Hi
How many races in general do you trade ? Are there some races where you just do not see an opportunity and leave alone ?
I think I am making mistakes looking for trades in races where they do notreally exist.
Any feedback would be much appreciated.
Thanks
Experienced traders
this is my experience on horse racing prerace...sorry for bad english
really hard for me trading on each race.. i do scalping,so i see numbers numbers numebers each moment,for hours..it's' impossibile for me..i can remain concentrated for 40minutes,after i need a stop....40' stop...30' stop...25' stop....stop.
i learning to remain calm..the power is there,concentration calm bankroll management..in my experience if you haven't a clear strategy then the right choice is put to risk not more then 1% of your bankroll...because whitout a clear strategy the difference between winner or loser is very very "small",and if you take a bad day in a day whit uncorrect mindset you will risk to lose so much.
but if you have a clear strategy,then you can put many more then 1% of your bankroll(for risk)
the second step in my opinion is register video during your trading...the evening,or other day, you will see your trades...and you will say: "jes,money there was correct..no there was an error..there bla bla..
whit time you will become a very good trader,and you will earn many money....but remember:
it's simple to do money on betfair...simple but not easy...
it's simple cease to smoke....you don't take a cigarette..oh my god is so simple!!! but in fact it's almost impossible
really hard for me trading on each race.. i do scalping,so i see numbers numbers numebers each moment,for hours..it's' impossibile for me..i can remain concentrated for 40minutes,after i need a stop....40' stop...30' stop...25' stop....stop.
i learning to remain calm..the power is there,concentration calm bankroll management..in my experience if you haven't a clear strategy then the right choice is put to risk not more then 1% of your bankroll...because whitout a clear strategy the difference between winner or loser is very very "small",and if you take a bad day in a day whit uncorrect mindset you will risk to lose so much.
but if you have a clear strategy,then you can put many more then 1% of your bankroll(for risk)
the second step in my opinion is register video during your trading...the evening,or other day, you will see your trades...and you will say: "jes,money there was correct..no there was an error..there bla bla..
whit time you will become a very good trader,and you will earn many money....but remember:
it's simple to do money on betfair...simple but not easy...
it's simple cease to smoke....you don't take a cigarette..oh my god is so simple!!! but in fact it's almost impossible
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Dublin_Flyer
- Posts: 847
- Joined: Sat Feb 11, 2012 10:39 am
If you're looking to enter the market just because it's a market, then you're not doing it right, you're basically gambling on whether or not you can get this one right.
Depending on your time available in the morning or night before, have a good look and see is there anything that catches your eye across the card. If there's a small field race and it looks like a 2 horse race to you, then you know one will shorten in price, the other will drift, while the outsiders remain outsiders and have little effect on the price movement of the top 2, this could be a market you're interested in.
Look at the overall view of each race first, if there's a runner from a stable that is known for, or you think is a bit of a gambling stable, then you might want to get on early and get out 16.2 minutes before the race starts when the bots kick in/local bookies lay off their liabilities and the money really starts changing the market. If there's a small trainer with 3 wins the day before that has an outsider, with a little bit of money in the market, it could be the one to be on.
If there's a 7+ runner field and the top of the market is 3 horses that are in the 4-5 range with no clear favourite, then you definitely have to ask yourself are you looking to trade this one as an opportunity and you know what you're doing, or are you looking to trade this one because it's a market. And it's a market.
If you're just turning on the computer at 5pm and saying I'll trade all the rest of the evenings meetings at Chelms and Dundalk, then you're completely flipping up before you start. You're trading for the sake of trading, you'll be taking positions in the market for no reason whatsoever, hoping each market goes your way. You're spending your evening gambling that your trading works out alright!
Your mentality plays a massive mindset too, which others have addressed thoroughly in different threads. Basically if you're coming home from work after a rough day, stressed out, and you make a cup of tea and fire up the markets. The days work is on your mind, the other half is in your ear about those shelves you were meant to put up 4 years ago, the in-laws are coming this weekend and you have to clear all your shit out of the spare room...just turn the computer off!! If you have the confidence that you know how a market will run in one race, then a similar opportunity will arise soon enough, you can't force a market to happen if it isn't there!
Every market is independent of the last one, if you made a perfectly executed profit in the 1.50, you could be killed in the 2.00 if you jump into the market just because you think you see the same thing happening and....it's a market! While your morning notes said 2.00:Nothing of interest, avoid.
Depending on your time available in the morning or night before, have a good look and see is there anything that catches your eye across the card. If there's a small field race and it looks like a 2 horse race to you, then you know one will shorten in price, the other will drift, while the outsiders remain outsiders and have little effect on the price movement of the top 2, this could be a market you're interested in.
Look at the overall view of each race first, if there's a runner from a stable that is known for, or you think is a bit of a gambling stable, then you might want to get on early and get out 16.2 minutes before the race starts when the bots kick in/local bookies lay off their liabilities and the money really starts changing the market. If there's a small trainer with 3 wins the day before that has an outsider, with a little bit of money in the market, it could be the one to be on.
If there's a 7+ runner field and the top of the market is 3 horses that are in the 4-5 range with no clear favourite, then you definitely have to ask yourself are you looking to trade this one as an opportunity and you know what you're doing, or are you looking to trade this one because it's a market. And it's a market.
If you're just turning on the computer at 5pm and saying I'll trade all the rest of the evenings meetings at Chelms and Dundalk, then you're completely flipping up before you start. You're trading for the sake of trading, you'll be taking positions in the market for no reason whatsoever, hoping each market goes your way. You're spending your evening gambling that your trading works out alright!
Your mentality plays a massive mindset too, which others have addressed thoroughly in different threads. Basically if you're coming home from work after a rough day, stressed out, and you make a cup of tea and fire up the markets. The days work is on your mind, the other half is in your ear about those shelves you were meant to put up 4 years ago, the in-laws are coming this weekend and you have to clear all your shit out of the spare room...just turn the computer off!! If you have the confidence that you know how a market will run in one race, then a similar opportunity will arise soon enough, you can't force a market to happen if it isn't there!
Every market is independent of the last one, if you made a perfectly executed profit in the 1.50, you could be killed in the 2.00 if you jump into the market just because you think you see the same thing happening and....it's a market! While your morning notes said 2.00:Nothing of interest, avoid.
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iambic_pentameter
- Posts: 450
- Joined: Wed May 18, 2016 1:24 pm
Dublin Flyer
Very useful and honest reply.
Found that helpful.
Thank you.
Iambic
Very useful and honest reply.
Found that helpful.
Thank you.
Iambic
