Australian racing
I'll scalp stable stuff/slow movers then get involved with fresh breakouts/reversals also when things are a bit more lively like today.
Can often hold a scalp for a while when your entries are clean and you get good rng (money arrives in your favour) and I like to add to the pos. from there
if losses do your head in your probably not confident in your edge
This week felt different to me, fewer pullbacks on trends and ppl hitting offered prices much more aggressively/consistently than usual (and for decent amounts).
You lot are probably sleeping now but could people let me know if they thought it was like most weeks or did you feel the activity was unusual?
You lot are probably sleeping now but could people let me know if they thought it was like most weeks or did you feel the activity was unusual?
It is not that losses do my head in, it is the size of some of your losses that I would not be comfortable with and the large swings your P&L.
Losing near on £700 in a matter of minutes doesn't sit well with me, it doesn't seem to bother you which is something I wish I could do as I know losing that much would effect me badly.
For me it's drawdown as a % of capital which triggers my pain threshold. I've been on £50 banks and lost the plot after drawing down to like £35, which was also probably partly because I went into the session with an illogical expectation that I was going to be making money and when it didn't play out that way I'd get upset. Conversely I can trade big sums at high-quality meetings without issue, although there is a notable stress increase when in losing positions but the execution is still pretty near to what it should be so I don't feel it makes much of a difference.
Can't say I thought it was that different to usual. Sounds like you had a really good session so maybe that is making you see the markets differently when it was actually you who was different in that you performed well.eightbo wrote: ↑Sat Aug 17, 2019 8:44 amThis week felt different to me, fewer pullbacks on trends and ppl hitting offered prices much more aggressively/consistently than usual (and for decent amounts).
You lot are probably sleeping now but could people let me know if they thought it was like most weeks or did you feel the activity was unusual?
There were plenty of well backed favs which you were commenting on quite a bit but likewise there were plenty of drifting favs
The one thing I did find different was Randwick didn't trade how I would normally expect Randwick to trade but I think that can be explained by the fact it was actually Kensington but listed as being Randwick.
Checking in on bot performance I rate today as a very weak day that got going a bit later in the afternoon. Very typical of winter racing. Roll on Spring racing carnival.PDC wrote: ↑Sat Aug 17, 2019 9:02 amCan't say I thought it was that different to usual. Sounds like you had a really good session so maybe that is making you see the markets differently when it was actually you who was different in that you performed well.eightbo wrote: ↑Sat Aug 17, 2019 8:44 amThis week felt different to me, fewer pullbacks on trends and ppl hitting offered prices much more aggressively/consistently than usual (and for decent amounts).
You lot are probably sleeping now but could people let me know if they thought it was like most weeks or did you feel the activity was unusual?
There were plenty of well backed favs which you were commenting on quite a bit but likewise there were plenty of drifting favs
The one thing I did find different was Randwick didn't trade how I would normally expect Randwick to trade but I think that can be explained by the fact it was actually Kensington but listed as being Randwick.
Kudos to those who find today profitable.