Enough is enough - time to admit defeat.

The sport of kings.
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wearthefoxhat
Posts: 1773
Joined: Sun Feb 18, 2018 9:55 am

Dallas wrote:
Fri Nov 20, 2020 5:18 pm
Bubace wrote:
Fri Nov 20, 2020 5:16 pm
Trader Pat wrote:
Fri Nov 20, 2020 4:37 pm


It's an easy mistake to make. When the favourite comes in something will drift but it doesn't mean it will be the 2nd or even 3rd favourite, could be something further down the book. That's why the market overview is so important for seeing what runners are interacting with each other.
sorry quick question about the market overview

whats the risk meter? and whats it refering too? calculating?
Here you go
https://www.betangel.com/user-guide/risk_meter.html

Green for Go.... ;)
eightbo
Posts: 1856
Joined: Sun May 17, 2015 8:19 pm
Location: Malta

guys swap 90% of your forum time for journal/analysis/automation work you'll be legends before Nick comes down the chimney
goat68
Posts: 697
Joined: Tue Jun 30, 2020 3:53 pm
Location: Hampshire, UK

eightbo wrote:
Fri Nov 20, 2020 8:24 pm
guys swap 90% of your forum time for journal/analysis/automation work you'll be legends before Nick comes down the chimney
I'm going to put my current Betfair balance into my bank account, I'll earn more money through interest that way... 🤣
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Morbius
Posts: 162
Joined: Thu Feb 13, 2020 3:38 pm

TraderFred wrote:
Fri Nov 20, 2020 5:51 pm


I wasn't riled so its OK and no apology needed, I thought you were trolling along with the other guy and that does kind of wind me up a bit when I am on this forum for legitimate reasons to engage with people and learn and if possible to pass on my own knowledge and experience because that's how we escape the 9/5. There are a lot of bad eggs on all forums and I don't know who is who yet.

As for "poker champion" well I had to laugh at that as you clearly don't know much about poker do you :D Calling someone a poker champion is like calling someone a trading champion. Poker is basically split in half between tournament poker which is more marketable for TV and where you see the big prize money and cash games. Well I play cash games so you are largely anonymous unless of course you just happen to have written for numerous poker magazines down the years and been sponsored by several card rooms then you are a little bit more well known :D

As for my choice of poker.....well lets just say that some years ago I invented the term "tournaments for show, cash games for dough" because if you wanted consistent income then you had to play cash games. For traders who think horseracing markets are volatile, they ought to try playing short handed Pot Limit Omaha or Tournament poker for a living :lol:

And that term was mine about cash games for dough because I nicked it from Bobby George who used to say "trebles for show, doubles for dough" but others re-nicked it :lol:

So no.....I am not a poker "champion"......just a very profitable one :)
[/quote]


Correct, Morbius. I don’t know very much about poker.

Which is why you won’t find me on the pokerstars forum, lecturing newbies about where they are going wrong.
[/quote]



Don't try being a smart arse mate and concentrate on bringing quality to the forum and less on being a knob
TraderFred
Posts: 186
Joined: Wed Sep 26, 2018 7:55 am

Nobody could ever out smart you, Morbius.

I will go and work on some quality content for the forum. Like pointing out that London is further than 50 miles away from Sheffield. Vital knowledge for any new aspiring trader.
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mcgoo
Posts: 838
Joined: Thu Jul 18, 2013 12:30 pm

I'll post this health/life related info here as it seems relevant. About 4 weeks ago I started urgent and heavy chemo after getting pretty much the worst stage 4 big C diagnosis you can get. Chemo truly does suck but it is what it is and I am doing me best rebellious gorilla fighting impression :P
I'll take this opportunity while I have the strength too if I may (In case I drop off me perch) :To those members who I have built up a chat/online banter relationship with or chatted with and to everybody really-thank you for all the help over the last few or more years. Trading has really been a great challenge. Thank you to the BA team for the software that enables mortals like me to have a go . I don't have much up time in terms of being able to sit here so while recovery etc messages are appreciated , I can't really reply often so I'll assume you wish me well and thank you :) Despite my situation, my overall feeling is gratitude for life generally and this forum has been a big part of my daily life so it seems appropriate to post a little thank you here.

Onto relevance and to the OP- While I have achieved profitability every Saturday in Aus for months now (paid for beer) I was not what I would call a successful trader. I have traded on and on for nearly 10 years now..particularly tried hard in the last 3-4. The UK markets and a lot of Aussie markets eluded me in terms of profitability and nearly tossed the towel in many times, but to keep it short:
I felt a bit more human the other day and managed to trade Doomben( I must love trading :lol: ..but nobody was home so I had a crack as it seemed a positive thing to do)..a market that usually chews me up and spits me out nearly every time. Suddenly though something was different. I saw the big picture and saw the fav moving ..it looked like a clear case of pending reversal and after watching for a few minutes, I entered without hesitation. The bounce came and of course immediately reversed again but not as far as my entry and I stuck (usually would have bailed at that point) My impression of the market hadn't changed and I just watched as the position moved to 10% on stake in my favour and I greened up at post . It was effortless. I mention this because one thing was very different..my emotional attachment to success was gone. This is not a one off. I traded the Masters far more successfully this year than ever before too, after that. I feel free of it like a chain has been broken. I am not saying I am suddenly successful but what I am saying is that as per just about every trading advice video you watch, you are warned about emotion/psychology-my word it is HUGE :shock: . My mortality battle has, for obvious reasons, given me a I don't give a rats attitude to trading outcomes. This would seem expected but it still shocked me massively, as to how powerful it was/is.. So my 10c is..losing my emotional attachment took a bloody cancer diagnosis to shift :? :lol: so I am not sure how you go about shifting it but I can tell you that if you can, you'll be a hell of a better trader. In my case it feels 90% better . I hope I get to test the theory. I hope this helps someone.
Best wishes in all your life and trading journeys :ugeek: . As my Aikido Master says and as I repeat to him daily- OSU! HAJIME!! :mrgreen:
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superfrank
Posts: 2682
Joined: Fri Aug 14, 2009 8:28 pm

mcgoo wrote:
Fri Nov 20, 2020 11:46 pm
Best wishes in all your life and trading journeys :ugeek: . As my Aikido Master says and as I repeat to him daily- OSU! HAJIME!! :mrgreen:
Best wishes to you mcgoo.
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Naffman
Posts: 4671
Joined: Sun Aug 11, 2013 5:46 am

superfrank wrote:
Sat Nov 21, 2020 12:20 am
mcgoo wrote:
Fri Nov 20, 2020 11:46 pm
Best wishes in all your life and trading journeys :ugeek: . As my Aikido Master says and as I repeat to him daily- OSU! HAJIME!! :mrgreen:
Best wishes to you mcgoo.
Good luck mcgoo!
Anbell
Posts: 853
Joined: Fri Apr 05, 2019 2:31 am

Godspeed mcgoo
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gazuty
Posts: 1838
Joined: Sun Jun 26, 2011 11:03 am

mcgoo wrote:
Fri Nov 20, 2020 11:46 pm
Best wishes in all your life and trading journeys :ugeek: . As my Aikido Master says and as I repeat to him daily- OSU! HAJIME!! :mrgreen:
Best wishes to you mcgoo.
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