Too hard
There are many thousands of markets that will come under your eyes each year. So which ones should you do? The hard ones or the easy ones. Not a difficult question is it? So why do so many people pick situations that are likely to fall into the too hard category? I’ll explain on another post, but before that, let me explain how I approach each opportunity.
When I approach a market, I will label it easy, not sure or too hard. Tonght we had some Carling cup football matches on and I filed this in the too hard category. Teams with little incentive, unusual team line ups, it’s all a bit too tough to make a sound judgement on, so I will pass. Perhaps worth a speculative postion, but not much else.
Imagine you are batting at a cricket crease, but there is no wicket. You can let the bowler chuck balls at you all day long without getting out. All you need to do is wait for an easy delivery. When you see it, hit it. You should look to do exactly the same when you are looking for an opportunity in a market. If you don’t like the current one, another will be along in a minute. Try and hit everyone and you will probably do a poorer job overall.
Doing nothing can, rather curiously, be doing something.
Category: Cricket, Football trading strategies, Trading strategies
