Trading What I see !?

The sport of kings.
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speedyhamster
Posts: 111
Joined: Fri Sep 22, 2017 9:58 am

"Understanding the markets will give you the edge you need to create some winning trades, but your
edge won't make you a consistent winner if you don't have a winning attitude. Certainly one could
argue that some traders lose because they don't understand enough about the markets and therefore they usually pick the wrong trades. As reasonable as this may sound, it has been my experience that traders with losing attitudes pick the wrong trades regardless of how much they know about the markets. In any case, the result is the same—they lose.
On the other hand, traders with winning attitudes who know virtually nothing about the markets can pick winners; and if they know a lot about the markets, they can pick even more winners. If you want to change your experience of the markets from fearful to confident, if you want to change your results from an erratic equity curve to a steadily rising one, the first step is to embrace the responsibility and stop expecting the market to give you anything or do anything for you. If you resolve from this point forward to do it all yourself, the market can no longer be your opponent. If you stop fighting the market, which in effect means you stop fighting yourself, you'll be amazed at how quickly you will recognize exactly what you need to learn, and how quickly you will learn it. Taking responsibility is the cornerstone of a winning attitude.
Developing a winning attitude is the key to your success. The problem for many traders is
that either they think they already have one, when they don't, or they expect the market to develop the attitude for them by giving them winning trades. You are responsible for developing your own winning attitude. The market is not going to do it for you, and, I want to be as emphatic as I can, no amount of market analysis will compensate for developing a winning attitude if you lack one."

my final post on physiology on this thread
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beermonsterman
Posts: 331
Joined: Sun Dec 25, 2016 2:47 pm
Location: Birmingham UK

speedyhamster wrote:
Tue Feb 23, 2021 12:14 am
"Understanding the markets will give you the edge you need to create some winning trades, but your
edge won't make you a consistent winner if you don't have a winning attitude. Certainly one could
argue that some traders lose because they don't understand enough about the markets and therefore they usually pick the wrong trades. As reasonable as this may sound, it has been my experience that traders with losing attitudes pick the wrong trades regardless of how much they know about the markets. In any case, the result is the same—they lose.
On the other hand, traders with winning attitudes who know virtually nothing about the markets can pick winners; and if they know a lot about the markets, they can pick even more winners. If you want to change your experience of the markets from fearful to confident, if you want to change your results from an erratic equity curve to a steadily rising one, the first step is to embrace the responsibility and stop expecting the market to give you anything or do anything for you. If you resolve from this point forward to do it all yourself, the market can no longer be your opponent. If you stop fighting the market, which in effect means you stop fighting yourself, you'll be amazed at how quickly you will recognize exactly what you need to learn, and how quickly you will learn it. Taking responsibility is the cornerstone of a winning attitude.
Developing a winning attitude is the key to your success. The problem for many traders is
that either they think they already have one, when they don't, or they expect the market to develop the attitude for them by giving them winning trades. You are responsible for developing your own winning attitude. The market is not going to do it for you, and, I want to be as emphatic as I can, no amount of market analysis will compensate for developing a winning attitude if you lack one."

my final post on physiology on this thread
Nice one 👍 can relate to all that
goat68
Posts: 925
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

speedyhamster wrote:
Tue Feb 23, 2021 12:14 am
"Understanding the markets will give you the edge you need to create some winning trades, but your
edge won't make you a consistent winner if you don't have a winning attitude. Certainly one could
argue that some traders lose because they don't understand enough about the markets and therefore they usually pick the wrong trades. As reasonable as this may sound, it has been my experience that traders with losing attitudes pick the wrong trades regardless of how much they know about the markets. In any case, the result is the same—they lose.
On the other hand, traders with winning attitudes who know virtually nothing about the markets can pick winners; and if they know a lot about the markets, they can pick even more winners. If you want to change your experience of the markets from fearful to confident, if you want to change your results from an erratic equity curve to a steadily rising one, the first step is to embrace the responsibility and stop expecting the market to give you anything or do anything for you. If you resolve from this point forward to do it all yourself, the market can no longer be your opponent. If you stop fighting the market, which in effect means you stop fighting yourself, you'll be amazed at how quickly you will recognize exactly what you need to learn, and how quickly you will learn it. Taking responsibility is the cornerstone of a winning attitude.
Developing a winning attitude is the key to your success. The problem for many traders is
that either they think they already have one, when they don't, or they expect the market to develop the attitude for them by giving them winning trades. You are responsible for developing your own winning attitude. The market is not going to do it for you, and, I want to be as emphatic as I can, no amount of market analysis will compensate for developing a winning attitude if you lack one."

