I put a video up showing my Bet Angel graph settings. A couple of people asked me about them so here is the link.
http://www.quiteamug.co.uk/education ... -up-guide/
I am getting lots of questions about Bet Angel. So I am very happy to promote this great product to the "outsiders" lol
Trading Videos
Basically, yes. But it's a bit more instinctive I guess. My entry/exit points appear more random than they actually are. But trying to explain in detail every discussion while your processing all the info coming in is very hard.Ferru123 wrote:Hi Steve
Just been watching a couple of your videos.
Am I right in thinking that your style is generally to trade with the trend, trading fairly low priced horses and letting your profits run whilst cutting your losses?
Jeff
Watching back the videos myself has been very worthwhile. It's hard not to be over critical in hindsight.
I think the whole process is fairly simple really, but it's easy to get bogged down this the mechanics of it. If you look at a graph of all the horses in the race before you start, which gives you a snapshot of the market. You can see roughly where things may go. It's certainly not foolproof. As there are so many random variables.
I think you have to find you niche and what works best for yourself. This way seems to work ok for me.
When I get a chance I intend to take a video and break it down into tiny pieces and try to explain properly exactly whats going on. Think that will be a good exercise to go though and may help some.
Thanks Steve.
If you get a race that is better suited to scalping than swing trading (say, one where the fav is trading at 6.0 and none of the key horses are trending strongly), would you give the race a miss?
BTW, it's interesting to hear you expressing uncertainty in your videos about what the market will do next. I think some people assume that pro traders have some secret knowledge that tells what will happen next (or manipulate the market to make it conform to their will!). And as I am full of uncertainty and conflicting thoughts sometimes, it's reassuring to know that I'm in good company!
Jeff
If you get a race that is better suited to scalping than swing trading (say, one where the fav is trading at 6.0 and none of the key horses are trending strongly), would you give the race a miss?
BTW, it's interesting to hear you expressing uncertainty in your videos about what the market will do next. I think some people assume that pro traders have some secret knowledge that tells what will happen next (or manipulate the market to make it conform to their will!). And as I am full of uncertainty and conflicting thoughts sometimes, it's reassuring to know that I'm in good company!
Jeff
Sometimes Jeff, it it so obvious what will happen. Mostly there are so many variables you give it your best guess and then manage that position. If you control your losses and get the best out of the ones you get right it sort of works out.Ferru123 wrote:Thanks Steve.
If you get a race that is better suited to scalping than swing trading (say, one where the fav is trading at 6.0 and none of the key horses are trending strongly), would you give the race a miss?
BTW, it's interesting to hear you expressing uncertainty in your videos about what the market will do next. I think some people assume that pro traders have some secret knowledge that tells what will happen next (or manipulate the market to make it conform to their will!). And as I am full of uncertainty and conflicting thoughts sometimes, it's reassuring to know that I'm in good company!
Jeff
I am not interested in trading in this style at anything bigger than maybe 4, mostly I like between 1.6 - 3. I find heavy odds on difficult, I'll struggle at the festival, I usually do. But I still love it.
Cheers It does take lots of time. But the focus it gives is of great benefit to me. I have gone though periods of stagnation. This blog has rekindled my creative side. My head is crammed full of new ideas for stuff to share. Problem is the summer and my bike. I have been in hibernation for so longto75ne wrote:just stumbled on your blog, superb. dont know how you find the time and motivation but, glad you do. hope it goes well in the future.
Mugs
I am going to pull you up on something now. A while back me and you exchanged views. Me being new and you experienced - remember! Why didnt you just say watch my videos and if you can grasp the concept you may make a few bob? The videos are a great insight but I need to watch them a few times for it all to sink in. One thing though put your mouth closer to the mike as I have my pc turned up full and still cant hear you very well. Great job it will really help, the main reason being that it makes it sound complicated (as it really is if you havent done any trading before)where as Peters makes it sound easy and doesnt really show what disasters can happen. Nice one
I am going to pull you up on something now. A while back me and you exchanged views. Me being new and you experienced - remember! Why didnt you just say watch my videos and if you can grasp the concept you may make a few bob? The videos are a great insight but I need to watch them a few times for it all to sink in. One thing though put your mouth closer to the mike as I have my pc turned up full and still cant hear you very well. Great job it will really help, the main reason being that it makes it sound complicated (as it really is if you havent done any trading before)where as Peters makes it sound easy and doesnt really show what disasters can happen. Nice one
Sounds dead loud on minerogerlisa wrote:Mugs
I am going to pull you up on something now. A while back me and you exchanged views. Me being new and you experienced - remember! Why didnt you just say watch my videos and if you can grasp the concept you may make a few bob? The videos are a great insight but I need to watch them a few times for it all to sink in. One thing though put your mouth closer to the mike as I have my pc turned up full and still cant hear you very well. Great job it will really help, the main reason being that it makes it sound complicated (as it really is if you havent done any trading before)where as Peters makes it sound easy and doesnt really show what disasters can happen. Nice one
It is complicated. There are lots of variables going on. Anyone who has tried to crack ladder trading will tell you it isn't easy. I am trying to break it down as much as I can. But trying to give out skills that took years to learn is not easy. Peter makes it sound easy because he is the master. He has a completely different style to me. There isn't just one. way you can make it work. Plus he is way more eloquent than I am. Good luck mate.
