Hi ,
I thought a riddle might exercise your brains. Trader A & Trader B managed at different times in play to achieve through 20% offset a green position of value €80
(freebet) on selection x in the race due to the volatility of selections x odds during the race
The Race is still in play... Which trader has achieved the more favourable current position at the time when
(a) Trader A was last to achieve the freebet position in the race or
(b) When trader B was last to achieve the freebet position in the race.
Interesting question with what I think is an interesting result.
Whats the best position?.... A trading riddle
Hi All,
Forgot to mention the important bit of the riddle
Trader A achieved his freebet through a Back to Lay while Trader B used a Lay to Back.
Forgot to mention the important bit of the riddle
Trader A achieved his freebet through a Back to Lay while Trader B used a Lay to Back.
I understand the question but fail to see which trader was in a more favourable position if both were prepared to enter the market with a reason, maybe from the outside the earlier trader who entered a position was at an advantage as he had more time to execute the move
If all that I know about trading were to be written on a postage stamp, there would still be space left on it for the Queen's Head.
That said, Trader A would be in the most favourable position.
Anna
(Her preferred mode of transport is a replacement bus service)
That said, Trader A would be in the most favourable position.
Anna
(Her preferred mode of transport is a replacement bus service)
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northbound
- Posts: 737
- Joined: Mon Mar 20, 2017 11:22 pm
If both traders' P/L is +€80 on SelectionX and €0.00 on all other selections, then they're both in the exact same position at this moment in time.
Of course, if current odds are 3.00 and one of the traders closed his trade at around 2.00, then he would have profited more by greening up on all selections at 2.00 rather than right now at 3.00.
Not sure I understand exactly what you riddle is about though...
Of course, if current odds are 3.00 and one of the traders closed his trade at around 2.00, then he would have profited more by greening up on all selections at 2.00 rather than right now at 3.00.
Not sure I understand exactly what you riddle is about though...
It all seemed so clear when I posed the question/riddle but I agree with northbound as I am not so sure of the point of the riddle myself except it was designed to make myself and others think about offset trading. The answer is and I am open to contradiction on this is that both traders are on the same Horse and neither trader has a better position than the other. Offset trading uses the same stake on both trades and creates a position (usually a potentially winning green position). The point to be made is that both traders created the same position of a potential €80 win should the horse win(and win only). The position is the same for both traders and is the same at every point in time after it was created.by either trader.
Either the horse wins and the €80 is won by both traders or it loses and a no profit/no loss is achieved. No trader has a better trading position no matter who created the position first or last. The one click screen might give the impression that the position is changing all the time. What is changing is the cash out amount at different points in time - cash out is a possible additional trade move totally unrelated to the initial offset trades.
What I gleaned from this myself is that an offset green position is in itself static - You either win €80 or not if the horse wins. Your chances of winning changes depending on the horses position in the race and with that your cash out values can vary throughout and you are open you decide on that additional trade out move.
Either the horse wins and the €80 is won by both traders or it loses and a no profit/no loss is achieved. No trader has a better trading position no matter who created the position first or last. The one click screen might give the impression that the position is changing all the time. What is changing is the cash out amount at different points in time - cash out is a possible additional trade move totally unrelated to the initial offset trades.
What I gleaned from this myself is that an offset green position is in itself static - You either win €80 or not if the horse wins. Your chances of winning changes depending on the horses position in the race and with that your cash out values can vary throughout and you are open you decide on that additional trade out move.
there is another way to also review how you green out of your position. you can determine the lowest green that you feel is worth the trade, as well as an optimistic green that you feel is on the outside edge of what is achievable. using automation and signals, you can *buffer* the timespan of when the trade is in the green and on hitting your expected green, can either exit there, or allow your greening buffer to determine if the green if increasing still. if it is, you can exit on the optimistic green, otherwise bail out straight away on a green that may or may not be less than your planned exit.
rambly i know, but just showing another plot to the riddle.
rambly i know, but just showing another plot to the riddle.
Hi JIM...
Seems Awesome.Id love to see the baf that can do that.
It seems complicated I wouldnt know where to start on that one.
Seems Awesome.Id love to see the baf that can do that.
It seems complicated I wouldnt know where to start on that one.
i'll try to rationalise an approach that is use that may be simple enough to add to your own rules. give me a few days to get something in place.