When to get out of your trade

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Hypothetical question.

Close my trade immediately.
1
7%
I am expecting it to bounce back to scratch my position so will sit it out until post time.
0
No votes
I am expecting the price to return and will wait for it to bounce back and take my 1 tick profit.
2
13%
Close when I see more money coming for it or other relating factors (another runner drifting).
12
80%
 
Total votes: 15
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SeaHorseRacing
Posts: 2896
Joined: Fri May 20, 2016 7:06 pm

Hypothetical question.

(pre race horse racing market)

The market is a strong stable high quality race. Group 1. All the runners prices have moved less than three ticks all day.

You are scalping one of the runners. A large order for 50k hits the market 5 mins to post time and takes out your selection. Your trade is now minus 7 ticks.

What would you do?
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SeaHorseRacing
Posts: 2896
Joined: Fri May 20, 2016 7:06 pm

I actually believe there are two answers to this question that would keep you in profit over the long term.
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