The going in-play problem. Yes, another thread about it.

[mcgoo]

I recall how a month or 2 ago(I forget exactly when), I had traded over 250+ horse markets without going in play.. I had just increased my stake level to $100 (big trader me ). I thought I was ready but the trade instantly went into loss ..the psychology of the increased stake had got to my monkey brain and I couldn't take the bigger red..I let it go IP.I was lucky and didn't get done over but it shocked me so much I have since somehow mentally blocked the capacity not to close out and have thus far refused to go IP at all but I remain wary.I also realise I still suck at manual trading and will probably do for the rest of time. A few weeks later I wasn't concentrating and accidentally went IP...tried desperately to get out but couldn't get there fast enough and took a big loss....Karma
It's a great hobby, I love the challenge & will keep trying...but this game is truly not suited to everyone as a profession. I have found more success in tennis and cricket than horses so will probably tinker there for a while, ..while I wait for my wife (scary maths brain and better risk appetite than me) to supersede my vain efforts if she ever stops changing the world one business at a time .
I reckon a safety servant consistently (and there in lies the rub) applied should sort your issue mate. Good luck

[spreadbetting]

People need to stop treating going in play as some kind of bogeyman where it's inevitable you'll lose all your money. Until the race has finished you've always a chance to close your trades inplay, obviously if you're inexperienced with inplay odds movements you'll probably have to close at worse odds but you can still close even in a 5f race. People just need to have a set plan for the few times they get caught out and close, the same they would if the trade was running away from them pre off.

It almost seems that once the market's gone inplay people are using it as an excuse for their bad trades to become straight bets. I'd guess they're already in some kind of 'sod' it mode because things aren't going their way, the off time is loaming and letting bets run has come off for them in the past. There are enough TV, radio feeds etc to give you a good indication of when a race is due so people really shouldn't be getting caught out too often and even if they do it's only one race. They need to start addressing the reasons why they have some reluctance to close rather than using inplay as some kind of excuse when it doesn't work out.

[Niko]

Not experienced enough to comment but deliberately going in play back to lay seems to be working ok for me at the moment. From my earliest caan berry videos it's always been seen as taboo,:but with a bit of thought in running is fun!!

[Niko]

at the forced edit caan berry

[Derek27]

The issue isn't so much letting a trade go in play - if it was your original intention to let the trade go in play and you accept that the trade may not get closed, that's fine. The problem is letting a trade go in play at a far greater risk than intended, simply because you don't want to take a loss.

[LeTiss]

I have no idea how many times I've posted my own quote on the BA Forum, but I'm gonna do it one last time. The reason I keep posting it, is because it's the one thing which trips people up again and again - "The difference between a successful trader and a bankrput one, is what they do when face with a red screen"

I'd love to never post that again here, but I fear it won't be the last, as having an aversion to losses is what kills many traders. You can study graphs until you're blue in the face, but everybody occasionally loses, even PW. If you can't accept that, if you can't 'red up' and move on, then you're in big trouble

[spreadbetting]

People love to look for scapegoats to hide their failings, in play is just a convenient one for trading.

[ShaunWhite]

People love to look for scapegoats to hide their failings, in play is just a convenient one for trading.

+1
Going in-play isn't the problem it's the consequence of a problem.
Anyone can take the small day to day reds, it's the unexpected big ones that freak people out and do unplanned things.

[RicHep365]

People love to look for scapegoats to hide their failings, in play is just a convenient one for trading.

+1
Going in-play isn't the problem it's the consequence of a problem.
Anyone can take the small day to day reds, it's the unexpected big ones that freak people out and do unplanned things.

100%, when I've let it go inplay it's because I've f*cked up in an epic manner, doubled down on a losing position that just continues going against me and compounds the misery, then let it go inplay to try and claw it back.

I have an automatic green up at 10 secs before the off at the moment, although if a race is delayed a while I'll turn it off.

[gutuami]

watch it from minute 10: https://youtu.be/DUd8XA-5HEk?t=10m20s

[trader44]

" when I was making around £100 a day."

if you were doing 5 days a week , i really think you dont appreciate that its actually £500 real pounds per week, try getting a job for that after tax. i couldnt agree more with le tiss. i

[DLB999]

if you were doing 5 days a week , i really think you dont appreciate that its actually £500 real pounds per week, try getting a job for that after tax. i couldnt agree more with le tiss. i

No, it wasn't everyday because I had to work. It was usually my Saturdays and Sundays, so blowing banks was also about wasted free time which is possibly worse. I actually earn around this amount for me current job right now. Not that I enjoy it.

Found some interesting replys here, I liked the video too gutuami. After a year, I think I just have to accept what state I go into after losing. I have to automate the closing out after a certain % loss. If I cant change the habit after a year than its not gonna change anytime soon. I feel its the only way to go.

[harsh]

My Recent experience.
Couple of weeks ago,I met a person after a long while, whom i know, from my childhood. He is trading cricket from last 13 years or so . He told his story that how he became a bookie from a punter. then became a big bookie from a local bookie and How he lost everything. and I was excited when I told him that I am trading cricket too. He just only said 'okay'.

He is still trading cricket everyday but with small bank he has left. I sat with him, watching him trading on phone. He won in 6 out of 9 matches. I told myself 'you gotta believe on someone's 13 years experience man'. and I asked him for help and he said 'okay'. So I put aside 10% of my bank,just to trade according to his advise. I have traded 22 matches according to him. I did what he said. I won big (which I never won before) and I lost big. After trading 22 matches, Today I am Breakeven. I can feel gambling in his trading style. I earned a lots of confidence thou. Money management is a big key to be profitable.

[spreadbetting]

After a year, I think I just have to accept what state I go into after losing. I have to automate the closing out after a certain % loss. If I cant change the habit after a year than its not gonna change anytime soon. I feel its the only way to go.

I stopped smoking after a 30 year habit and haven't had one since around 5 years ago. You'd be surprised at how quickly you can reprogram your brain if you really want to do something. I just decided to go cold turkey and after a week of nicotine withdrawal it was surprisingly easy to quit. The hardest part was actually just deciding to do it.

[DLB999]

Deposited a very small bank to get going again, I managed to last a couple of days without going in play. I thought I had got it down. Clearly not, picture attached of what happened today. The big red is the inplay loss, then I got nailed by a grey hound race, that is a different matter though as the market suspended then went in play.

How long shall i keep trying before banning myself from all exchanges? Serious question here.