After not accepting losses when they should i would say this is the next biggest mistake made by newbie's and possibly equally as hard to kickSeaHorseRacing wrote: ↑Sun Mar 05, 2017 7:47 pmThats a skill itself. Took me a year to do that and stick to it.
Today's Horse Racing
-
SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm
IMO Harder.Dallas wrote: ↑Sun Mar 05, 2017 9:40 pmAfter not accepting losses when they should i would say this is the next biggest mistake made by newbie's and possibly equally as hard to kickSeaHorseRacing wrote: ↑Sun Mar 05, 2017 7:47 pmThats a skill itself. Took me a year to do that and stick to it.
-
SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm
Actually i change that.
Knowing when you have an opportunity and knowing when you should take a loss is harder IMO.
I wasted a lot of time just blindly deleting markets and just cutting lossess at a certain point. IMO all though you should do that. Most of the time taken a loss needs to be way before your mental stop and sometimes you should hold onto your position. That for me is the hardest part of trading.
Knowing when you have an opportunity and knowing when you should take a loss is harder IMO.
I wasted a lot of time just blindly deleting markets and just cutting lossess at a certain point. IMO all though you should do that. Most of the time taken a loss needs to be way before your mental stop and sometimes you should hold onto your position. That for me is the hardest part of trading.
My main pre-race layout does nt even have the P/L column showing, it serves no use to me and I prefere using the space saved for another ladder, I always close a position (positive or negative) on what im seeing on the ladders never because of a monetery value i can see in the left column, and to close a position I just have greening and reversing greening shortcuts set up on my mouse - which is another reason i dont need the column on my screen.
http://www.betangel.com/forum/viewtopic ... 47&t=12404
If i really wanted to see my P/L i could still look at the hedge figure near the top right but tbh i never bother. If anyone is struggling with accepting losses perhaps try turning this off and go with what you see happening rather than being influenced by your P/L either consciously or subconsciously and just set some shortcut keys up to green up at best and reverse prices.
If you do that just remember to keep an eye on the figures at the top of the ladder to make sure you have greened up before it goes in-play
http://www.betangel.com/forum/viewtopic ... 47&t=12404
If i really wanted to see my P/L i could still look at the hedge figure near the top right but tbh i never bother. If anyone is struggling with accepting losses perhaps try turning this off and go with what you see happening rather than being influenced by your P/L either consciously or subconsciously and just set some shortcut keys up to green up at best and reverse prices.
If you do that just remember to keep an eye on the figures at the top of the ladder to make sure you have greened up before it goes in-play
-
SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm
Dont mean to sound stupid. What is reverse greening shortcut?
I use keyboard shortcuts but have no idea what that is.
I use keyboard shortcuts but have no idea what that is.
SeaHorseRacing wrote: ↑Sun Mar 05, 2017 10:21 pmDont mean to sound stupid. What is reverse greening shortcut?
I use keyboard shortcuts but have no idea what that is.
Instread of greening and taking the current price it offers it at the revese so if you already backed the runner in the left ladder
https://www.betangel.com/user-guide/lad ... 3D&mw=MzIw
reverse greeing would offer the lay at 5.4 rather than taking 5.5
-
SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm
The reason I didn't trade much yesterday was although the markets were stable, that wasn't the reason I didn't trade them it was because they never behaved as I expected. Markets I expected to move stayed stable. The summer markets are just much easier to read and more opportunities.
You just know where you stand in the summer.
Scalping is definitely better in the summer but when open a market expecting a big swing and its stays with 3/4 ticks, for me it's a case of waiting for a move or waiting for an opportunity to get a few ticks.
If I scalp a market I expect to move I can get into a mess very easily. Trying to get a 1 or 2 tick gain when any moment it could move away 5 ticks is not something I like to get involved in. They can be frustrating to because they usually move out like a swing. You take you loss only for it to return and going back to being stable. It's really hard to get the call right.
That does present opportunities to get a reversal though because when they move with no volume behind it they usually return.
You just know where you stand in the summer.
Scalping is definitely better in the summer but when open a market expecting a big swing and its stays with 3/4 ticks, for me it's a case of waiting for a move or waiting for an opportunity to get a few ticks.
If I scalp a market I expect to move I can get into a mess very easily. Trying to get a 1 or 2 tick gain when any moment it could move away 5 ticks is not something I like to get involved in. They can be frustrating to because they usually move out like a swing. You take you loss only for it to return and going back to being stable. It's really hard to get the call right.
That does present opportunities to get a reversal though because when they move with no volume behind it they usually return.
-
dragontrades
- Posts: 1248
- Joined: Wed Oct 19, 2016 11:22 pm
seems to be taking ages to place bets.
Good use of the word 'never' from BF customer services regarding Saturday's outage LOL
Good use of the word 'never' from BF customer services regarding Saturday's outage LOL
You do not have the required permissions to view the files attached to this post.
-
SeaHorseRacing
- Posts: 2896
- Joined: Fri May 20, 2016 7:06 pm