Connstant Losses

[andyfuller]

Don't feed the fish.

[RonObvious]

Still have to ask the question, exactly how does Pete makes all this money? Again, you would think if he is making big money, you'd think he'd share his systems/strategies - he'd make more money and all of us on this forum would do also

Sports trading isn't the stock market. With the stock market if I told ten people to do exactly as I do then it wouldnt effect my profits. Exchanges are different. If any succesful trader told 10 people to place the same orders as them then none of them would make money.

There's a finite amount of money available, thats why succesful traders dont tell exactly how they make their money. And why should they?

Personally speaking I've made some big losses and have questioned whether this is for me many times and only recently have I started to make money consistently... after going through all that I wouldnt tell anybody how I make my profit.

Serve your apprenticeship and if you still cant make money then try something else but don't expect people to give away their hard earned knowledge, it doesnt make sense.

[Euler]

Still have to ask the question, exactly how does Pete makes all this money? Again, you would think if he is making big money, you'd think he'd share his systems/strategies - he'd make more money and all of us on this forum would do also.

But maybe the money isn't being made. I've still to see definite proof as I expect all of you do too. So, Peter, wanna tell us exactly what the 'secret' is? Or I could always ask somebody else?

Any credibility this thread had, just went up in smoke.

Often the biggest battle you have with trading is............ yourself. Master that and you put yourself in with a good chance.

[timbillington]

It certainly looked like a trolling attempt, but maybe I'm too cynical.

[PeterLe]

But maybe the money isn't being made. I've still to see definite proof as I expect all of you do too. So, Peter, wanna tell us exactly what the 'secret' is? Or I could always ask somebody else?

Peter is certainly making the money. In fact, the P&L screen shots that Peter displays are very often not his top performing amounts.
If he displayed his best P&L's, many people would simply not believe him
Regards
Peter

[annuity]

This

Any credibility this thread had, just went up in smoke.

Often the biggest battle you have with trading is............ yourself. Master that and you put yourself in with a good chance.

Oliver until you accept the reason you're failing at trading is 100% down to you and you alone you will never achieve consistently positive results.

I too have not yet achieved consistently positive results but the harder i work on my weaknesses, which are mainly psychological the more consistent i become.

There is no secret to success. The beauty of trading the markets is the possibilities are endless.

Even if Peter said "When this happens do this" it still wouldn't have a 100% success rate and would still put pressure on your psychological weaknesses to continue to execute the strategy without hesitation, which would then effect your results and could make it a losing strategy for you even though for Peter it's a winning one.

Peter trades at the highest level in that he is often at one with the markets(particularly on pre race horse racing) and as such defining it in any meaningful way is almost impossible. You would have to achieve the same level of market knowledge and personal mastery to get it and at that point wouldn't need any advice from him or anyone else anyway.

[Dublin_Flyer]

How times change!

When is it enough? A sad story!
by oliver123 » Sun Sep 01, 2013 3:01 pm

Well, personally, I have NEVER regarded myself as a 'gambler' on Betfair - I am a trader or sniper. Betting, trading, or whatever you wanna call it, is about knowledge and research. Get these two correct and YOU WILL WIN! I enjoy approximately 85% strike rate on any day which I reckon is not bad but it is based on sold knowledge and research!

[jimibt]

How times change!

When is it enough? A sad story!
by oliver123 » Sun Sep 01, 2013 3:01 pm

Well, personally, I have NEVER regarded myself as a 'gambler' on Betfair - I am a trader or sniper. Betting, trading, or whatever you wanna call it, is about knowledge and research. Get these two correct and YOU WILL WIN! I enjoy approximately 85% strike rate on any day which I reckon is not bad but it is based on sold knowledge and research!

i'm a relative noob to this whole game but i've absorbed everything that my peers on here have offered in terms of advice and critique. as a result, i've managed to read between the lines and found a few strategies (via automation) that offer up a good strike rate, similar to the one you mention. this has been achieved thro discipline, enormous personal upheaval (i'm lucky to be able at the moment to do this during the day, so can follow every little nuance of the markets in real time) and acceptance of my personality traits (hint - automation is the only way fwd for me).

Oliver - step back, re-evaluate and create a list of opposing traits that you consider +ve and -ve and see how you can trade one off against the other with the sum game being to reduce the -ve attributes. you'll be amazed when you open up and recognise that you have an abundance of +ve's that you just haven't been tapping into.

anyway, one man's meat an' all that...