Cross Matching - on or off?

[Blondie]

Don't think it matters much for stuff like racing, it only has one tradable market in effect, but if people have a specific situational use for it you can expect them to be a bit stingy with this info

I find the cross-market XM part to be one of the main benefits since it spreads some liquidity to other markets and makes them sort of tradable too, for example a trade like this wouldn't really be possible otherwise, it's another way to keep trading a match after MO goes to 1.01 and becomes untradable

So I wouldn't obsess over it too much, obviously a market is a bit deeper than it looks at first glance whether you have it on or off because of iceberg orders where only the "tip of the iceberg" is really visible at any given time

Would be helpful if software had a way of displaying virtual money differently so you would have all the relevant info at hand right away

Hope that helps

That helps a LOT. Thank you.

"you can expect them to be a bit stingy with this info " - Aaaah, never thought of that, good point thanks!

"a trade like this wouldn't really be possible otherwise" - Wow, couple of thousand euros matched? Yes Id have said that would never be tradeable!

"iceberg orders" - Not sure what this means but I think you mean someone may have 1k in the ladder but it's just a chunk of a 10k order they are trying to put through, but don\'t want to influence the market by putting it all in at once, is that right?

"Would be helpful if software had a way of displaying virtual money differently" - What a great idea. Maybe it could have a ghost icon floating next to it

[Blondie]

To clarify, switching XM on or off just changes the price info being displayed to include or exclude virtual bets. Whether the matching engine uses XM for a market is set by the exchange, to opt out of that you'd also have to switch off Best Execution at account level.

Oh, that's an important point I wasnt aware of, thanks

[Kai]

You could run 2 separate instances

Aye but probly too clunky to be worth imo

"iceberg orders" - Not sure what this means but I think you mean someone may have 1k in the ladder but it's just a chunk of a 10k order they are trying to put through, but don\'t want to influence the market by putting it all in at once, is that right?

Def worth exploring if not too familiar with the term as it's essentially what can prevent prices from moving beyond a certain point etc

[Blondie]

Thanks. Does Iceberg just refer to those 'outsize' (extra large) bets that are several times bigger than any other queues of money on the ladder? (which limit movement past, if real)

[Kai]

Thanks. Does Iceberg just refer to those 'outsize' (extra large) bets that are several times bigger than any other queues of money on the ladder? (which limit movement past, if real)

Well not necessarily, the main purpose of iceberg orders really is to hide the true size of a trader's position to minimize market impact and avoid signalling their intentions to other market participants

Like most traders I’ve had to use iceberg orders too, as otherwise your strategy might look a bit too obvious, plus harder to execute which cuts into the expected profit

Sometimes I also use very small or minimal bets as "markers" to notify me if certain prices reach an interesting range to maybe get more involved there

Can be helpful for manual traders to try and augment their trading wherever possible

[Blondie]

Thanks, so more like a bunch of orders on the ladder, shaped like an iceberg with maybe 500 in middle, and fewer hundreds either side, the middle one being where you hope/expect it to reach?

You sound like you know what you're doing. Just curious, are there any professional or at least successful pre race traders here who offer 1 to 1 guidance or tuition? Or even just analysing some recorded trades maybe?

[ShaunWhite]

Thanks, so more like a bunch of orders on the ladder, shaped like an iceberg with maybe 500 in middle, and fewer hundreds either side, the middle one being where you hope/expect it to reach?

No, it's where someone might want to put 10 grand down, so they put up 1000, wait until it's taken, then have another grand, and repeat. Like an iceberg you only see a portion of it at at time, unlike an iceberg it's not necessarily at 1/10. It's done where just lumping on with 10 grand would affect the market.

[ShaunWhite]

Just curious, are there any professional or at least successful pre race traders here who offer 1 to 1 guidance or tuition? Or even just analysing some recorded trades maybe?

You could always look at the football with Psycoff https://www.psychoff.co.uk/vip-mentoring

[Kai]

Just curious, are there any professional or at least successful pre race traders here who offer 1 to 1 guidance or tuition? Or even just analysing some recorded trades maybe?

You could always look at the football with Psycoff https://www.psychoff.co.uk/vip-mentoring

Heard there's a little queue for that one!

[ShaunWhite]

Just curious, are there any professional or at least successful pre race traders here who offer 1 to 1 guidance or tuition? Or even just analysing some recorded trades maybe?

You could always look at the football with Psycoff https://www.psychoff.co.uk/vip-mentoring

Heard there's a little queue for that one!

Lesson #1. We don't look at cost we only look at value. And as value has a gravitational effect that pulls cost towards it over time.....

My take was that Ersen wanted some income the tax man could see and didn't want to work too hard for it.

[Kai]

My take was that Ersen wanted some income the tax man could see and didn't want to work too hard for it.

I actually think mentoring is much harder work than trading.

Usually the easiest thing is to just sell something without the hassle of offering any real support or taking responsibility for it

[Blondie]

Thanks, so more like a bunch of orders on the ladder, shaped like an iceberg with maybe 500 in middle, and fewer hundreds either side, the middle one being where you hope/expect it to reach?

No, it's where someone might want to put 10 grand down, so they put up 1000, wait until it's taken, then have another grand, and repeat. Like an iceberg you only see a portion of it at at time, unlike an iceberg it's not necessarily at 1/10. It's done where just lumping on with 10 grand would affect the market.

Got it, thank you

[Blondie]

Just curious, are there any professional or at least successful pre race traders here who offer 1 to 1 guidance or tuition? Or even just analysing some recorded trades maybe?

You could always look at the football with Psycoff https://www.psychoff.co.uk/vip-mentoring

What the F?! Should I laugh, cry, or let them know the web designer made a hilarious typo?!

[Blondie]

Comments above noted, but I was quite serious with my question. If the answer's no that's fine, just thought I'd ask. Not looking for a 'course', nor 'mentoring' where I can lean on someone else for success. I intend to find my own way with study and practice mostly, but on a bad day or a particular type of trade/market I get wrong regularly, I wondered if there was anyone who would charge a small fee to watch a recording and give me their 5 min view on what I did wrong. Something like that anyway, just 'any comments welcome', rather than 'teach me how to do what you do'. That's a unicorn after all. Having said that... If it's FORTY GRAND, then it 'must be good'.