Which strategy to start with?

The sport of kings.
stueytrader
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Euler wrote:
Fri Feb 15, 2019 9:44 pm
Whereas you see people getting away with what lets fact is, is complete BS.

However, I've come to realise that's part of the market. People making themselves look experts so people buy from them only to lead the purchasers into the market like sheep to the slaughter, but there is little we can do about it. Ultimately that is where a fair bit of profit comes from. It's an uncomfortable feeling, but at least if you represent things fairly you can hold your held up with the knowledge that you did actually tell them so!
An uneasy truth even when we talk and discuss with one another on here too? ;)

I've often pondered the equation for forums (not just here of course) in betting or trading. Are we discussing with 'the enemy' if we help each other out, and do we actually rely on some traders/bettors being poor?

Or, do we all get stronger together, in places like this...? An interesting issue for sure. I'll be positive and hope towards the latter.... :D
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ShaunWhite
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arbitrage16 wrote:
Sat Feb 16, 2019 8:31 am
ShaunWhite referencing Akala, the same guy who got out-manoeuvred in a debate by Tommy Robinson...not a good look.
:D we prob shouldn't go there arb. We could debate our differences all day long but that would bore other people rigid. Vive la difference. I wasn't promoting a political doctrine just finding a tune with a lyric the summed up my feeling about how you MUST change. Neither of them know f-all about trading and I think you'll agree that anything else they think is totally irrelevant here.

I agree for the most part about the sport/financial differences, I've made several posts about how different they are and the false attachments people make for the sake of appearing more 'sophisticated'. The parralels are in the way neither is a get rich scheme and some of the psych if that's your thing, even though personally I'm not big into psych anymore, having spent a long time looking into it and realising the problems usual lay in the lack of real edge rather than a need to be Zen-like.
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ruthlessimon
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arbitrage16 wrote:
Sat Feb 16, 2019 8:31 am
Sports trading is simple, but not easy.

TraderDante seems like a good guy, very sharp, but what he's talking about there is financial trading, and I see a lot of sports traders trying to attach themselves to the same ideas, because financials are so much sexier than sports trading. The idea that sports trading is 'insanely hard work' is just nonsense.
I absolutely get what you mean, I agree :)

But, when we just dig a little bit deeper - there appear to be some weird cool patterns (seemingly everywhere), that are missed, if we look "too simply"

For example the race just gone 16:40 @ Kemp

I reckon Peter et al made 30 ticks+ on that market; but being able to capture those 30ticks required a very specific strategy, with clear technical definitions. A strategy designed specifically for such a market
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to75ne
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ruthlessimon wrote:
Sat Feb 16, 2019 5:07 pm
I absolutely get what you mean, I agree :)

But, when we just dig a little bit deeper - there appear to be some weird cool patterns (seemingly everywhere), that are missed, if we look "too simply"

For example the race just gone 16:40 @ Kemp

I reckon Peter et al made 30 ticks+ on that market; but being able to capture those 30ticks required a very specific strategy, with clear technical definitions. A strategy designed specifically for such a market
[/quote]

did you not capture some of those 30 odd ticks ?
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ShaunWhite
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I'd agree about it not being 'insanely' difficult but when only 5% make something, 1% make good money, and 0.01% become wealthy, then it's certainly not easy.
(percentages purely anecdotal)
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ruthlessimon
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to75ne wrote:
Sat Feb 16, 2019 5:55 pm
did you not capture some of those 30 odd ticks ?
Unfortunately, no ;)

It was only after the market I released, in hindsight, it matched an older pattern - but one I just wasn't ready for on the day. It's one of the problems of trading multiple strats, with low frequency - keeping track of everything that needs to be tracked, especially when adding new stuff/making constant refinements to improve that frequency - & decrease complexity - so mistakes such as this get avoided

But someone as experienced as Peter etc, I imagine wouldn't have such issues :)
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to75ne
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Thats a shame; Can you not fit an alarm (so to speak) to alert you that things are starting to look good? Seems to be a waste to be able to only see after the fact. :(
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ruthlessimon
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to75ne wrote:
Sat Feb 16, 2019 7:25 pm
Thats a shame; Can you not fit an alarm (so to speak) to alert you that things are starting to look good? Seems to be a waste to be able to only see after the fact. :(
Certainly something I need to look at yes. Atm the equivalent is me having reams of notes laid out in front of me :roll:

And audio cues for things such as "movement variables" would indeed be ideal, than me having to eye what +/-3%IP looks like
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to75ne
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ruthlessimon wrote:
Sat Feb 16, 2019 7:33 pm
to75ne wrote:
Sat Feb 16, 2019 7:25 pm
Thats a shame; Can you not fit an alarm (so to speak) to alert you that things are starting to look good? Seems to be a waste to be able to only see after the fact. :(
Certainly something I need to look at yes. Atm the equivalent is me having reams of notes laid out in front of me :roll:

And audio cues for things such as "movement variables" would indeed be ideal, than me having to eye what +/-3%IP looks like
you are cheating yourself if you don't. you put a ton effort in (your constant digging around in tedious data etc), you should exploit it, reap some reward from your work.
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