Trading Horse racing : Scalping

The sport of kings.
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Steve17
Posts: 19
Joined: Thu Jan 11, 2018 1:19 pm

Thu Jan 18, 2018 9:49 pm

I have traded the horse racing to night I was successful 4 out of 7 times and the ones I lost where considerably more money very small stakes by the way 0.25 tick size, I think one of my problems is not waiting till last 10 mins. Just seem if I lay it goes down if I back it goes up heeeeeeeelllllllp

Derek27
Posts: 1985
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Thu Jan 18, 2018 10:10 pm

Volatile markets like Chelmsford and most lower-grade meetings are not suitable for scalping. When it goes right you make a one tick profit. When it goes wrong, which could be 45% of the time, you'll lose several ticks - the market could even move 8 ticks in one go. It's like betting 1-3 on the toss of a coin!

I know a lot of traders wait for the last 10 minutes, but personally, I think it's even more dangerous if you are scalping. As I mentioned in another thread, you might do better on Saturday's big meetings, Ascot & Haydock.

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Hank Thrilliams
Posts: 5
Joined: Wed Dec 27, 2017 8:36 am

Mon Jan 29, 2018 3:08 am

I agree with Derek, if you want to be scalping the UK, you need to be involved from about the 15:00 >5.00, then get out when the five minute warning comes. Especially when you are just beginning. The big boys can come in with five minutes and go bang and take out 3-4 lines with one lump sum and if there's no stop loss in place you're in trouble. That doesn't tend to happen as much 10-15 minutes out from the jump. I think you'll be surprised how many times you can get in and out of the market giving yourself that extra time and jumping out before the big money comes late.

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BetScalper
Posts: 676
Joined: Sun Jul 02, 2017 10:47 pm

Mon Jan 29, 2018 7:38 am

The last 2 minutes for me.

I like it when the big boys come to the party as you can get some massive moves.

The key is knowing when the moves have been exhausted and you can ride the reversals. :)

Niko
Posts: 282
Joined: Thu Dec 01, 2016 9:36 am

Mon Jan 29, 2018 9:25 am

I came to trading after seeing videos of CB scalping. While I have had some success I do wonder if it's still possible to make a worthwhile income for the time spent at the screen (for a newcomer) scalping any more?? Profits seem easily wiped out in literally seconds in one duff trade!

Derek27
Posts: 1985
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Mon Jan 29, 2018 2:09 pm

BetScalper wrote:
Mon Jan 29, 2018 7:38 am
The last 2 minutes for me.

I like it when the big boys come to the party as you can get some massive moves.

The key is knowing when the moves have been exhausted and you can ride the reversals. :)
You can't scalp massive moves, you can only swing-trade them.

Derek27
Posts: 1985
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Mon Jan 29, 2018 2:10 pm

Niko wrote:
Mon Jan 29, 2018 9:25 am
I came to trading after seeing videos of CB scalping. While I have had some success I do wonder if it's still possible to make a worthwhile income for the time spent at the screen (for a newcomer) scalping any more?? Profits seem easily wiped out in literally seconds in one duff trade!
It is harder than it used to be - the key is to find the right, stable markets.

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Dallas
Posts: 7738
Joined: Sun Aug 09, 2015 10:57 pm

Mon Jan 29, 2018 2:19 pm

Derek27 wrote:
Mon Jan 29, 2018 2:09 pm
BetScalper wrote:
Mon Jan 29, 2018 7:38 am
The last 2 minutes for me.

I like it when the big boys come to the party as you can get some massive moves.

The key is knowing when the moves have been exhausted and you can ride the reversals. :)
You can't scalp massive moves, you can only swing-trade them.
I find massive moves are some of the easiest to scalp, I often do it alongside an open swing trade, but if I miss the move then scalping it can still be a godd way of getting something from it.
It's the volatile whipsawing markets that are most dangerous and will often costly

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BetScalper
Posts: 676
Joined: Sun Jul 02, 2017 10:47 pm

Mon Jan 29, 2018 2:28 pm

Dallas wrote:
Mon Jan 29, 2018 2:19 pm
Derek27 wrote:
Mon Jan 29, 2018 2:09 pm
BetScalper wrote:
Mon Jan 29, 2018 7:38 am
The last 2 minutes for me.

I like it when the big boys come to the party as you can get some massive moves.

The key is knowing when the moves have been exhausted and you can ride the reversals. :)
You can't scalp massive moves, you can only swing-trade them.
I find massive moves are some of the easiest to scalp, I often do it alongside an open swing trade, but if I miss the move then scalping it can still be a godd way of getting something from it.
It's the volatile whipsawing markets that are most dangerous and will often costly
+ 1

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ShaunWhite
Posts: 2933
Joined: Sat Sep 03, 2016 3:42 am

Mon Jan 29, 2018 2:29 pm

Rumours of the death of scalping yet to be confirmed.
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