Bet Angel for newbies / Getting started : What causes your losses

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steven1976
Posts: 1743
Joined: Tue Jan 19, 2010 6:28 am

Thu Aug 10, 2017 4:30 pm

Not understanding a sport can cause losses. Stick to what you know would be my best advice. I know traders who make 20k + a month on football for many years, but constantly lose on horses.

Bluesky
Posts: 420
Joined: Mon Sep 19, 2016 9:26 pm

Fri Aug 11, 2017 8:04 am

steven1976 wrote:
Thu Aug 10, 2017 4:30 pm
Not understanding a sport can cause losses. Stick to what you know would be my best advice. I know traders who make 20k + a month on football for many years, but constantly lose on horses.
Excellent advice, imagine how wonderful it must be making that kind of money from a sport you really enjoy watching.

weemac
Posts: 336
Joined: Mon Sep 16, 2013 8:16 pm

Fri Aug 11, 2017 8:18 am

Buying high, selling low.

threedogs
Posts: 59
Joined: Mon Jan 20, 2014 10:24 am

Thu Sep 13, 2018 11:11 pm

Excellent reading about the issues which affect the price of a horse however Adam Todd say it doesnt matter which way a price goes it is how you deal with the trade thats vital and does something called advanced coin toss trading which just proves that price direction taken at complete random will make profits by how the trade is managed ...

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ruthlessimon
Posts: 1461
Joined: Wed Mar 23, 2016 3:54 pm

Thu Sep 13, 2018 11:18 pm

... & one of those options, is to just hold to post.

Which, done 1000 times, ends up looking something like this:

Image

The most likely scenarios being a return on stake, between 0.0% & -0.4%

Which might explain why he no longer trades

threedogs
Posts: 59
Joined: Mon Jan 20, 2014 10:24 am

Fri Sep 14, 2018 1:07 pm

Hahahahaha suggest you do some research on him .....

threedogs
Posts: 59
Joined: Mon Jan 20, 2014 10:24 am

Fri Sep 14, 2018 1:09 pm

Also you COMPLETELY missed the point which is it doesnt matter which way you trade back or lay its the way you manage the trade thats important and makes money ..I hope thats clear now

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to75ne
Posts: 1870
Joined: Wed Apr 22, 2009 5:37 pm

Fri Sep 14, 2018 1:41 pm

i agree (firmly believe) that how you manage your positions is paramount along with handling yourself (emotions), but the markets have evolved along way from when adam todd was promoting his software, i doubt if his "coin flipping method " would be successful these days, due to number of false moves that occur now, i reckon you would more often than not be cutting for a lose as opposed to more often than not cutting out on a gain.

i could be wrong maybe someone will try some aggressive coin tossing and report the outcome. i dont believe it would be effective these days over the long run.

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SeaHorseRacing
Posts: 2780
Joined: Fri May 20, 2016 7:06 pm

Fri Sep 14, 2018 2:01 pm

Just try not to lose money. Sound so simple. But it really is the key. Don’t get into stupid positions.

A stupid position could we be just 1 tick in in the red.

Defensive. Get to grips with that than move on from their.

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ruthlessimon
Posts: 1461
Joined: Wed Mar 23, 2016 3:54 pm

Fri Sep 14, 2018 4:51 pm

threedogs wrote:
Fri Sep 14, 2018 1:09 pm
Also you COMPLETELY missed the point which is it doesnt matter which way you trade back or lay its the way you manage the trade thats important and makes money ..I hope thats clear now
Which in layman terms means, "have an edge".

Let's say I randomly enter, then I spot something occur in the market, & I cancel my trade. If that limits my negativity (longterm), I've found an edge.

Problem is most people who follow a coin-flipping strategy, are doing it because it looks so easy. & I have a big problem with that.

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