Questions of a new trader

[Alpha322]

I don't see how you trade soccer. To me it is just betting. Scalping is too risky as goals leave you highly exposed. Swing trading essentially equates to gambling on an event occurring in the game.

BIG dissagree, i would never return to betting on an outcome of an event, i would rather be able to read what otheres are making the market do and profit of their guesing.With trading you have to have a skilled mindset, its gambaling at first in those first few seconds (well for me) and a set amount that you accept to lose (managed), you keep doing this, by the end of the month you see what you have achieved (if you have stuck to a profitable plan and strategy) When you are all green its a great feeling to sit back or move on and not care who wins or loses the event, them days are over for me and most on here

[woohoojd]

Alpha - I think you misunderstood what I was trying to say. I think that trying to trade soccer markets is too much like betting. I don't see the trading opportunities. Scalping is risky as goals / sending offs can leave you heavily exposed. Swings rely on events happening... i.e. the same as placing a bet on something to happen like a goal.

I can see an opportunity if you can cover multiple markets - for example back under 1.5 goals, back both teams to score, back 2-0 each team... you risk losing if it's 3-0, 4-0, 5-0 etc to a team. But I just think that there is no profit in this as the markets are so efficient. Same as these people who lay the draw and back 0-0... the profit you can make from laying the draw no where near equates to the risk in my opinion.

[Charon]

...Same as these people who lay the draw and back 0-0... the profit you can make from laying the draw no where near equates to the risk in my opinion.

I heavily doubt that. The only thing you need is great match selection. You can create good criteria and find some good matches then. The trade is on the point where the goal is scored. As you all probably know/understand: you don't sit out the whole match.

But still odds/probabilities are important. Traders/Bettors can't win in long term if they are wrong about the %-chance.

IMO Laying the Draw is a hybrid form of betting and trading.

[woohoojd]

The trade is at the point the goal is scored. Agreed but the profit you will make will be minimal. If the dog scores first you won't even have any profit. If another goal goes in whilst you are trying to trade out you will also be in trouble. If no goes in at all do you leave it then? No you probably trade out at 60-70 mins and take another big hit. Just a massive gamble and ain't for me at all.

[CaerMyrddin]

If you had Layed Arsenal for 100quid at 1.01 you are taking a 1 pound risk

Still not worth the risk, surely on 100 games with the scoreline at 4-0 you will have less than 1 that will be a comeback, on average. Peter posted on the blog about this and Frank has also referred to it on this thread. It's something most people fail to understand. I know that on certain occasions the market will come against my position, but I try to make sure that on average it won't, and make a profit out of it. Knowing this is also crucial to take losses. Take it on the chin and move on.

[mugsgame]

I was going to give you some advice and the benefit of many years professional experience.
However, after reading the thread after you asked for some imput from experienced traders you are trying to disagree with what they are telling you, and telling them why it doesn't work.
Well, that's how I read it anyway. Bizarre.
So good luck, but as they say........"I won't be investing (my time). I'm out."

[woohoojd]

Thanks musgame. Sorry if I had a difference on opinion on some of the responses. I thought this was a forum for debate and discussion. You have obviously taken exception to some of my comments and that was not my intention.

Enjoy your day.

* I would like to apologise to any posters who took offence to any of my responses. Your comments are appreciated and I enjoy having the debate.

[Alpha322]

Alpha - I think you misunderstood what I was trying to say. I think that trying to trade soccer markets is too much like betting. I don't see the trading opportunities. Scalping is risky as goals / sending offs can leave you heavily exposed..

Yes i totally agree, i trade football using timming swing methods depending on the odds of the match, equal playing field for goals etc

Same as these people who lay the draw and back 0-0... the profit you can make from laying the draw no where near equates to the risk in my opinion.

I find laying the draw a non profitable strategy over the long term.

[Charon]

@Alpha:

I don't need complete tactics/rules etc; but what can be a long term profitable soccer market? None? (I don't understand this comment: "timming swing methods depending on the odds")

[icarus121]

Woohoojd
Judging by your reactions and response to some feedback/help ,im thinking things may run a little deeper. Im with you on this one Mugs,maybe a troll?there is a few around..


HAGD