Today's Horse Racing

[Korattt]

suffered lag last Saturday if memory serves, not involved today, seems a quiet day not much activity on here today?

[frankob20]

suffered lag last Saturday if memory serves, not involved today, seems a quiet day not much activity on here today?

Nothing special, ascot was pretty well

[eightbo]

I'd like to thank all the genuine punters out there interested in irish racing today
Only had a 40% strike rate from 20 markets (6/7 losses initially ) but thanks to 3 absolute rippers at Curragh I've ended up in front significantly

[SeaHorseRacing]

Ill Primo Sole is running in France tomorrow in a Group 1. This horse absolutely bolted up on its debut. At the time was short for a few classics this year.

Not sure really what happened but Gosden ran him in a strange conditions race on his second start. Struggled to get his head in front a few times. Back with a bang this year.
I think something was a miss with this horse as now he’s all of a sudden running in a group 1. Not listed or group 2/3.
The trainer himself claims he doesn’t gamble but I have seen similar profiles of these of his of the last 8/9 years get gambled in group races and winning.

Not tipping this as a win or a d.o.b but curious and will be getting on a bit of steam if money comes. Based on form their absolute no reason for this horse to come in. Should be 33/1 or bigger.

Wouldn’t be surprised if it wins. Keep an eye on inside money.

[Derek27]

Ill Primo Sole is running in France tomorrow in a Group 1. This horse absolutely bolted up on its debut. At the time was short for a few classics this year.

Not sure really what happened but Gosden ran him in a strange conditions race on his second start. Struggled to get his head in front a few times. Back with a bang this year.
I think something was a miss with this horse as now he’s all of a sudden running in a group 1. Not listed or group 2/3.
The trainer himself claims he doesn’t gamble but I have seen similar profiles of these of his of the last 8/9 years get gambled in group races and winning.

Not tipping this as a win or a d.o.b but curious and will be getting on a bit of steam if money comes. Based on form their absolute no reason for this horse to come in. Should be 33/1 or bigger.

Wouldn’t be surprised if it wins. Keep an eye on inside money.

A Group 1?

Don't you mean the French 2000 Guineas, or to be more precise, the Poule D'Essai Des Poulains.

[ajdal]

The markets seem to be getting more and more sensitive to orders.
Anyone else finding this?

+1

I think part of what could be contributing to this is the increased availability and use of things like automation and servants. These react to money almost instantly and without being able to assess the situation like a human does and can cause leap frogging of positions as each triggers someone elses automation in an attempt to open or close out a trade and that means the prices can fly about.

And with it brings opportunity.

[Moniac]

And with it brings opportunity.

This type of comment seems to be popular but I don't understand why people think it's useful. The more experienced will already know it and the inexperienced will have already seen the phenomenon but not understand how to exploit it.

Are you telling the guy to wait until the overreaction abates and to trade the retracement? Or just saying that you can see how to profit from it, and if others can't, they're on their own trying to figure it out.

[Korattt]

bit guffy today, started with enthusiasm which has waned with the long races with no spaces

[Dallas]

bit guffy today, started with enthusiasm which has waned with the long races with no spaces

Day off the racing for me, going to enjoy the last day's footie, will have a dabble later with tennis final

[Derek27]

And with it brings opportunity.

This type of comment seems to be popular but I don't understand why people think it's useful. The more experienced will already know it and the inexperienced will have already seen the phenomenon but not understand how to exploit it.

Are you telling the guy to wait until the overreaction abates and to trade the retracement? Or just saying that you can see how to profit from it, and if others can't, they're on their own trying to figure it out.

Trading can be extremely complex, but it can also be extremely simple in that you lay when there's a good chance the price will be higher at some stage, and vice-versa. Any novice trader with an aptitude to trading should be able to see the potential to profit from erratic markets and at least have some idea of how they can go about it, even if getting to your destination may not be so straight-forward.

[Moniac]

Any novice trader with an aptitude to trading should be able to see the potential to profit from erratic markets and at least have some idea of how they can go about it.

So you agree then. It's pointless.

I think you overestimate novices though. Take the example situation, how would a novice know that the surge of money is an anomily or just an adjustment to a new level. How do you know that and how would you explain it? I'd struggle and I'm far from being a novice. Afterall aren't novices told that volatility is as much a danger as it is an opportunity?

