Today's Horse Racing

The sport of kings.
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Black Ice
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Location: Newmarket Suffolk

So..how many hours you think you need to crack it Shaun?
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ShaunWhite
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Black Ice wrote:
Fri Dec 29, 2017 3:37 pm
So..how many hours you think you need to crack it Shaun?
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
dragontrades
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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
mancbrady
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Derek27 wrote:
Fri Dec 29, 2017 3:22 pm
mancbrady wrote:
Fri Dec 29, 2017 10:36 am
Irish 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
If 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.
If only we had that crystal ball which shows us the horses that hit triple figures then drop back down to win 😂
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ShaunWhite
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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
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.

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.
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Dallas
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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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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

Image
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Derek27
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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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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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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

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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Petty crazy first market at Taunton
convoysur-2
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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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that drift was very dodgy
convoysur-2
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Joined: Thu Jan 12, 2012 10:00 am

some one knows something :shock:
lol
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