Scalping Newbie

[adapa.satyanarayana]

Hello All !!

Although I am not new to the BF Exchange, I am here to know more about Scalping. I am basically an Arber. Since I dont see a lot of future into it. I am looking to learn more on Scalping.

I want to acquire as much knowledge as possible on Scalping before I would even try Scalping. So in this regard, please post me the links if any.

I am looking to begin my Scalping with a 1 Tick. Do you think it is possible for me to master the art of Scalping?

What are the key things I need to understand before I step into it ?

One other question I have is, is Scalping only restricted to Horse Race only or is it even applicable in other sports ?

[Dallas]

Try this
viewtopic.php?f=17&t=4128

Its certainly not as easy as it once was but it still has its place in the right markets

[adapa.satyanarayana]

when you say, right markets, what exactly does it mean ?

[Derek27]

when you say, right markets, what exactly does it mean ?

Scalping relies on stable steady markets with a lot of liquidity. Volatile low-liquidity markets are not suitable. The last thing you want to do is back a horse at 4.5 hoping to lay it at 4.4, only for it to shoot above 6.

[ShaunWhite]

Do you think it is possible for me to master the art of Scalping?

1. how do you expect anyone to know the answer to that?
2. what difference would it make if people said yes or no?

btw Why have you chosen scalping as your first attempt at trading?

[harsh]

Hello All !!

Although I am not new to the BF Exchange, I am here to know more about Scalping. I am basically an Arber. Since I dont see a lot of future into it. I am looking to learn more on Scalping.

There is also no future in scalping. But, scalping could help you to find a way for better future.

[adapa.satyanarayana]

Do you think it is possible for me to master the art of Scalping?

1. how do you expect anyone to know the answer to that?
2. what difference would it make if people said yes or no?

btw Why have you chosen scalping as your first attempt at trading?

1. Expected a positive answer or a Negative Answer. Like may be the future or current trend is fine for Scalping or absolutely not worth it. Was expecting an answer something on those lines.

2. Its a matter of confidence, whether if the answer was an Yes or No. Just wanted to know how Scalping is being dealt with by other members of this community.


btw Why have you chosen scalping as your first attempt at trading? ----

Just Started googling with Trading in BFE and initially the thing I heard was about Scalping. I found 1 tick advantage to be interesting and hence I thought I would start with Scalping.

Other forms of Trading which could involve a Trading System, I have no idea about the various other Trading Strategies. Hence I chose Scalping in the first place to start with.

[adapa.satyanarayana]

Hello All !!

Although I am not new to the BF Exchange, I am here to know more about Scalping. I am basically an Arber. Since I dont see a lot of future into it. I am looking to learn more on Scalping.

There is also no future in scalping. But, scalping could help you to find a way for better future.

Seems to be like quite a mystifying statement. Perhaps will understand the real meaning going forward.

[adapa.satyanarayana]

when you say, right markets, what exactly does it mean ?

Scalping relies on stable steady markets with a lot of liquidity. Volatile low-liquidity markets are not suitable. The last thing you want to do is back a horse at 4.5 hoping to lay it at 4.4, only for it to shoot above 6.

Thanks !!

Makes sense about the Liquidity !!

I am planning to start Scalping in Horse Race or Grey Hound Markets with as little as 10 GBP of 5 GBP stake. Before that I would try to imbibe as much knowledge as I can on Scalping.

[Derek27]

Scalping used to be easy but these day's spoofers have made it much more difficult. Weight-of-money doesn't mean as much and I've often seen prices steadily move against the weight-of-money.

[Derek27]

when you say, right markets, what exactly does it mean ?

Scalping relies on stable steady markets with a lot of liquidity. Volatile low-liquidity markets are not suitable. The last thing you want to do is back a horse at 4.5 hoping to lay it at 4.4, only for it to shoot above 6.

Thanks !!

Makes sense about the Liquidity !!

I am planning to start Scalping in Horse Race or Grey Hound Markets with as little as 10 GBP of 5 GBP stake. Before that I would try to imbibe as much knowledge as I can on Scalping.

It's not so much knowledge that you need for scalping, but experience. If you practice enough, preferably with £2 stakes, you'll get to learn which markets work and which don't. You can also get a sense from experience, when stable and static markets are likely to suddenly move sharply.

[Trader Pat]

When I first started to trade I scalped pretty much every market. As I got a little better I realised swing trading is where the money is and now when I open a market I'm looking for a swing trade over 90% of the time.

As another poster has said scalping is really only suitable for very stable markets without much volatility and this is true if you open a market and perhaps are only putting through 1 trade at a time. Having said that though when I find a potential swing trade opportunity and while waiting to see if that works out I find myself more and more looking for scalping opportunites on other runners at reduced stakes so I could be trading 2 or more runners at any one time. When I say scalping I'm not necessarily talking about 1 tick, I might be looking to grab 2-3 ticks. Earlier in this thread somebody mentioned you could be looking to scalp a position and place a back bet at 4.40 and the market shoots through your position and heads off towards 6.00, this kind of thing happens all the time so if you got on the right said of a move like that and layed at 4.40 it would be a nice bonus move in addition to where your 'main' focus is in the market, and if it goes against you just dump the position and start again. As Peter Webb has said in one of his videos a good trader puts himself in positions to profit from a potential move rather than waiting for a move to happen then trying to jump on board. I've had lots of situations where these 'side' trades have actually worked out much better than the original trade I opened.

I think my long winded point is if you open a market and only have 1 approach either to scalp or swing trade it you blinker yourself to opportunities that can sometimes pop up on another runner and you completely miss them because you werent open to them in the first place.

Its a bit like walking into a bar and identifying the 9/10 hot blonde. You wouldnt just stare at her all night waiting to see how it pans out (unless you're a psycho of course) you also keep your options open and check out the 5,6 &7 out of tens also and in my experience these can sometimes work out much better

[Derek27]

Its a bit like walking into a bar and identifying the 9/10 hot blonde. You wouldnt just stare at her all night waiting to see how it pans out (unless you're a psycho of course) you also keep your options open and check out the 5,6 &7 out of tens also and in my experience these can sometimes work out much better

I'd just focus on the 2/10 and increase my probability .

[CallumPerry]

I'd look at all of them, blow my money and go home crying and alone... I think I have found out why I am yet to crack this trading thing

[Trader Pat]

I'd just focus on the 2/10 and increase my probability .

Thats the spirit!