300 bank

[Emmson]

Some of the worst aspects of this forum seen in this thread.

[Derek27]

Though the OP was a little simplistic, not really getting the replies against them either.

And it might be fair enough to say they will 'just lose anyway' but if we'd all had that attitude then non of us would be here now either.

As this forum says 'we were all beginners once'....

I'd encourage everyone who wants to start trading - what is the market without more joining, so lets not promote negativity in any case.

I would encourage and help anyone who wants to learn to trade, but there have been a few posters on here that just want to make money and do nothing more. One newbie asked for a method to turn one or two hundred into £1000 within a month, possibly expecting a simple solution, and another was willing to pay somebody to operate his accounts for him, expecting to profit from doing nothing.

In these situations, it is easy to understand why replies are negative and requests for advice not taken seriously.

[ruthlessimon]

Pick a race at odds of less than 4.00, back the favourite and trade out before post. I bet you get a lot of positive trades rather than jumping in and out of the market every time it sneezes.

[Derek27]

Pick a race at odds of less than 4.00, back the favourite and trade out before post. I bet you get a lot of positive trades rather than jumping in and out of the market every time it sneezes.

I think that piece of advice was aimed at changing the mindset and approach of the trader, rather than producing a 'daily return' from automation, which the OP was looking for.

[stueytrader]

Though the OP was a little simplistic, not really getting the replies against them either.

And it might be fair enough to say they will 'just lose anyway' but if we'd all had that attitude then non of us would be here now either.

As this forum says 'we were all beginners once'....

I'd encourage everyone who wants to start trading - what is the market without more joining, so lets not promote negativity in any case.

I would encourage and help anyone who wants to learn to trade, but there have been a few posters on here that just want to make money and do nothing more. One newbie asked for a method to turn one or two hundred into £1000 within a month, possibly expecting a simple solution, and another was willing to pay somebody to operate his accounts for him, expecting to profit from doing nothing.

In these situations, it is easy to understand why replies are negative and requests for advice not taken seriously.

Fair enough, I get that some 'make me money' requests are rather silly and timewasting. It was just the negativity about 'don't even bother trading' etc that I'd wish to avoid. We should promote all trading, pointless or not. Though that in itself may sound slightly Machiavellian in nature....

[spreadbetting]

It's a trading forum , I'm not sure why people can't ask for ready made solutions or are continually expected to put in thousands of hours simply because their peers have.

I'm also not sure why 'make me money' posts should be considered silly as no one's forced to read or reply to them. Asking ,what might be considered, stupid questions for some can sometimes get the answers you need. At the end of the day most of the techniques we use to trade are very simple ideas so why not take the shortcut to them.

I've asked plenty of dumb questions in the past about VBA but I'd rather be seen as dumb than spend a year getting to the same point learning for myself.

[ANGELS15]

It's a trading forum , I'm not sure why people can't ask for ready made solutions or are continually expected to put in thousands of hours simply because their peers have.

I'm also not sure why 'make me money' posts should be considered silly as no one's forced to read or reply to them. Asking ,what might be considered, stupid questions for some can sometimes get the answers you need. At the end of the day most of the techniques we use to trade are very simple ideas so why not take the shortcut to them.

I've asked plenty of dumb questions in the past about VBA but I'd rather be seen as dumb than spend a year getting to the same point learning for myself.

People can certainly ask. However I think it important to understand what you're doing and why. I suspect that some kind person could give me a bot I could use on racing. Initially I may make a few quid but ultimately there will be periods when it loses me money and I won't understand why but the creator would, and would also know how to tweak it etc

[stueytrader]

It's a trading forum , I'm not sure why people can't ask for ready made solutions or are continually expected to put in thousands of hours simply because their peers have.

I'm also not sure why 'make me money' posts should be considered silly as no one's forced to read or reply to them. Asking ,what might be considered, stupid questions for some can sometimes get the answers you need. At the end of the day most of the techniques we use to trade are very simple ideas so why not take the shortcut to them.

I've asked plenty of dumb questions in the past about VBA but I'd rather be seen as dumb than spend a year getting to the same point learning for myself.

I'd also add that the OP was asking fairly generally in any case, not sure they were saying can you send me the code now, just a general query. Point is, newbies posting questions about trading should not be shot down with masses of derogatory posts immediately, at least IMO.

[brendansligo]

hi what strategy do you use to do this would you be willing to share with me

[brendansligo]

would you be willing to share the strategy with me

[stueytrader]

I can offer you my general strategy, though it's more an approach rather than a specific automation.

I'm not an automation trader, only manual, because that suits my style and reading of markets better. I play pre race and inplay, though mostly pre-race. I focus on lay selections, because I again I feel they are better for my form evaluations that i use. You may find you prefer backing, but for me it's laying horses.

I often leave negatives (some red) against selections I see as losing the race. You might find (like I) that profits are better that way.

These are just some general approaches I use, but it is true you have to find your preferences in experience in the markets.

[stueytrader]

Are you interested in any form analysis for horses?

That is a good initial question to ask when trading.

[Derek27]

would you be willing to share the strategy with me

I'm not an automated trader but you'll probably get more help if you explain what stage you're at.

Have you had any practice at manual trading?

Have you used Bet Angel or any other trading software?

Have you learnt the basics of trading, opening a trade and knowing how to calculate your closing stake?

This information would help if somebody is going to share a strategy with you.

[bennyboy351]

what aurtomation would you start with if you had a 300 bank and what return would you expect per day
.

thanks brendan

Hi Brendan, I see you've received a variety of answers to your original question - some polite and positive and others not so helpful! People eh!

As someone who has 'invested' (I refuse to use the word 'lost', as I fully intend to get my money back in the near future - with interest!!!) a fair amount of money in the markets over the past few years, I'd suggest that you forget any quick-fix, get rich quick ideas and accept the fact that you will more than likely lose your first bank - and probably several others besides - before you begin to see any light at the end of trading's long, dark convaluted tunnel!

People like Peter Webb are, in my opinion, the exception that proves the rule with regard to trading. There are many others who are very successful sports traders too, but for every one who 'makes it' with their first bank or two, I'd bet that there are dozens (hundreds - thousands?) of others who lose and keep on doing so - until they give up! It is these people who, along with the 'real' gamblers, help to 'feed' the market.

So, my simple advice to you? Set aside a few hundred quid that you can afford to lose (DO NOT EVER, EVER BORROW MONEY TO TRADE!!!!!) and play around in whichever market(s) you enjoy. Make very, very small trades - try to remember that even a One Penny profit on a trade is STILL a profit and a possible sign that you're doing something right (though in the early days, it'll probably mean that you were 'lucky!').

Expect to spend many months learning your trade - pun intended - and put away any notions of a daily return on your investment.

Finally - and this is, in my opinion, MOST important, watch every video that Peter Webb has produced and then watch them over again - and again - and; well, you get the idea! Take on board what he says, but don't expect to be able to implement all that he teaches straight away!

Trading - like everything else that makes money in this world - isn't simple; if it were, there would be no profit in it!

All the best

George.

PS - Everything else aside, make sure that you really enjoy your trading - it makes the winning (and the losing) so much easier to bare.........

[Derek27]

I admire the effort you go to George, to help somebody who doesn't even provide basic information, but I think the OP just wants an automated strategy that somebody is willing to share. He may not even understand or be interested in trading!