Trading What I see !?

[Kai]

So goat, what would you say we're the most important things you picked up in this journey?

Surely Goaty forgot to say it's important to "eat your reds" too, not just the greens like when you yell that at your children, lol, if you want to become a (mentally) strong trader one day you really have to eat plenty of reds too, it's not a patronizing piss-take.

Yeah, they will taste like shit at first but then you realize it's not so bad and you do get used to it eventually!

[goat68]

So goat, what would you say we're the most important things you picked up in this journey?

Surely Goaty forgot to say it's important to "eat your reds" too, not just the greens like when you yell that at your children, lol, if you want to become a (mentally) strong trader one day you really have to eat plenty of reds too, it's not a patronizing piss-take.

Yeah, they will taste like shit at first but then you realize it's not so bad and you do get used to it eventually!

Just trying to decode the Kai speak, I think that means get used to losing days, weeks,... it's part of the equation...
So for example, the last 10 months, i've not had a losing month, but i've had at a rough estimate 5 losing weeks.

[goat68]

Today just the usual...part of the journey... :

Screenshot 2023-01-02 at 20.56.46.png

[Kai]

Just trying to decode the Kai speak, I think that means get used to losing days, weeks,... it's part of the equation...
So for example, the last 10 months, i've not had a losing month, but i've had at a rough estimate 5 losing weeks.

Well done!

But thought it was self-explanatory really, just saying to accept your losses, big or small, when they come. Since they do make you stronger and better, plus they show you where the limits of your approach/edge is etc, they are very much a normal healthy part of a trader's diet.

[jamesedwards]

Surely Goaty forgot to say it's important to "eat your reds" too, not just the greens like when you yell that at your children, lol, if you want to become a (mentally) strong trader one day you really have to eat plenty of reds too, it's not a patronizing piss-take.

Yeah, they will taste like shit at first but then you realize it's not so bad and you do get used to it eventually!

Even now, four years into full-time trading I still struggle mentally to "eat my reds". Not as bad as I used to be but it's still there.

[Vaz0202]

Love catching up on this, easily my most favourite thread in the forum. Goat is like Tom Hanks in Castaway. Everything looks hopeless but then he’s doing his own dentistry and fashions a boat out of bottles, wood and bamboo. All ends well

[napshnap]

Love catching up on this, easily my most favourite thread in the forum. Goat is like Tom Hanks in Castaway. Everything looks hopeless but then he’s doing his own dentistry and fashions a boat out of bottles, wood and bamboo. All ends well

Yeah, but Tom Hanks didn't have a high-tech spaceship with him and his ally was a stupid ball))

[Kai]

his ally was a stupid ball))

Don't diss Wilson like that, if I recall correctly he won best supporting actor that year, despite not given many lines Must have been a poor year for supporting roles.

[napshnap]

his ally was a stupid ball))

Don't diss Wilson like that, if I recall correctly he won best supporting actor that year, despite not given many lines Must have been a poor year for supporting roles.

Not a fan but his expression indeed was bloody magnificent!

[Crumpets]

his ally was a stupid ball))

Don't diss Wilson like that, if I recall correctly he won best supporting actor that year, despite not given many lines Must have been a poor year for supporting roles.

He really wasn't the same actor after that award. Really inflated his ego

[napshnap]

his ally was a stupid ball))

Don't diss Wilson like that, if I recall correctly he won best supporting actor that year, despite not given many lines Must have been a poor year for supporting roles.

He really wasn't the same actor after that award. Really inflated his ego

He still has a chance, I heard he's a basketball ball now! The Academy likes this stuff.

[Kai]

his ally was a stupid ball))

Don't diss Wilson like that, if I recall correctly he won best supporting actor that year, despite not given many lines Must have been a poor year for supporting roles.

He really wasn't the same actor after that award. Really inflated his ego

Looks like "Wilson" was sold last year at an auction for £230,000, not bad for an old volleyball!

https://www.bbc.com/news/world-us-canada-59242756

[allankane]

@goat68 May I ask you why you started automating for the hounds?

The reason I ask is because the strategy i use, and i am just starting, works very consistently for dogs and you get a LOT of opportunities for testing and making cash, of course. I find that the movements tend to stick on dogs. It isn't scalable with stakes in the same way horses are, but it just seems more consistent to me.

I did think about why this might be and I am starting to assume it isn't as saturated with traders and bots, though I don't know.

[ShaunWhite]

@goat68 May I ask you why you started automating for the hounds?

I'll chip in, it's scale. With 120 races a day you can accumulate intel 4 or 5 times faster than the horses. Find 2 or 3 to trade in each race and you don't need to be making much on each.

I wouldn't say any particular sport is easier than another, that's a matter of using the right approach for the right type of activity.

But would starting on UK dogs be a good idea now? Perhaps not with the long term prospects for UK dog racing being somewhat precarious.

[goat68]

@goat68 May I ask you why you started automating for the hounds?

The reason I ask is because the strategy i use, and i am just starting, works very consistently for dogs and you get a LOT of opportunities for testing and making cash, of course. I find that the movements tend to stick on dogs. It isn't scalable with stakes in the same way horses are, but it just seems more consistent to me.

I did think about why this might be and I am starting to assume it isn't as saturated with traders and bots, though I don't know.

Hi, I think Shaun has given a good answer, but i'd add greyhounds are quite simple compared to horses, nearly always 5 or 6 dogs, a simple track, greater understanding of what's going on, less variables, etc...
I would add though I keep working and investigating new methods in new markets, I currently have 8 strategies running live, and I have a new idea to investigate for February when I get some spare time...