Sometimes Jeff, it it so obvious what will happen. Mostly there are so many variables you give it your best guess and then manage that position. If you control your losses and get the best out of the ones you get right it sort of works out.Ferru123 wrote:Thanks Steve.
If you get a race that is better suited to scalping than swing trading (say, one where the fav is trading at 6.0 and none of the key horses are trending strongly), would you give the race a miss?
BTW, it's interesting to hear you expressing uncertainty in your videos about what the market will do next. I think some people assume that pro traders have some secret knowledge that tells what will happen next (or manipulate the market to make it conform to their will!). And as I am full of uncertainty and conflicting thoughts sometimes, it's reassuring to know that I'm in good company!
I am not interested in trading in this style at anything bigger than maybe 4, mostly I like between 1.6 - 3. I find heavy odds on difficult, I'll struggle at the festival, I usually do. But I still love it.