My first go

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Steev
Posts: 9
Joined: Tue Dec 07, 2010 12:29 pm

Over the last few days I've been trading on the snooker. No idea if snooker is particularly easy or if there was some beginners luck in there but I'd welcome any feedback.

I started out with £20 in my wallet and did some trading on the snooker from the semi finals onward. Started out making £2 trades and after the first day I managed to create a green book with around £5 win on any of the four outcomes. Because I was essentially trading with previous profits I relaxed a bit and started trading between £2 and £10 at a time. At no time did I bail out and trade at a loss (couldn't find it in myself to do it) and just waited for the odds to shift - which was probably the wrong thing to do. Over the fours days I traded around £850 and came away with a £24 profit - so a bit better than doubling my money. It was a hard four days graft for twenty quid but I guess things would scale up to some degree to make the effort worth it.

Does this seem like a reasonable start? Is snooker particularly easy? What other markets behave similarly? I did stop trading during the final couple of frames because I was unable to cope with the larger price differential (not sure why) so decided to play it safe. Any advice as to where this newbie should go next and what other markets I should try would be much appreciated.
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