Trading What I see !?
what I will say is that you learn a heck of a lot just by watching horse racing markets, pretty much what I’m doing this afternoon, recording them is great but for some reason I tend to take more notice of watching them live, without participating a couple of times I would have entered a position only for it to turn against me, by watching hopefully will give me a better understanding as to what happened
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spreadbetting
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- Joined: Sun Jan 31, 2010 8:06 pm
Why not simply watch the prices and see how they behave, the amounts of money at each price point can be very confusing and can appear/disappear in seconds. Most of us are simply following prices in and out, the more you watch, the more you'll be able to spot genuine moves or when money has dried up and prices will back out again. Charts aren't going to help you with that.
Thanks that sounds genuinely helpful, cheersspreadbetting wrote: ↑Tue Oct 27, 2020 3:30 pmWhy not simply watch the prices and see how they behave, the amounts of money at each price point can be very confusing and can appear/disappear in seconds. Most of us are simply following prices in and out, the more you watch, the more you'll be able to spot genuine moves or when money has dried up and prices will back out again. Charts aren't going to help you with that.
Euler wrote: ↑Tue Oct 27, 2020 10:43 amWhat you need is a combination of emotional and intellectual intelligence. Not one or the other.
You can see the problem clearly on social media and betting markets.
Emotionally driven types love the quick smash and grab fast buck things. Pure intellectuals will tell you why it can't be done.
But you need some intellect to work out what to really do, but you also need that decisive nature to do it.
I've had run-ins at both ends. Both of which fight their corner to prove they are right, but ultimately both are wrong as neither of them listen.
Sorry to post again when I said I wouldn't but this topic fascinates me Peter. You are perfectly correct because you do need a balance of emotional and intellectual intelligence and an imbalance would be bad within a trading environment. The betting industry derives a huge revenue stream from emotionally driven betting especially spread markets and anything in play.
But here we have the key point as to the definitive meaning of the term "intellectual" because this conversation reminds me of the age old "book smart" vs "street smart" argument which IMO is too generic an argument. A true "intellectual" isn't someone who is just "book smart". A person who is "book smart" may have no practical experience of something and make horrendous errors not just in trading but in life. A medical student straight out of Uni would be an example although that's a rough analogy.
While it most certainly does require an "intellect" to figure out the right way forward and to solve the problems and while some people may be indecisive, indecisiveness can be solved by education. A learner driver would be indecisive (if they had any sense) during their first month behind a wheel but not so after two years. But an "intellectual" would solve the problems that were presented to them because true intellectuals perceive what they don't know as well as what they do and where they are falling short.
Scientists for example like Lawrence Krauss are intellectuals but that isn't because they are scientists or book smarts or very intelligent (even though they are)....it is because they are very smart problem solvers and simply think on a higher level but they don't think on a higher level because of book learning. Being intellectual directed them to increase their learning because through wisdom or higher intellect or whatever you want to call it, they accurately deduced that there was a lot more to know than they already knew. I actually dug deep into this subject a few years ago because of its relevance to risk markets and the areas that I was actively involved in a risk capacity so that is why it is such a fascinating topic for me...which you can tell lol
There is no binary outcome with this and no "right or wrong" as you correctly say and if anyone fights their argument too much well then they aren't being overly scientific and are probably not science literate and are certainly not "intellectual". Because you need to be very careful in how aggressively you fight your corner unless it is something which is undisputable because this time next year you could be totally wrong if you were ever right in the first place
Stop posting anymore on this subject and distracting me
Probably deserves a separate thread TBH.Stop posting anymore on this subject and distracting me
It was a bit of a breakthrough moment for me which is why I'll often join in on these debates.
I've loads of examples of people on either end of the spectrum that led me to realise there was probably an edge in the way you thought. But it requires going against the norms, which is why few can really pull it off.
But it's incredibly enlightening when you can do it.
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spreadbetting
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- Joined: Sun Jan 31, 2010 8:06 pm
Why try trading just with the grid for now?
I know most traders prefer the ladder because of all the additional info it can give you but for someone starting out that can be too much of an information overload. The grid will gve you a much better vew of how prices relate to each other withn the market rather than focussing in on single runners.
Euler wrote: ↑Tue Oct 27, 2020 4:31 pmProbably deserves a separate thread TBH.Stop posting anymore on this subject and distracting me
It was a bit of a breakthrough moment for me which is why I'll often join in on these debates.
I've loads of examples of people on either end of the spectrum that led me to realise there was probably an edge in the way you thought. But it requires going against the norms, which is why few can really pull it off.
But it's incredibly enlightening when you can do it.
Peter Webb you are hereby charged with the statutory offence of distracting Morbius and are therefore guilty and seeing as you have previous "convictions" within my household from your Youtube videos then I warn you...you are on thin ice with my not to be messed with other half
It is certainly a way of thinking for sure and is why some people simply cannot crack it but IMO they never give themselves a chance. I can't help using analogies because my work and teaching was directed down that avenue but its like going on a journey without knowing how long the journey is, if you don't have this information then how can you know how far you have to travel and if you stopped short then how far short were you?? If people simply stuck at the problem, I am certain that they would crack trading. But "sticking at the problem" isn't enough if all you do is stick doing the same thing. If people don't expand their knowledge and experience and learn from that then the reasons why you are wrong should reveal themselves over time.
This is why it is often just as productive to see strategies from traders who cannot get ahead and analyse them. They often reveal good strategies that were slightly incorrectly implemented or strategies that simply don't work thus taking you closer to the truth. "If in the course of eliminating everything that is untrue then what is left however improbable is true". A trading diary would highlight a lot of these pit falls.
"Endeavour to Persevere" as Abraham Lincoln once said, To quote another "intellectual".....Albert Einstein once said "I am not smarter than everyone else, I just stay with problems longer"
LAST POST ....EVER!!!!!!!!!!!!!!!!!!!!!!!!
Damn it...I can't post again but forgot to say something so its an edit.
Yes at some stage there will be a "light bulb" drawing back of the curtains moment and that is a great feeling in any subject when it happens but it takes work and a bullish attitude to never giving in.-
firlandsfarm
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I've studied the vids Korattt and watch the prices in races (and I have a 'bent' for numbers as a maths student) but all I see is a lot of numbers randomly increasing and decreasing with no pattern. For example ... Yes, it's obvious that if one price goes out then one or more must come in but that's of no help to man nor beast because it's instantaneous. So I see such comments, as Basil Faulty would say, as "stating the bleeding obvious"! Prices go up and come down and the cause is always because there is more money one way than the other that holds for every market everywhere in the world ... WHY the money pattern should be so is a completely different subject. So in the example the 'why' for other runners is not that the price on X went out it's why did the price on X go out. (Getting down to the 'proximate cause')
It's obvious Peter and many others here are very successful traders so they are doing something right but like Goat all I see are numbers changing at random! I think the best way to learn to trade would be to enjoy 1:1 mentoring otherwise all new traders are effectively inventing their own version of the wheel.
you’re looking at too many numbers, just focus on one ladder & see what happens from therefirlandsfarm wrote: ↑Wed Oct 28, 2020 5:15 am.. but all I see is a lot of numbers randomly increasing and decreasing