scalping method

[MrX206]

Hi traders,

I've sometimes scalped at horse races but with a losing average, . I'd like to know what methods do u use, how should be the chart or patherns, what odds are more easy to trade and hom much time before the race, etc.

I'd also like to know when u make an stop loss or if u move ur unmatched bet when odds change inmediately.

thanks for ur answers

[harvard16]

You are asking for a lot of info there, If I were you I would take a look at some of the video clips made by the likes of Peter Webb, Sam Wilson and Adam Todd regarding scalping the pre-race market alot of useful info in them.

[MrX206]

Thanks for ur help, Harvard.

I've already wathced the videos, I'd just like to know if someone wants to share his experience on scalping with us, I think this would be great for newbies and more advanced traders who want to explain their different methods.

[dogtown123]

how are u looseing money ?

i persoonly dont own bet angel, but i have watched all the videos on youtube

and am very intrested in buying it

i dont see how you could loose money on the ONE CLICK method

you simpley place your bet, wait for it go get matched, and if it dosnt, you have the kill feed

so it just cancels, and do it again, and your bet will evently get matched,

so no matter who wins the race, you gain profit ?

thanks

[mctash]

Hmm I don't think the one click method is totally fool proof. I don't use it as a rule, I manually scalp but all to often the market can move against my position. I think that its the ability to deal with this situation correctly which can really make the difference to your p and l.

[lilgreenback]

Hi,

i dont see how you could loose money on the ONE CLICK method

Unfortuntely trading is not as simple as that, BA is not a cash machine or a licence to print money (though some do very well from it, but that is through bloody hard WORK). The videos give a good overview of what can be acheived but those who are demonstrating the featues available have years of experiance and skill in trading. They know what sort or market will do what and how it will probably move.

I've sometimes scalped at horse races but with a losing average

It is likely that what you doing is scalping markets that are too volatile and too fast moving; differing markets exhibit differing characteristics. If you are scalping a "swinging" market you can be getting 1 or 2 ticks right; then 4 or more moving against you.

Leaving your trade in "negative territory" correcting that can mean you change sides of the book only for the opposite to happen = more RED.

Look at the videos again how much time is there before the off, what are the prices, what is the volume of money traded and at what odds. Is the market steady or moving rapidly. Try not to look at the money and the GREEN your focus should be learning to trade not making a profit. ... YET

There is a section on recording your own videos look through that and have a bash at it. Even if you just watch them a few times record a selection giving you 10 mins in. Look at what happens during various pre -races. What I mean is check out a class/grade 2,3 to 6 with prices for the fav from odds on out to 6.0 +.

See what happens. As loads of people have said use small stakes and get to know the features.

Cheers

[dogtown123]

surely it dosnt matter what market your in, your bet either gets matched and you gain a profit, or it dosnt get matched hence the kill and fill and will stop trading at say somting like 15 seconds before the start

can someone please explain to me were you would loose money doing it this way ?

becuase i cant see how ?

[lilgreenback]

Hi,

Sorry I may not have been very clear as I tend to use the "ladder" and trade manually.

I'm sure you are aware that it's not just your initial bet that you need to get matched in order to secure a profit. Once you are matched the price has to move for you to be in profit otherwise you have just a bet either a back or lay bet that will either win or lose.

After your back or lay bet has been matched you need to place a second order in the market opposing what you have just done. The one click, offsetting and fill/kill does that for you but only if the price moves in your direction.

However if you have placed an order "One click", it gets matched and the price does not move for you but goes against you then you will start to lose money.

You are right that if the order does not get matched fill or kill will remove it for you after a set time frame. Too short and it won't get matched too long and it can go against you. That is where it is relevant to understand the nature of the markets you are trading in.

If you back at 2.02 and get matched you then need to Lay at a shorter price 2.0 and have the lay bet matched then you have a profit on that selection.
You then need to Green it up to ensure the profit is spread across the other selections or runners.

I would suggest that you download the manual and have a look through that; I think it is being updated with SM and TT as well which will give more info in differing areas.

Hope that helps a bit

[MrX206]

Thanks for all of ur posts.

I think u are right, lilgreenback, the markets where i lost money were too volatile. What I'm trying is to recognize when a market is volatile or stable, I mean some evidences to recognize it (maybe some betangel tools).

I think there are some videos in youtube that can confuse people because u can be lucky and get a huge profit doing things in the wrong way. I've watched videos where people get a lot of money by scalping at 0 seconds before the race starts, I don't think this is a correct way to scalp.

[dogtown123]

hi

ok i now understand, if you back at 2.02 and lay at 2.00, ur bet is matched, but ur not in profit just yet, the market needs to come into ur favor by going up yes ?

is it the back or lay that needs to go up ?

am i correct ?

thanks

[harvard16]

DT,

No you don't quite have it right, the example given of backing at 2.02 and laying at 2 would give you a 1 tick profit.

The situation that would give you a loss is if you back at 2.02 and the market drifts straight out to 2.04 then 2.06 then 2.10 etc, now you have to lay at a higher price to get out resulting in a potential loss and a definate loss if you red up.