Saturday, 18 August 2012

The Plan

So I've given you my thoughts and previews on the upcoming season, but now it's time to say what I am personally planning to do for this year. As previously mentioned, I will be looking to the long term markets primarily this year, and will be using a bank of £500 to fund that. I will be trading in many different markets throughout the year when the opportunities present themselves, and for each I have set a target of 10% return on each investment. By May, I hope to have made 100% profit on my £500 investment, any more would be welcome of course! This is the first time I have ever tried anything like this before so it could go wrong of course, but I have high hopes for it and will keep you posted all the way. A season of transition if you like, think of me like Liverpool. I was going to start the season with my entire bank in play, but poor liquidity issues and concerns about start of season unpredictableness has meant that I have left £200 on the sideline. This will work out quite handy in the coming weeks however, as I am sure further opportunities will crop up fairly soon. For now, I have chosen to spray my money around a few options:

  • Top ten finish: Fulham 
  • Straight forecasts: both City/Utd, Utd/City
  • Relegation: Stoke
  • Relegation: Norwich
  • Rock bottom: Norwich
I'll add a new bit on the side of my blog which lists all the bets I'm doing at any point in the season for clarity. In addition to this, after the success of my first proper season of trading, I will be doing week by week trading geared towards a target. It will be on a much smaller scale than I was doing last season, mainly because I don't have enough money to fund everything! But I will be working towards making £500 profit over the course of the season, which should cover my action in the long term markets should stuff go pete tong (hopefully not). So that's my plan for the season. Obviously £500 profit target over 38 weeks doesn't equate to much each week, which means my targets will be slow and small, something which suits me and allows for a smaller liability.

That's all for now. I won't be getting involved on a big scale today as there isn't any form to go on and no one knows what's going on. One thing is for sure though, I cannot wait. Here's to a great season, it's going to be BIG.

Good luck everyone.

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