2012 US Masters day two
As predicted the McIlroy / Woods battle didn’t really take off on the first day. Henrik Stenson looked like he was going to create some waves but equalled the worst ever 18th with a snowman (an 8). This was a real shame because he was pulling off such a great move that the green on him alone was worth a fortune, if I had traded out, but I didn’t! I went back and reviewed his round and he had a great nine but at the turn he stopped hitting the fairways and that turned out to be a great signal to exit the trade. That’s one for the notebook there.
A couple of decent movers have emerged from the middle of the pack and we have had a couple of poor performances from the front of the field, so I’d class day one as generally positive from a trading perspective. I had expected the weather to close in and create problems for big guns that were starting later, but that never happened. Coupled with the failure to close Stenson at the right point, I’d say it was a a positive start, but not the best ever. So we roll onto day two.
There was an interesting interview with Jack Nicklaus, where he said he won so many majors by just playing his game, not taking any risks and staying in contention and out of trouble. This is pretty much how I trade. I look for low risk, clear cut opportunities and if I don’t see one I do nothing. If I am nervous, I would rather scratch something than risk it going against me. The market always delivers opportunity after opportunity, all the time. So I feel my role is limited to just sitting here and trying and picking a quality opportunity at the lowest risk. If I miss one or none occur, it doesn’t matter, because another will be along in a minute. If you get into this mode, you get better and better at spotting quality opportunities. But you have to learn to overcome the feeling that doing nothing isn’t a productive use of your time. It very often is!
Most profitable trades on day one to £10 level stakes, full list available on the forum.
Peter Hanson – 210 to 34 – £51.76
Paul Lawrie – 380 to 75 – £40.67
Miguel Angel Jimenez – 320 to 65 – £39.23
Francesco Molinari – 310 to 65 – £37.69
Ben Crane – 350 to 75 – £36.67
Louis Oosthuizen – 90 to 20 – £35
Lee Westwood – 23 to 5.4 – £32.59
My profit as it sank into some 'pine straw'
Category: Golf
