Hi All
Probably should start by saying I'm expecting no dead giveaways here as I fully appreciate exactly what your 'edge' is is something that wouldn't be easily shared. What would be very useful is to know from some of the more experienced traders what general route that unlocked a more consistent approach for them. I've been exploring different strategies on pre-off and it would be useful to know from other people who have got there the general areas that helped them.
For example, generally do you have a pre-established perspective on any trade based on stats? Or do you read the market based on the technical aspects (drifting, money coming in etc)? I'm aware the answer will be both.... but generally, is there a preference in your trading?
I felt that yesterday was an easy(ish) day to trade, lots of gambled money and some of the moves were easy to see. The difficulty can be applying this to the lower volume races (even some of the Saturday markets such as at Lingfield) as the market is much more difficult to read, so it's far easier to get caught out. However a lot of people seem to consistently make money on these. I'd be interested to know any general tips for developing the 'conviction' to establish positions in these. It can often feel a bit like guessing.
Any tips would be gratefully received.
Some tips on discovering an 'edge' please....
You need a strategy, an idea, a hunch. It doesn't need to end up being right, but you have to start somewhere and with something and then work out why your first idea was wrong (or why it works) and tweak and develop from there.
Just trying something without an idea is a waste of time (unless I guess you are trying to randomly discover something - which is certainly possible. You need your mind sharp and in learning mode).
To learn the software, play around in practice mode. When you can't work something out read the manual. That's what it's there for. Watch the videos. There are so many. They are easy to find. You will learn.
Read posts from people like jollygreen, Dallas, Andy, the various peters, letiss etc. Read Peter's blogs.
The rewards will generally follow discipline and effort. I you don't have discipline fold the tent now or resign yourself to minimising your losses and treat it all as an entertainment expense.
Just trying something without an idea is a waste of time (unless I guess you are trying to randomly discover something - which is certainly possible. You need your mind sharp and in learning mode).
To learn the software, play around in practice mode. When you can't work something out read the manual. That's what it's there for. Watch the videos. There are so many. They are easy to find. You will learn.
Read posts from people like jollygreen, Dallas, Andy, the various peters, letiss etc. Read Peter's blogs.
The rewards will generally follow discipline and effort. I you don't have discipline fold the tent now or resign yourself to minimising your losses and treat it all as an entertainment expense.