Trading Horse racing : Today's Racing

The sport of kings.
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Dallas
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Joined: Sun Aug 09, 2015 10:57 pm

Fri Dec 29, 2017 4:27 pm

It's an Interesting discussion which should perhaps be continued on its own thread so people can find it easier in future

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ruthlessimon
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Fri Dec 29, 2017 11:15 pm

Euler wrote:
Fri Dec 29, 2017 9:38 am
It's surprising just how quickly losses can be recovered by small wins, so many losing traders could easily become winners if they stopped overreacting after a loss.
Amen, been saying this for years as it's so true but people really struggle to do that.
They struggle for the simple reason -> it requires an edge (which I bet they don't have - or weren't taught how to find) :)

No edge = Net loser

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Derek27
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Location: UK

Fri Dec 29, 2017 11:26 pm

ruthlessimon wrote:
Fri Dec 29, 2017 11:15 pm
Euler wrote:
Fri Dec 29, 2017 9:38 am
It's surprising just how quickly losses can be recovered by small wins, so many losing traders could easily become winners if they stopped overreacting after a loss.
Amen, been saying this for years as it's so true but people really struggle to do that.
They struggle for the simple reason -> it requires an edge (which I bet they don't have - or weren't taught how to find) :)

No edge = Net loser
That's not necessarily the case. Even profitable traders with an edge can let there emotions get in the way of what there are really capable of achieving.

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ruthlessimon
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Fri Dec 29, 2017 11:31 pm

I agree, but I think far more people don't have an edge vs. do have an edge but can't execute.

My personal belief is that Korattt didn't fully understand his edge.

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ruthlessimon
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Fri Dec 29, 2017 11:35 pm

dragontrades wrote:
Fri Dec 29, 2017 3:51 pm
btw no one should ever stake any money until they are able to profit consistently in practice mode.
You dont give up learning because you lost money just trade in practice mode
I'm in dragon's camp on this one :)

I know the "double down" argument is valid. But a swing trader taking the sim seriously - who isn't profitable - certainly won't be profitable live

-Right enough of my off-topic postings :D

Mark-H
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Location: North West UK

Sat Dec 30, 2017 7:53 am

Problem with trading for any length of time in practice mode is the £299 bill Betfair send you out of the blue.

Probably better to trade with just a 50-100 bank and £2.50 stakes so as to get trades through in one transaction. This will show you fairly quickly if you have an edge without risking the roof over your head. you can always scale up as the bank increases.

dragontrades
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Sat Dec 30, 2017 12:16 pm

Petty crazy first market at Taunton

convoysur-2
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Joined: Thu Jan 12, 2012 10:00 am

Sat Dec 30, 2017 12:17 pm

WTF happened there ??
used my whole bank on that one,i have no pictures,,what happened ??
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dragontrades
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Sat Dec 30, 2017 12:28 pm

that drift was very dodgy

convoysur-2
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Sat Dec 30, 2017 12:32 pm

some one knows something :shock:
lol

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