my final post on physiology on this thread
yeah, nice posts speedy, i'm feeling good on my automated data analysis approach i'm now embarking on, cheers
goat68
Posts: 925
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

So had some time to try manual trading a few markets today for a change, probably a lucky streak... however my manual method is not very automatable, sort of objective feeling comparing the horses, with a bit of what's unlikely to happen...?
28Feb.jpg
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ShaunWhite
Posts: 6254
Joined: Sat Sep 03, 2016 3:42 am

goat68 wrote:
Sun Feb 28, 2021 6:23 pm
So had some time to try manual trading a few markets today for a change, probably a lucky streak... however my manual method is not very automatable, sort of objective feeling comparing the horses, with a bit of what's unlikely to happen...?
28Feb.jpg
9 in a row is a 2^9 shot. Personally I feel the whole concept of 'luck' is best left to the heather sellers so I think you can pat yourself on the back. Small word of warning, people do sometimes make manual profits fairly early on, but complacency and the inevitable cockups can throw you off course.

Great results though.
goat68
Posts: 925
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

ShaunWhite wrote:
Sun Feb 28, 2021 6:49 pm
goat68 wrote:
Sun Feb 28, 2021 6:23 pm
So had some time to try manual trading a few markets today for a change, probably a lucky streak... however my manual method is not very automatable, sort of objective feeling comparing the horses, with a bit of what's unlikely to happen...?
28Feb.jpg
9 in a row is a 2^9 shot. Personally I feel the whole concept of 'luck' is best left to the heather sellers so I think you can pat yourself on the back. Small word of warning, people do sometimes make manual profits fairly early on, but complacency and the inevitable cockups can throw you off course.

Great results though.
Thanks Shaun. It did however remind me something I saw that I want to try and automate, something that is difficult to do manually due to speed, but obviously a bot can handle..
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The Silk Run
Posts: 237
Joined: Mon May 14, 2018 12:53 am

Shaun shares a lot of sense, and good advice, masterclass.
Have you tried the automation file on the internationals, ie USA, Australia, if it's not working in the kingdom. You may, or not be pleasantly surprised. Also, some horse racing automation with tweaks can be used on greyhound markets. Just a thought G, we all want you to succeed ;)
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speedyhamster
Posts: 111
Joined: Fri Sep 22, 2017 9:58 am

goat68 wrote:
Sun Feb 28, 2021 7:12 pm
ShaunWhite wrote:
Sun Feb 28, 2021 6:49 pm
goat68 wrote:
Sun Feb 28, 2021 6:23 pm
So had some time to try manual trading a few markets today for a change, probably a lucky streak... however my manual method is not very automatable, sort of objective feeling comparing the horses, with a bit of what's unlikely to happen...?
28Feb.jpg
9 in a row is a 2^9 shot. Personally I feel the whole concept of 'luck' is best left to the heather sellers so I think you can pat yourself on the back. Small word of warning, people do sometimes make manual profits fairly early on, but complacency and the inevitable cockups can throw you off course.

Great results though.
Thanks Shaun. It did however remind me something I saw that I want to try and automate, something that is difficult to do manually due to speed, but obviously a bot can handle..
would a servent be able to do what you want to do?
goat68
Posts: 925
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

So someone posted a reply on Slack that made me think a bit more on why some of my bot strategies are losers...basically if I create a bot strategy that triggers an entry at a given market signal (X), and then holds out until the "off", what i'm basically saying is at point X my "signal" has determined that that price has "value" compared to BSP. In reality you've got no way from a market price/volume/traded/(or whatever) of knowing it is value compared to BSP, hence strategy at best will be net random (zero) before commission.
goat68
Posts: 925
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

However..., it's possible some market signal(X), could imply someone else might buy/sell after me... over a macro timescale, which implies "value" over that timescale.
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