I'm going to reveal something now that might surprise many of you. Back at the beginning of the year, I wrote about how I had traded for a betting syndicate in October 2012 and how I had a few offers from potential investors to do something along similar lines. There was much debate amongst the blogging world at the time, about the merits of what I was doing and not long after, there was even more talk about the negative side of entrusting someone else with your money, as the 'Betfair King' (aka Elliot Short), was found to be a fraudster. Very few people had a good thing to say about the pluses of such a deal but then, very few people will have experienced the pros of a successful mutual trading agreement. But I have. Twice.
Because of all the negativity, I decided to stay tight-lipped and not write about this subject any further but I can now reveal that the main reason that I am experiencing such great profit over the past few months, is because one person (who will remain un-named) decided to take a chance on me. It wasn't a particularly large sum of money (in fact, it was the smallest amount that I'd initially discussed of all the offers I've had) but I always insisted that I didn't need a large amount; just something to kick-start me and enable me to reach a stage where I can compound on my own. I have now finally reached that stage. So my investor has made back all his money and several times that, in just a few short months. Had he not taken the plunge and trusted me, I would not be in the position that I'm now in and I am extremely grateful for that. So much so, that although I no longer require his investment, I want to reward him for giving me an opportunity where most others wouldn't (all the other potential investors I spoke to elected not to get involved and in fact, a couple of them disappeared without a word, mid-discussion, which I find extremely rude).
So I'll be continuing our partnership for a while longer yet and hopefully making both of us more money. It's not gonna be for everyone but for every Elliot Short disaster (and let's face it, that was a one-off in terms of the sheer scale and incredulity), I'm sure there are plenty of smooth, success stories - you just don't get to hear about them. Which is why I wanted to write about it here on Centre Court Trading but also to put in writing my sincere thanks to my investor. It just goes to show you that there are good, trustworthy people out
there and that taking calculated, well-researched risks can reward the
July has broken my monthly profit record again, which shows that you don't need a Grand Slam to make money trading tennis (Wimbledon ended on July 6th but I made relatively little profit on those last few days). There were also no Masters 1000 or WTA Premier events all month, which proves what I've said for a long time: quality of sport has little or no effect on trading opportunities (as long as you know your stuff). The only difference is in the liquidity available, which has not been an issue for me personally.
We are now into the final third of the tennis season and that starts with the run up to the US Open. With matches taking place in the evening, European time, liquidity will be strong, as many part-time / casual traders are now able to give tennis a shot after their working day is over. I personally dislike this period as it plays havoc with my social life but it will at least mean I can experiment with some larger stakes and see if I can take my profit up to another level. I will also be keeping a close eye on the football when it starts. After a couple of successful months trading soccer recently, I want to see if I can continue it this season. Or maybe I'm just becoming more and more greedy the more money I make! It's not a quality I admire but in this game I've come to realise that there is no point holding back and being content when you never know what's around the corner. The words "hay", "sun" and "shine" have never been more pertinent.