Morning all, some great comments today
lets go through some of the points.
Hi Shaun, I do appreciate your candor, and i don't want your CV
I know you're not having a pop.
Interested to know how you designed systems without actually trading - that sounds like a very interesting conversation. I never bothered with bloomberg and reuters by the way
my method never relied on nanoseconds - it sounds like you were a quant guy yes? - the thing that killed trading lol
I'm not watching a single runner, but i do focus on the first three. Charts are indeed history - but you all (mostly) watch them so you are all doing some TA in one form or another. People think that history repeats itself, and it often does - otherwise there would be no use for charts at all - what i'm doing is trying to find places where the masses think it will go one way but the (presumably) smart money has other plans for it - in this I may be very wrong and it could turn out that the participants are not advanced in that way as they are in financial markets.
One thing i'm really interested in is to see if there are stop hunting opportunities. if you wanted to back a market with big money then knowing where the stops are from the layers would be a massive advantage to get your money in fast. with a ladder you can see the money but only 3 ticks up and down yes? - the WOM only counts the 3 ticks (I think) and outside of that 3 ticks up and down the numbers don't change until it gets within 3 ticks - am i wrong on this?
There were quite a few comments on the colour blindness and snooker - anyone who is color blind (apart from those with complete cb) will tell you we still see colours but there are shades and things that we can't differentiate. I have a red/green deficiency - with snooker i can tell all the balls but cannot differentiate between red and brown if there is more than 2 inches between them. Most often watching professional snooker the brown is on its spot and when i play myself i have an orange ball as used in snooker plus - i replace the brown with this and no-one seems to mind.
your question as to 'am i prepared to put in the graft' - well no, not really. LOL
this will be hugely entertaining for you to watch me blow up, all the neggies in here can laugh and say to themselves "knew this was going to happen" and feel all smug.
I have around six months to a year to get over this bastard called cancer - another operation to come with a ileostomy reversal which again has a significant recovery time. after that I'm going to spend some of my hard earned cash enjoying life, travelling and doing silly things. This betfair lark is a stop gap for me for something to do. I don't take anything seriously anymore. But you may find that I surprise you and clean up
(i know, everyone thinks they are special) In the past i've been successful at most things i've done - with forex trading it took me two years and about £10k in the 'tuition fees' - in year 3 i made six figures and in year 4 i was trading a small New York based fund of $17m. After the credit crunch I ran a radio station and sold over a million in advertising as well as presenting shows (something i loved from the age of 18)
after 4 years of that i got vocal cancer - couldn't talk for a year, couldnt sell, couldnt present - i thought "how can i make money with no voice" i was 48yrs old and everything i had ever done was vocal - mainly selling.
I started to write books - no voice needed right? i wrote 22 titles in a year which made the grand total of £1k a month - pathetic. then I came across t-shirts and the rest is history - in 2013/14/15 I was one of the biggest sellers of t-shirts in the USA selling over $4m dollars worth to date. then i got cancer again and here I am.
I tell this just to give you an idea that i'm not your typical mug. I can assimilate more in a week than most can in a month. and if I don't find that i'm having fun with this then i'll just pack it in and go do something else - smart money knows when it's time to quit right?
Halliday thanks again for commenting - i like you.
I was asking about the classes of races in the other thread in an attempt to do less work not more. I believe that the quality of questions we ask ourselves has a large bearing in the answers we find. The question i've asked for many years has been "how can i make more money by doing less" - it's worked well so far with me automating my other businesses. Finding out the class of races will enable me to focus on the one's that matter and just not even bother on the ones that dont. - more money - doing less.
Now i know i said that i'm not doing this for the money - but it's the only way to measure success in this arena.
regarding the category of "why i'm doing this" - it's just pretty plain - 'something to do that challenges me' sure i could do crosswords, video games, whatever - but i need a REAL challenge and i'm sure you will agree that BF trading fits into that category.
so yes, i guess in many people's book on here i will be seen as a 'mugpunter' or a 'sucker'
That's fine, come take my money
I'm just getting warmed up.
PS - If you had a 100k account - would you be tempted to fuck with the market and just have some fun? It seems to be that it would be easy to manipulate this thing - of course getting out would be the problem but i do hear a lot of talk about the 'manipulators' - i have the funds to do that so it could be fun! - discuss.