Sounds dead loud on minerogerlisa wrote:Mugs
I am going to pull you up on something now. A while back me and you exchanged views. Me being new and you experienced - remember! Why didnt you just say watch my videos and if you can grasp the concept you may make a few bob? The videos are a great insight but I need to watch them a few times for it all to sink in. One thing though put your mouth closer to the mike as I have my pc turned up full and still cant hear you very well. Great job it will really help, the main reason being that it makes it sound complicated (as it really is if you havent done any trading before)where as Peters makes it sound easy and doesnt really show what disasters can happen. Nice one
It is complicated. There are lots of variables going on. Anyone who has tried to crack ladder trading will tell you it isn't easy. I am trying to break it down as much as I can. But trying to give out skills that took years to learn is not easy. Peter makes it sound easy because he is the master. He has a completely different style to me. There isn't just one. way you can make it work. Plus he is way more eloquent than I am. Good luck mate.
Not always, there are trends within trends. In general i suppose I do.
It's more important to form an overall view of the market. The trends fit into that I guess.
Jeff, I never really give it much thought, it's sort of 2nd nature. Almost a habit?
It's more important to form an overall view of the market. The trends fit into that I guess.
Jeff, I never really give it much thought, it's sort of 2nd nature. Almost a habit?
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This guy is my old sales manager,
Hes a great man for alot of reasons ,
he possesses a great ability to help people achieve what they want.(legally of course )
Here is a like to a video he just posted ,i think its very very relavent to trading,its only 4 mins long and sure go on.take your eyes off the ladder for 5 mins ,
https://www.youtube.com/watch?v=HVXkBr2 ... e=youtu.be
Marc
Hes a great man for alot of reasons ,
he possesses a great ability to help people achieve what they want.(legally of course )
Here is a like to a video he just posted ,i think its very very relavent to trading,its only 4 mins long and sure go on.take your eyes off the ladder for 5 mins ,
https://www.youtube.com/watch?v=HVXkBr2 ... e=youtu.be
Marc
Hi Marc
Thanks for posting; I think it is relevant to trading as you say.
That explains why we get so many new traders who post up and say "Ive traded 15 races on the trot and not lost on any"..when you look at their P&L it becomes apparent that they have only been using £2 stakes.
If they were to raise those stakes to £200..the results wouldn't be the same..not because they are doing anything different its just the stake size..it changes your perspective
Last week at Aintree, I was trading and using 4 fig stakes..and felt within my comfort zone.. in between the Aintree races I was trading another course and forget to change the Stake and I dropped £1000 into a lowish liquidity market..(in the same style as I had done at Aintree) . When I realised what I had done, I quickly cancelled it, but I could feel the adrenaline rush!
Having said that, I remember the first time I used £50 stakes and I was on the edge of my seat..I now use twice that sum whilst I am on work conference calls or the phone and think nothing of it..bigger stakes when I am concentrating
I guess its the combination of increased skill set or just getting used to it...maybe they are the same thing..?
Regards
Peter
Thanks for posting; I think it is relevant to trading as you say.
That explains why we get so many new traders who post up and say "Ive traded 15 races on the trot and not lost on any"..when you look at their P&L it becomes apparent that they have only been using £2 stakes.
If they were to raise those stakes to £200..the results wouldn't be the same..not because they are doing anything different its just the stake size..it changes your perspective
Last week at Aintree, I was trading and using 4 fig stakes..and felt within my comfort zone.. in between the Aintree races I was trading another course and forget to change the Stake and I dropped £1000 into a lowish liquidity market..(in the same style as I had done at Aintree) . When I realised what I had done, I quickly cancelled it, but I could feel the adrenaline rush!
Having said that, I remember the first time I used £50 stakes and I was on the edge of my seat..I now use twice that sum whilst I am on work conference calls or the phone and think nothing of it..bigger stakes when I am concentrating
I guess its the combination of increased skill set or just getting used to it...maybe they are the same thing..?
Regards
Peter