Dutching and greening up

Football, Soccer - whatever you call it. It is the beautiful game.
User avatar
Dallas
Posts: 22674
Joined: Sun Aug 09, 2015 10:57 pm
Location: Working From Home

Steve17 wrote:
Mon Jan 15, 2018 4:40 pm
Thanks I am learning to scalp on the ladder, the problem I have is that during the day I am working, in the evening there is not much liquidity in the markets does this change as we move into the summer months
I assume you mean racing?

If so yes the summer markets are far different from what they are this time of year, in fact Feb is the hardest month of the year trying to find oppertunities etc
https://www.betangel.com/blog_wp/2017/0 ... he-tunnel/

In general though markets for all sports will pick up as we move into summer
User avatar
ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Steve17 wrote:
Mon Jan 15, 2018 4:40 pm
Thanks I am learning to scalp on the ladder, the problem I have is that during the day I am working, in the evening there is not much liquidity in the markets does this change as we move into the summer months
As Dallas says it's a tough time of year. But don't just rule out those evening markets. Liquidity shouldn't be an issue for you, but admittedly it does often go hand in hand with volatility which is the potential danger (or can be your friend).

You can still learn a lot from it as you grind your way through 'The Knowledge', but what I'd suggest is that you give yourself a little more freedom than scalping allows. Just go small, £2, pick a downside exit point to stop at, and allow your trade to move further into profit if it does so. Weak, illiquid markets have the potential to show a decent amount if momentum when they move, but watchout for sharp pullbacks. ie give yourself the chance to learn how things develop without being obsessed by micro moves. Even trading at random should end up break even over time so it shouldn't cost you too much to get involved. If it does cost you more than you expected, then that's your first opportunity to look closely at what you've been doing and make the necessary adjustments.

So many new people pick scalping as the first discipline to learn but imho it's probably the hardest one to master. Trade slower moving markets, try swingier trading, try more mechanical markets like tennis, almost anything except the tricky world of scalping where a sudden move can test your psychology to the limit....or do whatever you like, we're all different :)

Good luck, and keep it fun or you'll get frustrated before you've learnt anything.
User avatar
ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

The title of this thread is a classic, gets me everytime.
Steve17
Posts: 37
Joined: Thu Jan 11, 2018 1:19 pm

Thanks guys am trading small stakes I look at the charts watch the market for about 5 mins I have an off set of one tick and wait for both to be match before I trade again
User avatar
Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Euler wrote:
Sat Jan 13, 2018 8:27 pm
Douching?

https://en.wikipedia.org/wiki/Douche
I missed that post. You really can learn a lot from this forum. :lol:
Steve17
Posts: 37
Joined: Thu Jan 11, 2018 1:19 pm

I been practicing scalping and I just don't seem to be consistent I will be profitable on one then the next will just go against I do look at the bet fair chart to look for a direction should I be using advanced charts I this a learning curve any advice
User avatar
Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I successfully scalp but I sometimes get caught out by a big move. The key is to find stable markets with a lot of liquidity where the prices aren't likely to change drastically. Low grade racing like today are not really suitable and I can't imagine successfully scalping in-play. You might be better off waiting for Haydock this weekend.

Peter said there's a strategy of each market and there's a market for each strategy. Rather than tie yourself to one strategy why not practice a bit of swing trading and scalp when you have suitable markets ?
Steve17
Posts: 37
Joined: Thu Jan 11, 2018 1:19 pm

What markets would I swing trade on. The scalping I am trying is approximately 10 mins before post then greening up
User avatar
Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Markets with a bit of movement in them are ideal for swing trading.

A good way to practice swing trading is to place back and lay bets at points on the ladder where you feel it's highly likely the final price will end up somewhere in the middle or between the two. Use £2 stakes (or less if you want to) so you don't have to panic if the price does (and probably will at least slightly) go against you. Trade out at the off or sooner if you get a good swing.

It does require patience and you have to accept that many of your trades won't get matched, rather than simply moving your unmatched bets closer to the money.
Steve17
Posts: 37
Joined: Thu Jan 11, 2018 1:19 pm

Hi could you tell me how I get the new position on the side of ladder rather than the green up position

Thanks
User avatar
Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Steve17 wrote:
Wed Jan 17, 2018 6:42 pm
Hi could you tell me how I get the new position on the side of ladder rather than the green up position

Thanks
I think you've posted that question to the wrong topic. If you post it to the 'Ladder' topic that you started Dallas or any other member might help you.
User avatar
ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Steve17 wrote:
Wed Jan 17, 2018 6:42 pm
Hi could you tell me how I get the new position on the side of ladder rather than the green up position

Thanks
Like a zero reset after you've had your pair matched? You can't.
I've often thought myself that a 'zero if equalised y/n' with pop up confirmation would be handy sometimes. But I see the dangers.

Probably not a high priority feature though as most people eventually overcome the psychology of already seeing a trading PorL when they enter subsequent trades and can focus purely on the current exit instead of the net market figure. Personally I think that's the hardest nut to crack. That ****ing P&L column, can't live with it, can't live without it.

Hope that's what you meant.
Steve17
Posts: 37
Joined: Thu Jan 11, 2018 1:19 pm

I have traded the horse racing to night I was successful 4 out of 7 times and the ones I lost where considerably more money very small stakes by the way 0.25 tick size, I think one of my problems is not waiting till last 10 mins. Just seem if I lay it goes down if I back it goes up heeeeeeeelllllllp
User avatar
Dallas
Posts: 22674
Joined: Sun Aug 09, 2015 10:57 pm
Location: Working From Home

Steve17 wrote:
Thu Jan 18, 2018 9:20 pm
I have traded the horse racing to night I was successful 4 out of 7 times and the ones I lost where considerably more money very small stakes by the way 0.25 tick size, I think one of my problems is not waiting till last 10 mins. Just seem if I lay it goes down if I back it goes up heeeeeeeelllllllp
Have a watch of the racing videos here, there is loads of tips and advice in them on things to lookout for how to trade in certain situations etc
https://www.youtube.com/watch?v=XAzrpvv ... ZUDAot_BoD

Also if discussing racing now it might be better to start a new thread in the racing section
User avatar
Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

You could also correct the spelling of the topic title. What would visitors to this forum who know nothing about trading think we're all about. :lol:
Post Reply

Return to “Football trading”