Today's Horse Racing
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
It'sa difficult question Black Ice, but the consensus seems to be you either get it quickly or it's a grind.
viewtopic.php?f=17&t=15377&p=139554&hil ... ng#p139554
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- Posts: 1248
- Joined: Wed Oct 19, 2016 11:22 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
You dont give up learning because you lost money just trade in practice mode
If only we had that crystal ball which shows us the horses that hit triple figures then drop back down to winDerek27 wrote: ↑Fri Dec 29, 2017 3:22 pmIf you are trading in-play, the pre-race liquidity isn't so important - it's what's happening on the racecourse that counts. It's quite commonplace in the UK or anywhere else for horses to reach triple figures but go in and win.mancbrady wrote: ↑Fri Dec 29, 2017 10:36 amIrish racing
A question for you experienced traders since I am new to this. I noticed during the Irish racing that quite a few of the winners yesterday had big drifts inplay going out to 30,50,100 & even 300 but coming back in an winning. Would you say that this is a common thing in the Irish markets and are they quite often volatile?
I’m just seeing if I should steer clear of these when I am playing with inplay automation as they may throw up some strange results, any insight would be great
Thanks
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
The downside to this is that practice mode is like play money poker, it's easy to make money because you can just keep increasing your risk. It creates some very bad habits.dragontrades wrote: ↑Fri Dec 29, 2017 3:51 pmbtw 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
Practice mode is ok to learn how to use the software, but I think people should move to a 50p stake asap. If you're not prepared to lose a few quid, and learn what that feels like, you're going to have a nasty bump when you move from the soft play area to the actual game.
- ruthlessimon
- Posts: 2094
- Joined: Wed Mar 23, 2016 3:54 pm
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.ruthlessimon wrote: ↑Fri Dec 29, 2017 11:15 pmThey 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
- ruthlessimon
- Posts: 2094
- Joined: Wed Mar 23, 2016 3:54 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.
My personal belief is that Korattt didn't fully understand his edge.
- ruthlessimon
- Posts: 2094
- Joined: Wed Mar 23, 2016 3:54 pm
I'm in dragon's camp on this onedragontrades wrote: ↑Fri Dec 29, 2017 3:51 pmbtw 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 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
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.
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.
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- Posts: 1110
- Joined: Thu Jan 12, 2012 10:00 am
WTF happened there ??
used my whole bank on that one,i have no pictures,,what happened ??
used my whole bank on that one,i have no pictures,,what happened ??
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