Trading What I see !?
I’m not sure that’s the case. Novice traders will be using smaller stakes so shouldn’t influence the market. So the general direction will be where the “big money” goes. I’m pretty shit at explaining things but hope you get the jist.
Why is the price action so random then?
Hard to read isn't the same as random. Those prices eventually get to their SPs - and any analysis of sp v winrate seems to show anything but randomness.goat68 wrote: ↑Thu Nov 19, 2020 3:34 pmWhy is the price action so random then?
- speedyhamster
- Posts: 119
- Joined: Fri Sep 22, 2017 9:58 am
Would not be enough volume from Novice traders to do that, Market will seam random until you recognize what is happening and who is doing what (eg lay traders pushing price up , or backers pushing the price down, or traders bouncing the price round the crossover points .....)
- speedyhamster
- Posts: 119
- Joined: Fri Sep 22, 2017 9:58 am
some markets are hard to read so i personally skip those markets no trade
I traded 10 races yesterday and hit all 10. I'm quite picky when it comes to what I trade. I'm by no means a big player I just follow the money. Haven't traded today as the bloody missus thought it was a good idea to start decorating. However, 100% is a good day for me, I hit anything between high 60's and low 80's. Took me a long time to be able to accept when I'm wrong, but I can cut my losses quite quickly now.goat68 wrote: ↑Thu Nov 19, 2020 3:34 pmWhy is the price action so random then?
Have you started screen recoding your trading yet?
5 races