Today's Horse Racing

[Euler]

A few people sweating on the next!

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[alexmr2]

Shame that the jockey got hurt getting thrown off that 1.2 favourite but a bigger shame they withdrew it and I didn't get my profit Thought it was going to be trade of the year when it bolted off

[Euler]

That's the great thing about these gambles, is if they win the price crashes in elsewhere, but if not they shoot out. Heads you win, tails you win!

Thing is it happens that quick how do you take advantage of it? Most of the time markets already gone before the race has even finished.

After that first race looked like it was going to end in failure I was just looking for the others to drift. That is all.

[wearthefoxhat]

A few people sweating on the next!

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Betfair took a while to withdraw the horse. The live video (with delay) were yapping on about it for what seemed ages.

[Euler]

Not sure what YT is mate? At the end of the day it’s a highly efficient market so the is no wonder we struggle. I’ve only really seen Caan and Peter produce serious profits pre off. How they have an edge over so many people is what baffles me. Talk about it so openly, video’s etc… but don’t seem to lose the edge?

Don't believe everything you see on the internet.

I've had to work really hard over a large number of years on data collection, strategy, psychology and execution. So trading feels really natural to me.

But YouTube is rapidally heading down the clickbait route now. People who can't earn a living trading just trying to outdo each other to get views. Some of the stuff I see on there now is so false. I'm literally staring at the screen and shouting at it because it's so obvious to me that you would never use some of these things or say some of those things if you actually attempted it yourself.

It must be a real nightmare for people starting out because it's so difficult to know what's real and what isn't nowadays.

I would love to spend more time helping people but I obviously face this contradiction in that, I'm too busy doing it to be able to spare enough time to go in deep detail on an individual basis. I'm guessing there may be a time that I can do that, but it will probably be when I'm less active.

On the flipside people don't trade have plenty of time to spend "educating" people, that's the great contradiction!

[Trader Pat]

But YouTube is rapidally heading down the clickbait route now. People who can't earn a living trading just trying to outdo each other to get views. Some of the stuff I see on there now is so false. I'm literally staring at the screen and shouting at it because it's so obvious to me that you would never use some of these things or say some of those things if you actually attempted it yourself.

Some of these videos actually highlight that the person who has produced it isn't a very good trader. I've seen some that show a 'successful' trade but it looks like they are just reacting to what's happening by chasing prices around and not really anticipating anything. In some of the vids you can actually see a move develop long before the person doing the talking

Sad thing is because there's a green screen at the end of the video to newbies it must be legit. This guy must know what's he's talking about right I mean he's made a profit?! Sign me up!

[weemac]

But YouTube is rapidally heading down the clickbait route now. People who can't earn a living trading just trying to outdo each other to get views.

Going by todays' email from YouTube re their changing T's & C's, YouTube have now a clear incentive to increase such clickbait:

YouTube’s right to monetize: YouTube has the right to monetize all content on the platform and ads may appear on videos from channels not in the YouTube Partner Program.

As I often say, things tend to get FAR worse before they ever get better.

[Euler]

Some of these videos actually highlight that the person who has produced it isn't a very good trader. I've seen some that show a 'successful' trade but it looks like they are just reacting to what's happening by chasing prices around and not really anticipating anything. In some of the vids you can actually see a move develop long before the person doing the talking

During courses I would often pick off some of these types of videos to show people just how wrong things could be and what they should be looking at.

Some of the football content I've seen recently has been absolutely hilarious, so far removed from the reality of what I know it's incredible that people put their name to it.

[Euler]

I really dislike the summer jumps card on a Tuesday evening. It's never worked for me!

[Trader Pat]

Some of these videos actually highlight that the person who has produced it isn't a very good trader. I've seen some that show a 'successful' trade but it looks like they are just reacting to what's happening by chasing prices around and not really anticipating anything. In some of the vids you can actually see a move develop long before the person doing the talking

During courses I would often pick off some of these types of videos to show people just how wrong things could be and what they should be looking at.

Some of the football content I've seen recently has been absolutely hilarious, so far removed from the reality of what I know it's incredible that people put their name to it.

Good for a giggle if nothing else!

[Maturin]

I really dislike the summer jumps card on a Tuesday evening. It's never worked for me!

Yes, I think that might be a lesson for me too Peter - worst ever evening session in my short time! Got absolutely taken to the cleaners tonight!

[Maturin]

During courses I would often pick off some of these types of videos to show people just how wrong things could be and what they should be looking at.

Some of the football content I've seen recently has been absolutely hilarious, so far removed from the reality of what I know it's incredible that people put their name to it.

Speaking of courses Peter, are there any plans to restart the masterclass at HQ when things get back to normal? I would definitely be interested, thanks.

[Snaff]

Irish racing catches me out all the time. I don’t know why I bother with it but it doesn’t seem right to ignore it.

[Dallas]

Irish racing catches me out all the time. I don’t know why I bother with it but it doesn’t seem right to ignore it.

I rarely bother with them except for the larger meetings, or if they are the only ones on
The few times I do on a regular day I'm very selective over which ones I get involved with

[Snaff]

I think I might have to take your approach to it Dallas. I get involved already knowing that I’m likely walking into a trap