https://www.youtube.com/watch?v=lW8umchN0kw
2:30 - Is this a con? How comes when Peter puts £10 @ 6, for 1 tick he gets £2. I tried the same thing today, put £5 @ 5.8 and for 1 tick (5.9) I got 8p. Logic dictates if I put £10 I would get 16p. At 6, that would be 20p I think ... so how comes Peter getting £2 per tick? In short, Peter is getting approx 1,000% more for his trades than I am. No wonder He's doing so!
Is This A con?
you compare unhedged profit with hedgedutubecomment21 wrote: ↑Sat May 05, 2018 2:27 amhttps://www.youtube.com/watch?v=lW8umchN0kw
2:30 - Is this a con? How comes when Peter puts £10 @ 6, for 1 tick he gets £2. I tried the same thing today, put £5 @ 5.8 and for 1 tick (5.9) I got 8p. Logic dictates if I put £10 I would get 16p. At 6, that would be 20p I think ... so how comes Peter getting £2 per tick? In short, Peter is getting approx 1,000% more for his trades than I am. No wonder He's doing so!
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ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
It's interesting that your first thought was "Is this a con?" When it should have been "I understand almost nothing, can someone pls explain?".
What's odd is that you don't understand what's happening, yet you were so sure that you were right that you created a distorted reality, that nobody else could see, in order to accomodate it. Trading might be something you'll struggle with. Or maybe not....
What's odd is that you don't understand what's happening, yet you were so sure that you were right that you created a distorted reality, that nobody else could see, in order to accomodate it. Trading might be something you'll struggle with. Or maybe not....
The answer was already on the screen btw, 58p as a result of profits on Eugenic and Tamujin.
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utubecomment21
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I rarely Pre-race trade, but I made 126% in profit yesterday and 86% profit the day before, and 97% the day before .... I could go on but I'd say I'm doing better than most!
utubecomment21 wrote: ↑Sat May 05, 2018 10:56 amI rarely Pre-race trade, but I made 126% in profit yesterday and 86% profit the day before, and 97% the day before .... I could go on but I'd say I'm doing better than most!
If you're doing better than most how could you not have known how much a £10 one-tick trade at 6.0 would net?-
utubecomment21
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- Joined: Tue Apr 25, 2017 11:34 pm
The answer is already in my response ... but obviously its gone over your head ... or you have difficulty with comprehension.
The "best" place. You're assuming this is the only or one of the only places I've posted this question .. which it isn't.Let's say it is a con: is the con artist's forum the best place to ask if it is?
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sionascaig
- Posts: 1074
- Joined: Fri Nov 20, 2015 9:38 am
"....... I closed my Betfair account after a severe problem which saw my winning trade actually loosing over 30% of my bank according to Betfair...."utubecomment21 wrote: ↑Sat May 05, 2018 10:56 amI rarely Pre-race trade, but I made 126% in profit yesterday and 86% profit the day before, and 97% the day before .... I could go on but I'd say I'm doing better than most!
Good to see you got your bank back.... Sounds like you are a tip top trader....
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utubecomment21
- Posts: 14
- Joined: Tue Apr 25, 2017 11:34 pm
I would also add that those figures didn't come through Pre-race trading!
I've only been into 'Trading' for about a year, but its not my main source of income. As for Pre-race trading, for me, its the least efficient way to trade. I've never understood why 99.9% of videos on 'Trading' as a whole is Pre-race via the Ladder. I have a go at it from time to time, but I always revert back to my way which is a lot easier and far less time consuming, and consists of me taking about 3 seconds to pop and order in, then I walk away. If people want to sit at a computer for hours on end watching ticks, than that's down to them, but for me there are far more efficient ways to trade than that, and I don't really want to spend my life sat at the PC. I spend 2 -3 mins a day placing my orders, I spend about 10 mins a day researching, maybe an hour a week developing and playing around with new systems, and that's it. If I make 10-20% return in a day, its because I'm in a coma.
And for those who can't comprehend much, I''ll say it again and I'll even put it in bold type for ya; this is not my main source of income, and I rarely Pre-race trade.
Last edited by utubecomment21 on Sat May 05, 2018 11:58 am, edited 2 times in total.
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utubecomment21
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- Joined: Tue Apr 25, 2017 11:34 pm
Well if you want to see people take your trade that's up to you. I prefer to take the money I've made rather than let someone con me out of it. And in the light of Bookies closing accounts and not paying out, do you think Exchanges won't do the same? Good luck with that!sionascaig wrote: ↑Sat May 05, 2018 11:49 am"....... I closed my Betfair account after a severe problem which saw my winning trade actually loosing over 30% of my bank according to Betfair...."utubecomment21 wrote: ↑Sat May 05, 2018 10:56 amI rarely Pre-race trade, but I made 126% in profit yesterday and 86% profit the day before, and 97% the day before .... I could go on but I'd say I'm doing better than most!
Good to see you got your bank back.... Sounds like you are a tip top trader....
Have you posted a follow-up message on these other forums advising it was a basic mistake and oversight on your part and the video is not a con?utubecomment21 wrote: ↑Sat May 05, 2018 11:40 am
The "best" place. You're assuming this is the only or one of the only places I've posted this question .. which it isn't.Let's say it is a con: is the con artist's forum the best place to ask if it is?
