The Crystal Ball method of Trading

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
SweetLyrics
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I'm glad it's not just me, as I was worried I might have been asking a silly question! :lol:
Derek27 wrote:
Sat Sep 14, 2019 4:29 pm
Euler wrote:
Sat Jul 01, 2017 12:25 pm
Gamblers buy volatility, traders sell it. Simple as.
I'm not sure what it means either?
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Kai
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Since Peter didn't have a chance to elaborate further in this thread, I guess this below is him indirectly elaborating, I've timestamped the video in the 2 instances where he talks about selling volatility as a concept.

https://www.youtube.com/watch?v=Ntp0uph ... u.be&t=523

https://www.youtube.com/watch?v=Ntp0uph ... u.be&t=917
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ruthlessimon
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The reason I get confused, is because there's never a mention of "buying low volatility".

If a building's on fire, & no-one cares, that's just as bad, as everyone legging it the moment the fire alarm goes off.

-I'll try rifling through their bags either way :twisted:
spreadbetting
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Kai wrote:
Mon Sep 16, 2019 3:02 pm
Since Peter didn't have a chance to elaborate further in this thread, I guess this below is him indirectly elaborating, I've timestamped the video in the 2 instances where he talks about selling volatility as a concept.

https://www.youtube.com/watch?v=Ntp0uph ... u.be&t=523

https://www.youtube.com/watch?v=Ntp0uph ... u.be&t=917
A lot of balding people on the panel and audience in those videos, hope that's not a prerequisite to being a succesful trader or a consequence of being one :(
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Kai
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spreadbetting wrote:
Mon Sep 16, 2019 4:23 pm
A lot of balding people on the panel and audience in those videos, hope that's not a prerequisite to being a succesful trader or a consequence of being one :(
If that's the case then the presenter stands no chance in the markets, despite all the notes he's been taking :D No, I think the ability to spot patterns like that is one of the main prerequisites to being successful, even pattern baldness!
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Euler
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I wouldn't take panels as a measure of someones ability in my experience!
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Euler
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When you trade you benefit from chaos and instability in the markets, but most people panic when sat on the other side of that. Also, when trading, you can fix your liability but your returns are not fixed.
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ruthlessimon
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Euler wrote:
Mon Sep 16, 2019 8:01 pm
When you trade you benefit from chaos and instability in the markets, but most people panic when sat on the other side of that.
Out of interest, why have you not included lethargy? Pre-race, it seems massively prevalent - participants are consistently slow to react

I guess one of the issues (especially when it comes to education); each trader will have a different definition of "trend", "strong", "weak", "chaos" etc.
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Euler
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There are loads of biases in the pre-race markets. I think that's why I've stuck to them as my core markets for so long.
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TheRiddler
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Pre race markets are just as wonderful as race in play markets
Wonderful, wonderful wonderful.
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