Let's face it, every situation holds opportunity, so without further illumination it's just a generic statement of fact designed to make the person saying it feel superior and has the effect of making less astute members feel inadequate.

It's like the wild betfair charts with 'what a great market' comments. Yes it's great so long as you had the right strategy at the right time and the right things happen. That's proven because the next day they'll post a smooth line chart with exactly the same 'what a great market' comment.

[ajdal]

Any novice trader with an aptitude to trading should be able to see the potential to profit from erratic markets and at least have some idea of how they can go about it.

So you agree then. It's pointless.

I think you overestimate novices though. Take the example situation, how would a novice know that the surge of money is an anomily or just an adjustment to a new level. How do you know that and how would you explain it? I'd struggle and I'm far from being a novice. Afterall aren't novices told that volatility is as much a danger as it is an opportunity?

Let's face it, every situation holds opportunity, so without further illumination it's just a generic statement of fact designed to make the person saying it feel superior and has the effect of making less astute members feel inadequate.

It's like the wild betfair charts with 'what a great market' comments. Yes it's great so long as you had the right strategy at the right time and the right things happen. That's proven because the next day they'll post a smooth line chart with exactly the same 'what a great market' comment.

Jeez... Moaniac seems to be the right choice username.

All I was trying to point out was that the change in volatility of prices should not to be viewed as negative. If you chose to view that as pointless then my comment wasn't aimed at you.

As to whether anyone but Betfair and the active trader really knows if 'the surge of money is an anomaly or just an adjustment to a new level.'.... I can promise you not even an experienced trader knows the answer 100%.... but what experience (and modelling) does teach is that the common scenario you presented tends to have a consistent knock on effect to the shape of the market... and with that comes opportunity.

But I suspect this answer will not satisfy you as you appear to be asking for me/others to do the work and then supply you with a step by step guide. Now that I would find pointless.

[Halliday]

Any novice trader with an aptitude to trading should be able to see the potential to profit from erratic markets and at least have some idea of how they can go about it.

So you agree then. It's pointless.

I think you overestimate novices though. Take the example situation, how would a novice know that the surge of money is an anomily or just an adjustment to a new level. How do you know that and how would you explain it? I'd struggle and I'm far from being a novice. Afterall aren't novices told that volatility is as much a danger as it is an opportunity?

Let's face it, every situation holds opportunity, so without further illumination it's just a generic statement of fact designed to make the person saying it feel superior and has the effect of making less astute members feel inadequate.

It's like the wild betfair charts with 'what a great market' comments. Yes it's great so long as you had the right strategy at the right time and the right things happen. That's proven because the next day they'll post a smooth line chart with exactly the same 'what a great market' comment.

Derek27 stated

“Trading can be extremely complex, but it can also be extremely simple in that you lay when there's a good chance the price will be higher at some stage, and vice-versa. Any novice trader with an aptitude to trading should be able to see the potential to profit from erratic markets and at least have some idea of how they can go about it, even if getting to your destination may not be so straight-forward.”

Derek is right trading can be as complex or as simple as you want to make it,and the best way of being sucessful is to keep things simple.

As for you view that a certain post was “pointless”, I suspect an awful lot of post on here are pointless ( including those who try to make trading more complicated then it need be, and in the process giving the impression that they are sucessful traders ).

[Moniac]

I suspect this answer will not satisfy you as you appear to be asking for me/others to do the work and then supply you with a step by step guide.

I'm not asking you to do that and I certainly don't need any step by step guides from you about how to exploit it.

If you'd followed my posts for the last 18 months you'll see that I'm not inclined to critisise comments that are helpful. I've also written thousands of words of advice for new people which has largely been accepted as being genuinely useful and informative.

What irritates me are the glib one liner truisms that have no substance. Trading really is like no other profession in the way people love to sound enigmatic. Look at say a plumbing forum and people give advice not riddles about opportunities to fix leaks and suggesting that further assistance is counterproductive.

Like I said I really don't need your advice, I'm just seeing the world from the viewpoint of a person who might. Perhaps people like yourself have forget what it's like to be a novice. That said I 100% agree with you that this situation provides opportunities, and you were obviously correct to say that, but so does almost every other scenario.

Don't take it personally because you're not the only one, but were perhaps the straw that broke the camel's back. I get the feeling that Halliday knows what I'm talking about.

[spreadbetting]

I always wish people would make more use of the winky smiley when implying they know something the rest don't and churning out the same old generic or cryptic advice