Enough is enough - time to admit defeat.

[spreadbetting]

In hindsight if I was starting out now I wouldn't bother with the nags. If you're winning on the football stick with it and look for other opportunities, probably a blessing in disguise you don't have to do the daily grind on the horses.

I've been betting on horses since the age of eight and came into trading without even considering any other sport. Looking back, it was quite a waste of opportunities.

I think alot of us fell into trading horses because that was our first experience of betting. My first ever bet was on a Lester Piggott horse as a student, he was the only jockey I'd ever heard of. Because that won I thought betting was an easy way to make a living

[Xeres]

Thanks for the resposnses.

You'd be surprised how much I actually know. I just cant put it all together.

Question for Dallas: Would Bet Angel have any issues with me having a You Tube channel that advises traders where trades go wrong. I would only do it if BA didnt have any issues with it.

Have you ever thought about trying to automate your trading strategies? I also found trading quite difficult because I was second guessing all my own decisions, I don't like just 'knowing' or 'feeling' something is going to happen without something that I can measure - so I can quantify the uncertainty etc. I ended up sticking with placing simple back bets since I can automate it, all I need to think about now is the underlying strategy.
The only way I could trade would be algorithmically.

Thanks for the resposnses.

It quite demoralising trading alone, having nobody to bounce ideas off.

Question for Dallas: Would Bet Angel have any issues with me having a You Tube channel that advises traders where trades go wrong. I would only do it if BA didnt have any issues with it.

I also found this to be an issue and still do, I was up until midnight last night working on a strategy, just trying to make sense of what the numbers mean and if I can do anything with it. I've had many eureka moments only to realise later that I made an error which is the danger when you are the maker and checker of your own work.

[xtrader16]

Im going to go back to practise account and start again from scratch.

I'm not sure why we dont have a Twitter account that people can engage in that is private and for only people in the forum. It would be for people who are still learning if people who are highly profitable wanted to join that is fine as well.

[to75ne]

'm not sure why we dont have a Twitter account that people can engage in that is private and for only people in the forum. It would be for people who are still learning if people who are highly profitable wanted to join that is fine as well.

does that not defeat one of the leading purposes of this forum?

[Derek27]

'm not sure why we dont have a Twitter account that people can engage in that is private and for only people in the forum. It would be for people who are still learning if people who are highly profitable wanted to join that is fine as well.

does that not defeat one of the leading purposes of this forum?

I was gonna say the same thing. I don't even have a Twitter account (I wish I did now so I could abuse Trump and co) but you can share information and opinion just as easily on here.

[Trader Pat]

Also it would be impossible to stay on topic if their was a Twitter account

[Dallas]

The option of a 'Live Chat' as an extension to the forum has been considered a few times but it always comes back to the same set of problems like;
>keeping stuff on topic
> If you are trading posting to the forum afterwards works well but you wouldn't be able to trade effectively if trying to live chat at the same time
> When you look at the chat window when Peter does a live stream or when watching a live event on YouTube its hard to keep up with just reading let along trying to respond to a particular message

[LeTiss]

What a strange opening post

He claims he's making money on football, but is saying goodbye because he's struggling on horses......so what!!

I've always struggled with horses. The only horse races I trade are the classics and Group 1. I'm self-employed through football and other sports.

Why would you walk away?
Something seems amiss

[pedro1886]

Is there traders who consistently profit from in running?

I've been focusing heavily for the past 6 months. All I seem to read is things like "eventually you lose or you could write on the back of a stamp the amount of people who are profitable from in running"

I got on ok with pre race but I started to self doubt. Maybe I just needed to spend more time in the markets.

It's after watching a few of peter's videos where he asks things like "when you win how much do you win? And when you loose how much do you lose?" A decent strike rate may not make up for a few bad runs in play.

I can see that it does take discipline eg don't try & make something happen or just lay a random horse. Get your one click buttons set up to make use of servants if you spot a B2L or L2B

Will inplay become harder once the crowds are back on course?

[xtrader16]

What a strange opening post

He claims he's making money on football, but is saying goodbye because he's struggling on horses......so what!!

I've always struggled with horses. The only horse races I trade are the classics and Group 1. I'm self-employed through football and other sports.

Why would you walk away?
Something seems amiss

Not so strange to be honest. I have always wanted to trade Horse Racing as that is where the real money is. Races are every 10 minutes (or 8 nowadays for some reason), football matches on TV are 5-6 per week. I have got a football trading strategy that returns 3-7% of initial stake and the risk is close to zero but I find it difficult watching 90 minutes of football at times. Bores me to death.

I want to be a Horse Racing trader. It has turned from a challenge into an obsession. I know as much as most traders but for some reason I cannot put it all together, it is highly frustrating. I cannot see me giving up or taking a break I am 99% there.

[xtrader16]

Is there traders who consistently profit from in running?

I've been focusing heavily for the past 6 months. All I seem to read is things like "eventually you lose or you could write on the back of a stamp the amount of people who are profitable from in running"

I got on ok with pre race but I started to self doubt. Maybe I just needed to spend more time in the markets.

It's after watching a few of peter's videos where he asks things like "when you win how much do you win? And when you loose how much do you lose?" A decent strike rate may not make up for a few bad runs in play.

I can see that it does take discipline eg don't try & make something happen or just lay a random horse. Get your one click buttons set up to make use of servants if you spot a B2L or L2B

Will inplay become harder once the crowds are back on course?

To profit consistently from In Running horse racing you need to be a form expert with extensive notes on every horse in the race. In Running profits are 95% research and 5% execution.

