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Help, advice and trading in technicolour
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mctash
Posts: 101
Joined: Wed May 12, 2010 2:11 pm

Thu Oct 14, 2010 12:52 pm

Ah now it makes sense, I missed the footy bit.

Id like to be able to keep going after a big volume hit also, but I think I need to relax a bit more. It really undoes my confidence and I make stupid trades I wouldn't normally attempt.

I guess it all comes back to discipline.

Tash

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Bet Angel
Posts: 3554
Joined: Tue Apr 14, 2009 3:47 pm

Thu Oct 14, 2010 1:02 pm

I've been preparing a video to illustrate the point on how losses affect peoples ability. Hopefully I will get round to editing and uploading it at some point. When people hear me explain it on the course, people suddenly see some light but I bet you a lot of people still find it difficult to do. People find it really tough to accept a mistake / error but everybody makes them.

I think it's even tougher when the market jumps against you unexpectadly, because that wasn't even your fault!

Some of it can depend on your trading style though, if there is only 30 secs to the off you probably don't have enough time to do anything about it.

Aqueria
Posts: 5
Joined: Thu May 06, 2010 1:51 pm

Thu Oct 14, 2010 4:09 pm

Definitely Bookmaking explained further… after a few months of using Betangle I still find that I’m actually predicting outcomes, rather than trading…
Betangle is definitely a critical tool and brings into the betting equation a substantial level of risk management control.
However, I cannot help but think that at the end of the day, the Bookmaker always wins!
So why no utilize the exchange and Betangle more from that perspective?

spreadbetting
Posts: 1624
Joined: Sun Jan 31, 2010 8:06 pm

Thu Oct 14, 2010 6:00 pm

Aqueria wrote:Definitely Bookmaking explained further… after a few months of using Betangle I still find that I’m actually predicting outcomes, rather than trading…
Betangle is definitely a critical tool and brings into the betting equation a substantial level of risk management control.
However, I cannot help but think that at the end of the day, the Bookmaker always wins!
So why no utilize the exchange and Betangle more from that perspective?

Bookmakers don't always win :shock: all depends on their liabilities on each individual book, plenty of bookmakers will happily stand liabilities because they know they're offering under true odds, and in the long run they'll come out on top.

Obviously different bookies have different strategies but the obvious advantage they hold is being able to lay at SP , 120% books etc which gives a lot of room for error in your pricing. With 101% books on the exchanges you'll find it hell of a lot harder to get a fully balanced book , throw in the fact any non runner over 2.5% is a loss for you and it's not as easy as it first seems

freddy
Posts: 1132
Joined: Sun Aug 01, 2010 8:22 pm

Wed Nov 10, 2010 2:03 pm

I would like a video of you putting some very large volumes of money through the market.

showing some big greens 400-500 quid like Mr heathcote
As obviosly there are some other techniques entering and exiting trades at this level of stakes.

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Euler
Posts: 15925
Joined: Wed Nov 10, 2010 1:39 pm
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Thu Nov 11, 2010 12:25 pm


betfaircoach
Posts: 1
Joined: Mon Oct 04, 2010 12:59 pm

Tue Nov 23, 2010 2:34 pm

Hi i want to see the correct settings for perfeckt trading on horse races pre game!
What are the best individuell Chart...
Candle...ore the one second remove line chart ,
What is the best free refresh 500 miliseconds ore another..?
I WANT TO SEE THE BEST CORRECT SETTINGS FOR THE BEST TRADING WHAT IS YOUR PESRONAL SETTINGS THE QUESTION IS TO ADMIN.
Thank you
Regards
betfaircoach ;)

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jimrobo
Posts: 1284
Joined: Wed Mar 25, 2009 12:49 pm

Tue Nov 23, 2010 2:53 pm

there are no correct settings for this!

Even if Euler gave you exactly the settings he used it wouldn't change you into a profitable trader. There is no perfect setup only a setup that you are used to and have experience reading the market through.

The settings Euler uses work for him because he has vast experience in how the market moves using those settings. If he changed his settings tomorrow to something completely different he could adapt his trading and would still be very profitable.

Don;t concentrate on looking for a perfect settings setup because ultimately what works for you is your perfect setup which you need to find and thats not something you can copy from another trader.

Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Tue Nov 23, 2010 2:55 pm

Indeed.

And looking for perfection in trading is a fool's errand. I'll settle for something that makes me consistent profits! :)

Jeff
jimrobo wrote:
Don;t concentrate on looking for a perfect settings setup because ultimately what works for you is your perfect setup which you need to find and thats not something you can copy from another trader.

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

Tue Nov 23, 2010 3:14 pm

I agree that there is no such thing as correct settings. A tip I've recently found useful after watching some trading videos linked by a forum member, is to have multiple candlesticks of the same runner open at different time scales. You can then use the larger time frames to add weight to any indicators you might spot on the smaller time scale charts.

Tash

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