Scalping for beginners

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh.
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Bluesky
Posts: 408
Joined: Mon Sep 19, 2016 9:26 pm

Sun Sep 10, 2017 6:52 pm

Thanks Jeff for reminding me about that excellent post made by Mugs a few years back. I hadn't forgotten it but I had not read it for a while, and it was good to read it once again. It has to be one of the best posts I have read on this forum. I would strongly recommend anyone considering pre off horse race trading to read it.

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ruthlessimon
Posts: 754
Joined: Wed Mar 23, 2016 3:54 pm

Sun Sep 10, 2017 8:31 pm

Ferru123 wrote:
Sun Sep 10, 2017 12:40 pm
There was a trader on this forum who I won't name, who diligently followed the advice of the pros, quoting them in much the way that a biblical scholar might quote the disciples. However, despite being a clearly intelligent guy, he ended up quitting Betfair. I think the mistake he made was to leave his critical faculties at the door (also, he took pride in using stakes that made losing painful, which didn't help - it was like he saw losses as due to an error on his part, rather than a part of the game).
If I think I know who you're talking about - that thread was a fascinating case study to any budding trader. And actually a very scary one. That trader got given everything, even up to the point of Peter explaining how he traded individual markets. The conclusion to that was simply being given edges is actually detrimental. If the trader can't create the edge himself & understand exactly how he made it/works; the moment the market shifts, he's dead. Clearly, there was a missing variable. Learning the proper process of edge creation - I've only ever seen one great video on this - & it was a London prop trader. But the "look for correlations" sound bite is vastly incomplete.

thebarra1
Posts: 11
Joined: Tue Sep 19, 2017 12:29 am

Tue Sep 19, 2017 7:28 am

Where can I view the post from mugs. Do you have a link. Newbie to forum
:D

Bluesky
Posts: 408
Joined: Mon Sep 19, 2016 9:26 pm

Wed Sep 20, 2017 9:06 am

thebarra1 wrote:
Tue Sep 19, 2017 7:28 am
Where can I view the post from mugs. Do you have a link. Newbie to forum
:D
Click on this link it's the third post down.
http://www.betangel.com/forum/viewtopic ... &start=160

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