It can be done, and the profits are huge and fast but again you must control your risk. I was in a In Running group on line run by somebody who I considered to be the best form analyst in the UK and believe me you need to be dedicated to that form book and watch 100 replays a day and keep extensive notes on how a horse runs.

This fella (initials AR) could talk you through how a race would play out and he would nail it 70% of the time. When you are hitting 8.0 to 3.0 and they go on to win you don’t need to many of those be earning big money.

95% research 5% execution.

[Derek27]

What a strange opening post

He claims he's making money on football, but is saying goodbye because he's struggling on horses......so what!!

I've always struggled with horses. The only horse races I trade are the classics and Group 1. I'm self-employed through football and other sports.

Why would you walk away?
Something seems amiss

Not so strange to be honest. I have always wanted to trade Horse Racing as that is where the real money is. Races are every 10 minutes (or 8 nowadays for some reason), football matches on TV are 5-6 per week. I have got a football trading strategy that returns 3-7% of initial stake and the risk is close to zero but I find it difficult watching 90 minutes of football at times. Bores me to death.

I want to be a Horse Racing trader. It has turned from a challenge into an obsession. I know as much as most traders but for some reason I cannot put it all together, it is highly frustrating. I cannot see me giving up or taking a break I am 99% there.

There's something very strange xtrader. You say in the thread title and opening post you've tried everything, cannot make a profit, enough is enough and time to admit defeat, now you're saying despite being unprofitable, you're 99% there and cannot see yourself giving up!

Realistically, once you've reached the stage where you're making a profit you've got quite a long way to go from there. Have you thought about sticking to football and increasing your stakes?

It's a double-edged sword. There are some very weak horse racing markets and some big liquidity football matches, and vice-versa.

[xtrader16]

'm not sure why we dont have a Twitter account that people can engage in that is private and for only people in the forum. It would be for people who are still learning if people who are highly profitable wanted to join that is fine as well.

does that not defeat one of the leading purposes of this forum?

The difference between a 'Live Chat Room' such as a Twitter or Slack account (slack would be better)is that people can talk interact with each other and the information is disregarded in the short term. So, 3-4 traders could be discussing something between each other and bouncing ideas and working things out rather than sitting at home alone.

The forum is a knowledge base. What Dallas does is beyond exceptional and he could not be more helpful, we all appreciate that no doubt but most 'conversations' are lost in the archives. The information Dallas provides is locked in for the long term.

I think if there were a Slack trading room people would be talking to each other at different times of the day. If I was trading football at 19:45 Kick off I might be talking to somebody from 18:00 about what I wanted to do. or pre horse racing going through the races from 10:00am. I doubt this would appeal to people who are already successful as they wouldn't want to give their ideas away but it would benefit 'novice traders' who are still learning and the information is only withheld by the individual not the app.

Slack - Short term learning and conversation.
Forum - Long term learning and detailed information/guidance.

and if you don’t want to use it just don't join in. We should give it a go and only Bet Angel subscribers can join.

[Derek27]

Is there traders who consistently profit from in running?

I've been focusing heavily for the past 6 months. All I seem to read is things like "eventually you lose or you could write on the back of a stamp the amount of people who are profitable from in running"

I got on ok with pre race but I started to self doubt. Maybe I just needed to spend more time in the markets.

It's after watching a few of peter's videos where he asks things like "when you win how much do you win? And when you loose how much do you lose?" A decent strike rate may not make up for a few bad runs in play.

I can see that it does take discipline eg don't try & make something happen or just lay a random horse. Get your one click buttons set up to make use of servants if you spot a B2L or L2B

Will inplay become harder once the crowds are back on course?

To profit consistently from In Running horse racing you need to be a form expert with extensive notes on every horse in the race. In Running profits are 95% research and 5% execution.

It can be done, and the profits are huge and fast but again you must control your risk. I was in a In Running group on line run by somebody who I considered to be the best form analyst in the UK and believe me you need to be dedicated to that form book and watch 100 replays a day and keep extensive notes on how a horse runs.

This fella (initials AR) could talk you through how a race would play out and he would nail it 70% of the time. When you are hitting 8.0 to 3.0 and they go on to win you don’t need to many of those be earning big money.

95% research 5% execution.

If a grandmaster tells you, the only way to mate in 3 is bishop D5, you can trust him, he's analysed all the lines to draw that conclusion.

But when it comes to more worldly things with more possible events than a game of chess, like, the only possible way to win IP is to be a form expert, he really means that's the only way he knows how to win. I'm sure botters will have spotted profitable trends, knowledgable traders will be spotting potential overreactions and playing the probability game rather then determining value, etc.

[Derek27]

does that not defeat one of the leading purposes of this forum?

The difference between a 'Live Chat Room' such as a Twitter or Slack account (slack would be better)is that people can talk interact with each other and the information is disregarded in the short term. So, 3-4 traders could be discussing something between each other and bouncing ideas and working things out rather than sitting at home alone.

The forum is a knowledge base. What Dallas does is beyond exceptional and he could not be more helpful, we all appreciate that no doubt but most 'conversations' are lost in the archives. The information Dallas provides is locked in for the long term.

I think if there were a Slack trading room people would be talking to each other at different times of the day. If I was trading football at 19:45 Kick off I might be talking to somebody from 18:00 about what I wanted to do. or pre horse racing going through the races from 10:00am. I doubt this would appeal to people who are already successful as they wouldn't want to give their ideas away but it would benefit 'novice traders' who are still learning and the information is only withheld by the individual not the app.

Slack - Short term learning and conversation.
Forum - Long term learning and detailed information/guidance.

and if you don’t want to use it just don't join in. We should give it a go and only Bet Angel subscribers can join.

I've just quoted that post correctly for you as it appeared I was quoting your text.