price to win the title will drift a bit over the next few weeks when they secure Aguerro and he starts banging in the goals, their price will start to come in again.....or is that just wishful thinking??<br />
1563<br />
1564For more information on Sports Trading, please visit<a href="http://www.interactivesportsinvestor.com/"> www.interactivesportsinvestor.com </a>&nbsp; &nbsp; &nbsp; &nbsp; <br />
1565<br />
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1576<span itemprop='name'>Interactive Sports Investor</span>
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1583<a class='timestamp-link' href='https://interactivesportsinvestor.blogspot.com/2011/07/will-he-stay-or-will-he-go.html' rel='bookmark' title='permanent link'><abbr class='published' itemprop='datePublished' title='2011-07-18T08:37:00-07:00'>8:37&#8239;AM</abbr></a>
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1618<h2 class='date-header'><span>Wednesday, July 13, 2011</span></h2>
1619
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1628<a href='https://interactivesportsinvestor.blogspot.com/2011/07/tennis-in-play-odds.html'>Tennis In Play Odds</a>
1629</h3>
1630<div class='post-header'>
1631<div class='post-header-line-1'></div>
1632</div>
1633<div class='post-body entry-content' id='post-body-8577579649916327692' itemprop='description articleBody'>
1634I was trading a match this morning and it reminded me of why I love trading tennis so much because the opportunities to make profits are amazing. The match in question was Kolar v Pervak at a WTA tournament in Austr
1634ia. To give you some background, Kolar is a sixteen year old who has been quite successful on the ITF tour and is obviously one for the future but this is her first WTA tour event. Pervak is a seasoned pro and is ranked 61 in the World.<br />
1635<br />
1636Anyway, Kolar won an error strewn first set 6 - 4 largely due to the fact that Pervak was serving terribly, she must have had around 10 double faults. Anyway, Kolar then went a break ahead in the second set and in fact raced to a 5 - 2 lead and by this point she was priced at around 1.04 but remember, she was only one break of serve up and was a game away from the biggest win of her career. There wasn't actually much between the players on the day, Pervak was just making more unforced errors.<br />
1637<br />
1638As you can guess, Kolar tightened up as victory was within her grasp and Pervak won the second set and then went onto win the match so anyone that Layed Kolar late in the second set would have made a great return whilst risking little.<br />
1639<br />
1640The point I am trying to make is that when trading tennis you have to look at the big picture and work out the real chances of a certain outcome happening. In the example below, whilst Kolar should have been favourite when she was 5 - 2 up in the second, should she really have been priced as low as 1.04. Remember, she is only 16 and has never even played a WTA event before, she was bound to tighten up.<br />
1641<br />
1642So when trading tennis, don't just look at the ladder interface on <a href="http://www.interactivesportsinvestor.com/">ISI Trader</a>, make sure you think about the bigger picture and try and think what each player is thinking. You will find that players are priced too low sometimes as they approach victory as closing out matches is always difficult especially for the underdog.<br />
1643<br />
1644For more information on Sports Trading, please visit<a href="http://www.interactivesportsinvestor.com/"> www.interactivesportsinvestor.com.</a><br />
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