Videos - For current videos visit www.betangel.tv : What videos would you like to see?

Help, advice and trading in technicolour
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Fri Jan 01, 2010 4:22 pm

How about a video showing your trades on a typical day? That way, we would be able to see how you approach a variety of situations.

Jeff
Bet Angel wrote:Specific use of the software? Features?

We realise that videos are a useful resource. We are interested in what you are interested in seeing, what you find useful and what you do not.

ba1000
Posts: 100
Joined: Fri Oct 30, 2009 6:02 pm

Thu May 06, 2010 4:48 pm

Hi BetAngel

I would like to see how you take losses. I was once told:

"making money is easy its holding onto it which is the difficult part"

The web is full of people showing profits galore - the real issue is how to define and take losses in my particular instance.

Thanks

chevychase80
Posts: 8
Joined: Sun Dec 06, 2009 3:55 pm

Fri May 07, 2010 4:29 pm

Volume spikes seem to be part of my everyday trading now, so could we see a video where you identify a market that has been spiking and show how best to limit losses or maybe even profit from them :shock: ?

Bet Angel
Bet Angel
Bet Angel
Posts: 3553
Joined: Tue Apr 14, 2009 3:47 pm

Sat May 08, 2010 7:07 am

Predicting them is tough but a quick tactic to deal with them is to always have open orders well out of the money, i.e. quite a few ticks away, so if one does occur you are likely to get a very favourable fill. You will have to make a quick decision once filled however.

chevychase80
Posts: 8
Joined: Sun Dec 06, 2009 3:55 pm

Sat May 08, 2010 11:47 am

Thanks for the tip :D

mister man
Posts: 355
Joined: Tue Jul 27, 2010 2:10 pm

Thu Oct 14, 2010 10:45 am

I would like to see, the software/features usage demonstrated in redeeming a position gone wrong.

Trading isnt a bed of roses, and we all at some point have to put into play a "plan b"...

I know its not the usual buy betangel and make tons of cash this way video, but for traders it would be a realistic scenario thats not discussed enough.

Bet Angel
Bet Angel
Bet Angel
Posts: 3553
Joined: Tue Apr 14, 2009 3:47 pm

Thu Oct 14, 2010 11:58 am

mister man wrote:I would like to see, the software/features usage demonstrated in redeeming a position gone wrong.
I don't believe in chasing, so you will see few videos or advice to do so. I will have a trade with potenial and green or red up at the end of it as I aim to be net positive over the course of many events, or I may hedge it in another market. I don't go into 'recovery' mode at the point of a loss. It may be worth discussing if others try and recover a position after a loss to see if people have appropiate strategies.

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mctash
Posts: 101
Joined: Wed May 12, 2010 2:11 pm

Thu Oct 14, 2010 12:17 pm

Hey Bet Angel,

So for example, if you got hit by a volume spike and it resulted in a loss in that particular race would you then stop trading that race?

I only ask because when it happens to me I seem to lose 3 * my average race profit desperately trying to recover.

I'm starting to think as soon as it happens I should take the beating and stop trading that race rather than risk even more redness. Then enjoy the breather it gives me and prepare for the next race.

Tash

Bet Angel
Bet Angel
Bet Angel
Posts: 3553
Joined: Tue Apr 14, 2009 3:47 pm

Thu Oct 14, 2010 12:45 pm

Nope, the more you trade a horse race pre off the more likely you are to get positive. I can only talk genearally as everybody has a different style and approach to risk.

But say, for example, I am scalping a race and I am at a loss I don't give up. I keep going till I want to exit. If I am at a profit I don't give up either. I just try and get as many trades through as possible in the safest manner. Just because one trade goes wrong I don't stop. Same for races through the day, I don't stop at a profit or a loss. If you are net expectancy positive there is no reason to stop at any arbitrary level. I'd nominate people stopping at a loss as one of the major reasons people don't make money in many different types of markets.

In the example above I just said I would stop in this situation on footy. That is because I can't undo a goal, But I can factor that into the trade.

sportinwest
Posts: 37
Joined: Thu Apr 22, 2010 10:40 pm
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Thu Oct 14, 2010 12:48 pm

I agree with most of the other users. It would be great to se peter trade a hole day, while he explane why he open a trade - and why and where he close it.

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