Do you watch pictures at all, or just respond to what you see on Bet Angel?
Jeff
Alpha322 wrote: My style and do great from it. No in play for me to risky, but fair game to those that could endure it
React=lose, anticipate = winFerru123 wrote:
And why do you need to know what the market will do next? Why not just react to whatever the market gives you? If it gives you a nice big movement in your favour, ride it, and if it goes against you, quickly cut your losses.
Jeff
So how can someone with a 1 in 4 strike rate still make a very good profit?Zenyatta wrote: React=lose, anticipate = win
Whether you lose automated stoplosses or not, you'll quickly lose your shirt if you don't get out of the market quickly when it moves against you.Zenyatta wrote:Stop-losses have very limited use if you are a swing trader pre-race.
Define 'big races' and 'very close to the off'. Are we talking about Grade 1 races & races just a minute before the off?Zenyatta wrote:The market is too unstable for proper trading except for big races or very close to the off
Zenyatta wrote:Prices pre-race can only move so far, it's very rare that you get a move of bigger than 15-20 ticks, which is comparable to what swing traders are shooting for anyway, so there's often little point in pre-race stop-loss for swing traders IMHO.
Not if you are shooting for 15-20 ticks in the other direction. It would balance out in the long term. It depends on how much you are shooting for. If you want to take a profit of a smaller number of ticks, then yes, you need to stop the loss.Ferru123 wrote:
Letting the market run 15-20 ticks against you is suicide!
Jeff
Zenyatta wrote: Not if you are shooting for 15-20 ticks in the other direction.
Read what I said. Pre-race the maximum downside (in practice) is 15-20 ticks, because the prices rarely move further than that (although occasionally it does happen).Ferru123 wrote:I can't believe that you're seriously advocating having an unlimited downside!
You advocated having no stoploss - I don't think I misread you.Zenyatta wrote: Read what I said. Pre-race the maximum downside (in practice) is 15-20 ticks, because the prices rarely move further than that (although occasionally it does happen).
There is actually - I find it more frustrating for a small loss to become a huge loss!Zenyatta wrote:I just dislike the stop-losses because I've been screwed over so many times. Inevitably the price eats through my stop-loss, only to come back again most of the time.. there is nothing more frustrating.
I thought I'd keep an eye out today for such moves, to see how rare they actually are.Zenyatta wrote: Read what I said. Pre-race the maximum downside (in practice) is 15-20 ticks, because the prices rarely move further than that.
Please tell me which markets these areredeagle60 wrote:Essential things to remember in trading...
What goes up..must come down..and what goes down must come up, make the best of these trends and dont get greedy.
Helpful to some people but not essential.redeagle60 wrote: Reading charts whilst trading is essential, If you get into a maze youll have trouble finding your way out, But with some sort of map it would help you alot more, Its the same thing here.
Agreeredeagle60 wrote: Look out for big money that effect the market..this may drive the trend up/down but will suddenly return to its original position.