Bet Angel for newbies / Getting started : Appears simple but is devilishly difficult.

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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Derek27
Posts: 1439
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Mon Apr 16, 2018 4:49 pm

ShaunWhite wrote:
Mon Apr 16, 2018 4:12 pm
ruthlessimon wrote:
Mon Apr 16, 2018 3:20 pm
Btw if there was a study on all BA traders I'd predict the following distribution:

1. 80%
2. 20%
3. 0.1%
4. 0.01%
I'm going ...
1. 70%
2. 20%
3. 5%
4. 5%

Some very interesting stuff being said in here.
Simon's prediction is over 100%. I wouldn't be in either of the four categories.

tc_uk
Posts: 11
Joined: Sat Apr 29, 2017 2:50 am

Mon Apr 16, 2018 6:29 pm

thanks to everybody who took the time to reply to my message

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ShaunWhite
Posts: 2472
Joined: Sat Sep 03, 2016 3:42 am

Mon Apr 16, 2018 6:58 pm

Derek27 wrote:
Mon Apr 16, 2018 4:49 pm
Simon's prediction is over 100%. I wouldn't be in either of the four categories.
Some might be in more than 1 category? Or maybe different markets fall into different slots?

It's hard not letting the odd #1 creep in when a few #3s have made you a little too confident.
It might explain the formula behind the infamous breakeven grind of death.

Success is where 3 > 1 and both 2 & 4 are zero

What's your #5 then Derek?

Derek27
Posts: 1439
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Mon Apr 16, 2018 8:55 pm

I'm sure we've all been in all four categories at some time, I was referring to a trader's general approach, or perhaps I misunderstood Simon's post.

I generally keep my exit options open - I would never make a firm decision when opening a trade where I'll exit.

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ShaunWhite
Posts: 2472
Joined: Sat Sep 03, 2016 3:42 am

Tue Apr 17, 2018 2:51 am

Derek27 wrote:
Mon Apr 16, 2018 8:55 pm
I'm sure we've all been in all four categories at some time
Amen to that one. Dark days best forgotten. Survivors' tiger stripes are made from the scars.
I know a couple of seasoned pros on here who had some nasty flesh wounds early on.

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ShaunWhite
Posts: 2472
Joined: Sat Sep 03, 2016 3:42 am

Tue Apr 17, 2018 3:14 am

Derek27 wrote:
Mon Apr 16, 2018 8:55 pm
I generally keep my exit options open - I would never make a firm decision when opening a trade where I'll exit.
I'm actually with you on that one, the ideal must surely be a complete reassement of every 'now' moment. That takes a lot of experience and you've done the screen hours. I generally view it as somewhere to put a right-click stop so I can watch something else for a few seconds. An exit has to be moveable, it moves with you when you're showing a good profit, so if things move against you it makes sense to constantly review that situation too. Like poker, that money on the table has gone....it's about doing what's right now. And for me that's getting some work done instead of chatting. ;)

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